Court lifts Temporary Injunction Order barring drilling of Badada-1 in Kenya s Block 2B

 The high court in Nairobi has allowed Block 2B operator Taipan Resources to continue with drilling preparations after lawyers representing the Company’s wholly-owned Kenya-based subsidiary, Lion Petroleum Inc. sought a variation to the conservatory orders issued with respect to drilling activities.   The court which agreed to vary its conservatory orders to allow the Operator to continue preparations for drilling also permitted the County Government of Wajir to join.... Read more »

Posted on : Friday , 28th November 2014

Cyprus and Egypt Talk Gas Export

 Talks between Cyprus and Egypt on the possibility of exporting gas from Cyprus to Egypt are accelerating. Egypt, once an exporter of the resources, has had to divert production to meet domestic demands and is now exploring options to help meet its ever growing demand. While Cyprus has gas, discovered in late-2011, it does not have the infrastructure in place that Egypt does. “Egypt has a very huge (natural gas) infrastructure and can accommodate the production coming.... Read more »

Posted on : Friday , 28th November 2014

Africa Committed to Supporting Manufacturing

 The manufacturing sector is seen as a key driver for inclusive growth, job creation and poverty alleviation, but it has been in decline for the past three decades. This has prompted South Africa to commit resources to building and supporting it. Trade and Industry Minister Rob Davies pointed out that the demise of South Africa's tool, die and mould making (TDM) sector over the last 30 years had resulted in a loss of more than 80% of the country's manufacturing.... Read more »

Posted on : Friday , 28th November 2014

Industrialisation to transform Africa

 Africa industrialisation day is an annual event celebrated to showcase relevant actions and success stories that promote Africa’s industrial development.   The event will take place under the theme “Inclusive and sustainable industrial development (ISID): Agro-industrial development for food security.”   Also, African Union 2014 was designated as the year of Agriculture and Food Security, while the UN General Assembly has declared 2014 as the.... Read more »

Posted on : Friday , 28th November 2014

Shaw Controls invests US$605,000 in Industrial expansion

 “Although we have been one of the top three electrical equipment suppliers in the country for some time, we have now set our sights firmly on becoming South Africa’s number one motor control centre and container sub-station manufacturer," said Bevan Richards, managing director of Shaw Controls. “The upgrades we are implementing during 2011 and 2012 are part of a five year growth strategy designed to take us a quantum leap forward and position us to take.... Read more »

Posted on : Friday , 28th November 2014

Industrial Development coorperation to build steel mill

 The IDC has been trying to secure sufficient energy supplies to convert its plans into a reality, since the plans to launch a new steel mill were revealed last year. The IDC is part of a group including Chinese steel producer Hebei Iron and Steel, which acquired a 74.5 per cent stake in Palabora Mining from Rio Tinto and Anglo American. Palabora’s main asset, a copper mine in Limpopo, has amassed a 240mn tonne dump of magnetite, access to which will support the.... Read more »

Posted on : Friday , 28th November 2014

Kenyans should be the winners in oil contracts

 hen Kenya struck oil in Turkana and Wajir counties a few years ago, majority of Kenyans were excited at the prospect of petrol dollars. Finally, the hitherto dry and poverty-stricken counties were on the cusp of a breakthrough and in the process, Kenya would join the league of oil-rich countries. Oil, as a source of energy, is one of the most sought-after resources in the world. However, emerging reports indicate Kenya could get a raw deal in the exploration and exploitation of.... Read more »

Posted on : Thursday , 27th November 2014

Japan's Toyota Tsusho to design Uganda-Kenya crude pipeline

    Japan's Toyota Tsusho has won a contract to design an oil export pipeline from Uganda to Kenya's coast, a Kenyan official said on Wednesday, as the countries seek to start crude production.   Oil discoveries in Uganda and Kenya and gas deposits found off Tanzania and Mozambique have turned east Africa into a frontier for hydrocarbon exploration.   Landlocked Uganda is planning to start crude production in 2018, while in neighbouring Kenya, Tullow Oil and.... Read more »

Posted on : Thursday , 27th November 2014

Attractive Industrial Investment opportunities in kenya

 Sri Lankan President Mahinda Rajapaska recently visited Kenya during the East African nation's 50th independence ccelebrations. The visit was intended to open new collaborative economic opportunities for the governments and their respective private sectors.  Eight Memoranda of Understandings including agreements on bilateral relations, bilateral trade and economic and technical cooperation were signed. New investment patterns have emerged, and.... Read more »

Posted on : Thursday , 27th November 2014

Kenya pursues growth in the manufacturing sector

 Kenya’s government is currently considering the final iteration of a bill that would establish three special economic zones (SEZs) within the country. The SEZs will allow lower levels of taxation and fewer regulatory hurdles, and will focus primarily on industrial activity, in particular textile production. The SEZ bill is part of a broader initiative to boost the manufacturing sector, diversify the country’s exports and encourage the creation of up to 1m industrial.... Read more »

Posted on : Thursday , 27th November 2014

Kenyan steel maker to invest in metal sheet production

  Kenya-based steel company Devki Group will invest US$321.2mn in the manufacturing of metal sheets used to produce roofing sheets and key automobile components The company will start the production of Aluzinc, which is used in making exhaust pipes and chassis. Devki has plans to export up to 40 per cent of its Aluzinc to automotive industries in South Africa and Europe. The firm has confirmed that work will commence as early as October. Devki Group founder and CEO Narendra.... Read more »

Posted on : Thursday , 27th November 2014

Chinese firm to invest in Africa's Industrial sector

 The first phase of the project, which is targeted to produce 40,000 tonnes of ferrochrome annually, will be set up in Selous. The company recently said the project would require 100,000 tonnes of chrome ore and 24,000 tonnes of coke annually. “Most of the raw materials for the processing of ferrochrome, including chrome and coke, are readily available in Zimbabwe,” a company official said. According to the company, the initial phase of the project will employ.... Read more »

Posted on : Thursday , 27th November 2014