Mega International airport in Ethiopia to be constructed

Plans are underway for  the construction of a mega International airport in Ethiopia, the Ethiopian Airports Enterprise has announced. The Ethiopian Minister of Transport, Workneh Gebeyehu confirmed the reports and said that Ethiopia is to break the ground for a new mega hub airport in the vicinity of Addis Ababa. “The new mega hub will move the aviation industry in Ethiopia to a higher level. It will make Addis Ababa the aviation hub of Africa. The new airport will.... Read more »

Posted on : Tuesday , 29th September 2015

Sierra Cables PLC to construct cable manufacturing factory in Kenya

Sierra Cables PLC is set to construct a cable manufacturing factory in Kenya in a bid to cater for increasing power generation projects in East Africa. The Sri Lankan company  announced that it will partner with a Kenyan strategic partner to construct the cable manufacturing factory in Kenya. Sierra Cables PLC settled on this construction project after completing a feasibility study on developing a cable manufacturing plant in Nairobi. The entry of the cable manufacturing.... Read more »

Posted on : Tuesday , 29th September 2015

East Africa: Eaton Roots for Storage of Power Generated From Renewable Sources

Power management firm Eaton is calling for adoption and use of renewable energy storage technologies in Africa as uptake of alternative energy and power rises in the continent. During the recent East Africa Power Industry Convention (EAPIC) in Nairobi, Louis Shaffer, Eaton's Distributed Energy Segment Manager for Europe, Middle East and Africa Region noted that renewable energy was a major theme at the 3-day event. EAPIC is an annual industry event for the power and utility.... Read more »

Posted on : Tuesday , 29th September 2015

Kenya: Firms in Rush to Obey Energy Audit Directive

Industries and large institutions are in a race to comply with a directive to carry out energy audits ahead of today's statutory deadline. The Energy Management Regulations 2012 published by the Energy Regulatory Commission require consumers of more than 180,000 units of electricity per year to carry out audits every three years. They target saving of at least 30 per cent per institution within the three years to reduce electricity expenses, especially for industries, which will.... Read more »

Posted on : Tuesday , 29th September 2015

East Africa: Gas for Electricity

In a move to end power outages, Tanzania Electric Supply Company (Tanesco) is switching from hydroelectric power and diesel to gas for electricity generation for power generation. This is being achieved through a government investment of Tsh2.5 trillion ($1.25 billion). The funding is part of Tsh8 trillion ($4 billion) to be spent on power generation projects. Key targets are big investment ventures including industries, tourist hotels and homes. According to Tanesco managing.... Read more »

Posted on : Tuesday , 29th September 2015

Kenya: President Strikes Multi-Billion Investment Deals With U.S. Firms

Kenya has secured commitments amounting to billions of shillings from American companies to increase power production and finance infrastructure projects. Some of these projects have already been initiated. President Uhuru Kenyatta said the commitments were secured during a morning meeting with the American companies under the umbrella Business Council for International Understanding (BCIU). He said Africa was the continent in focus for investors and Kenya must use its.... Read more »

Posted on : Tuesday , 29th September 2015

Crown Paints unveils new paint products

The lead manufacturer of paints, Crown Berger Kenya has unveiled  new products to bring in the fast and ever growing technology improvements in construction industry. One of the products launched is a colour mobile application for efficient products and service delivery.The first product is a water repellant paint referred to as the ultra guard silicone paint. One of its unique features is that it can withstand extreme weather conditions, combines a self-cleaning characteristic.... Read more »

Posted on : Monday , 28th September 2015

SGR construction expanded to Naivasha

China Road and Bridge Corporation (CRBC) in conjunction with Kenya Railways Corporation have entered into an agreement to expand the Standard Gauge Railway line. The railway line that is being built from Mombasa to Nairobi will be extended to Naivasha town, some kilometers away from Nairobi. The commercial treaty will give way for construction of phase two of the SGR project connecting Olkaria industrial park in Naivasha to Nairobi and the port of Mombasa to ease flow of.... Read more »

Posted on : Monday , 28th September 2015

Ethiopian Government to Encourage Foreign Investment in Mining

Ethiopia government has promised a “bright future” for foreign investors in the country’s mining sector. Ethiopian Minister of Mines Tolesa Shagi on Friday called on development partners to join the country’s efforts in boosting the mining sector development for mutual benefit. Speaking at a two-day international mining conference in Addis Ababa, the minister explained Ethiopia’s mineral and petroleum potentials as well as development achievements.... Read more »

Posted on : Monday , 28th September 2015

Call for full exploitation of East Africa’s rice market

A Tanzania Private Sector Foundation (TPSF) consultant, Dr Halima Noor, told a news conference during a high level policy dialogue for rice value chain stakeholders that Tanzania was not utilising her potential in producing and selling rice in East Africa. "Something should be done now in this important rice sub sector," she said in Dar es Salaam over the weekend. Tasked by TPSF, Dr Noor presented a paper titled 'A Policy Scoping Study on Improving Rice Exports to the EAC.... Read more »

Posted on : Monday , 28th September 2015

NOCK Soliciting Multi-Client Seismic Job

Kenya’s state-run oil and gas company, National Oil Corp. Kenya (NOCK) has invited Expressions of Interest (EOI) from eligible companies to acquire a multi-client 3D broadband seismic survey including processing over the shallow waters of the offshore Lamu basin, Kenya. The multi-client surveys and studies are part of the preparation for an open licensing round tentatively scheduled for the year 2017. A formal announcement on the date from the Ministry of Energy and.... Read more »

Posted on : Monday , 28th September 2015

UNDERWRITING AFRICA LAUNCHES IN NAIROBI WITH PRODUCTS TARGETING UPSTREAM SECTOR

East Africa has its first boutique Insurance Intermediary Company set up to provide niche and specialist insurance solutions to oil and gas exploration firms and their contractors. Underwriting Africa whose headquarters are based in Nairobi has among its Reinsurance Partners Swiss Re with other brokerage partners in London and Paris. On the oil and gas front the company will fill a gap that has been void in the local space allowing the importation of specialized insurance.... Read more »

Posted on : Monday , 28th September 2015