Saturday, August 8, 2020
One of Mozambique’s newest and strategically most important power stations has been refinanced with the support of the Emerging Africa Infrastructure Fund (EAIF). EAIF has signed a Participation Agreement with the International Finance Corporation (IFC) to provide a $21million B...
The Nigerian government is planning to generate 3,000MW of electricity by the year 2020. The plan includes 10, 000 mini-grids which will energize under served off-grid communities across the country. The Managing Director, Rural Electrification Agency (REA), Mrs Damilola Ogunbiyi...
Nigeria will probably maintain its system of multiple exchange rates, which the International Monetary Fund has long-urged it to scrap, until at least early 2020, according to Moody’s Investors Service. Merging the naira’s various rates any sooner might force the government...
Sebastiao Pedro struck it lucky in 2014 when, as a 21-year-old small-scale miner, he found a large red ruby in northern Mozambique. He sold it to a buyer from Vietnam for $43,000, returned to his family 900 miles away...
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,...
Zimbabwean President Emmerson Mnangagwa is set to commission Kariba South power expansion project’s first unit on 24th December, 2017. The unit will feed 150MW onto the national grid. The project has been undertaken by Chinese state-owned hydro-power engineering and construction...
WASHINGTON, April 26, 2018 — The World Bank today approved a $180 million International Development Association (IDA)* Guarantee to mobilize private sector financing to strengthen the financial position of Kenya Electricity Generation Company Limited (KenGen) and build energy security for...
‘The investor meetings have shown fantastic African interest because of the consumer growth,’ said CEO Christian Chammas. Vivo Energy’s bet on fuel demand growth in Africa earned it a market value of almost £2 billion ($2.7 billion) in the largest...
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...
Crude oil prices rose above $70 a barrel yesterday, signalling that production cuts by the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC had helped in tightening supplies. International Benchmark Brent crude oil sold for $70.13 per barrel during...
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