Market News

  • Kenya in emergency road works for early oil exports

    Posted on :Thursday , 3rd November 2016

     The Government is moving to upgrade infrastructure as it readies to start moving crude oil from Turkana to Mombasa.

    Deputy President William Ruto yesterday commissioned the construction of roads between Lesseru in Eldoret and Amosing in Lokichar that will be used by trucks moving the crude oil from the oil fields of Turkana to Mombasa for export.

    The Kenya National Highway. . .

  • Kenya amis for early oil exports by 2017: minister

    Posted on :Wednesday , 26th October 2016

     Kenyan finance minister Henry Rotich said Tuesday the initial exportation of 2,000 barrels of crude oil from Kenya in January 2017 would be an initial stage until the country completes the construction of an oil pipeline.

     
    "We plan to do an early oil export," the Cabinet Secretary told a news conference in Nairobi, during the launch of an Internationa. . .

  • The race for oil and gas in Africa

    Posted on :Tuesday , 25th October 2016

     Africa is home to some of the world's fastest-growing economies, with many of them relying on oil for foreign exchange.

     
    It is estimated that 57 percent of Africa's export earnings come from hydrocarbons. Proven oil reserves have grown by almost 150 percent, increasing from 53.4 billion barrels since 1980, to 130.3 billion barrels by the end of 2012. 
  • East Africa is world’s new oil hotspot

    Posted on :Monday , 24th October 2016

    East Africa is fast becoming one of the world’s most interesting oil and gas hotspots. Tullow Oil is a UK oil and gas exploration and production company, which has been on investors’ lips since the late 1980s. Today, they focus on finding and monetising oil in Africa. Recently, Tullow, Africa Oil and Maersk Oil have been drilling for and finding oil in the neglected northwest region. . .

  • How investing natural heritage can benefit African countries

    Posted on :Friday , 21st October 2016

     From the Democratic Republic of the Congo (DRC)’s Virunga National Park, to Botswana’s Okavango Delta, to Zimbabwe’s Mana Pools and Tanzania’s Selous Game Reserve, wondrous diversity and natural value make Africa’s natural heritage the envy of the world. Yet research by WWF in 2015 shows that 61 per cent of Africa’s natural World Heritage sites are thre. . .

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