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Kenya To Become First East-African Oil Exporter By 2016

August 23, 2013 Global Authorafrica, Investments, kenya, Oil

It was some seven years ago that UK-based oil exploration firm Tullow Oil Plc ($TUWOY) first discovered promising reserves in the land-locked East-African nation of Uganada.Indeed, the company’s discoveries in Uganda, as well as in the neighboring Democratic Republic of Congo, had caught the attention of a number of major companies, such as Royal Dutch Shell ($RDS.A), France’s Total SA... Read More

Malawi:Paladin Energy loses $120m at Kayelekera mine in Malawi

February 14, 2012 Global Author

Uranium miner Paladin Energy on Tuesday reported a net loss of $120.2-million for the six months to the end of December, as it wrote down the value of its Kayelekera mine in Malawi. . Read More

Malawi:The African Development Bank (AfDB) has approved $41 million funding

February 13, 2012 Global Author

The African Development Bank (AfDB) has approved $41 million funding to improve the employment prospects of graduates and students in Malawi through training and skills development. . Read More

Malawi businessmen purchase biodiesel technology worth US$750,000 in US

February 1, 2012 Global Author

A group of Malawian businessmen that left the country nine days ago for the United States of America on a business tour, are spending around US$750,000 to support the landlocked country's biodiesel venture. Malawi is faced with serious fuel shortages since 2009. . Read More

Mozambique: Exposing poor practices by Vale and Rio Tinto

January 31, 2012 Global AuthorCamilo Nhancale, Dr. Claude Kabemba, mining in africa, Mozambique, Southern Africa

Research by Southern Africa Resource Watch (SARW) - Coal Versus Communities in Mozambique JOHANNESBURG: On January 10th, the activities of two of the world’s largest mining companies – Brazil’s Vale and Anglo-Australian multinational Rio Tinto – in Mozambique hit the headlines for all the wrong reasons. Enraged at the way they have been resettled, hundreds of protestors blocked the railway... Read More

PALADIN (AFRICA) forcefully responds to Dr Perks Ligoya Radio Remarks

December 19, 2011 Global AuthorDr. Ligoya, Malawi, paladin, Uranium

Paladin (Africa) Limited, owner and operator of the Kayelekera Uranium Mine in Karonga District, northern Malawi, wishes to inform the people of Malawi of its position in relation to comments made during the past week by the Governor of the Reserve Bank of Malawi, Dr. Perks Ligoya. . Read More

Analysis: Rocky start for Uganda’s oil sector

October 16, 2011 Global AuthorPrime Minister Amama Mbabazi

KAMPALA, 14 October 2011 (IRIN) - Uganda has yet to produce a single barrel of oil, but with three senior ministers accused of accepting bribes from oil companies and the government seemingly ill-prepared for imminent large-scale oil production, the phrase “resource curse” is already being bandied about. . Read More

“Don’t let ‘oil rush’ gets the better of you”

September 16, 2011 Global Author

Namibia’s rich offshore oil finds, estimated to be in the tens of billions of barrels, could be promising, but not as yet, say economists.A group economist and industry advisor of Capricorn Investment Holdings (CIH), Rowland Brown, warns; “it seems a little early to be lighting the candles and cutting the cake”. Brown made the sobering statement in his latest regular... Read More

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Category: Development