India Plans to Step up Oil, Gas Investment in Africa

NEW DELHI -- India's state-run businesses are seeking to acquire stakes in oil and gas blocks in Africa, form joint ventures in the continent and supply organic gas to meet increasing fuel demand at property, Indian Oil Minister S. Jaipal Reddy mentioned... Today as considerably as 21.five% of India's crude oil imports are from Africa. In the years ahead, we seek far more crude oil and liquefied organic gas from Africa," Mr. Reddy stated at a conference.Africa is regarded to.... Read more »

Posted on : Tuesday , 23rd December 2014

Rwanda: More Investors Commit to Boosting Exports

Eight more companies have signed agreements with government committing to increase production and scale up exports.The companies are in the mining and manufacturing sectors and include Rwanda Plastic Industries, Rwanda Allied Partners, Minimex, Demikaru Ltd, East African Granite Industries and Development Mining Company Ltd. Under the agreements, companies committed to expanding the scope and mode of production along the value chain so as to boost exports and forex revenue. Kanimba.... Read more »

Posted on : Tuesday , 23rd December 2014

Kenyan County Invites Chinese Investment

A Kenyan county on Monday called on Chinese investors to exploit opportunities that exist in infrastructure, agro-processing and tourism. Officer in Charge of Intergovernmental Coordinator at the Laikipia County Lantano Nabaala told a team of Chinese journalists that investors should tap the full gains of the county's natural resources. "Laikipia is rated as the fifth county in Kenya to invest in, and one of the best places to visit in the world with an oasis of opportunities.... Read more »

Posted on : Tuesday , 23rd December 2014

WORLD BANK FUNDS CONSTRUCTION OF DAM IN KENYA

The International Development Association, World Bank's fund Kenya government $200 million (Sh18.12 billion) for the construction of a dam in Kwale County. Construction of Mwache Dam is intended to boost sustainable irrigation and access to clean water in the Coast region. The dam is one of the projects being undertaken by the Kenya Water Security and Climate This project is intended to boost investments in water infrastructure and service delivery. Other development finance.... Read more »

Posted on : Tuesday , 23rd December 2014

New Egyptian Discovery for Kuwait Energy

 Kuwait Energy Co. (KEC) saw a discovery on the East Ras Qattara development lease in Egypt’s Western Desert. The discovery was made with the drilling of the Shahd-4 well in the Wadi El Natrun formation (Jurassic). KEC holds a 49.5% revenue interest in the East Ras Qattara development lease, while the remaining 50.5% is held by Chile’s state-run ENAP’s international unit Sipetrol. Tests of the Wadi El Natrun formation achieved flow rates of 1,275 bpd of.... Read more »

Posted on : Monday , 22nd December 2014

Oil & gas landmarks-Key milestones were reached

 Dogged by a myriad of obstacles since commercially viable quantities of oil and gas were first announced in 2006, the oil and gas sector registered several milestones this year than it possibly did in the first six years of discovery. Just a month into 2014, the government agreed with the three oil companies, Tullow Oil Uganda, Total E&P and the Chinese National Offshore Oil Corporation (CNOOC) on the Field Development Plan paving way for production. The landmark agreement.... Read more »

Posted on : Monday , 22nd December 2014

Tower Resources resolves dispute with Repsol in Namibia

 Tower Resources has announced that it has reached agreement with the Operator, Repsol Exploration (Namibia) (Pty) Limited relating to the disputed costs associated with the drilling of the Welwitschia prospect, offshore Namibia.   As announced on 3rd September 2014, the Operator’s estimate of well and other related costs for the drilling of the Welwitschia prospect, which had been completed on 15th June 2014, had increased to US$33.0 million net to Tower. At that.... Read more »

Posted on : Monday , 22nd December 2014

Manufacturing market expands opportunities

 South Africa-based wood-preservative chemicals supplier Dolphin Bay Chemicals implemented its first pilot wood treatment of wood ammonium copper quaternary (ACQ)    ACQ was developed in the US and is being manufactured locally by Dolphin Bay Chemicals under its Permacure brand.   As the only ACQ manufacturer in Africa, Dolphin Bay Chemicals is also one of only two companies on the continent that manufacture chromated copper arsenate (CCA), one of the.... Read more »

Posted on : Monday , 22nd December 2014

Manufactures Line Up New Investments in East Africa

 Savannah Cement, one of the country's newest market entrants, is set to build two new plants as it nears exhaustion of its current capacity, managing director Ronald Ndegwa said. He said the cement maker will invest between $250 million (Sh22.31 billion) and $350 billion (Sh31.23 billion) for a clinker plant and a second mill to support its existing operations.   "We see ourselves running out of headroom in two to three years at our current mill, hence the new.... Read more »

Posted on : Monday , 22nd December 2014

Indian trade mission aimed to generate millions in new business with Africa

 The Federation of Gujarat Industries (FGI) hopes that its recent nine-day trade mission to South Africa will, on its own, generate at least $10-million in bilateral trade. So stated FGI senior VP and mission head Janak Seth at a trade briefing in Sandton (north Johannesburg) during the visit. Gujarat is a coastal state in north-west India.   While 5% of India’s population live in the state, it is responsible for 17% of the country’s gross domestic product.... Read more »

Posted on : Monday , 22nd December 2014

Africa: World Wood Production Up for Fourth Year - Paper Stagnant As Electronic Publishing Grows - UN Report

Continuing steady growth in 2013 for the fourth consecutive year, global wood production has fully recovered from the economic downturn of 2008-2009, though production of pulp and paper stagnated largely due to a decline in consumption in China, data released by the United Nations' Food and Agricultural Agency (FAO) revealed today. FAO also reported that after 38 years of uninterrupted growth, production of paper and consumption of pulp and wastepaper - the two main products used.... Read more »

Posted on : Monday , 22nd December 2014

Kenya: Finally, Konza City Gets a Road Through It

Nairobi — Deputy President William Ruto was on Monday to commission Konza Road that will open up the proposed Konza technopolis to infrastructural investment.   The accessible road is part of a raft of ongoing infrastructural efforts geared at laying a foundation for the commencement of construction of Phase 1 of the Techno City.   Following contract signing with American firm Terra Tech for development of a smart city, provision of power by Kenya Power, approval.... Read more »

Posted on : Monday , 22nd December 2014