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South Africa, Mozambique Governments Sign Agreement to Evaluate Viability of a Gas pipeline

 South Africa’s Public Investment Corporation SOC Limited (SacOil) and the Instituto de Gestão das Participações do Estado (“IGEPE”) in Mozambique (have signed a Joint Development Agreement to evaluate the technical and commercial feasibility of a transnational terrestrial gas pipeline and distribution facility that will carry natural gas from Mozambique’s Rovuma fields into South Africa, with off-takes to other neighboring Southern .... Read more »

Posted on : Wednesday , 10th December 2014

US$116m set aside for construction of two open markets in Kenya

The Government of Kenya is planning to construct a US$ 74.2m open market in Athi River, Machakos County and another US$ 42m market in Murang’a, Murang’a County.

 
East African Affairs, Commerce and Tourism secretary Phyllis Kandie indicated that the tendering process for the project will be done next year, and that the project is expected to be complete within two years after the process.
 
The open market construct.... Read more »

Posted on : Wednesday , 10th December 2014

ARM Cement to increase investments in East Africa

East African cement maker ARM Cement has announced an increase in investments across the region as the demand for cement continues to rise.


A statement from the company revealed that ARM Cement will complete some pending projects this year, and begin new ones in 2015.
 
The company, which has plants in Kaloleni and Athi River in Kenya, as well as Dar es Salaam and Tanga in Tanzania, will complete one more grinding plant in Tanga in 2015.... Read more »

Posted on : Wednesday , 10th December 2014

Samsung is investing in effective medical solutions tailored for South Africa

Samsung Electronics South Africa has invested significantly into the medical sector, with the aim of using the latest in technological innovation to assist in delivering transformational change in the health sector in Africa.Through its Health and Medical Equipment portfolio, Samsung has developed market-leading solutions in areas including Digital Radiology, Ultrasound and IVD (in-vitro diagnostics), to help address some of the significant health challenges that face the medical in.... Read more »

Posted on : Wednesday , 10th December 2014

Kenya: Karen Hospital Installs Philips' Ingenia Digital Broadband MRI System

Philips East Africa and the Diagnostic Imaging Department at Karen Hospital have inaugurated the Philips Ingenia 3.0T MRI, billed as the first-ever digital broadband magnetic resonance imaging (MRI) solution.Driven by Philips’ commitment to developing innovative patient care solutions, the Ingenia MR delivers exceptional image clarity, scanning efficiency and scalability. Karen Hospital has acquired one of the most advanced MRI systems of its kind in East Africa. When utilizin.... Read more »

Posted on : Wednesday , 10th December 2014

Kenyan government raises US$2 billion

 he government paper was oversubscribed to US$8.8bn although the government was interested in just US$2bn.

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Posted on : Wednesday , 10th December 2014

Tanzania signs investment deals worth US$1.7bn with China

 The deals would cover areas such as infrastructure, power distribution, real estate and business cooperation, added Kikwete.

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Posted on : Wednesday , 10th December 2014

Africa to be prime stop for future Global Investors

 The report titled Capital Projects & Infrastructure in East Africa, Southern Africa and West Africa,Read more »

Posted on : Wednesday , 10th December 2014

Africa Woos International Investors in UAE

A large gathering of telecoms investors and the global Information and Communications Technology (ICT) community in Doha, Qatar, on Sunday of the investment opportunities that abound in the country, especially in the area of broadband.

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Posted on : Wednesday , 10th December 2014

Rift Energy identifies 5 drillable targets within Kenya s Block L9

 Rift Energy Corp has confirmed it has identified five drillable prospects and at least 21 leads within Block L19 in Kenya.

 
This follows completion of the interpreting or mapping phase of its 724 KM 2D seismic program as well as information from the Aerial Gravity & Magnetic Survey and Geochemical Survey, both of which were completed during 2013.
 
Rift Energy President and CEO Fred Zaziski says the results puts the .... Read more »

Posted on : Tuesday , 9th December 2014

The European Union signs bilateral trade treaties with Africa

 

fter twelve years of wrangling, the EU finally concludes bilateral trade treaties with 44 Sub-Saharan countries

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Posted on : Tuesday , 9th December 2014

Dollar trade and investment in Africa

 For many, the most emblematic moment of Washington's maiden Africa summit on 4-6 August came at the end of an intense day of economic and commercial debate on 5 August, when President Barack Obama sat in on a 15-minute discussion with Takunda Chingonzo, a 21-year-old internet entrepreneur from Zimbabwe. It was a conversation of the free-ranging kind that Obama had specified for the following day at the Leaders Summit. It was also a signal that the USA wanted to send about its .... Read more »

Posted on : Tuesday , 9th December 2014



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