Thursday, August 22, 2019
Morocco and Portugal are set to construct an undersea electricity cable connecting between the two countries at a cost of US $800m. Portuguese Secretary of State for Energy Joao Galamba confirmed the reports and said that the two countries are conducting...
Within the first 100 days of his administration, President Muhammadu Buhari signaled his administration’s commitment to attracting the private capital and expertise needed to address Nigeria’s infrastructure deficit. This led to a renewed engagement between the World Bank Group...
Rwanda is set to construct a new hydropower plant dubbed ‘Nyaborongo 11 Hydropower Plant’ after the government signed a deal with China’s SynoHydro to construct the development at a cost of US $214m. The Head of Power Generation Projects Implementation...
To this effect, the Honourable Minister of the Department of Energy (DoE), Ms Tina Joemat-Pettersson, has made two determinations under the Electricity Regulations Act and the Electricity Regulations on New Generation Capacity. The first determination is for 600MW of...
Gambia has received US $161m from a partnership of the European Investment Bank, World Bank and European Union to harness solar power and clean energy. Gambia’s Finance Minister Mamburay Njie confirmed the reports and said the funds will be a boost towards...
(Updates Open Text and Eletropaulo Metropolitana; adds Xerox, Sanofi, Murray & Roberts, Goldman Sachs, Toys “R” Us and Fortis Healthcare) April 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: ** Top Xerox...
The US $1m Iconic Map of Africa Monument in South Africa has been unveiled after a year of construction at the Agulhas National Park in Southern Overberg region. Speaking during the launch ceremony Derek Hanekom, Tourism Minister, said the...
Blended financing is an emerging method of development funding that is being widely adopted by members of the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD). In 2015, the UN proposed its Sustainable Development Goals,...
The African Development Bank (AfDB) is advising on how funds can be secured for the construction of the 2,400MW Batoka Gorge Hydroelectric Power Project to commence. Public relations and communications manager at the Zambezi River Authority (ZRA), Elizabeth Karonga, stated that...
The establishment of the African Continental Free Trade Area (AfCFTA) is both ambitious and impressive, not the least of which because it created a platform for 53 heads of state across a vast and diverse continent to agree on...
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