21 Years Celebration

Latest Business News

Tanzania: Local Communities in Gas Producing Areas to Get Three Percent

 ANNE ROBI AS the nation prepares to introduce a policy to guide the petroleum sub sector in the country, the government has said that three per cent of the revenues to be collected from the resource would be provided to the municipalities in which it would be explored to benefit local communities.   Principal Geologist in the Ministry of Energy and Natural Resources, Mr Adam Zuberi made the revelation in Dar es Salaam on Friday during a stakeholders' conference on a Draft.... Read more »

Posted on : Tuesday , 2nd September 2014

Tanzania: Tarime to Construct 20 School Laboratories

 Tarime — TARIME District Council says it would successfully implement the directive by President Jakaya Kikwete to build laboratories in all public secondary schools within shortest possible time.   The council plans to start building a total of 20 laboratories any time from now. Aim is to have all the laboratories ready by November, this year, according to the Tarime District Council Chairman, Mr Amos Sagara.   "We are going to construct 20 modern.... Read more »

Posted on : Tuesday , 2nd September 2014

Uganda Oil Levels Rise By 3 Billion Barrels

 Kampala — Uganda's oil and gas resource deposits have risen from 3.5 billion barrels to 6.5 billion barrels writes BAZ WAISWA.   The Commissioner for Petroleum Exploration and Production Department in the Ministry of Energy and Mineral Development, Ernest Rubondo, disclosed this last week.   However he clarified there has been a very small increase in the amount of recoverable oil from 1.2 billion barrels (of the 3.5 billion barrels of crude) to 1.4 billion.... Read more »

Posted on : Tuesday , 2nd September 2014

Kenya:Tax capital gains only after discovery, says oil, gas industry

 A Swedish investor wants to test Kisumu’s real estate appetite with Sh48-million villas. Fred Andersson, owner of Coromandele Investment Ltd is putting up 30 villas priced at Sh38.5million and Sh48.5million at Riat Hills, 3km from Kisumu International Airport.He said each unit would comprise four bedrooms all ensuite, walk-in in closet, expansive roof terrace with external Jacuzzi, two-room servant quarter and free flowing open plan among the common areas. There will also.... Read more »

Posted on : Monday , 1st September 2014

Investor eyes Kisumu with Sh48m villas

 A Swedish investor wants to test Kisumu’s real estate appetite with Sh48-million villas. Fred Andersson, owner of Coromandele Investment Ltd is putting up 30 villas priced at Sh38.5million and Sh48.5million at Riat Hills, 3km from Kisumu International Airport.He said each unit would comprise four bedrooms all ensuite, walk-in in closet, expansive roof terrace with external Jacuzzi, two-room servant quarter and free flowing open plan among the common areas. There will also.... Read more »

Posted on : Monday , 1st September 2014

Oil explorer Afren seeks clearance ahead of Wajir drilling

 London Stock Exchange-listed oil explorer Afren Plc has filed environmental disclosures ahead of drilling exploratory wells in Mandera and Wajir in the coming months. Afren’s drilling will be in Bur Wein area in El Wak, Mandera County and at Konton in Wajir County, both falling in Block-1 of the Mandera Basin.The company whose top officials were last week suspended over making illegal payments is looking to drill in the area at a time of heightened security concerns over.... Read more »

Posted on : Monday , 1st September 2014

Nairobi, Dar to float tender for power line

 Kenya and Tanzania are to float a tender in September for the construction of a transmission line capable of transferring 2,400MW of electricity.   The 400 kilovolt high voltage overhead transmission line is expected to cover about 510 kilometres from Isinya in southern Kenya to Singida in central Tanzania.   The Kenya Electricity Transmission Company (Ketraco) acting chief manager of planning and construction, Anthony Musyoka, said the line will act as a regional.... Read more »

Posted on : Monday , 1st September 2014

$600m highway to link Kenya, Tanzania

 The East African Community is finalising plans for a transnational highway to link the Kenyan and Tanzanian coasts. The 460km highway, expected to cost $600 million, will start in Malindi, pass through Mombasa and Lunga Lunga on the Kenyan side, across to Tanga, then on through Pangani and Saadani to Bagamoyo in northeastern Tanzania. The road is hoped to increase regional trade by linking the port of Mombasa in Kenya to northeastern.... Read more »

Posted on : Monday , 1st September 2014

Uganda s crude oil reserves estimates nearly double in new adjustment

 Uganda’s petroleum exploration and production department has put its estimated crude oil reserves at 6.5 billion barrels from the previous 3.5 billion barrels.   The department is quoted by Wall Street Journal saying that the new figures follow the appraisal of oil blocks held by Tullow oil, Cnooc limted and Total S.A.   “The increase in resources is an achievement given that with improved technology, the recoverable resources have potential to.... Read more »

Posted on : Saturday , 30th August 2014

Kenya: Migori Plan Sh40 Million Renovation Work At Stadium

 MIGORI County Government have announced plans to renovate the county stadium at a cost of Sh40 million. According to Governor Zachary Okoth Obado, the stadium will be used to boost young talent and enable the county have the best team in the region. The renovated stadium will accommodate volleyball, rugby, athletics, football, basketball and indoor games. "We are committed to talent nurturing and this can only happen when we have a place for youths to practice," he.... Read more »

Posted on : Friday , 29th August 2014

Tanzania: WB Grant Pushes to Boost Agriculture

 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.  MIGA Vice-President and Chief Operating Officer, Michel Wormser said in Dar es Salaam on Thursday that the agency will partner with the United States government agency, Overseas Private Investment Corp to boost foreign direct investment into the sector.  "In.... Read more »

Posted on : Friday , 29th August 2014

Kenya: Let's Promote Coconut Production - President Kenyatta

 Momabsa — President Uhuru Kenyatta has called for the formulation of policies that will unlock the country's potential in coconut farming.     He said commercialization of the coconut sub sector - which is capable of contributing up to Kshs 25 billion annually - would boost the economy of the Coast region.     "Time and again, research has shown that oil and nut crops have huge potential to contribute to growth in the coastal region".... Read more »

Posted on : Friday , 29th August 2014



OUR ASSOCIATES

VIEW MORE

EXPOGROUP

Expogroup is a full service exhibition organiser with over 23 years experience in International.Trade Exhibitions and Events. Our current portfolio includes 20 annual exhibitions from a diverse range of industries being held across the Middle East & Africa.

EXPOGROUP © 1996 - 2020 | Privacy Policy

Subscribe Newsletter

Join our mailing list and receive latest news and advice from us in our monthly Newsletter

Yes, I would like to receive Expogroup E-newsletters

Instant Reply