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UK based Company Looks at Investment To East Africa

 Old Mutual PLC Friday said it is buying a 23.3% stake in Kenya-based UAP Holdings Ltd, an East and Central African financial services company, for KES8.88 billion, or about USD97.6 million, part of its strategy to expand in Africa. The acquisition comes as the FTSE 100 investment, savings, insurance and banking group looks to grow customer numbers in Africa, excluding South Africa, to 10 million by the end of the decade. In a statement, Old Mutual said it will pay for UAP,.... Read more »

Posted on : Wednesday , 21st January 2015

Tullow, Africa Oil to drill up to 6 basin openers in Northern Kenya in 2015

 Tullow Oil and Africa Oil say they plan to drill 6 basin openers in North Western Kenya’s North Lokichar basin, Kerio basin as well as in North Turkana according to the latest presentation by Africa Oil.   Of the six wells 4 of them are set to spud in Q1 including Epir-1 and Engomo-1 both of which have began drilling in North Kerio and North Turkana while North Samaki and Tausi in North Turkana and North Lokichar are both set to start drilling this.... Read more »

Posted on : Wednesday , 21st January 2015

Mtwara to Dar Es Salaam Gas Pipeline Project update

 Completion and the commissioning of treatment plants natural gas – February 2015;   Construction of Valve Stations 16 required for the entire pipeline will be completed at the end of January 2015;   Construction of facilities receiving natural gas Mtwara, Somanga, Vote, Kilwa, Kinyerezi and Tegeta in Dar es Salaam will be complete at the end of January 2015; Work to make attempts to greater water pressure on Bomba (Hydrostatic pressure test) different areas.... Read more »

Posted on : Wednesday , 21st January 2015

Uganda: Germany to Fund Kabale Power Dam

Germany is to fund construction of the proposed 6.5MW Maziba hydroelectric power dam in the western district of Kabale, Prime Minister Dr Ruhakana Rugunda has said. Rugunda told residents of Kyanamira sub-county recently that a contractor had already been secured for the $12m (Shs 34bn) project on river Maziba, 10km east of Kabale town. A 1.6MW plant built at the site in 1966 was decommissioned in 2002. In 2009, a new positive feasibility study was carried out by Lahmeyer.... Read more »

Posted on : Wednesday , 21st January 2015

East Africa potential LNG market for investors

Vast amounts. Mozambique alone is estimated to have gas reserves of up to 4.25 trillion cu/m and Tanzania potentially as much as 1.41 trillion cu/m (Petroleum-economist). But in a global economy where commodity prices, consumer demand and ‘timing to market’ are crucial, there is no guarantee that even these amounts can be commercialised in the foreseeable future. However, for both countries the prize is great. In an article written by Nadja Kogdenko - East Africa: The.... Read more »

Posted on : Wednesday , 21st January 2015

Solarcentury launches commerical solar arm for East Africa

Global PV developer, Solarcentury, is formalising its growing operation in East Africa by joining forces with Kenyan firm, East African Solar, to form Solarcentury in East Africa. The new company will deliver solar projects throughout East Africa, where solar is emerging as a promising alternative to expensive diesel-generated power. Both companies have solid experience of the nascent solar market in Kenya, having independently worked on commercial PV projects as well as.... Read more »

Posted on : Wednesday , 21st January 2015

East Africa: U.S.$500 Million Set for African Renewable Power

Dubai — Access Power MEA a power project developer for the Middle East and Africa, and EREN, a leader in renewable energy, last week announced the launch of Access Infra Africa, dedicated to investing in the early stage development of power projects in Africa writes JOHN SAMBO Access Infra Africa will be the largest privately funded vehicle of its kind. The partners intend to implement an ambitious development plan leading to the realization of a portfolio of power assets in.... Read more »

Posted on : Wednesday , 21st January 2015

SolarNow looks to ride wave of East Africas solar boom

Dubai — Access Power MEA a power project developer for the Middle East and Africa, and EREN, a leader in renewable energy, last week announced the launch of Access Infra Africa, dedicated to investing in the early stage development of power projects in Africa writes JOHN SAMBO Access Infra Africa will be the largest privately funded vehicle of its kind. The partners intend to implement an ambitious development plan leading to the realization of a portfolio of power assets in.... Read more »

Posted on : Wednesday , 21st January 2015

Kenya to revoke controversial mining tax

Less than a month after Uhuru Kenyatta was sworn in as Kenya's new president, his administration is planning to revoke rules passed in 2012, which impose 35% local equity shareholding in the country’s mining licences, reports Business Day. Unlike most African governments, Kenyatta’s is not seeking larger ownership stakes in foreign miners with the upcoming mining bill, which will eventually replace the existing, obsolete Mining Act of 1940 later this year. Instead,.... Read more »

Posted on : Tuesday , 20th January 2015

Kenya to form state-owned mining company

The Kenyan government announced last week it will form a national mining corporation, reports the Daily Nation. The state-owned company will handle joint ventures with the private sector. Najib Balala, the government's cabinet secretary in charge of mining, also said a new mining bill will ensure mineral investments work in the public interest. The act will allow the cabinet secretary to regulate the sector in a transparent manner. Balala said the there is a provision for.... Read more »

Posted on : Tuesday , 20th January 2015

Tanzania Rukwa Coal To Power Project Shows Potential To Double In Size

Kibo Mining PLC  has announced the results of the power pre-feasibility study for the Tanzania Rukwa Coal to Power Project (RCPP) showing the potential to expand the power station and double the current size of the project, which could be used in alternative energy-conversion technologies, such as coal to liquids. tanzania-rukwa-coal-to-power-projectResults of the study indicate the total project cost will be between USD 640 million and USD 760 million depending on the final.... Read more »

Posted on : Tuesday , 20th January 2015

Solarcentury launches Kenyan arm

  UK-based Solarcentury has joined forces with Kenyan company East African Solar to target commercial PV projects in the country and wider region. Solarcentury has had a Nairobi office since June 2013 headed up by company founder Dan Davies, who will be director of new venture Solarcentury in East Africa. Former East African Solar chief executive Guy Lawrence will be director of business development and work alongside Davies and a team of seven to deliver solar projects.... Read more »

Posted on : Monday , 19th January 2015



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