East Africa is world’s new oil hotspot

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 of Turkana in Kenya. Out of a total land mass of 77,000 square km, Government of Kenya has.... Read more »

Posted on : Monday , 24th October 2016

Senegal in renewables drive as new solar park unveiled

 Senegal put into service one of sub-Saharan Africa's largest solar energy projects Saturday as it pushes to become a regional player in renewables on a continent where the majority remain off-grid.   The 20-megawatt Senergy 2 project in Bokhol, close to the Mauritanian border, will serve 160,000 people with electricity, and will contribute to Senegal's target of serving 20 percent of its energy needs with renewables by the end of 2017.   "Without energy there.... Read more »

Posted on : Monday , 24th October 2016

Tanzania: Sh6 Trillion Coal, Iron Ore Projects Hit Snag

 Dar es Salaam — The $2.7 billion (about Sh6 trillion) Mchuchuma coal and Liganga iron-ore mining projects in the southern highland zone may delay further as investors await the government's decision to offer incentives, BusinessWeek has learnt.   The Energy and Minerals Deputy Minister, Mr Medrard Kalemani said in parliament in May this year that the project - which is being l bankrolled by Sichuan Hongda Group of China in partnership with the state-owned National.... Read more »

Posted on : Monday , 24th October 2016

Tanzania: Modern Map Equipment Expected to Reduce Land Conflicts

 Singita Grumeti has donated a plotter machine worth 8.7 ml- that is expected to help in solving land conflicts in the wildlife-rich district of Serengeti in Mara Region.   The plotter machine which produces colored maps will also help the speed up on the on-going exercise made by Serengeti district council to introduce land use plans in villages.   Singita Grumeti Relationship Manager, Mr Amis Seki handed over the modern machine to the Serengeti district council on.... Read more »

Posted on : Monday , 24th October 2016

Mediheal Group of hospitals to open liver clinic in Nairobi, Eldoret and Nakuru

 The Mediheal Group of hospitals will open three liver clinics in Kenya after signing a partnership with India's Yashoda Institute of Liver Transplant and Hepatobiliary Diseases.   The clinics will be located in Nairobi, Eldoret and Nakuru towns.   The partnership with Yashoda Hospital will bolster care and management for liver patients, while encouraging foreign investment in Kenya's medical sector.   The deal will see the hospital sink Sh250,000,000 in.... Read more »

Posted on : Monday , 24th October 2016

Kenyan farmers on journey to promote sustainable farming

 At a time of food shortage and price shocks, 30 farmers are on a cross-country mission to promote the virtues of healthy, sustainable, profitable farming.   Kenya, just like the rest of the African continent, is reeling from the effects of climate change. The environment is damaged, there are increased incidents of drought and the problem is compounded by an upcoming La Niña that the Kenya meteorological services recently forecast; La Niña is likely to cause.... Read more »

Posted on : Monday , 24th October 2016

Kenya needs Sh1.7tr in investments a year to hit 10pc growth

 Kenya requires investments worth Sh1.7 trillion a year over the next 14 years to attain its target growth rates of over 10 per cent. This is equivalent to 32 per cent of the current gross domestic product each year. According to Kenya Private Sector Alliance (Kepsa) Director Nick Nesbitt, these funds should be channelled into key productive sectors, such as agribusiness and infrastructural development, for maximum impact. Mr Nesbitt was speaking during the recently concluded.... Read more »

Posted on : Monday , 24th October 2016

Swaffham’s STG Aerospace signs deal with African airline

 Swaffham-based STG Aerospace has sealed a deal with an airline which is its first LED lighting customer in Africa. STG, the market leader in LED cabin lighting solutions has just been awarded a purchase order with South African regional feeder airline Airlink. The first installations are due to be finished this month with Airlink becoming the 12th airline to use the lighting solution. Airlink provides the widest network and choice of flights within South Africa. Marcus.... Read more »

Posted on : Friday , 21st October 2016

Omron launches new industrial robots in SA

 South Africa is one of 39 countries globally to benefit from Omron’s worldwide launch of 49 new. The robots are integrated with Omron’s family of sensors, safety components and award-winning NX/NJ series machine automation controllers to simplify the implementation of robots in a production environment.   The company says these flexible and agile new solutions are ideally-suited to the local food and beverage, automotive and high technology.... Read more »

Posted on : Friday , 21st October 2016

How investing natural heritage can benefit African countries

 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 threatened by concessions or activity by the extractives sector – oil, gas or.... Read more »

Posted on : Friday , 21st October 2016

SA’s oldest coffee roastery releases new-look packaging

 MASTERTONS Coffee and Tea Specialists are a Port Elizabeth-based speciality coffee roastery and have been pioneers in the roasting and blending of top-quality coffee since 1924.   This makes them one of the oldest, if not the oldest, coffee roasteries in South Africa! Providing a personalised service, they supply a large range of freshly roasted coffee blends and speciality grade single-origin coffees, among numerous other awesome products, to the hospitality and retail.... Read more »

Posted on : Friday , 21st October 2016

Amaya Capital commits $300m in electricity generation

 Amaya Capital, the African-focused principal investment firm, has announced an equity commitment of over $300 million in power generation platform.   The new investment follows the acquisition by growth markets investor, Actis of American Capital Energy & Infrastructure’s stake in Azura Power Holdings Limited (Azura).   The company said in a media statement that this transaction and the consequent expansion of Azura’s capital base, allows the.... Read more »

Posted on : Friday , 21st October 2016