Latest News




Zimbabwe

November 11, 2016

Cement Plant to be completed by the end of October Mortal Investments Manufacturing Company expects to complete construction of its US$10million cement plant in Redcliff by the end of October 2016. The Chinese investor started construction of the project in August 2016 and testing is set to begin by the end of October 2016, according to the Business Chronicle newspaper. Commissioning is scheduled for the end of 2016. The plant will use slag to make its cement. (Source: The Chronicle)

Read More

Zambia

November 11, 2016

Zambia to Cut Subsidies Zambia has told the International Monetary Fund (IMF) it will gradually cut subsidies amounting to about US$1 billion as part of an economic recovery plan, Finance Minister Felix Mutati said. Africa’s second-biggest copper producer will also boost funds for social welfare, Mutati said during talks with IMF officials at the lender’s annual meetings. The statement did not specify which subsidies would be trimmed. Zambian government subsidies include about US$600 million annually for electricity and fuel. (Source: CNBCA) Anthrax Outbreak in Eastern Zambia The Zambian government on has confirmed an outbreak of anthrax, which has killed 44 hippos in Chama district in the country’s eastern region. Minister of Health Chitalu Chilufya said the outbreak of the disease could be due to low water levels, with the first case recorded on the 22nd of September. He added in a ministerial statement in parliament that people in the district have since been advised against eating hippo meat because as it was infected with anthrax. A mobile laboratory has also been set up in the area and sufficient machines have been provided. 58 human infections have so far been recorded with no fatalities. (Source: Global Times)

Read More

Uganda

November 11, 2016

FMO Bank to fund Uganda Solar PV Project Uganda’s Tororo solar photovoltaic (PV) project has received a US$14.7 million senior loan from the Dutch development bank, FMO. The plant will be developed and owned under the expertise of Italian firm Building Energy, who will be responsible for the construction and operation of the power plant. According to media, the Bank acted as Mandated Lead Arranger of the facility, of which 50% was syndicated to the Emerging Africa Infrastructure Fund (EAIF). (Source: Trade Arabia) Government to Build Cement Plant The government intends to build a cement plant in Karamoja in partnership with Moroto Ateker Cement. The company is a formation of Uganda Development Corporation and Savannah Mines, a local firm based in Karamoja, with a shareholding of 51% and 49% respectively, according to the Monitor newspaper. Moroto Aterer has contracted India’s Saboo Technologies to build the cement plant in the Moroto Industrial Park. Saboo has completed a feasibility study and say that the plant will be completed in two phases. (Source: Global Cement) Uganda Oil Refinery Completion Date Pushed to 2020 Uganda has rescheduled the completion date for its planned crude oil refinery plant in Kabaale, Hoima district, by two more…

Read More

Tanzania

November 11, 2016

Tanzania Secures US$259m Funding for Power Grid Link with Kenya Tanzania has secured US$258.8 million from the African Development Bank and the Japan International Cooperation Agency for a high-voltage electricity line to connect its national power grid to Kenya’s, its power utility said on Sunday. The 400 kV line will be completed within two years and is part of efforts to deepen integration between the two countries’ economies, Tanzania’s Tanesco said in a statement on its website. Kenya has already agreed to pay US$50.45 million for work on the link on its side of the border. Bouygues Energies & Services, Kalpataru Power Transmission and Energoinvest have been awarded contracts to build the line. (Source: Reuters)

Read More

South Africa

November 11, 2016

Marriot to Built 5 New Hotels Marriott International announced that it planned to spend about US$217million on five new hotels in South Africa as the company looks to tap into Africa’s growing middle class. Marriott, which won the final clearance to buy rival Starwood Hotels and Resorts Worldwide Inc, said three of the hotels would be built in Cape Town while two are already under construction in Johannesburg. Marriott is already Africa’s biggest hotel operator, having bought leading chain Protea in 2014. The new hotels will be branded Marriott. (Source: EWN)

Read More

Sierra Leone

November 11, 2016

Construction of Sierra Leone’s Mamamah Airport to start in December The construction of Sierra Leone’s Mamamah Airport is now set to kick off in December Chinese Ambassador Zhao Yanbo has said. According to the outgoing Chinese Ambassador to Sierra Leone, the project is much more awaited by the local residents and they will ensure that the projects starts on time and gets completed on time as per the local governments request. Mamamah Airport is going to be built inland and from the capital to the airport will be less than one hour drive which makes it very accessible. (Source: CRO)

Read More

Rowanda

November 11, 2016

Rwanda to Construct Model Villages in Rural Communities The government of Rwanda has announced intentions to set aside planned settlement sites in different parts of the country and invest in building ‘model villages’ as part of the latest efforts to modernise rural settlements, officials at the Rwanda Housing Authority (RHA) have said. RHA officials said at a press conference in Kigali that the government has targeted that at least 30 sites, one in each of the country’s 30 districts, will have been set aside and provided with roads, water, and electricity before the end of the current fiscal year 2016-2017 in June. (Source: CRO)

Read More

Kenya

November 11, 2016

Kenya Considering to Open Land for Private Sector Geothermal Development Local news report that Kenya is considering a review of various geothermal energy policies to help promote private investment into development in the country. Under the new regulations, Kenya Principal Secretary for Energy and Petroleum, Joseph Njoroge, said the private sector will be given land concessions to explore for geothermal steam. Kenya has only exploited less than five percent of its geothermal resources partly due to “a deficit in financing of geothermal projects.” The government plans to cooperate with the private sector to ensure more electricity generation from geothermal energy, the official said. (Source: Coastweek) Kenya Floats US$297million T-Bond for Infrastructure Projects Kenya is this month seeking to raise US$297 million from the domestic market for infrastructure projects in the energy, water and transport sectors.  The East African nation is carrying out a number of infrastructure projects that include construction of power plants and bypasses funded by both donors and the government.  The money is to be raised through the sale of a 15-year Treasury bond at an interest rate of 12 percent, which is lower than the yield of the bonds offered last month, which stood at 15 percent. …

Read More

Ghana

November 11, 2016

Ghana to Export to Nigeria Ghana’s Minister of Petroleum, Emmanuel Armah-Kofi Buah recently revealed that Ghana would be now exporting fuel and gas oil to Nigeria. Ghana, will also export to Benin, Burkina Faso, Niger, and Mali. The exports will be shipped to countries in the region from Ghana’s Bolgatanga Petroleum Depot run by the state-owned Bulk Oil Storage and Transport (BOST) Co. Ltd. (Source: Petroleum Africa)

Read More

Ethiopia

November 11, 2016

Ethiopia Declares State of Emergency The Ethiopian government has declared a state of emergency, which will be in place for six months, says the Foreign and Commonwealth Office (FCO).  The FCO says it could result in the following restrictions: curfews, random arrests and searches, and blocking of the Internet. Travellers are also warned to exercise caution when travelling on Route 8, south of Awassa, due to roadblocks and attacks on properties in towns along the road. The announcement follows months of unrest in the country’s Amhara and Oromia regions. (Source: Commonwealth Press Release)

Read More