IMX Advances Tanzania Graphite Spin-Out, Listing Planned For May

ASX-listed IMX Resources on Wednesday unveiled plans to spin out its Chilalo graphite project, in Tanzania, through a transaction with its subsidiary Graphex Mining.   IMX told shareholders that the company had entered a sale and purchase agreement with Graphex Mining for all of its graphite assets, including the Chilalo project.   Under the terms of the sales agreement, IMX would receive a cash payment of A$1-million and a further 16.45-million shares in.... Read more »

Posted on : Thursday , 17th March 2016

U.S.$2.5 Million Renewable Energy Project Launched by Icipe in Kenya

Nairobi — The International Centre of Insect Physiology and Ecology (icipe), has embarked on a project to create a sustainable energy supply which will lead to a reduction in the diesel fuel it uses.   Funded by the Swiss Agency for Development and Cooperation (SDC), to the tune of US$ 2.5 million (Sh254M), the scheme is part of the Greening of icipe Initiative.   In addition to renewable energy, the initiative includes energy saving and water conservation.... Read more »

Posted on : Wednesday , 16th March 2016

R5 Billion Solar Plant Opens in South Africa

Pretoria — The R5 billion Bokpoort concentrated solar plant (CSP) has officially been launched in Groblershoop, Northern Cape.   Trade and Industry Minister Rob Davies welcomed the major investment by ACWA Power, a Saudi Arabian company.   "[The] project instils confidence in government's long term infrastructure roll out, providing energy access, contributing to economic, community and sustainable development," he said at the launch of the plant on.... Read more »

Posted on : Wednesday , 16th March 2016

Kenya: Design for New Mombasa Bridge Construction Begins

Nairobi — The government through the Ministry of Transport and Infrastructure has kicked off the design for the construction of the Mombasa Gate Bridge.   The Ministry says the Survey team arrived on Monday to start their work, of which the first phase will be conducted until July this year while the second phase will go up to February 2017.   "The design study commences on 14th March, 2016 and the final report and designs will be ready by end of March.... Read more »

Posted on : Wednesday , 16th March 2016

Zimbabwe to Focus on Solar Energy As Drought Hits Hydropower

Mutare, Zimbabwe — Zimbabwe is pushing forward with plans to build four new solar power plants, amid a drought that has battered its ability to generate hydroelectricity.   Severe dry conditions - linked to the El Niño weather phenomenon bringing extreme weather around the world - are affecting big and small producers of hydropower alike.   Phillip Muwungani of Chipendeke village, 70 km southeast of Mutare city, said his community's vision of producing its.... Read more »

Posted on : Tuesday , 15th March 2016

Kinshasa: Congo Shelves New Mining Tax Law

AFRICA's largest copper producer, the Democratic Republic of Congo (DRC) has reportedly suspended consideration for a new mining tax law until the prices of the metal improve.   According to international media, the DRC government says it suspended the consideration of the mining code awaiting recovery of the prices on the international market.   "We have said that reform is suspended and we are going to continue when the context allows it," Mines minister.... Read more »

Posted on : Tuesday , 15th March 2016

Switzerland, Italy and Denmark to Assist Malawi On Energy and Food Security

Lilongwe — New Switzerland Ambassador to Malawi, Ruth Huber Thursday said her focus to the country will be to assist the nation to have improved energy sector and be food secured.   After presenting letters of credence to President Prof. Peter Mutharika, Huber said Switzerland and Malawi have had a mutual bilateral relationship for about 15 years now.   She said as one way of strengthening the friendship, she will also join hands with the Malawi government in.... Read more »

Posted on : Tuesday , 15th March 2016

Oil Firm Puma Energy Expands Operations in Zimbabwe

GLOBAL oil company Puma Energy, which has over the past few years aggresively pushed into the competitive Zimbabwean fuel market, plans to expand its operations further into sub-Saharan Africa as it seeks growth opportunities in the region.   Having entered the African market in 2002, Puma is now recognised as the fastest growing midstream and downstream oil provider on the continent.   Since then, Puma has invested over US$2 billion in Africa and last year alone added.... Read more »

Posted on : Tuesday , 15th March 2016

Six New Solar Power Plants to be Commissioned in Algeria

Adrar — Six new solar power plants with a total capacity of 48 megawatts (MW) have been commissioned in the province of Adrar (1543-km south of Algiers), said Thursday the provincial director of the national electricity and gas company (SONELGAZ), Abdelhak Chaabane.   These facilities comprise a central power plant in the city of Adrar (20 MW), three power plants south of the province, in the communes of Zaouiet Kounta (6 MW), Reggane and Aoulef (5 MW each), and two.... Read more »

Posted on : Tuesday , 15th March 2016

Kenya Maritime Authority: Maritime Policy To Boost Trade

Kenya Maritime Authority (KMA) is implementing a maritime policy to boost investment in the sector. KMA, which regulates the maritime sector, noted that the policy would enable the agency address the recent discoveries and expected exploitation of offshore oil and gas. With the discoveries, this is expected to raise the volumes of cargo and put pressure on the development of ports and auxiliary infrastructure.   KMA Acting Director General Cosmas Cherop said the construction of.... Read more »

Posted on : Monday , 14th March 2016

TANZANIA-UGANDA PIPELINE WORKS TO START IN AUGUST

Construction of the long-awaited Tanzania-Uganda crude oil pipeline is expected to start in August this year, and will be completed in 2019.   James Mataragio, Tanzania Petroleum Development Corporation (TPDC) Executive Director said last week the $4 billion project will speed up the socioeconomic development between the two East African nations.   Sources say theTanzanian and Ugandan Presidents approved the project ahead of the just concluded 17th EAC Summit in.... Read more »

Posted on : Monday , 14th March 2016

9000 Kenyan Farmers Sign Deal with Bidco to Supply Soya Beans

Edible fats and oils manufacturer Bidco Africa has signed a contract with 9,000 small-scale farmers in Meru County for the supply of soya beans and sunflower seeds as it seeks to boost its production.   Under the terms of the agreement Bidco said it will promptly pay upon delivery the farmers' produce at competitive prices.   Bidco CEO Vimal Shah described the deal as momentous as it bolstered Bidco's mission of inclusive growth along the entire oil value.... Read more »

Posted on : Monday , 14th March 2016