Intra-African trade increased by 50 per cent to $61 billion between 2010 and 2013, according to recent data released by the African Development Bank.
Posted on : Tuesday , 1st September 2015
Namibia’s Information and Communication Technology Minister Tjekero Tweya and South Africa’s Communications Minister Faith Muthambi this week formulated a coordination arrangement regarding the countries’ respective digital terrestrial television migration projects. Print Send to Friend The cooperation and coordination arrangement would see a joint task team established to mitigate the potential cross border interference between the two countries and enhance .... Read more »
Posted on : Tuesday , 1st September 2015
Kenya expects 20 companies to start investing about 8 billion shillings ($80 million) immediately in the African nation's textiles industry after the renewal of a deal offering access to the U.S. market, its industrialisation minister said.
Posted on : Tuesday , 1st September 2015
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Electricity construction project in Sudan has received a boost after a US$ 200m contract was signed with the East Sudan Development Fund and the companies which won the implementation tender that will be used in the generation of electricity in East Sudan region.
Posted on : Tuesday , 1st September 2015
The constructed 650MW gas power plant in Egypt has started going online in just 159 days after its ground breaking ceremony.
Posted on : Tuesday , 1st September 2015
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Eni has made a world class supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt. The discovery could hold a potential of 30 trillion cubic feet of lean gas in place covering an area of about 100 sq kms. Zohr is the largest gas discovery ever made in Egypt and in the Mediterranean Sea. Eni will immediately appraise the field with the aim of accelerating a fast track development of the discovery that will utilise at best the existing offshore and onshore in.... Read more »
Posted on : Tuesday , 1st September 2015
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Production from the Kiliwani North Field could start in 2015 with the Tanzanian authorities having advised that production should start within Q3 2015 now that the main pipeline has been pressure tested and with the Gas Agreement expected to be signed this quarter.
Posted on : Tuesday , 1st September 2015
Australian explorer focusing on the East African Rift System Swala Energy has announced that the Tanzanian Ministry of Energy and Mining (MEM) has agreed to extend the period within which an exploration well must be drilled in each of the Kilosa Kilombero and Pangani licences in Tanzania to the 20th February 2017.
Posted on : Tuesday , 1st September 2015
East African countries may soon emerge as global leaders in green energy, if efforts put by the various governments to exploit sources of renewable energy are attained.
Posted on : Monday , 31st August 2015
A boom in construction and foreign exchange gains has helped Bamburi Cement’s net profit almost double for the six months to June. The cement manufacturer reported an 86 per cent leap in net profits to Sh3 billion, with the management projecting an even better second half.
Posted on : Monday , 31st August 2015
Sumac Microfinance Bank has secured a $1 million (Sh100 million) loan from a European investment firm for onward lending to small businesses. The cash was loaned by the Regional Investment Fund for Micro, Small and Medium Enterprises in sub-Saharan Africa (Regmifa), a Luxemburg-based fund that invests in small lenders in sub-Saharan Africa.
Posted on : Monday , 31st August 2015
Posted on : Monday , 31st August 2015
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