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Perth – Mineral sands miner Base Resources was hunting for acquisition opportunities as it neared the completion of a production optimsiation programme at its $310-million Kwale mineral sands project, in Kenya. Speaking on the third day of the Africa Downunder conference, Base MD Tim Carstens said the company was making good progress in refinancing current debt obligations to better suit the current price environment. “We are pursuing a refinancing of the current d.... Read more »
Posted on : Friday , 4th September 2015
Rwanda’s beverage firm Bralirwa has secured a US$25mn loan from the International Finance Corporation (IFC) for maize production.
Posted on : Friday , 4th September 2015
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East Africa is emerging as a trade hub to rival sub-Saharan Africa’s two heavyweight states of South Africa and Nigeria, according to analysis by Barclays published on Thursday.
Posted on : Friday , 4th September 2015
The construction of a new mega modern engine factory in Ethiopia has commenced. The Ethiopian government is constructing a new engine factory that can manufacture different types of engines.
Posted on : Friday , 4th September 2015
A tender for the construction of the US$ 4bn Kenya-Uganda pipeline that is expected to cover 1,500km is set to be announced before the end of this year.
Posted on : Friday , 4th September 2015
PRELIMINARY designs on the planned relocation of the Kipevu oil terminal in Mombasa are being finalised to pave way for the tendering process, Kenya Ports Authority managing director Gichiri Ndua has said.
Posted on : Friday , 4th September 2015
As east Africa’s energy demands continue to raise, regional countries are looking to formulate a comprehensive policy on energy security and ease the conditions for investors in the sector. Speaking Monday at a meeting on policy framework in Kigali, Antonio Pedro the United Nations Economic Commission for Africa (UNECA), country director, said the absence of the policy has made countries lose out on opportunities and position themselves to benefit from regional trading.
<.... Read more »Posted on : Friday , 4th September 2015
Ghana is actively exploring opportunities to woo investors and partners to develop and advance 'made in Ghana' products.
Posted on : Friday , 4th September 2015
Zimbabwe's sole ammonium nitrate producer, Sable Chemical is targeting to raise annual production by 50 percent next year after securing a $24 million loan from the African Export and Import Bank, an official has said. The company is currently producing 8 500 tonnes per month, which translates to about 102 000 tonnes per year. But production is expected to progressively increase to 150 000 tonnes next year before reaching 200 000 tonnes a year later, Chemplex Corporation chief execu.... Read more »
Posted on : Friday , 4th September 2015
Ethiopia's opal industry currently generates around 25 million USD a year.
Posted on : Friday , 4th September 2015
GenKey, a leading provider of end-to-end solutions for securing identity in Elections and Healthcare,announces that it will supply its Healthcare Solution to the National Hospital Insurance Fund (NHIF)of Kenya. The solution consists of an electronic healthcare information management system,including a biometric smart card solution for member registration, biometric deduplication, identification and verification; a healthcare management system for generating electronic claims a.... Read more »
Posted on : Thursday , 3rd September 2015
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Kenya and the United Nations International Fund for Agricultural Development (IFAD) have signed an agreement to finance smallholder farmers in Kenya.
Posted on : Thursday , 3rd September 2015
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