Monday, July 22, 2019
Africa and Asian countries are expected to take a strong stand on energy at the World Bank/International Monetary Fund (IMF) spring meetings in Washington, next week. They would be pushing for the Bretton Wood Institution to change the position that...
The Ugandan cabinet has authorized US $150m loan from the International Development Association (IDA), a member of the World Bank Group, for the construction of safe water sources in more than 20 districts, municipalities, town councils and refuge hosting areas across...
Construction work on the Uganda-Tanzania oil pipeline seems closer to becoming a reality now that Tanzania has announced that they have completed geophysical and geological studies . This was announced by DR Kalemani Energy Minister for Tanzania who sought...
The federal government has announced that it has completed arrangements to concession six hydro power dams to private operators, who are in turn expected to build, operate and transfer them. Speaking at the 29th Power Sector Stakeholders’ meeting in Minna,...
New York-headquartered computing firm Soluna, is building wind-powered blockchain computing infrastructure in Morocco, to bring a clean and sustainable alternative to the current cryptocurrency mining approach. The firm plans to develop its own 900MW wind farm power plant in Morocco...
Kenya needs at least US $79.4m to repair roads that have been damaged by the ongoing heavy rains and floods.According to Transport Cabinet Secretary James Macharia, funds are required for immediate repairs of the roads across the country. “Now that...
In Africa, there has been the emergence of an ecosystem built around pension funds. A recent institutional investor study estimated that the ten largest funds in Africa held a combined $310 billion in assets. This has transpired for a number...
The World Bank has approved of $2.1bn loan for seven projects to be executed in Nigeria. The loan was announced in a statement issued by World Bank Country Director for Nigeria, Rachid Benmessaoud in Abuja on Thursday. According to the statement,...
The Government of Uganda is set to receive a boost to its energy sector after India has offered a loan of US $141m to help the East African country expand its electricity distribution infrastructure. According to Ugandan President Yoweri  Museveni,...
Ghana has kicked off construction of the biggest bitumen plant in West Africa. Chief Operating Officer of Goil, Alex Josiah Adzew announced the reports and said that the contract has already been awarded has begun the establishment...
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