Petroleum / Mining in Rwanda
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BOTSWANA, 2017/05/04
Ghana and Nigeria are the first countries to respond to reports of European companies exploiting weak fuel standards in Africa. Stricter limits on the sulfur content of diesel will come into force on July 1.
Governments in West Africa are taking action to stop the import of fuel with dangerously high levels of sulfur and other toxins. Much of the so-called "dirty diesel" originates in Europe, according to a report published by Public Eye, a Swiss NGO, last year.
The report exposed what Public Eye calls the "illegitimate business" of European oil companies and commodities traders selling low quality fuel to Africa. While European standards prohibit the use of diesel with a sulfur content higher than 10 parts per million (ppm), diesel with as much as 3,000 ppm is regularly exported to Africa.
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BOTSWANA, 2016/05/11
Oil, gold, diamonds, palm oil, cocoa, timber: raw materials have long been linked to Africa in a lot of businesspeople’s minds. And in fact the continent is highly dependent on commodities: they constitute as much as 95% of some nations’ export revenues, according to the United Nations Conference on Trade and Development.
But propping a country’s entire economy on commodities is risky business, like building a mountainside home on stilts. You can’t be sure about the weather, or in this case the commodities market. The current free-fall of oil prices to less than $40 a barrel is a glaring example. “The commodities cycle has tanked out,” says Austin Okere, founder of Computer Warehouse Group (CWG), a Nigerian emerging multinational financial services company. “And this time it looks additional structural than cyclical, so it’s not a matter of waiting it out. Something has to give.”
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RWANDA, 2013/04/30
The delay by the International Conference of the Great Lakes Region (ICGLR) in auditing member nations could affect Rwanda’s mineral exports, government officials have warned. The audit by ICGLR is crucial if a country’s mineral certification chain is to be accepted in the international market.
“As a country we have been ready for the team of experts from ICGLR to carry out the audit,” said Evode Imena, Minister for Mines.
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RWANDA, 2013/01/01
Prime Minister Pierre Damien Habumuremyi recently told parliament that studies done so far have shown that there are very high prospects of oil deposits in East Kivu Graben region of Rwanda.
This is the prime ever solid confirmation from government on the stretched exploration activity by the Canadaian exploration firm, Vanoil Energy Limited.
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BOTSWANA, 2012/12/25
World gas request is projected to reach 3,460.7 billion cubic meters (bcm) in 2013, constituting an increase of 3.6% from 3,341.4 bcm in 2012. North America's gas consumption is estimate to reach 890.3 bcm in 2013, equivalent to 25.7% of world request. It would be followed by Asia & Australia with 720.8 bcm (20.8%), Eastern Europe & the Commonwealth of Independent States with 587.4 bcm (17%), Western Europe with 533 bcm (15.4%), the Middle East with 445.7 bcm (12.9%),
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RWANDA, 2012/12/09
Prime Minister Pierre Damien Habumuremyi recently told parliament that studies done so far have shown that there are very high prospects of oil deposits in East Kivu Graben region of Rwanda.
This is the first ever solid confirmation from government on the stretched exploration activity by the Canadaian exploration firm, Vanoil Energy Limited.
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RWANDA, 2012/05/05
Rwanda’s Prime Minister, Dr. Pierre Damien Habumuremyi, applauded private-ownership of Mazimeru hydro power plant in Muganza sector during his Thursday’s visit to Nyaruguru district, Southern Rwanda.
The 500 kilowatt-capacity Mazimeru hydro power plant was completely constructed by April, though activities had started back in 2009. The plant’s construction took up to Rwf 1.4 billion.
“I see this is well-done”, Prime Minister Dr. Habumuremyi was overheard as telling members of his visiting delegation, referring to Mazimeru hydro power plant.
