AVM Africa to Assemble and Manufacture Tractors in 2016

ZIMBABWEAN coach assembler AVM Africa says it will venture into assembling and manufacturing tractors in 2016 starting with 400 units. CEO Musanhi said this followed a partnership with a local company owned by the Zimbabwe National Liberation War Veterans' Association (ZNLWVA), which is set to sign a billion-dollar agreement with a Chinese firm to set up a plant in Zimbabwe. Musanhi said the 400 units will be the first of more to follow. "We will be the first in Zimbabwe.... Read more »

Posted on : Friday , 4th December 2015

Kenya's Exports to Go Up By Sh10 Billion

Kenya's manufacturing sector is set to get a new growth stimulus when an Africa-wide trade pact that could provide access to a big market is implemented.   In June, African leaders signed a 26-nation pact -- the Tripartite Free Trade Agreement (TFTA) -- to create a common market covering half of the continent.   As the regional trade integration agenda is implemented, Kenya is expected to cash in on the combined GDP of over $1-trillion in the new bloc.   "The.... Read more »

Posted on : Friday , 4th December 2015

Construction Of The Julius Neyerere International Airport New Terminal Reaches 65% Completion

Duth Contractor BAM International (BAM) has recently announced that construction works of the new Terminal 3 at the Julius Neyerere International Airport (JNIA) have so far reached a completion of 65%. The license to start the construction of the new EUR 100 million terminal, was awarded by Tanzania Airport Authority (TAA) in November, 2015 and follows rehabilitation works of the Terminal 2 whose project was awarded between 2005 and 2006 for a total commitment of EUR 130 million..... Read more »

Posted on : Friday , 4th December 2015

Hydrocarbon Exploration Undertaken At Lake Tanganyika North Block With Airborne Gradiometry Surveys

Tanzania Petroleum Development Corporation (TPDC) has recently announced the undertaking of Airborne Gravity Gradiometry Surveys (AGGS) on Lake Tanganyika North Block, aiming at acquiring high resolution gravity and magnetic data to map the geology of the framework’s subsurface. The AGGS is being fully funded by TPDC’s Development Fund and mapping activities will last until January, 2016 over the districts of Kigoma Rural, Kigoma, Ujiji, Uvinza, and Mpanda which.... Read more »

Posted on : Friday , 4th December 2015

Tanzania: Scottish Expert Tips TZ on Natural Gas Benefits

Dar es Salaam — A Scottish international consultant in oil and gas, Mr Gordon McIntosh, urged Tanzania yesterday to refrain from the allure of depending on multinationals in the building of supporting infrastructure for natural gas investments.   Mr McIntosh, who doubles as director of Aberdeen City Council, told The Citizen yesterday that Tanzania needs to build its own supporting social service and economic infrastructure like roads, storage facilities, health centres.... Read more »

Posted on : Friday , 4th December 2015

Ghana Gas Resumes Supply to VRA

The Volta River Authority (VRA) has resumed gas offtake from Ghana Gas following a "successful tie-in to the VRA main gas pipeline," a statement issued by Ghana Gas indicates. The press release signed by Corporate Communications Officer, Alfred Ogbamey, states that the VRA is expected to now generate 600MW of power to be integrated into the national grid in order to improve the power situation.   It will be recalled that the VRA requested Ghana Gas to suspend supply.... Read more »

Posted on : Friday , 4th December 2015

Financing secured for Africa’s New Solar Power project Inhitiative

 The Overseas Private Investment Corporation (OPIC) has signed an agreement with SolarReserve and ACWA Power to support the development of solar power in South Africa Redstone Solar SolarReserveThe project will be able to deliver stable electricity supply even after sunset.  According to the agreement, OPIC is making a US$400mn commitment of debt financing to support the development of the Redstone Concentrating Solar Power (CSP) project in Northern Cape, South.... Read more »

Posted on : Friday , 4th December 2015

DNV GL mapping wind potential in Africa

 DNV GL has created prelimary wind atlases for Zambia, Tanzania and Maldives as part of a World Bank-funded energy management programme to encourage wind energy generation  windenergy blickpixel pixabayThrough maps, DNV GL can provide investors with verifiable and tangible information on wind energy potential in the three African nations.  The Energy Sector Management Assistance Programme (ESMAP) aims to reveal the extent of wind energy production potential in the.... Read more »

Posted on : Friday , 4th December 2015

Isolux Corsan and Siemens to install HVDC equipment in East Africa

 Spanish energy solutions firm Isolux Corsan has been chosen to design, build and install high voltage direct current (HVDC) equipment between Ethiopia and Kenya for US$450mn highvoltageline succo pixabayThe HVDC will provide a stable power connection to electrical grids in both countries.  Isolux Corsan is working in collaboration with German company Siemens to provide a reliable power connection to electrical grids in both countries and improve the use of generation.... Read more »

Posted on : Friday , 4th December 2015

East Africa Emerging as Hot-Bed for Energy Related Investments

East Africa is emerging as a hotbed for energy related investments not only for its robust economic growth, but also for its potential to become one of the largest producers and exporters of oil and natural gas in the world. Countries like Tanzania, Kenya, Ethiopia, and Rwanda – which have traditionally depended on biomass to meet most of their energy requirements – are gradually shifting to modern energy sources to meet the growing demands of the expanding urban.... Read more »

Posted on : Thursday , 3rd December 2015

Yara Gets New Partner for Dallol Project in Ethiopia

Liberty Metals & Mining Holdings, LLC, a subsidiary of Boston-based Liberty Mutual Insurance (LMM), has acquired 25 percent of the shares in “Yara Dallol” for USD 51.25 million. Yara’s share of the proceeds is USD 35.4 million. Yara Dallol is a project looking at extracting potash in the Danakil depression in North-Eastern Ethiopia. The site’s annual production capacity is confirmed to be 600,000 metric tons Sulphate of potash over a 23-year.... Read more »

Posted on : Thursday , 3rd December 2015

Russia offers loan for nuclear power plant construction in Africa

 Russia has agreed to fund the first ever nuclear power plant in Egypt by extending a loan of $25b towards the construction of the plant. The nuclear power plant in Egypt is being constructed by Rosatom Russia’s state owned company.   This will be one of the largest project being funded by Russia. Upon completion the construction project is expected to help meet the country’s increasing energy demand.   The loan comes as part of the agreement reached by.... Read more »

Posted on : Thursday , 3rd December 2015