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Tanzania: Agricultural Exports Rise Significantly

FOREIGN exchange earnings from agribusiness have registered substantial growth, thanks to the increase of export price and value of some agriculture products.

The increased flow of export earnings from agriculture is good news to the stability of the shilling that in recent months experienced sharp fall against the US dollars. Despite the growing demand for the US dollars from the importer demand, local currency has of late continued to strengthen due to.... Read more »

Posted on : Monday , 24th August 2015

Nigeria: Mahindra Expands Operations to Nigeria

Mahindra Two Wheelers Limited, a member of the Mahindra Group has expanded its business operation to Nigeria with the launched of its two wheeler range in the country. Mahindra Group is a $16.9 billion automotive global business.

The firm has also appointed M/s VIP Merchandise Enterprise Limited as its distributor for Mahindra two wheelers which includes the Mahindra Arro and the Centuro.

Speaking at the launch, Head Export.... Read more »

Posted on : Monday , 24th August 2015

Erin Energy Enters Next Phase Of Exploration In Kenya’s Block L1b And L16

The Kenyan Government has granted Erin Energy approval to enter the First Additional Exploration Period (FAEP) on its onshore blocks, L1B and L16.

This follows Erin Energy completion of the required work program for the Initial Exploration Period of the blocks earlier this year where it announced it had exercised its right, in accordance with the provisions of the Production Sharing Contracts, to apply for the FAEP and move to the next phase of exp.... Read more »

Posted on : Monday , 24th August 2015

Govt now owns 100 % shares in General Tyre.

The government has acquired 100 per cent stake in the defunct General Tyre East Africa (GTEA) in an effort to revamp the once model tyre manufacturing plant in East and Central Africa.

However, despite the previous arrangement that gave it the majority shareholder of 74 per cent with the German firm Continental Arktiengesellschaft (Continental AG) holding a 26 per cent stake, the firm failed to take off, igniting widespread anguish especially.... Read more »

Posted on : Saturday , 22nd August 2015

Caterpillar’s new improved series launched for the Arican market

Caterpillar has introduced the new F2-series range of machines – 422F2, 428F2, 432F2, 434F2 and 444F2 for the Middle East and Africa markets

Depending on the model, engine-power choices include 56.5 kW (76.8 hp), 68.5 kW (93hp), 70 kW (95 hp), or 74.5 kW (101 hp) configurations. There’s a marked improvement in hydraulic oil flow – 422F2 from 125 litres per minute to 132 l/min, 428F2 and 434F2 from 125 l/min to 160 l/min and the 432F2 and 444F2 from .... Read more »

Posted on : Saturday , 22nd August 2015

Dangote Cement : Yet another cement plant expansion in Africa

Nigerian businessman Aliko Dangote has announced plans to expand his company’s 1.5mn metric tonnes per annum (mmtpa) cement operations in Cameroon

In a meeting with Cameroon’s Prime Minister Philemon Yang, Dangote revealed that Dangote Cement is commissioning another cement production line in Yaounde, which will increase the company’s total cement output to more than three mmtpa. Dangote Group will invest about US$150mn to build t.... Read more »

Posted on : Saturday , 22nd August 2015

Portuguese firm Cimpor to expand presence in Africa

Cimentos de Moçambique, a subsidiary of Portuguese cement producer Cimpor, has announced plans to invest US$250mn in a new integrated cement plant in Nacala, Mozambique

The new facility is expected to start functioning from 2018. A statement issued by the company said, “The new capacity to be installed increases the efficiency of the response to local demand for cement, while Cimentos de Moçambique recognises its role in driving the sustainable ec.... Read more »

Posted on : Saturday , 22nd August 2015

Oil Exploration; Major firms ignore Uganda, rush for Mozambican oil fields

Mozambique announced closure of the Fifth Licensing round of 15 blocks with hydrocarbon potential in the offshore areas of Rovuma, Zambezi and Angoche, and the onshore areas of Pande-Temane and Palmeira on July 30, 2015.

Following a call for applicants that commenced in October 2014, the nation emerged from the Request for application process with seven successful applicants, from which, ‘Majors; Shell, ENI, TOTAL, Russian giant Gazprom and the world&rsqu.... Read more »

Posted on : Saturday , 22nd August 2015

First Gas Delivery To The New Transnational Pipeline Commence In Tanzania

Wentworth Resources has announced that gas deliveries have now commenced to the new transnational pipeline from the the Mnazi Bay joint venture in Tanzania.

Currently two wells are now producing and the remaining three wells will be put on production in the coming months according to the company.

“We are very pleased to announce that production from Mnazi Bay has now commenced and the Mnazi Bay joint venture is .... Read more »

Posted on : Friday , 21st August 2015

Ghana looks to nuclear to solve energy deficit

Ghana has taken an important step on the road to achieving nuclear power, passing the Ghana Nuclear Regulatory Bill

The bill, which is currently awaiting presidential assent before being officially signed into law, details the establishment of a regulatory authority to ensure the safe and responsible use of nuclear materials.

A number of relevant international conventions were also ratified by the legislation, including the Conv.... Read more »

Posted on : Friday , 21st August 2015

Uganda power company invests in smart meters

Uganda's retail power distributor Umeme Power Company is reported to be investing US$24mn in automated meter-reading technology that uses smart meters to help it curb energy losses among large commercial consumers

A smart meter records consumption of electric energy, relaying that information back to the company for monitoring and billing. It also allows for two-way communication between customers and the utility provider's server. The technology should .... Read more »

Posted on : Friday , 21st August 2015

Ford to begin assembly of Ranger pickup trucks in Nigeria

Ford Motor Company has announced that it will begin assembly of the Ford Ranger pickup truck in Nigeria from Q4 2015 as part of its expansion plans for the Middle East and Africa

The pickup will be assembled in Ikeja, situated in Lagos State. For the project, Ford is partnering with its dealer group Coscharis Motors, stated the company.

Ford Middle East and Africa president Jim Benintende said, “Assembling Ford Ranger trucks in Afric.... Read more »

Posted on : Friday , 21st August 2015

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