AFDB to fund construction of Egyptian Airport

 The Sharm El-Sheikh International airport has received US$140 million from the African Development Bank (AFDB) to facilitate its expansion project.   The expansion involves constructing a new terminal (terminal 3) and a runway in order to increase the passengers handling capacity by 10 to 18 million per year.   Sharm El- Shark International airport (formerly Ophira Airport) is located about 23KM northeast of the city of Sharm el –Sheikh in Egypt.   The.... Read more »

Posted on : Friday , 20th February 2015

Erhc Prepares For 1st Drilling In Kenya’s Block 11a

 Houston based explorer ERHC has said it is working on securing the requisite drilling rig for its first well in Block 11A even as it continues with studies to determine the location for drilling.   Already the company that is currently serving its first additional phase of exploration team is calculating volumetrics following the completion of 2D seismic mapping for identified prospects and leads in the Block, which will help determine the location of the first.... Read more »

Posted on : Friday , 20th February 2015

Egypt to build a nuclear power plant in partnership with Russia

 Egyptian president Abdel Fattah el-Sisi and his Russian counterpart Vladimir Putin have agreed to corporate to build a nuclear power plant in Egypt.   The partnership deal was signed during an official visit by President Vladimir Putin to Egypt.   The move for a nuclear power plant project is expected to strengthen economic ties between the two countries and cater for electricity necessities in the country.   Due to Russia’s knowledge in the nuclear.... Read more »

Posted on : Tuesday , 17th February 2015

SODIC to invest US$301.64 million in Egypt

 Egypt’s property group SODIC has announced on Monday this week that it will invest US$301.64 million in 2015. CEO of SODIC Ahmed Badrawi has said the company is set to build 684 new property units in 2015. The company had announced last year that construction of first phase of its development in Heliopolis would start this year.   The Sixth of October Development and Investment Company (SODIC) is an Egyptian company and has subsidiaries working in real estate sales,.... Read more »

Posted on : Tuesday , 17th February 2015

Tanzania: Madinda-Dar gas pipeline project to end this year

The 542 km natural gas pipeline under construction in Tanzania, from Madinda in Mtwara to Dar es Salaam is now 99 per cent complete, with the project expected to be done by July 1 this year according to Tanzania Petroleum Development Corporation (TPDC) Plant Manager, Mr Leonee Mroso.   The new gas pipeline is anticipated to transport a maximum of 784m standard cubic feet daily. The volume can generate over 2,000 megawatts (MW) of electricity, including the 300MW plant at Mnazi.... Read more »

Posted on : Tuesday , 17th February 2015

Construction of Kenya’s tallest skyscraper kicks off

 Construction of the Kenya’s tallest skyscraper, 40 storey Hazina Trade Centre in Nairobi has started. The tower will be constructed atop the existing 8 storey Hazina Trade Centre located on Moktar Daddah Street and currently hosting one of Kenya’s main chain stores, Nakumatt Lifestyle.   China Jiangxi International has been contracted to construct the building and is already on the site. On completion, the building will be the tallest in Kenya. The.... Read more »

Posted on : Tuesday , 17th February 2015

Kenya to begin selling power to Rwanda in 2015

 Kenya will begin to export power to Rwanda to help the latter meet its increasing demands for low cost electricity. This follows the signing of a power trade deal on Tuesday this week for construction of a 220kv power line from Kenya to Rwanda.   Kenya will start the sale of 30 MW of power from July next year according to the Power Purchase Agreement. Rwanda will pay Kenya 12 US cents per kilowatt hour for the electricity, but Uganda will also levy 2.08 US cents as.... Read more »

Posted on : Tuesday , 17th February 2015

CAMAC completes seismic surveys for oil and gas exploration in Kenya

 CAMAC Energy, a United States oil and gas exploration company has announced completion of 2D seismic acquisitions for two blocks in Kenya; 700 line kilometers on L-1B block and 325 line kilometers on L-16 block.   The intention is to discover potential exploration targets in Paleozoic, Jurassic, Cretaceous, and Middle to Lower Tertiary sections, known to be oil-bearing in East Africa. The oil and gas exploration survey was carried out by BGP Kenya Ltd.   Apart from.... Read more »

Posted on : Tuesday , 17th February 2015

sterling energy receives license extension for madagascar’s ambilobe, ampasindava blocks

The AIM listed oil & gas exploration company Sterling Energy Plc has announced it has received a Ministerial and Presidential approval was granted in October 2014 to extend the current phase of both the Ampasindava and Ambilobe PSCs to July 2016.   These approvals have now been formally published in the Official Gazette of Madagascar, which is the final step in the approval process.   The Ambilobe PSC which was first awarded in 2004 is in Phase 2 of the Exploration.... Read more »

Posted on : Tuesday , 17th February 2015

UGANDA TO AUCTION SIX MORE OIL BLOCKS

 Uganda’s cabinet has approved the auction of six new exploration blocks in the oil rich Albertine basin in what will see the country’s first competitive bidding round.   The new shift follows the passing of the Petroleum Exploration Development and Production Act 2013 Section 52 which allows the State Minister for Energy with the approval of Cabinet announce areas open for bidding for a petroleum exploration licence.   Under Uganda’s law the.... Read more »

Posted on : Tuesday , 17th February 2015

In Rwanda, Israelis and Americans launch East Africa’s first commercial solar field

 Just a few degrees south of the equator on Thursday, sunlight bathed rows of pristine solar panels as delegates from around the world arrived to celebrate the inauguration of East Africa’s first solar field.   “What we can see up here today for Rwanda, Africa and the world is hope,” said Yosef Abramowitz, the American-Israeli co-founder and president of the Gigawatt Global company. “We’ve come together to see the light.”   The.... Read more »

Posted on : Tuesday , 17th February 2015

Gigawatt Global to invest US$2b in generating 1000Mw of solar power for Africa

Gigawatt global is set to spend about US$2billion in developing and pumping 1000Mw of solar power in Africa by 2020.   Dutch company Gigawatt has said the 1000MW power project will have its roots in East Africa where the largest photovoltaic field will be built in Rwanda. Burundi is one of the countries that could also benefit when this facility is expanded.   The photovoltaic field solar power plant will help to serve electricity to 11 million people in Rwanda. It will.... Read more »

Posted on : Thursday , 12th February 2015