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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 $1 million (Sh100 million) loan from a European investment firm for onward lending to small businesses. The cash was loaned by the Regional Investment Fund for Micro, Small and Medium Enterprises in sub-Saharan Africa (Regmifa), a Luxemburg-based fund that invests in small lenders in sub-Saharan Africa.
Posted on : Monday , 31st August 2015
Posted on : Monday , 31st August 2015
LG Electronics has announced it will expand its branch network in the eastern African region to improve the availability of its products and services for a growing client base.
Posted on : Monday , 31st August 2015
The Standard Gauge Railway in Kenya which is being constructed by China Road and Bridge Corporation is almost complete; this is according to the external manager Julius Ling.
Posted on : Monday , 31st August 2015
Uganda’s 600MW Karuma hydropower plant is set to commence the construction of transmission power lines; this is after intec – GOPA-International Energy, a German energy consulting company agreed on a US$ 6.3m consultancy services contract.
Posted on : Monday , 31st August 2015
The Kenya Electricity Generating Company, KenGen scored a double win at the inaugural East African Power Industry Awards in Nairobi on Thursday evening when the utility won the Outstanding Clean Power Award and also took top place in the Excellence in Power Generation category.
Posted on : Monday , 31st August 2015
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Each year, many Kenyans graduate from a college or university. Yet many graduates are unable find a job in the country after finishing their studies. The reason: large numbers of young Kenyans are already unemployed.
Posted on : Monday , 31st August 2015
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