Algeria To Build $6 Billion Phosphate Plant With China
The CEO of state energy firm Sonatrach, Abdelmoumen Ould Kaddour, outlined the plan to engage in a joint venture with China in the construction of a phosphate plant in Tebessa province of eastern Algeria. The plant is to commence operation in2022, and it will help expand the output of the Bled El-Hadba phosphate mine in […]
Algeria Explores Offshore
Algeria entered into a deal with Total and ENI to conduct offshore exploration for oil and gas by studying deep waters in the Mediterranean off the Algeria coast. In the words of ENI CEO Claudio Descalzi “Together with Sonatrach and Total, we will have the opportunity to explore the deepwater of the Algerian offshore, a […]
Foreign Investment Movements In Nigeria: From Lagos To Abuja, And To Abia
As foreign investors have consistently ignored Lagos in favor of Abuja, a newfound investor’s destination has sprung up in Abia State. After the second quarter of 2017 (point 2) when Lagos received 97% of the total foreign investment inflow into the country, Abuja began to win foreign capital increasingly at the expense of Lagos. By […]
Mining: Another Love Interest For Investors In Nigeria
The mining sector has remained underutilized over time and this can be largely linked to the success of the oil and gas sector in the country. However, foreign and local investors are acquiring new mining sites in Nigeria because even though neglected, it surely is a revenue and development gold mine. According to the president […]
Sea Dragon Updates Ops
Sea Dragon Energy and its partners on the North West Gemsa – Vegas Oil & Gas and Circle Oil – will see a production rate of approximately 9,000 BPD and 10 Mmcf/d from the concession in 2015. The concession reached peak production in Q2 2014 of 13,000 bpd and 12 Mmcf/d however, a modest work […]
How SMEs Grow Kenya’s Economy
While Kenya’s small and medium enterprises (SMEs) continue to create jobs and boost the country’s GDP, they face challenges that always hamper their growth. Kenya’s 2017 overall GDP growth is projected at 6.4 percent, with SMEs contributing 3 percent. A National Economic Survey report by the Central Bank of Kenya (CBK) indicated that SMEs constitute […]
Indian Investors Target Ghana’s Factories And Dam Projects
Indian investors are keen on investing in the government’s proposed establishment of a factory in each of the 216 districts in the country and the construction of irrigation dams in every village in the three northern regions. The Indian High Commissioner to Ghana, Birender Singh, told the B&FT: “As the new administration is finally settling […]
Equipping To Expand In Suez
Supplied by Egyptian dealer Otrac Heavy Equipment, Doosan and Bobcat equipment has played an important role in the intensive construction works that have been undertaken for the recently completed extension of the Suez Canal, heralded as a historic achievement that will help to boost the Egyptian economy. The Suez Canal dates back to the middle […]
Electricity From Ethiopia’s Clean Energy
Ethiopia has commissioned a pilot electricity product project at the US$1.8mn Gilgel Gibe III hydro plant Located on River Omo in south of the country, the Gibe III plant has 10 turbines each with a capacity of 187MW. According to Alemayehu Tegenu, Ethiopia’s Water, Irrigation and Energy Minister, the trial power generation will involve three […]
Morocco To Build World’s Largest Seawater Desalination Plant
Morocco will soon be home to the world’s largest renewable energy-run desalination plant for drinking water and irrigation, following the signing of phase one of the €309 million ($352.9 million) project. The project will be developed by Abengoa, an international company that applies innovative technology solutions for sustainability in the energy and environment sectors, in […]