East Africa’s economic powerhouse Kenya is expected to see economic growth and improved foreign direct inflows, a leading analyst has predicted.
Posted on : Saturday , 7th November 2015
Kibo Mining‘s (LON:KIBO) focus is now to complete the financing for its Mbeya coal to power project in Tanzania, it said today.
The group has signed a joint development agreement with Chinese firm SEPCO and during the quarter completed a pre-feasibility study on the mining component.
“With the most important strategic elements now in place for the MCCP, Kibo is now focusing its entire effort on achieving financial closure for this world clas.... Read more »
Posted on : Saturday , 7th November 2015
“We’ve had a tremendous amount of success,” says Davis.
“We’ve drilled 400,000 metres. We’ve completed a full bankable feasibility study, and we did a full environmental impact assessment in 2013. Since that time it’s been all about the permitting.”
In some respect that’s been a slow process, but with the government on board as a participating equity partner, the ultimate outcome was never really in .... Read more »
Posted on : Saturday , 7th November 2015
The National Union of Mineworkers (NUM) today signed a collective agreement with Two Rivers Platinum Mine that will result in the speedy implementation of an Employee Share Ownership Plan (ESOP) aimed at attracting and retaining employees, and fulfil the employer's employment obligations to its employees in terms of the Mining Charter. The agreement was signed at the African Rainbow Minerals (ARM) Head Office in Johannesburg.
Posted on : Saturday , 7th November 2015
Abuja — Mobile networks are poised to benefit from a new non-equity partnership two operators have established to cover Nigeria and Benin.
Posted on : Saturday , 7th November 2015
Nairobi Governor Evans Kidero yesterday announced City Hall will complete tarmacking the road linking Kangundo road to the Eastern bypass in a few months.
Posted on : Saturday , 7th November 2015
Cement maker ARM Group has rolled out a new a technology in a bid to reduce the cost of construction.
Posted on : Saturday , 7th November 2015
El Riyadh — On Tuesday, Saudi Arabia signed four agreements on the funding of Sudanese dam, electricity and agricultural projects.
Posted on : Saturday , 7th November 2015
The National Construction Authority (NCA) has proposed that construction works for buildings above three floors be done using pre-mixed concrete delivered on site by licensed subcontractors.
Posted on : Saturday , 7th November 2015
Access to African markets is a key driver in the planned mega-merger of brewing giants SAB Miller and AB InBev, according to industry insiders.
The planned $106 billion acquisition of SABMiller by AB InBev will be the third largest M&A transaction in history, and will give the merged entity control over around one third of global beer sales.
While AB InBev has a very small footprint in the continent, SABMiller currently sells around 40 beer b.... Read more »
Posted on : Saturday , 7th November 2015
Sappi concluded the sale of its Enstra Mill near Johannesburg. The mill was transferred on 2 November 2015 to the new owners, Corruseal. The sale is not categorisable in terms of section 9.5 of the JSE Listings Requirements. The production of Sappi’s much loved Typek copy paper has moved to Sappi Stanger Mill in KwaZulu-Natal.
The agreement with Corruseal regarding Enstra Mill includes the recycled container board and kraft papers business produced on PM6, as we.... Read more »
Posted on : Saturday , 7th November 2015
Chase Bank and the French Development Agency have signed a US$ 10.8m loan to finance renewable energy projects in Kenya.
Chase Bank Chief Executive Paul Njaga confirmed the reports and said that the money will be lent to businesses that want to invest in renewable energy technologies projects such as small hydro, biomass, biogas, solar, geothermal and other energy efficient measures.
“This is a 12-year facility and will therefore address long term.... Read more »
Posted on : Friday , 6th November 2015
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