Monday, October 21, 2019
The government on Tuesday re-affirmed its commitment to renewable energy as part of the country’s energy mix while dodging any mention of its plans for nuclear energy. Energy minister Jeff Radebe delivered a keynote address at the African Utility Week...
State-owned utility Ethiopia Electric Power (EEP) has invited private project developers to finance, and foresee the construction of Didesa hydroelectric power project. The project company will be evaluated and selected if they submit the least bid price and tariff charges...
Construction works of US $3.5m world class cruise ship terminal at the Port of Mombasa is set to be completed in August next year. Tourism and Wildlife Cabinet Secretary (CS) Najib Balala confirmed the reports and said that completion of the cruise ship...
A consortium led by Enel Green Power has been chosen as the preferred bidder to construct a 100MW solar photovoltaic (PV) plant in Metehara, Oromia, Ethiopia. The consortium, which also includes Ethiopian infrastructure firm Orchid Business Group, will invest around...
The Kenyan government has secured a whopping US$ 220m for water and sewerage projects in Mombasa and Kisumu. The funding is a deal in concessional loans and a grant with three European agencies. Treasury secretary Henry Rotich recently confirmed the...
Construction works of phase 2 Oxford Parks Project in South Africa is set for completion in September 2020. This is according to construction company in charge Concor Buildings. The project which is situated at the 199 Oxford Road have two...
Phase two of reconstruction of Kumasi Central Market has commenced. President Akufo-Addo presided over the ground breaking ceremony. The mega project estimated to cost US $278m, is being constructed by Messrs Contracta Construction Company of the United Kingdom (UK) while the Bank of...
Ethiopia needs $7.5 billion to finish infrastructure projects such as a massive dam and roads that the government hopes will drive industrialisation, the new prime minister said on Friday. Speaking to parliament before its vote on the 2018/19 budget, Abiy...
Kenya is set to commence construction of a second bridge Nyali crossing in Mombasa. This is after the Kenya Urban Roads Authority (KURA) identified three firms to partner with under Public-Private Partnership (PPP). Kura communication officer John Cheboi confirmed the reports and said the...
The offshore allocation limits for institutional investors like pension funds were recently increased from 25% to 30% and the special allocation to African investments (outside South Africa) from 5% to 10%. This means that investors may now allocate up to...
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