Tuesday, June 25, 2019
The government of Nigeria has plans to cut power generation costs by 60%. This is after the Rural Electrification Agency (REA), entered into a partnership with the Rocky Mountain Institute (RMI) on behalf of the Federal government, to ensure there is success in...
Morocco is planning to invest a whopping US $40bn in the energy sector which includes a liquefied natural gas project by 2030. Confirming the reports was Minister of Energy, Mines, and Sustainable Development, Aziz Rebbah who said that US $30bn will...
Construction work on the Uganda-Tanzania oil pipeline seems closer to becoming a reality now that Tanzania has announced that they have completed geophysical and geological studies . This was announced by DR Kalemani Energy Minister for Tanzania who sought...
Senegal approved the sale of Millicom International Cellular SA’s mobile-phone business in the country to a group of investors that includes French billionaire Xavier Niel, a decision that may end a dispute over the transaction that began last year. President Macky...
Quoting Nelson Mandela and Charles Dickens, new Finance Minister Tito Mboweni’s climbed into the driving seat of South African economic policy, with aplomb, with his maiden mini-budget speech. His mere avuncular presence could revive comforting memories of better times...
The Federal Government of Nigeria is currently seeking a loan of about US $40bn to US $46bn to complete some ongoing rail projects and embark on new ones. This is according to Transportation Minister Rotimi Amaechi. “I think the rail sector is doing...
State-owned pension fund’s total assets under management grew 17 per cent to hit Sh196.9 billion in the six months to June 2017, consolidating its position as the largest in the country ahead of private Pinebridge Investments East Africa. The latest...
The federal government has announced that it has completed arrangements to concession six hydro power dams to private operators, who are in turn expected to build, operate and transfer them. Speaking at the 29th Power Sector Stakeholders’ meeting in Minna,...
Fitch Ratings has announced its decision to maintain Eskom Long-Term Local Currency Issuer Default Rating (IDR) and unguaranteed local currency senior unsecured ratings of ‘BB-‘. According to the South African parastatal, the ratings agency has simultaneously maintained the National Long-Term...
The Ethiopian Electric Power (EEP) is planning to restart operations of Reppie Waste-to-Energy power plant in three months after long disputes with contractors that led to delays in generating electric power. The disputes which was between EEP and two contractors,...
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