Monday, April 22, 2019
ZIMBABWE has become a magnet for billionaire global firms such as General Electric (GE) and the Enel Group of Italy, in what is seen by observers as a massive vote of confidence in the country’s investment opportunities and critically,...
The African Export-Import Bank (Afreximbank) expanded its shareholder-base, as it admitted JSC Russian Export Centre (REC), as the latest international financial organisation to join the institution. REC was admitted as a shareholder following its successful subscription to Class “C” shares...
Energy access in Africa is close to my heart. Bringing clean, renewable power to people instead of building coal-fired power stations is absolutely essential if we are going to tackle climate change. Despite great progress in recent years, still every...
Following prolonged delays in the expansion of the Hwange Thermal Power Station, due to financial constraints, the project has secured $116 million to proceed. The Zimbabwe Power Company (ZPC) is set to receive equity contributions from Standard Bank South Africa...
The African Development Bank (AfDB) said it has achieved a 100 per cent investment in renewable energy in the outgoing year, 2017, and also recorded a cumulative of 1,400 megawatts (MW) power generation projects exclusively from renewables within the...
Construction of the mega Stiegler’s Gorge power project in Tanzania is set to begin before July this year. This comes after the State opened the bids for the 2100MW hydropower project in August last year and its construction will...
NamWater has started to repair the two pumping lines that convey water from the Calueque Dam into the canal which feeds northern Namibia. The two pumping lines at the Calueque Dam started leaking in December 2017, just before the...
Dangote Cement Plc, Africa’s biggest producer of the building material, may carry out its long-planned listing of shares in London after Nigerian elections early next year, as it considers expansion through takeovers. “We are working on it and we’ll look at it...
Tycoon Humphrey Kariuki’s Great Lakes Africa Energy (GLAE) has entered an agreement with the Mozambique government to generate electricity using natural gas for domestic use at a cost of Sh40 billion ($400 million). The UK-based pan-African energy solution firm develops...
JPMorgan Chase & Co plans to expand its African presence into countries including Ghana and Kenya, Chief Executive Jamie Dimon said in an interview on Wednesday. “You’ll see us open in some countries we are not in, in Africa you’ll...
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