Canada: Chinese Investments Welcomed by Finance Minister

15 August 2009
Canada's Finance Minister Flaherty

The Canadian Finance Minister Jim Flaherty who is currently visiting China together with Bank of Canada Gov. Mark Carney said last week that Canada welcomes Chinese direct investments in finance, mining, forestry, infrastructure, and manufacturing sectors throughout Canada.
Flaherty made these statements after meetings with  Chinese officials, including China’s Vice Premier Li Keqiang, Finance Minister Xie [...]

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Kenya: New 120MW Geothermal Plant in Kipevu

21 July 2009
Thumbnail image for Kenya: New 120MW Geothermal Plant in Kipevu

Kenya Electricity Generating Company (KenGen) is planing the construction of  a new 120MW Power Plant in Kipevu, close to Mombasa. The new plant is estimated to cost US$ 15 Million, and shall be operational by the end of 2010.
The plant which is expected to generate 120 megawatts of electricity that shall be added into the [...]

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Ethiopia & Kenya: US$ 326.5 Million for Road Project

7 July 2009
Thumbnail image for Ethiopia & Kenya: US$ 326.5 Million for Road Project

The African Development Bank AfDB last week approved a major $326.5 million loan to finance the second phase of a road project that is going to link Addis Ababa in Ethiopia to Mombasa in Kenya.
It involves the construction of a total of 438 km road sections including 245 km Merille River-Marsabit-Turbi road section in Kenya [...]

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Zimbabwe: $5 Billion Deal with China over Platinum Resources

3 July 2009
Platinum Mining in Zimbabwe

A Zimbabwe government official appealed to Chinese firms today to invest in Zimbabwean mines, asking Chinese companies to ignore the country’s recent troubles and strike now while opportunities are still present.
Zimbabwe and China recently entered into a US$5 billion deal involving the mortgaging of the Zimbabwe’s platinum resources, that have an estimated worth of an [...]

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Kenya: 40MW Hydropower Station Halts Due to Drought

1 July 2009

Kenya Electricity Generating Company (KenGen) announced the closure of a 40 megawatts power generation unit at Masinga Dam due to low water levels in the area and poor rainfall, further escalating a worsening power crisis that has gripped the country. If Kenya’s shorter rain season in October turns out favorable, the hydropower unit could be [...]

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Kenya: Feasibility Study for New Hydropower Plant in Karura

18 June 2009
Thumbnail image for Kenya: Feasibility Study for New Hydropower Plant in Karura

A newly proposed Hydropower Construction Project in Karura, which is located about 15 kilometers from the 40 megawatts Kindaruma Power Station and a 200 km north of Nairobi, is officially tendering for consultancy services to conclude a feasibility study for a major Hydropower Station. The feasibility study shall cover cost estimations as well as a [...]

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Uganda: Investments and Ambitious Energy Projects

7 June 2009
Thumbnail image for Uganda: Investments and Ambitious Energy Projects

In Uganda, the economy is so far resisting the global economic slowdown. A fresh poll from 2009 shows Uganda with a growth of almost 6% during the first few quarters of the year.
Due to the recent discovery of oil reserves, Ugandan President Yoweri Museveni announced on Thursday that the East African nation will double its [...]

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Tanzania: Kigamboni Bridge for $100 Mill. to be Reassessed by World Bank

5 June 2009

As stated during late May by Dieter Schelling, a specialist with the World Bank in Tanzania, the World Bank is currently funding a new study that targets to resolve conflicting estimates of the total cost of construction, which is currently at $100 million US Dollars.
The bridge, called the Kigamboni Bridge is going to cross the [...]

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Environmental Rules for Outbound Chinese Investments

4 June 2009

China’s government has recently completed an initial draft for environmental regulations for the increasing number of Chinese companies that are involved in overseas projects to follow on a mandatory basis.
Drafted by China’s Ministry of Environmental Protection (MEP) and the Ministry of Commerce (MOFCOM), the new regulations are still awaiting approval from the relevant authorities. The [...]

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Western Kenya to Build New Hydropower Unit

3 June 2009

As reported by Daily Nation Kenya, a new hydro-electric power station is planed along Yala River in West Kenya. The power station shall produce of up to 50 megawatts of electricity, and is scheduled to be part of the Nandi Dam Development Project.

Another object of this project is construct an irrigation scheme to support farmland [...]

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