Tuesday, May 26, 2020
The World Bank has approved US $486m credit and scale up facility which aims to boost electricity transmission by increasing power transfer capacity of transmission networks in Nigeria. According to the Senior Communications Officer, Nigeria Olufunke Olufon, the International Development Association (IDA) facility is...
Disillusioned by the economic leadership of Robert Mugabe, the people of Zimbabwe are looking to their new President Emmerson Mnangagwa to bring the country back from the brink of disaster. And for business owners the need for help is critical. Al...
Nissan Motor Co. Ltd. plans to start assembling vehicles in Kenya, bolstering government plans to develop a regional auto-manufacturing hub in East Africa’s biggest economy. The Japanese automaker is the latest to target Kenya after Volkswagen AG, PSA Peugeot and CNH Industrial...
Gender equality could have a significant impact on rural electrification moves in sub-Saharan Africa, new data suggests. Fenix International, which sells off-grid solar kits in Uganda and Zambia, has uncovered a gender difference: Although only 20 percent of its kits...
DAR ES SALAAM (Reuters) - Tanzania has approached the African Development Bank (AfDB) to finance a 2,100-megawatt (MW) hydroelectric plant in a World Heritage site renowned for its animal population, despite concerns from conservationists. The East African nation considers the...
Nigeria’s central bank said on Wednesday it had ordered South African telecoms firm MTN and four banks to bring $8.134 billion back into the country that MTN had illegally sent abroad in breach of foreign exchange regulations. The news...
The European Investment Bank (EIB) has indicated that it’s preparing a €155 million ($192 million) loan package for the 70MW Akiira Geothermal Project in Naivasha, in Nakuru County, Kenya. The project includes a consortium of investors from Kenya, the US...
SAO PAULO, March 8 (Reuters) - Brazil’s state-controlled oil company Petróleo Brasileiro SA said on Thursday to start the binding phase in the process to sell 100 percent of subsidiary Petrobras Oil & Gas B.V., according to a securities...
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 German government is set to invest US $86.2m in Zambia’s energy sector for its development. This is after every stakeholder in the Zambian economy agreed on the need to prioritize energy development. According to the German Ambassador to Zambia,...
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