Edenville Energy (EDL) announced last week that it has held further meetings with Shandong Electric Power Construction No. 2 Company (SEPCO2) for the development of the Rukwa Coal Power Project in the South West Tanzania.
Rukwa-Coal-power-plantThe project is in response to Tanzania’s needs for coal-based power plants as an alternative to hydro-power, in light to the recent and long droughts that have hit the country and resulted in power rationing,.
The p.... Read more »
Posted on : Wednesday , 22nd July 2015
The United Nations Secretary General (UNSG) announced last week that Tanzania is among four countries to benefit from a USD 12 billion fund awarded by the Global Financing Facility (GFF) to support the health sector in emerging countries.
Tanzania-global-financing-facilityThe announcement was done by UNSG’s Mr. Ban Ki Moon during the Third International Financing for Development Conference in Addis Ababa, Ethiopia early last week.
The GFF aims to mobilize.... Read more »
Posted on : Wednesday , 22nd July 2015
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Houston based Rift Energy says its preliminary resource reserve estimates for the top ten leads (including the four drill-ready prospects) says it is hopeful of encountering oil or gas when it drills its first well later this year.
Posted on : Wednesday , 22nd July 2015
Integrated Geoscience Company CGG has announced that it has been awarded a contract by the Tanzanian Petroleum Development Corporation (TPDC) to acquire high-resolution gravity gradiometry and aeromagnetic data over two onshore areas along the South-Eastern Tanzanian Coastal Basin and the eastern arm of the East African Rift.
Posted on : Wednesday , 22nd July 2015
According to the African Development Bank, East Africa will grow by 5.6% in 2015 and by 6.7% in 2016, making it the fastest growing region on the continent.
Posted on : Wednesday , 22nd July 2015
Construction experts and enthusiasts can look forward to attending the biggest yet conference of global construction industry shareholders right here on South African soil next month.
Posted on : Wednesday , 22nd July 2015
Kenya’s economy has shown remarkable gains over the last five years, maintaining a robust growth rate. GDP growth stood at 5.4 percent in 2014, an improvement on the 5.1 percent recorded in 2013 and 4.6pc in 2012. The country’s annual GDP growth is projected to reach 7.0 percent by 2017 (6.7pc average CAGR 2014-2017).
Posted on : Tuesday , 21st July 2015
BNP Paribas Italy and Intesa San Paolo banks have signed a US$ 333m agreement with Kenya for the construction of Kuresoi dam in Kuresoi, Nakuru county.
Posted on : Tuesday , 21st July 2015
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Italy's Eni has discovered gas reserves of up to 15 billion cubic metres in Egypt's Nile Delta region, with production set to start in two months, the Egyptian oil ministry said on Monday.
Posted on : Tuesday , 21st July 2015
Polarcus Limited announced Monday that it has commenced a new 3D broadband multi-client survey across the Mauritania-Senegal-Guinea-Bissau Basin (MSGB), offshore northwest Africa. The survey, which is supported by industry funding, will cover an area of 579 square miles offshore The Gambia and is expected to run for 50 days. Polarcus expects final data products to be available in 1Q 2016. Prefunding for the project was secured due to “the heightened industry interest in the Cr.... Read more »
Posted on : Tuesday , 21st July 2015
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Norwegian power producer Scatec Solar has signed an agreement to build West Afria’s first large utility-scale solar power plant in Africa. Solar Panels - APOPower from the plant will provide electricity to about 60,000 households.
Posted on : Monday , 20th July 2015
Kenya Pipeline Corporation (KPC) is yet to construct a 450Km pipeline from Mombasa to Nairobi that will help them meet the rising demand for fuel in the market and complement the existing line and replace it ultimately.
Posted on : Monday , 20th July 2015
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