Dubai based Metito wins US$29mn African Infrastructure project contracts

 UAE water firm Metito has announced its participation in four municipal water projects in Egypt Metito wins US29mn Egyptian water project contracts Metito’s involvement in the four municipal water projects is worth a combined US$29mn.  The company, which has its headquarters in Dubai, will take advantage of the recent economic recovery in Egypt to participate to varying degrees in the four projects, in a deal worth around US$29mn. The National Organisation for.... Read more »

Posted on : Monday , 14th September 2015

East Africa: Foreign Investors Push USE Growth to $14.1 Million

 Active participation of foreign investors in equities propelled a fivefold jump in turnover on the Uganda Securities Exchange in the second quarter of 2015, compared with the same period last year. The USE reported a turnover of Ush52.34 billion ($14.1 million) compared with Ush10 billion ($2.7 million) in quarter 2 of 2014.   Power distributor Umeme's counter contributed 86.71 per of the turnover, followed by DFCU at 10.4 per cent, Stanbic at 6.5 per cent while National.... Read more »

Posted on : Monday , 14th September 2015

Govt Tasks Local Fabricators On Production of Agricultural Equipment

Federal Government has tasked local fabricators to come up with locally produced agricultural equipment and machinery to promote indigenous technology as well as enhance food production in Nigeria.   The Permanent Secretary, Federal Ministry of Agricultural and Rural Development, Sonny Echono, gave this task at a meeting he held with members of the Tractors Owners and Operators Association of Nigeria (TOOAN) at the ministry's headquarters in Abuja.   Echono stated that.... Read more »

Posted on : Monday , 14th September 2015

RAB Should Make a Mark With Solar-Powered Irrigation System

The Rwanda Agriculture Board (RAB) will soon launch a new effort to promote research on the use of solar energy in irrigation to boost farming, especially in drought-prone areas of Eastern Province. RAB is looking into running field trials for a solar-powered irrigation technology developed by a fresh graduate of the University of Rwanda.   The innovation project seeks to make the most of wetlands in drought-prone areas during dry season by using solar energy to pump water from.... Read more »

Posted on : Monday , 14th September 2015

SA Firms Want Agric Partnerships

South African companies have expressed interest in investing in Zimbabwe's agriculture sector, Agriculture, Mechanisation and Irrigation Development Minister Dr Joseph Made has said. He said the companies were willing to invest in crop production through contracts and partnerships.   "I am satisfied with the level of enquiries from South Africa relating to that country wanting to invest in crop production in Zimbabwe," said Dr Made in an interview on.... Read more »

Posted on : Monday , 14th September 2015

'Agrocorridors' to boost food security

Farming projects along lines of transportation are being promoted as opportunities to attract investment and increase food security.   At a recent event in Nairobi, early-stage venture backer Village Capital brought to a close its programme by inviting a number of startups in the agribusiness space to present their solutions for assisting smallholder farmers.   This saw the likes of Ghana’s Farmerline, which expands access to information to farmers, Rwanda’s.... Read more »

Posted on : Monday , 14th September 2015

Toyota's drive to expand in Africa

Car manufacturer Toyota is well known, but Toyota Tshusho less so. We spoke to the trading subsidiary to find out more about its African operations.   Toyota Tsusho, established in 1948, is the sole general trading company within the Toyota Group. It has some 53,000 employees and its global network encompasses Japan, approximately 90 other countries and over 950 consolidated companies.   Since its foundation, we have been involved in the vehicle manufacturing and sales.... Read more »

Posted on : Monday , 14th September 2015

Kenya-South Sudan road construction gets funding from World Bank

 The World Bank has released US$512m for the construction of the Kenya-South Sudan road and also for the laying of the fibre optic cable which will eventually enhance trade between the two countries.   South Sudan’s ICT minister Rebecca Joshua Okwaci and her Kenyan counterpart Fred Matiang’i signed a memorandum of understanding in January this year, paving way for commissioning of the project.   “The entire Kenya-South Sudan road construction.... Read more »

Posted on : Friday , 11th September 2015

Garden City to build a hotel in Phase II

 Garden City one of East Africa’s largest mall has announced the construction of a new business park that will host a four star hotel.   The park will be developed on an additional 21 acres of land adjacent to the original 32 acre site that already hosts apartments and retail centres.   Michael Turner, Head of Actis Nairobi said that the new construction will also accommodate a hospital, green spaces and a pedestrian avenue linked to the mall with parking.... Read more »

Posted on : Friday , 11th September 2015

Kenya signs China nuclear power deal

 Kenya has signed a deal with China as part of the east African nation's plans to have a nuclear power station by 2025, the Kenya Nuclear Electricity Board (KNEB) said Thursday.   Kenya plans to set up its a first nuclear power plant with a capacity of 1000 MW by 2025, the board said, with ambitions to boost that to 4000 MW by 2033, and to make nuclear electricity "a key component of the country's energy" production.   READ: IAEA Lauds Kenya nuclear power.... Read more »

Posted on : Friday , 11th September 2015

Zimbabwe licenses US$250mn of solar power projects

Five solar power projects, valued at a total of US$250mn, have been licensed by the Zimbabwe Energy Regulatory Authority (ZERA). The five solar power projects are expected to generate about 160MW of power together. Taken together, the five projects are expected to produce 160MW of power. According to ZERA CEO, Gloria Magombo, the licensed projects are at different stages in the project development cycle. “Some of the projects are at pre-feasibility stage, some have conducted.... Read more »

Posted on : Friday , 11th September 2015

Africa: Metallon Acquires New Equipment for Effective Industrialization

 Metallon Corporation has acquired new equipment for its subsidiary, Arcturus mine in a move expected to turn around operations at the mine, a company official said. Metallon recently announced its intention to spend over $20 million on new projects this current financial year to increase production volumes as gold prices remain unpredictable on the global market.   Metallon chief executive Mr Kenneth Mekani highlighted the company's focus on the development of Arcturus.... Read more »

Posted on : Friday , 11th September 2015