Market News
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East Africa: Tanzanian Energy Firm to Take Over Kenya Oil Unit
Posted on :Friday , 24th February 2017
Nairobi — Tanzania's energy firm Lake Oil is set to acquire the petroleum retail business of Hashi Energy in Kenya.
The acquisition will add to Lake Oil's existing gas distribution business in Kenya."It is notified for general information that the Competition Authority of Kenya has authorised the proposed acquisition of the. . .Kenya: Global Oil Refiners Show Interest in Kenyan Crude Samples
Posted on :Monday , 20th February 2017
Kenya has delivered crude samples from oil wells in Turkana to Asian and European refiners to assess the market before a pilot export scheme starts this June.
The government said the samples from the South Lokichar basin in northwestern Kenya were low in sulphur content, making the oil easier to refine."European and Asian refiner. . .Kenya: Fuel Prices Go Up; Petrol Hits Sh100 Per Litre in Nairobi
Posted on :Wednesday , 15th February 2017
The energy regulator has signalled more pain at the pump as it announced that petrol is up by Sh4.26 a litre to Sh100.27 in Nairobi in its latest review.
Diesel is also up Sh5.03 a litre to Sh89.26 while kerosene is up Sh3.75 to Sh67.19 a litre, the Energy Regulatory Authority (ERC) said Tuesday while citing a 20 per cent global increase in crude prices when the car. . .Expogroup Wins Big at the Tanzania Leadership Awards 2016
Posted on :Friday , 3rd February 2017
On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from conglomerates with more than 500 employees, to small start-ups with a staff count of 2 to 4 employees. . .
East Africa: Fuel to Cost More as Crude Prices go up
Posted on :Saturday , 21st January 2017
Consumers in East Africa will pay more for refined petroleum products, as global crude oil prices rise.
Ecobank Research, an arm of Ecobank Group, said crude oil prices on the international market have rebounded upwards from $50 a barrel, following a decision by members of the Organisation of Petroleum Exporting Countries (OPEC) and other producers in early December. . .Please Select an Option
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Expogroup is a full service exhibition organiser with over 28 Years experience in International trade exhibitions. Our current portfolio includes 28 annual exhibitions from a diverse range of industries being held across the Middle East & Africa.
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