Wednesday, November 21, 2018
The Kenya Power Pension Fund (KPPF) has been named the best fund in Africa. This is after it emerged the winner of the category in the recently-held Africa Investor (Ai) Capital Market & Index Series Awards in New York, USA. The...
Tunisia is set to launch an international tender for the procurement of 1,000MW of wind and solar power, a project that is estimated to be worth US$1.04bn The North Africa country aims to boost renewable energy production. (Image source: Andreas/Pixabay) As...
Nigeria is ready to embrace tunneling technology and underground space utilization; the Minister of Transportation, Rotimi Amaechi has said. The minister has also expressed his support for the inclusion of tunneling engineering in the academic curriculum of the Nigerian...
Eskom has rubbished weekend news reports that a World Bank loan may be recalled. Despite a recent board overhaul, the embattled power utility was downgraded by rating’s agency Moody’s late Friday. It faces further downgrades if it’s not able to service...
Ivory Coast is set to construct a mega thermal power plant after a complete negotiations with the local unit of France’s Eranove SA over a US $530 m deal. That could result in expansion of the county’s generation capacity...
A US$ 62m transport university is set to be constructed in Tanzania by the Chinese government; the mega institution will help cater for all the transport needs in the country. A statement that was released after President John Magufuli met...
China Telecom Global (CTG), a subsidiary of China Telecom Corporation Limited – providers of integrated telecommunication services, and Liquid Telecom, a pan-African telecoms group, announced the signing of a historic strategic partnership whereby the two companies will collaborate to...
Investment company, Teleology Holdings has finalised its takeover of 9mobile with payment of $50 million in fulfilment of the terms for the acquisition of the telecommunications company. Teleology has detailed a plan of action that will guide its rapid overhaul...
The Ministry of Mines and Energy has signed a power generation concession agreement with a Pan-African industrial group, Eranove, for the development of Kékéli Efficient Power station. The contract covers the design, financing, construction, commissioning, operation and maintenance of the power plant. The...
Kenya’s government is seeking proposals from banks about a possible $2 billion Eurobond offering in the first quarter of 2018, according to two people familiar with the matter. The East African nation’s Treasury asked banks for pitches on how to structure...
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