African Business News

Kenya Discovers Oil, Natural Gas In Lamu

Oil exploration is the real deal in Kenya at the moment, as exploration companies have struck black gold repeatedly in recent times.

The latest find was at the tourist town of Lamu where UK-based independent oil and gas exploration firm, British Gas had been working.

“British Gas Group has found oil and natural gas,” Energy Cabinet Secretary Davies Chirchir announced to a forum of energy sector stakeholders in Nairobi.

He added however that the discovery was “very prospective”, but not commercial.

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Japanese group reaffirms SA commitment as Hitachi Power Africa disappears

Corporate activity at an international level has resulted in the disappearance of Hitachi Power Africa (HPA), which was controversially associated with the African National Congress’s Chancellor House, and the emergence of Mitsubishi Hitachi Power Systems Africa (MHPSA), which was formally launched at the beginning of March.

The 400-employee business assumes responsibility for the boiler contracts at Eskom’s Medupi and Kusile coal-fired power projects, which are also the largest and most complex currently being undertaken globally by the larger Mitsubishi Hitachi Power Systems joint venture, which is domiciled in Yokohama, Japan.

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China Africa develops mine, 300MW power plant

CHINA Africa Sunlight Energy says it will complete its coal mine and a 300 megawatt power station at its concessions in Gwayi, Matabeleland North by 2016, creating over 4,500 jobs.

Addressing delegates at a Parliament seminar on Thursday, the company’s deputy general manager Charles Mugari said as part of the first phase of the project, the company will build a modern residential complex for 2,000 workers, a coal mine and power plant.

“By 2016 we hope that the mine will be up and running,” he said, adding that the company was converting its special grant to a special mining right.

He said second phase of the power project will focus on methane gas extraction and another 300MW plant to be completed in mid-2017. The company intends to establish another 400MW plant powered by methane gas.

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Obama's Power Africa Initiative Focuses On Geothermal Power in Ethiopia

Earl Gast, the United States Agency for International Development (USAID) assistant administrator for Africa, on Thursday,

told journalists across Africa via a telephone press conference that Power Africa is gaining ground in terms of financial availabilities for the initiative. The Power Africa Initiative, along with Trade Africa was launched last year by President Barack Obama following his visit to Africa.

Gast said that currently, Power Africa has secured close to 20 percent of the USD seven billion which is to be available for 20 million Africans in the continent. Ethiopia, Kenya, Tanzania, Ghana, Liberia and Nigeria are the six benefiting countries of Power Africa Initiative.

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