Octant Energy Primed As It Agrees Pivotal Acquisition in Kenya and Tanzania

Toronto listed junior Octant Energy Corp (CVE:OEL) has revealed its done a deal with the administrators ofAfren to buy oil and gas assets in Kenya and Tanzania. It is acquiring two blocks in Kenya – L17/L18 and Block 1- and one asset, the Tanga Block, in Southern Tanzania. The Canadian company says the acquisition is important for the development of the assets, as it sees them being taken on by a team with extensive regional knowledge Octant is run by the former Black.... Read more »

Posted on : Wednesday , 4th November 2015

New cement production technology to be adopted in Kenya

 Cement manufacturer ARM Cement in Kenya has announced that it will launch a new technology in the production of cement, a move that will significantly reduce the cost of  construction,the firm’s chief executive has announced.   Speaking during a construction expo organised by Totally Concrete East Africa in collaboration with ARM Cement, chief executive Pradeep Paunrana said that the expensive technology in the production of cement was pushing up the final of.... Read more »

Posted on : Wednesday , 4th November 2015

Manufacturing Sector Can Drive Africa's Global Competitiveness

 The Industrial Development Corporation this week hosted a Conference themed: "Driving South Africa's Competitiveness through Industrial Development."   Many interesting insights emerged from the Conference about how to strengthen South Africa's manufacturing capacity. However, what also emerged is that South Africa has a strong base from which to build.   In this regard, South Africa has developed an established, diversified manufacturing base that has.... Read more »

Posted on : Wednesday , 4th November 2015

FG Commissions U.S.$150 Million Gas Pipeline Manufacturing Plant in Africa

 The Federal Government, yesterday, commissioned $150 million, about N30 billion, ultra-modern gas pipeline manufacturing plant.   Speaking during the commissioning of the plant and the roll out ceremony of fabricated NNPC gas pipelines by the company in Abuja, President Muhammadu Buhari disclosed that the Federal Government will continue to promote and protect all efforts targeted at achieving industrial growth and improving the socio-economic development of.... Read more »

Posted on : Wednesday , 4th November 2015

Kenya: North Rift Bloc to Export Fresh Produce

The North Rift Economic Bloc formed by eight counties is viable and will start exporting fresh produce, the chairman has said.   Jackson Mandago (Uasin Gishu governor) said the bloc will fight poverty and economically empower more than 15 million people.   The eight counties produce 30 per cent of the flowers exported from Kenya.   Mandago said they will work towards increasing production of horticultural crops for export.   "The bloc is a very viable.... Read more »

Posted on : Wednesday , 4th November 2015

Rwanda: Minicom, Indian Bank to Enhance Trade Competitiveness

The ministry of trade and industry (Minicom), in partnership with the Export and Import Bank of India (EXIM), have come up with strategies that are geared towards promoting export growth in the country.   Speaking at a stakeholders' consultative meeting entitled 'Enhancing Rwandan Export Potential' yesterday, the permanent secretary of Minicom, Emmanuel Hategeka, said that the issuance of export credit insurance/ guarantees is important for trade finance, reducing credit risks.... Read more »

Posted on : Wednesday , 4th November 2015

Tanzania: Museum to be Erected for Laetoli Footprints

Arusha — At least $200 million (about Sh400 billion) will be spent on the construction of a museum for Laetoli footprints in Ngorongoro Conservation Area (NCA), an expert has said.   Dr Luois and Mary Leakey discovered the foot prints of human beings who date back to 3.6 million years ago were buried in 1998 to prevent them from weathering.   Mr Joshua Mwankunda, an expert with Ngorongoro Conservation Area Authority, said the state-of-the-art building would have a.... Read more »

Posted on : Wednesday , 4th November 2015

Kiyovu, Kimicanga, Construction to Start Soon - City of Kigali

For a while, it has been speculated that the city of Kigali has failed to get potential investors to buy plots in lower Kiyovu.   Found in Ubumwe cell, Muhima sector, Nyarugenge District, government identified this area as prime for investors because of its strategic location in the Central Business District (CBD).   Residents of this slum were relocated to Batsinda, a Kigali suburb, and billions of francs were pumped in the area to develop it with basic infrastructures.... Read more »

Posted on : Wednesday , 4th November 2015

Namibia: B1 Construction Cost Up By N$95 Million

THE projected cost of constructing the B1 dual carriageway between Windhoek and Okahandja has increased by N$95 million due to changes to the design.   The road will now have two full lanes on both sides running side-by-side once the project is completed, thereby scrapping the initial converging dual and single lanes that were set to be constructed on some parts of the road.   Roads Authority manager for corporate communications Hileni Fillemon told Nampa yesterday that.... Read more »

Posted on : Wednesday , 4th November 2015

Nigeria: Shell, Others Begin Construction of Industrial Park

The Nigerian Content Development and Monitoring Board (NCDMB) and Shell Petroleum Development Company of Nigeria (SPDC) last Friday performed the ground breaking of a mini industrial park to boost Nigerian Content goals.   The event took place in Port Harcourt, Rivers State and featured three original equipment manufacturers (OEMS) utilised by Shell for its operations-Alcon, Fiddil, Prime Atlantic-each getting a land space measuring 1800 square meters within Shell's Industrial.... Read more »

Posted on : Wednesday , 4th November 2015

Kenya: Tatu City Seals Sh400m Deal With Infrastructure Firm Sinohydro

Tatu City has sealed a Sh400 million deal with international infrastructure firm Sinohydro to lay out basic infrastructure that will supplement the first phase of the project.   The Chinese engineering firm will set up infrastructure for water, sewerage and temporary road works for Tatu City's development.   The additional seven-kilometre temporary roads will help facilitate ongoing construction activities.   "We are pleased to extend our co-operation with.... Read more »

Posted on : Wednesday , 4th November 2015

Fate of Kudu Power construction Project in Namibia to be known 2016

The fate of Kudu Power construction Project in Namibia will be known in mid 2016, Managing Director of National Petroleum Corporation of Namibia (Namcor), Immanuel Mulunga has announced. Since the stalling of the project, cost has doubled up to about US $2.3bn and it will entail the transfer of gas from the offshore Kudu field to a floating production system. This will then be piped 170km to a planned 885MW power plant located in at Oranjemund along the coast. According to.... Read more »

Posted on : Wednesday , 4th November 2015