Monday, September 16, 2019
Chinese electrical engineering group CHiNT Electric has committed a $52 million guarantee for the 100MW Gwanda solar farm. The Chinese company said it is willing and ready to provide a guarantee covering 30% of the engineering, procurement and construction (EPC)...
US-based advisory service firm CrossBoundary, in partnership with The Rockefeller Foundation have officially launched the Mini-Grid Innovation Lab in Nairobi, Kenya. The Lab, with support from The Rockefeller Foundation, is the first R&D Fund for Sub-Saharan Africa that focuses exclusively...
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...
Lekki Port LFTZ Enterprise (LPLE), the promoters of Lekki Deep Sea Port and the CMA CGM Group, a leader in maritime transport, have signed a Memorandum of Agreement to operate Lekki Port’s future container terminal. Located in Nigeria, Africa’s largest...
The annual Kaduna Investment Summit has great economic potentials, but its fulfilment rests heavily on how well government is able to manage the alarming security situation in the state, reports John Shiklam Kaduna State aspires to be a leading commercial and...
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...
THE African Medallion Group (AMG) has introduced a US$1 billion gold-backed bond certificate, a global solution that enables people from anywhere in the world to invest in and enjoy the benefits of owning the special metal. The development is expected...
The African Development Bank (AfDB) is advising on how funds can be secured for the construction of the 2,400MW Batoka Gorge Hydroelectric Power Project to commence. Public relations and communications manager at the Zambezi River Authority (ZRA), Elizabeth Karonga, stated that...
The government of Uganda has signed the contract for the construction of the $4bn oil refinery, offering further clarity on how the country's oil resources will be exploited. Minister of Energy and Mineral Development, Irene Muloni, signed the contract with...
DAKAR (Reuters) - The International Monetary Fund said it is resuming loan disbursements to Chad after the Central African oil producer reached an agreement in principal to restructure its more than $1 billion debt to Glencore (GLEN.L) and four...
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