Wednesday, January 16, 2019
Investors want policy certainty about the integrated resource plan (IRP) before they put their money behind gas projects, says an independent power producer. Linda Mabhena-Olagunju, founder and managing director of DLO Energy – a group of companies working within the...
Reflecting on progress on the Zambia, Tanzania and Kenya (ZTK) power interconnector project since 2014, Kenya demonstrates readiness so far. According to the East African Business, the Kenya section is fully financed and already under construction, while Zambia requires $160...
UseKamba, or Kamba for short, is an Angola-based fintech startup. Its mobile wallet application allows users to transfer funds between each other, buy airtime and pay bills. “The main reason behind the existence of Kamba is the need to revolutionise,...
The Ghanaian government has set aside US $230m to promote the use of renewable energy in Ghana, particularly in off-grid communities across the country. According to the Deputy Director of Renewable Electricity at the Ministry of Energy, Seth Mahu, the...
Wärtsilä is set to engineer, manufacture and deliver a 130MW Flexicycle power plant, which will form an integral part of Senegal's energy future. The Flexicycle solution is based on a gas, multi-fuel, or liquid fuel power plant combined with a...
The Federal Government of Nigeria has assured that work on the Apapa corridor of the Lagos-Ibadan Rail project will commence this August. Lagos State Governor Akinwunmi Ambode confirmed the statement and commended the Government’s action expressing optimism that the development...
The lender sees risks to its 2.4 percent estimate for 2018 “as being tilted to the upside,” Goldman economist Andrew Matheny said in an emailed note. Goldman increased its prediction from 1.5 percent after Cyril Ramaphosa was elected as...
Kenya has increased production of cheap hydropower following heavy rains that have filled up dams. Acording to Rebecca Miano, KenGen Managing Director, the overflowing dams will boost power generation in the country and also ensure stability of supply. Currrently, Masinga Dam, the...
Considering the strong growth in mobile subscription and mobile broadband across West African countries, Nigeria inclusive, a new GSMA study, which was released at the recently concluded Mobile 360 African Forum in Abidjan, Côte d’Ivoire, has predicted that the mobile industry in...
The Board of Directors of the African Development Bank on Wednesday, 18 July  2018, approved an unfunded US$ 250-million Risk Participation Agreement with ABSA Bank Limited. This Risk Participation Agreement housed within African Development Bank’s Trade Finance operations will enhance...
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