According to the company, the newly opened factory is part of the country's move to position itself and East Africa as a key investment hub in sub-Saharan Africa.
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Posted on : Monday , 15th December 2014
Adelia Pimentel, marketing and communications executive at SEIFSA, said, “It is of paramount importance that companies play a crucial role in socio-economic upliftment and are recognised for their contributions and encouraged to continuously do more.”
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Posted on : Monday , 15th December 2014
Keen on expanding its small electricity generation capacity to support an industrialisation drive, the east African country is currently pursuing several multi-billion-dollar projects, most of them in hydropower generation.
Official.... Read more » Posted on : Monday , 15th December 2014
North Africa is one of our strategic core regions,” explained Maximilian Fellner, General Manager of RWE Dea Egypt. “In Egypt, Dea can look back upon three decades of oil production and we recently doubled our overall production in the country through getting our onshore gas project Disouq on stream. We are delighted about these success stories and will continue on this track, as we see further potential in the region.”
Posted on : Monday , 15th December 2014
Madagascar Oil has announced that following discussions held at the Executive Committee meeting regarding Blocks 3105, 3106 and 3107 on 9 December 2014, the Company’s wholly owned subsidiary, Madagascar Oil S.A., has written to the Office des Mines Nationales et des Industries Stratégiques (“OMNIS”) formally requesting a two year extension to the exploration period of each of the Exploration Blocks.
Posted on : Monday , 15th December 2014
Block operator in Block 2B Taipan Resources has announced that together with other joint-venture partners, have executed a contract with Greatwall for the GW-190 land rig and have also contracted Aberdeen-based Norwell Engineering to manage the drilling operations of the Badada-1 well.
Posted on : Friday , 12th December 2014
Kenyan President Uhuru Kenyatta has just opened the world’s largest single turbine geothermal power plant, which will add 140 Megawatts (MW) to the country’s national electricity grid. The project is viewed as a major boon for development initiatives and poverty reduction in Kenya and is anticipated to reduce electricity costs in the nation by 50 percent by early 2015. The Olkaria IV power plant cost $126.5 million to build and is expected to have an immediate effect on .... Read more »
Posted on : Monday , 15th December 2014
Solar energy solutions provider Aora has announced that its plans to construct an initial pilot of its Tulip solar-hybrid power plant in Ethiopia
Aora’s Tulip solar-hybrid system uses a gas turbine that can operate on any alternative fuel, which guarantees an uninterrupted and stable power supply 24 hours a day in all weather conditions.
Construction of the first pilot plant is expected to begin by mid-2015.
Company officials said t.... Read more »
Posted on : Monday , 15th December 2014
Chinese real estate firm Sultan Palace Development plans to construct a Sh5 billion high-end resort in Kikambala, Kilifi, targeting the luxury holiday homes market.
Posted on : Friday , 12th December 2014
There is a strong demand in Africa for quality, world-class private healthcare, especially from the emerging middle-class, foreign investors, government and health insurers.
Posted on : Friday , 12th December 2014
NAIROBI, Kenya - Competition in the Kenyan and regional health insurance sector could heighten with the acquisition of a major player by global private equity firm, LeapFrog Investments.
Posted on : Friday , 12th December 2014
MWANZA, Tanzania – The Lake Tanganyika Floating Health Clinic/WAVE non-governmental organization is introducing a floating health clinic on Lake Tanganyika.
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