Awad, who met his Turkish counterpart Ali Riza Alaboyun on the sidelines of the 8th International Energy Congress in Ankara on Friday, pointed to the multiple investment opportunities in Sudan’s oil industry.
He urged Turkey to enter into petroleum exploration and extraction in Sudan, pointing that Sudan has a comparative advantage in the area of renewable energy, particularly solar energy besides the oil and gas industry.
For his part, the Turkis.... Read more »
Posted on : Monday , 9th November 2015
Sunridge Gold shot up around 50% after it struck a US$65mln (C$85mln) cash deal to sell its majority stake in Asmara Mining, the joint venture company that owns the Asmara mine, in Eritrea.
Michael Hopley, Sunridge chief executive, highlighted that the proposed deal is at a premium valuation.
He added: “(it) equates to a significant premium to the present market value of Sunridge and under the continuing challenging market conditions for junior re.... Read more »
Posted on : Monday , 9th November 2015
The completion of a light rail construction project in Nigeria has been set for December 2016, Lagos State Governor Akinwunmi Ambode has announced. The governor said that once complete the light rail construction project in Nigeria will start operation immediately.
Posted on : Monday , 9th November 2015
Lekeka Power has signed a memorandum of Understanding for the construction of a wind power plant in Egypt.
Posted on : Monday , 9th November 2015
A consortium led by the German engineering group Siemens has won a contract to build a 1,000 kilometres high voltage power line linking Kenya and Ethiopia. The firm will partner with Spain’s Isolux Corsan to put up the line that will transmit 2,000 megawatts (Mw) hydropower from Ethiopia.
Posted on : Saturday , 7th November 2015
Muscling its way into the market is China’s Beiqi Foton Motor, which last year delivered over 10,000 vehicles to Africa and in March established a sales division in Kenya. It is busy finishing construction of a US$50-million assembly plant in Nairobi that it claims will have capacity for delivering 10,000 vehicles a year to the region.
Posted on : Saturday , 7th November 2015
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
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