World Business News

ALLIED Timber Holdings has entered into a partnership with Indian investors to establish a small power plant.

The venture, known as Zimbabwe Green Energy, plans to build a two-megawatt biomass gasification power plant in Chimanimani.

In 2002, Kenya's government announced a plan to embark on some ambitious infrastructure projects, including some that it hoped would kickstart Kenya's move towards a greener economy.

The UAE has expressed an interest in co-operating with Angola in the African country's oil and gas sectors, according to Angolan oil minister Botelho de Vasconcelos.

Statoil has signed a three-year contract for the Stena Carron drillship for exploration drilling in the pre-salt blocks (blocks 38 and 39) in the Kwanza basin offshore Angola