According to Reuters, Petra Diamonds Ltd and South African’s Ekapa Minerals would buy De Beers’ Kimberley mines for 102 million rand ($7.1 million). In last May, De Beers announced that it put the mining operations in Kimberley on sale.
Kimberley mines is located in the Northern Cape Province of South Africa. In 1871, a discovery of 83.5 carat diamond near a farm belong to De Beers family started a new rush. Huge wave of people had migrated to surrounding .... Read more »
Posted on : Saturday , 5th December 2015
Dar es Salaam — The envisaged Singida Wind Power project will roll the region's economic fortunes and turn the municipality into a city during the next few years, the project developers said yesterday.
Posted on : Saturday , 5th December 2015
Government representatives and the private sector from across East Africa are meeting in Nairobi for a conference on sustainable energy (SE4All forum) backed by the United Nations.
Posted on : Saturday , 5th December 2015
After a one year agriculture training course in Israel, a team of 17 agriculture technicians is looking to improve the country's agricultural output by introducing modern technologies.
Posted on : Saturday , 5th December 2015
The newly appointed administration of the National Port Authority (NPA) has said that a shipment of mill equipment valued at US$30 million has arrived at the Samuel A. Russ Port in Greenville, Sinoe County.
Posted on : Saturday , 5th December 2015
Action for Enterprise (AFE), the Argidius Foundation and the Alliance for a Green Revolution in Africa (AGRA), have partnered for a new initiative to make it easier for Senegal’s smallholder farmers to access quality seed, complementary inputs and agricultural advice.
Posted on : Saturday , 5th December 2015
Japan will fund the construction of a solar power plant in Egypt in a move aimed at enhancing energy the sector in the country Foreign Minister Sameh Shoukry has announced.The solar power plant will be constructed at a cost of $US 100 million.
Posted on : Saturday , 5th December 2015
A Turkish construction company has partnered with Unicef to build a school in Nigeria aimed at enabling hundreds of children get education.
Posted on : Saturday , 5th December 2015
The government now hopes to launch the construction of long-delayed Inga 3 hydroelectric project in DRC and hopes work can start by early 2017, the country’s prime minister has announced.
Posted on : Saturday , 5th December 2015
ZIMBABWEAN coach assembler AVM Africa says it will venture into assembling and manufacturing tractors in 2016 starting with 400 units.
CEO Musanhi said this followed a partnership with a local company owned by the Zimbabwe National Liberation War Veterans' Association (ZNLWVA), which is set to sign a billion-dollar agreement with a Chinese firm to set up a plant in Zimbabwe. Musanhi said the 400 units will be the first of more to follow.
"We will be the fir.... Read more »
Posted on : Friday , 4th December 2015
Kenya's manufacturing sector is set to get a new growth stimulus when an Africa-wide trade pact that could provide access to a big market is implemented.
Posted on : Friday , 4th December 2015
Duth Contractor BAM International (BAM) has recently announced that construction works of the new Terminal 3 at the Julius Neyerere International Airport (JNIA) have so far reached a completion of 65%.
The license to start the construction of the new EUR 100 million terminal, was awarded by Tanzania Airport Authority (TAA) in November, 2015 and follows rehabilitation works of the Terminal 2 whose project was awarded between 2005 and 2006 for a total commitment of EUR.... Read more »
Posted on : Friday , 4th December 2015
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