Monday, September 24, 2018
Aliko Dangote has made a fortune out of cement and food processing. Now, Africa’s richest person is embarking on a bigger challenge: a $15 billion investment in oil, gas and petrochemicals that could, if he pulls it off, transform Nigeria’s...
The country’s shady internal politics and complex regulatory framework meant that only the hardiest investors braved Africa’s largest market. As in the Great American West, prospectors would set out with gold in their eyes; seeing risk as opportunity if...
The Central Energy Fund of South Africa and ACWA Power have entered into a cooperation agreement to co-invest in renewable energy projects the first of which will be the 100MW Redstone concentrated solar thermal power (CSP) plant in the...
Zimbabwe and Zambia have agreed on principles for the US $5bn Batoka Gorge Hydro Electricity project secured by Harare, paving way for a technical meeting this week between experts from two the countries. Zimbabwe recently received an expression of interest...
The Nigerian Sovereign Investment Authority (NSIA) recently released its 2017 financial report. One of the takeaways from that report is that net profit took a turn for the worse falling from N149 billion to N27 billion representing a decrease...
Ethiopian President Mulartu Teshome inaugurated the Reppie waste-to-energy facility, Africa’s first waste-to-energy facility set up in the country. President Mulatu during the inauguration event said investment in energy projects is crucial if Ethiopia is to achieve its aim of becoming...
South Africa has expressed disappointment at not being granted exemption from the US Section 232 steel and aluminium tariff duties. Monday, 30 April, US President Donald Trump signed proclamations granting permanent country-exemptions to a select number of countries and extended...
Construction of the 530 km Lamu-Isiolo road is set to kick off this August 2018 after the government secured US $616.6m funding, a move that will open up the formally marginalized northern frontier counties and boost trade between Kenya...
Tanzania has licensed a subsidiary of Australia’s Windlab Ltd to build 300MW Miombo Hewani wind farm, the first wind farm in the country at a cost of US $300 m. Windlab Developments Tanzania Ltd, who obtained an environmental and social...
The government of Tanzania, through the ministry of energy has come up with a strategy that will enable electrification of all islands in the country through renewable energy. This was revealed by the deputy minister, Ms Subira Mgalu, at...

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