THE country's agriculture sector will get 60 million US dollars (about 100bn/-) in investment guarantees from World Bank's Multilateral Investment Guarantee Agency (MIGA) to boost growth and tame poverty.
Posted on : Friday , 29th August 2014
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Murmurs that Kenya is about to become a major petroleum province have now reached a dull roar.
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Posted on : Friday , 29th August 2014
Tanzania Petroleum Development Corporation (TDPC) has plans of laying gas pipelines along main roads in Dar es Salaam for the distribution of natural gas in the city
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Posted on : Thursday , 28th August 2014
Based on a survey conducted by the Bank of Scotland, UK oil and gas companies are keen on expanding international operations with East Africa emerging as a prime area
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Posted on : Thursday , 28th August 2014
Africa has the potential to be a leader in the energy storage space, says Basil Read Energy director, Ian Curry.
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Posted on : Thursday , 28th August 2014
The Managing Director of baker Hughes Nigeria, Mr. Ayo Shote has predicted that investment in Africa's oil and gas business would increase beyond 2016.
Speaking at the company's Techno Day conference and Exhibition held recently in Lago.... Read more »
Posted on : Thursday , 28th August 2014
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Kenya has invited bids for construction of two new geothermal plants as part of the country's plan to boost electricity production by 5000MW in three years. The new plants, with a capacity of 60MW, will be completed by the end of 2014 and is part of several projects designed to tap into Kenya 10,000 MW geothermal power potential, according to Oxford Business Group's most recent economic update on energy.
Posted on : Thursday , 28th August 2014
Rapid economic growth, coupled with discovery of large deposits of oil and gas, are likely to see both Nairobi and Dar es Salaam join the top 10 "super cities" of Africa by 2030, according to a new report.
Posted on : Thursday , 28th August 2014
Ejiofor Alike The Managing Director of baker Hughes Nigeria, Mr. Ayo Shote has predicted that investment in Africa's oil and gas business would increase beyond 2016.
Posted on : Thursday , 28th August 2014
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East African explorers, Africa Oil and its partner Tullow Oil, have told Reuters they could take on a third partner to help develop oil discoveries in northern Kenya where they discovered an estimated 600 million barrel in Block 13 T and Block 10 BB in South Lokichar Basin.
Posted on : Wednesday , 27th August 2014
Gas and oil discoveries in Tanzania, Uganda and Kenya has led to East Africa receiving its share of attention from global oil companies.
Posted on : Wednesday , 27th August 2014
East Africa is the new oil and gas frontier. Recent discoveries of commercially viable deposits in the last few years in Tanzania, Kenya, Mozambique, and Uganda among others have sparked excitement and equal concern in the region. The potential of oil and gas exports have currently prompted an economic boom that could last for the next few decades, or at least until the tap runs dry. But the talk of prosperity is softened by the typical concerns over the resource curse and the.... Read more »
Posted on : Wednesday , 27th August 2014
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