Wednesday, October 16, 2019
An Urgent Call to Action for African Governments It is Africa’s solar power moment. African governments and Independent Power Producers (IPPs) recognize the incredible opportunity to overcome African electricity poverty by utilizing one of the continent’s most abundant natural resources — the...
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...
The government of Zimbabwe has announced to have completed construction of US $3.5m Dry Port Facility at Walvis Bay in Namibia. Namibian Ambassador to Zimbabwe Balbina Daes Pienaar broke the news during her country’s 29th Independence anniversary celebrations. Construction of...
FinDev Canada, Canada’s development finance institution, has annoucned its first transaction, a $10m investment in M-KOPA, a ‘pay-as-you-go’ energy provider to off-grid homes in Kenya. M-KOPA has connected 600,000 homes across Africa, providing 75 million hours of kerosene-free lighting each...
Market research and analysis firm Frost & Sullivan have issued the 2018 Global Renewable Energy Outlook revealing that in 2018, renewable power generation capacity will grow by 13.3% and the global renewable investments will reach US $228.3bn this year. The renewable energy...
Delta State Governor Dr. Ifeanyi Okowa has revealed that commercial activities will be in full swing at the Asaba International Airport by July, this year. Speaking during an inspection visit to the airport, the Governor expressed joy that the contractor...
Kenyan local cement firms have criticized the quality of products being rolled out rival by some cement manufacturers. This comes after the government’s immense interest for infrastructure projects sparked the price and quality wars among firms in the country. Devki...
Bamburi Cement company in Kenya has issued a warning that their profits will be substantially lower than the preceeding year signaling a continued slide in the fortunes of the company as this isthe second consecutive year of less than sterling...
The government of Zambia has a reached a financial deal of US $47m with Bluebird Finance & Projects to support the construction of a multimillion agricultural centre in the north of the country. Ram Shalita, CEO of Bluebird confirmed the reports and said the...
Morocco has announced plans to develop a a 108 MW hydroelectric dam at a cost of US $300m. This decision is the result of a partnership agreement signed in Beijing by Omar Belmamoun, CEO of Platinum Power and Zhou Yongsheng, CEO...
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