Wednesday, December 13, 2017
The African Development Bank (AfDB) has approved $324-million in loan support to two renewable energy projects in Morocco and Côte d’Ivoire that are expected to significantly increase power supplies and boost economic growth in those countries. The loan support is...
Egypt’s ministry of power will offer tenders in the first quarter of 2018 for the development of solar power plants with a cumulative capacity of 500MW. Arab and international companies presented their offers to the New and Renewable Energy Authority...
Guinea will be allowed $650 million in non-concessional borrowing under a new three-year International Monetary Fund (IMF) programme, allowing it to boost spending on infrastructure projects, the finance minister said on Tuesday. The IMF is itself lending Guinea - Africa's...
President Nana Addo Dankwa Akufo-Addo has posited that the story of Africa’s hitherto inability to develop is primarily the story of bad governance and our damaging colonial heritage. Speaking at a high level Africa round-table meeting on the UN Sustainable...
Harith General Partners CEO Tshepo Mahloele had bought an unspecified stake in 4 Africa Exchange (4AX) through LeBashe Financial Services, the new bourse said on Monday. Mahloele has been added to the exchange’s six nonexecutive directors, which include Maponya Group...
The renewable energy sectors of Ivory Coast and Morocco have both received a boost to further develop their planned projects. The African Development Bank (AfDB) has approved $324 million in loans to support renewable energy projects in these two countries,...
ABDIJAN, Dec 9 (Reuters) - The African Development Bank said on Saturday it had approved a $100 million loan to develop a bauxite mine in northwest Guinea, as the West African country works to treble output by 2020. The money...
The Nigerian government is planning to generate 3,000MW of electricity by the year 2020. The plan includes 10, 000 mini-grids which will energize under served off-grid communities across the country. The Managing Director, Rural Electrification Agency (REA), Mrs Damilola Ogunbiyi...
Kenya hopes to construct its first nuclear power plant by 2027, Nuclear Energy Board Chief Executive Collins Juma has said. A special unit will be formed to source for funds for the project that is estimated to cost US...
Kenyatta University (KU) in Kenya has switched on the first phase of a US $17m 100KW solar plant that will see the institution generate its own electricity and later offload excess power onto the national grid once the second...

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