Wednesday, October 16, 2019
One of Mozambique’s newest and strategically most important power stations has been refinanced with the support of the Emerging Africa Infrastructure Fund (EAIF). EAIF has signed a Participation Agreement with the International Finance Corporation (IFC) to provide a $21million B...
Zimbabwean President Emmerson Mnangagwa is set to commission Kariba South power expansion project’s first unit on 24th December, 2017. The unit will feed 150MW onto the national grid. The project has been undertaken by Chinese state-owned hydro-power engineering and construction...
Following prolonged delays in the expansion of the Hwange Thermal Power Station, due to financial constraints, the project has secured $116 million to proceed. The Zimbabwe Power Company (ZPC) is set to receive equity contributions from Standard Bank South Africa...
Energy access in Africa is close to my heart. Bringing clean, renewable power to people instead of building coal-fired power stations is absolutely essential if we are going to tackle climate change. Despite great progress in recent years, still every...
ZIMBABWE has become a magnet for billionaire global firms such as General Electric (GE) and the Enel Group of Italy, in what is seen by observers as a massive vote of confidence in the country’s investment opportunities and critically,...
Crude oil prices rose above $70 a barrel yesterday, signalling that production cuts by the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC had helped in tightening supplies. International Benchmark Brent crude oil sold for $70.13 per barrel during...
JPMorgan Chase & Co plans to expand its African presence into countries including Ghana and Kenya, Chief Executive Jamie Dimon said in an interview on Wednesday. “You’ll see us open in some countries we are not in, in Africa you’ll...
Burkina Faso has launched West Africa’s largest solar power plant- Zagtouli solar power plant. This is in a deliberate move by the country to boost renewables and cut energy dependence on its neighbours. The US $56.27m project has been funded in part...
Algeria’s state-run oil company Sonatrach signed an agreement, Monday, with the Libyan National Oil Corporation (NOC) to run a number of crude oil fields located on the borders between the two countries. The agreement included updating a study that was...
The head of Libya’s National Oil Corporation, Mustafa Sanalla has said oil smuggling is costing Libya around $770 million annually. He said this while speaking at the first ever oil and theft conference in Geneva, Switzerland. He says at least 30 percent...
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