Tanzania will complete a $455 million power transmission line next year linking its power grid to Kenya and Zambia, part of plans to export electricity powered by its gas and coal reserves to neighbours, the Energy and Minerals Ministry said on Monday.
Posted on : Wednesday , 8th October 2014
As new fields come on stream Chad’s finance minister Kordje Bedoumra says the West African country expects to see its oil production rise from its current 100,000 barrels per day to double that amount by the end of 2015.
Posted on : Wednesday , 8th October 2014
Kenya Electricity Generating Co., the East African nation’s biggest power producer, plans joint ventures to complete its geothermal projects in Olkaria, Chief Executive Officer Albert Mugo said.
Posted on : Wednesday , 8th October 2014
Matchedje Motor, a sole national automotive company that on Thursday last week launched campaign to sell its first 100 all-terrain vehicles priced at US$19,600, is planning a second-phase expansion of its vehicle manufacturing factory to produce 100,000 vehicles annually.
Posted on : Wednesday , 8th October 2014
Foreign direct investments into the Kenyan health sector have tripled thanks to conducive policy and legislative environment alongside demand for quality services among the burgeoning middle classes, offic.... Read more » Posted on : Wednesday , 8th October 2014
The Government of Kenya will construct a new referral hospital in Eldoret at a cost of US$ 563m.
Read more » Posted on : Wednesday , 8th October 2014
Despite weaker than expected global growth and stable or declining commodity prices, African economies continue to expand at a moderately rapid pace, with regional GDP growth projected to strengthen to 5.2 percent yearly in 2015-16 from 4.6 percent in 2014, according to a recent World Bank report.
Posted on : Thursday , 9th October 2014
Kenya ranks among the leading Foreign Direct Investment (FDI) destinations in Africa, the United Nations Conference on Trade and Development Secretary General Mukhisa Kituyi has said. Dr Kituyi said Nigeria and Ethiopia complete the list of the most attractive investments destinations for foreign capital on the continent. Launching the World Investment Report 2014 in Nairobi, Dr Kituyi lauded the increasing FDI movement among African States. " Kenya remains the single mos.... Read more »
Posted on : Wednesday , 8th October 2014
Wentworth Resources projects it will make $20 million for first full year and $140 million over first 5 years of production net of operating and on-going development costs according to the October 2014 presentation.
Posted on : Wednesday , 8th October 2014
Cairn together with its joint venture partners announced that the FAN-1 exploration well, offshore Senegal, has discovered oil.
Posted on : Tuesday , 7th October 2014
Circle Oil Plc (AIM: COP), the Middle East and North Africa focused oil and gas exploration, development and production company, announced the preliminary results of drilling of the well CGD-12 in the Sebou Permit, onshore Morocco.
Posted on : Tuesday , 7th October 2014
The West African Gas Pipeline Company (WAGPCo) has opened its pipeline to be accessed by independent gas shippers to maximise the potential of the facility, which has been underused over the years.
Posted on : Monday , 6th October 2014
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