GGC increases capacity to process more gas

The Ghana Gas Company says it is upgrading its infrastructure to enhance the capacity to receive all the gas from the Jubilee Field for processing.

The development is expected to help improve the country’s current energy challenge.

Speaking to Joy Business about concerns that excess gas may have to be flared due to the lack of capacity, Chief Executive Dr. George Sipa Yankey differed.

He emphasized that Ghana Gas has more capacity t.... Read more »

Posted on : Saturday , 26th September 2015

Uganda, China Sign Deal to Boost Mining Sector

The Uganda Chamber of Minerals and Petroleum (UCMP) has signed a cooperation agreement with a Chinese province to help boost the budding mining sector.

According to the UCMP vice chairman, Mr Richard Kaijuka, the chamber inked the deal with Shandong Provincial Bureau of Geology & Mineral Resources to invest in different areas of the mining sector in Uganda.

He said as a result, a national central mineral laboratory will be built, extensive mineral g.... Read more »

Posted on : Saturday , 26th September 2015

NATIONAL OIL CORPORATION CALLS FOR TENDERS FOR 3D SEISMIC OFFSHORE KENYA

The National Oil Corporation of Kenya has invited for 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.

According to NOC the multi-client surveys and studies are part of the preparation of an open licensing round tentatively scheduled for the year 2017 with a formal announcement on the date to be made by the Ministry of Energy and .... Read more »

Posted on : Friday , 25th September 2015

Mauritius vies with larger African neighbors to be continental hub

As Mauritius developed into one of Africa’s wealthiest and advanced nations, the island nation’s focus tended to be far beyond the shores of its home continent.

With sugar, textiles and financial services the mainstays of its economy, the country’s traditional trading partners have been Europe, India and the US.

In terms of Mauritian exports only two African nations — South Africa and Madagascar — registered in its top 10 p.... Read more »

Posted on : Friday , 25th September 2015

New African Development Bank President Adesina looking to mobilize $55B for energy projects on the continent

African Development Bank President Akinwumi Adesina, who took over this month, said he’s aiming to eliminate Africa’s energy deficit by 2025 by mobilizing $55 billion of investment.

Termed the “New Deal for Energy in Africa,” the continent’s largest development bank said the plan will significantly raise its support for energy projects and that its partners should also scale up efforts. The proposal also called for African countries to in.... Read more »

Posted on : Friday , 25th September 2015

Sub-Saharan Africa’s first metro is functional

 Sub-Saharan Africa’s first light rail system or metro was inaugurated in Addis Ababa last weekend, said the head of the Ethiopian Railways Corporation Getachew Betru