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KEPCO to build a nuclear power plant in Egypt

Korea Electric Power Corporation (KEPCO) has announced that South Korea has signed an MOU with Arab Contractors, the number one builders in Egypt’s construction industry, for the exporting of Korean nuclear power plant to Egypt.   The Egyptian government plans to give public notice of an international bid for building a second new nuclear power plant at El-Dabaa early 2015. The MOU with the Arab Contractors therefore gives KEPCO a competitive advantage over other nations.... Read more »

Posted on : Monday , 10th November 2014

BP expands in Egypt with $240 million investment in two new exploration blocks

 BP Egypt has confirmed today that it has been awarded two new exploration blocks as a result of the 2013 EGAS bid round. BP and its partners have committed to invest a total of $240 million in the blocks over different phases.   Block 3 - North El Mataria is BP's first entry into the Onshore Nile Delta. The block is located in the northeastern part of the Nile Delta cone, approximately 57km to the west of Port Said city. BP will operate the block with 50% equity and Dana.... Read more »

Posted on : Monday , 10th November 2014

Nigeria continues to import large volumes of US jet fuel

According to the latest data from the U.S Energy Information Administration; Nigeria, Africa’s biggest crude oil producer, continued to import a large volume of jet fuel, drawing the highest volume  from the United States in August, The Punch reports.   The country imported 1.51 million barrels of US jet fuel in the month, surpassing Canada’s import of 1.23 million barrels.   Nigeria had in November 2013 imported 1.74 million barrels of the fuel, the.... Read more »

Posted on : Monday , 10th November 2014

Tullow withdraws from Namibia Kudu gas power project

 Tullow has withdrawn from its full participation in the much-eyed Kudu gas-to-power project which is under development in Namibia. According to Namibia’s Mines and Energy Minister Isak Katali, the government has been informed by Nampa of the UK-based company’s withdrawal from the project due to financial problems.   Located 130 kilometres offshore of Namibia’s south-west coast, Kudu gas-to-power project is co-owned by government and Tullow and Itochu who.... Read more »

Posted on : Friday , 7th November 2014

Cairo s ultra-green complex to feature energy efficient technologies

 The upcoming Cairo’s Gate Residence has taken the use of energy saving and technologies in buildings to another level. Construction of the complex is such a way that it will minimize environmental impact using a host of technologies. It will feature windcatchers, wind turbines, geothermal cooling, solar panels, solar heater tubes and wind turbines.   Construction of the complex is set to commence in March 2015, with the completion expected in 2019.   The.... Read more »

Posted on : Friday , 7th November 2014

Kenya to upgrade Moi International Airport at the cost of US$66m

 The French Agency for Development (AFD) has signed a US$66m deal that will see the Moi International Airport in Mombasa being upgraded.   The loan will be used by the Kenya Airports Authority (KAA) to renovate airside pavements, airfield ground lighting and to upgrade the water and power supply to the airport. This is in a bid to keep the airport at recommended international aviation standards and recommended practices, according to Lucy Mbugua, the KAA Managing.... Read more »

Posted on : Friday , 7th November 2014

SunPower to open a new manufacturing plant in South Africa

 SunPower, a solar technology and energy services provider, has announced it will open a solar panel manufacturing facility in Cape Town come 2015.  The new move will help in meeting growing demand for solar technologies in the region.   The manufacturing plant is expected to produce SunPower’s E20/440 solar panels and will offer 150 job opportunities to the locals. The plant will be under the ownership of SunPower and be operated by the same.   It will.... Read more »

Posted on : Friday , 7th November 2014

Nigeria: Oil Revenue Disclosure From Nigeria, Others Hits U.S.$1.3 Trillion

    THE Nigerian government and its counterparts in Extractive Industries Transparency Initiative (EITI) compliance countries have disclosed over $1.3 trillion worth of revenue from oil, gas and mineral resources as at October 2014.   Besides, EITI has won the support of over 90 global investment institutions that collectively manage over $19 trillion, while the total financial flows from the extractive oil and gas industry in Nigeria from 2009 to 2011 amounted to.... Read more »

Posted on : Thursday , 6th November 2014

Kenya: Investors Eye Turkana's Looming Oil Boom

        Property developers, local and foreign, are carrying out surveys on investment opportunities in Turkana county with an eye on the boom expected when production of oil begins.   Turkana county government says it has been approached with enquiries on how to go about investing in the region and expects some of the investments to fall through.   "Interest by investors has gone up and we are putting in place a master plan for the county to.... Read more »

Posted on : Thursday , 6th November 2014

Nigeria: As Lagos Joins Oil Producing States

    THAT Lagos State is on the verge of becoming a member of Nigeria's oil producing states by 2015 is good news. The state's government has been undoubtedly progressive and visionary, hence the enabling environment it has created to make this possible is hardly surprising. This new-found status, therefore, is now a clarion call on other states to rise up to the current economic challenges, think and act positively in the larger interests of the people.   According.... Read more »

Posted on : Thursday , 6th November 2014

NHC projects 1.0 trillion/- investment by 2015

National Housing Corporation (NHC) is optimistic that its total project investment will grow to 1.0 trillion/- next year, up from 800bn/- this year due to improved infrastructure in the country.   Speaking in Dar es Salaam over the weekend during the Expo builds and auto mart exhibitions, NHC Director General, Nehemiah Mchechu said project investments are growing fast without relying on the government.   He said the corporate project investments have now reached 600bn/-,.... Read more »

Posted on : Thursday , 6th November 2014

Uzuri Hotel Resort in Zanzibar to be ready in 2016

 A new hotel resort that will be constructed on the island of Zanzibar will be expected to open its doors in early 2016. The architectural and interior design work for the new Uzuri Hotel Resort was previously awarded to Jesco+Whiles according to reports, and the design is expected to conform to the local culture. It will be located at the Indian Ocean off the Tanzanian coast.   The planned Uzuri Hotel Resort project, a development of RSJ Private Equity – a Czech.... Read more »

Posted on : Wednesday , 5th November 2014




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