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Africa: Nigeria, Libya Threatened As More African Countries See Oil Boom

 Nigeria could face threats of being overtaken by other producers if the World Bank's proposed African Gas Initiative in Angola, Cameroon, Congo, Gabon and Cote d'Ivoire, continues to go forward.

 
Though the African reserves are currently dominated by Nigeria, Algeria and Libya, which collectively accounted for almost 72 percent of the region's reserves in 2013, large gas finds in particularly Mozambique and Tanzania <http://www.dw.de/tanzanian-na.... Read more »

Posted on : Wednesday , 1st October 2014

Ethiopia Bestowed Top Aviation Accreditation By US

The US Federal Aviation Administration (FAA) has bestowed a Category 1 rating on the Ethiopian Civil Aviation Authority (ECAA) following several months of examinations.

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Posted on : Wednesday , 1st October 2014

Air Seychelles Launches New African Route

Air Seychelles, the national airline of the Republic of Seychelles has launched direct flights to Antananarivo, Madagascar, to add to South Africa, Tanzania and Mauritius, where it currently operate flights to.

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Posted on : Wednesday , 1st October 2014

Ethiopia's First Trams Unveiled in China

The first of 41 trams being built for the two-line network under construction in Addis Abeba was unveiled at CNR Changchun’s plant in China on August 26.

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Posted on : Wednesday , 1st October 2014

Angolan Airlines Partners Lufthansa To Boost Country-to-country Flights

State owned TAAG Angola Airlines has partnered Lufthansa in a bid to increase flights between Germany’s Frankfurt and Angola’s Luanda.

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Posted on : Wednesday , 1st October 2014

RBPlat to invest in $250.9m housing project - Phase II for its workers

South Africa’s mining company, Royal Bafokeng Platinum will, in the next five years, invest over US$250m to complete Phase two of the employee housing development scheme for its workers. The company will, during the Phase two of the project, construct 3100 housing units. The project’s approval was announced last week. The project will be undertaken in the next five years.

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Posted on : Wednesday , 1st October 2014

Two new hospitals to be built in Mozambique at US$ 30m

Two new hospitals are set to be constructed in Sofala Province, Mozambique at a cost of US$ 30m. This follows a Memorandum of Understanding signed between the Dutch, French and Mozambican governments.

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Posted on : Tuesday , 30th September 2014

US$ 5.9m upgrade of Kamembe airport in Rwanda to start November

Refurbishment and renovation of Kamembe Airport in Western Province of Rwanda, is set to start off this November. The renovations are set to help decongest the facility and accommodate big aircrafts, according to The Rwanda Civil Aviation Authority (RCAA) communications manager, Tony Barigye.

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Posted on : Tuesday , 30th September 2014

RIA airport in Liberia to be renovated into a state-of-the-art airport

Liberia Airport Authority (LAA) has, from last week, invited eligible international firms to express their interest in the expansion and renovation of the current Roberts International Airport (RIA), into a state-of-the-art airport facility. This will help handle the number of passengers at the airport, expected to grow to at least 450, 000 in coming years, as projected by LAA.

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Posted on : Tuesday , 30th September 2014

Housing units worth USD 550m for Tanzania's defense forces to be constructed

Tanzania government has signed a US$ 550m concessional loan agreement with the Chinese Government for construction of 12,000 new housing units for the country’s military. The houses are going to be constructed at various towns and cities in Tanzania.

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Posted on : Tuesday , 30th September 2014

AfDB loans Burundi US$29.49m for road improvement and asphalting project

The African Development Bank (AfDB) has approved a grant of US$29.49 m to Burundi to carry on with the Phase 1 of the Nyakararo-Mwaro-Gitega Road Improvement and Asphalting Project. This report was issued on Friday last week.

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Posted on : Tuesday , 30th September 2014

Angola s liquefied natural gas plant to be reconstructed

 Angola’s liquefied natural gas plant faces a long closure for reconstruction to fix design flaws and corrosion in the new plant. This renovation will result to an addition USD I.07bn to the cost of the whole project.

 
Some of the investors in the 300km project at the natural gas plant situated in at the Atlantic Coast North of Luanda include Chevron, who is the biggest shareholder; Angolan State Energy Firm, Sonangol; Total; BP; and Eni. These.... Read more »

Posted on : Tuesday , 30th September 2014



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