Friday, November 16, 2018
Inspired Evolution a Cape Town-based  investment management business has struck a deal to pour up to US $36m into solar developer Alten RE Developments Africa BV (Alten Africa) and its 225MW power portfolio. The US $36m investment will be through...
Construction works on Tanzania’s US $432m Kinyerezi II power project is set to be completed in October this year. This is according to the site’s Genaral Manager, Mr Shoji Watababe. “We are currently working on a few technical issues before completing the...
The African Union last year embarked on a series of reformswith an aim to improve efficiency and impact of the organ on the continental population. The reforms cover multiple aspects, including self-financing, among others. The New Times’Collins Mwai caught up with Dr...
Discovery Ltd has agreed to buy banking group FirstRand’s 25.01 percent stake in a financial joint venture for $120 million, paving the way for the South African insurer to launch its own bank later this year. Discovery, which offers health,...
The world is not on track to meet the global energy targets for 2030 set as part of the Sustainable Development Goals, however real progress is being made in areas of expansion of access to electricity in least developed...
Abu Dhabi Investment Authority (ADIA), world's third-biggest sovereign wealth fund, said it may invest more in renewable energy, as climate change fears prompt fund managers to look beyond fossil fuels. Abu Dhabi Investment Authority (ADIA), the world's third-biggest sovereign wealth...
French renewable energy producer, Voltalia has obtained permits for the development of two hydropower plants with a capacity of 9.8MW and 7.2MW, respectively in Morocco. Delivered by the Moroccan Ministry for Energy, the permits relate to two hydropower plant...
Kenya has officially launched its second largest wind firm, the Kipeto Wind Power project by Overseas Private Investment Corporation (OPIC) – the US government’s development finance institution and Actis. The African Trade Insurance Agency (ATI), the Pan-African trade and investment insurer, said it has...
Laúca Hydropower Plant is about to become the largest hydropower plant in Angola, as the newly commissioned third power generation group brings the current installed power capacity to over 1,000MW. With these three generation groups in full operation, out of...
The African Development Bank (AfDB) is taking the lead in facilitating the takeoff of one of Africa’s largest infrastructureproject − the $5-billion Nacala corridor rail and port project, supporting the project with $300-million from its private sector window. After years...
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