Monday, September 16, 2019
The government of Malawi has signed a US $150m IFC InfraVentures, an investment fund of the World Bank Group for the construction of Mpatamanga hydroelectric project in southern Malawi. The financial institution will  be responsible in all decisions relating to the development of...
Two UK firms, BBOXX, an off-grid energy solution provider, and Lendahand Ethex, a UK-based online impact investor, are in a partnership to raise US $3m to extend the roll-out of life changing solar energy systems across Rwanda and four other...
A total of 10, 000 LED Street lights are set to be installed in Lagos, Nigeria by a United Kingdom firm, Low Energy Designs (LED) Limited. The Lagos State Government recently entered into a partnership with the UK Company. The mega...
Angola is set to receive US $51m boost from the British government to build three hospitals and upgrade two power stations in the country. Baroness Northover, the prime minister’s trade envoy for Angola and Zambia  confirmed the reports and said the deal will...
German industrial group Siemens and French rival Alstom agreed to merge their rail operations, creating a European champion to better withstand the international advance of China's state-owned CRRC. Siemens will own 50 percent plus a few shares of...
‘The investor meetings have shown fantastic African interest because of the consumer growth,’ said CEO Christian Chammas. Vivo Energy’s bet on fuel demand growth in Africa earned it a market value of almost £2 billion ($2.7 billion) in the largest...
Construction work on the Uganda-Tanzania oil pipeline seems closer to becoming a reality now that Tanzania has announced that they have completed geophysical and geological studies . This was announced by DR Kalemani Energy Minister for Tanzania who sought...
Saudi Arabia’s sovereign wealth fund is nearing an agreement to buy about a 10 percent stake in ACWA Power International ahead of an initial public offering by the Riyadh-based energy producer, according to people with knowledge of the matter. The...
The African Development Bank (AfDB) and African Trade Insurance Agency (ATI) have announced the successful completion of a US$500 million credit insurance deal structured to cover a portion of the Bank’s portfolio of non-sovereign operations in Africa. This transaction is...
Egypt’s Nuclear Power Plants Authority (NPPA) has received a permit of site approval for the El Dabaa site from the Egyptian Nuclear Regulation and Radiological Authority (ENRRA). The permit endorses that the site and its specific conditions comply with national and...
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