Africa’s telecommunication giant MTN is said to start selling about a third of its Ghanaian unit worth $754 million representing 35 percent of the $2 billion next week in an initial public offering. This will be 10 times larger than the West African nations previous biggest-ever share sale, according to a Bloomberg report. Based on…
Kenya Association of Manufactures, KAM has partnered with Electricity distributor, Kenya Power in investing US $15m in a power stabilization project in Nyanza and Western Kenya. The project will involve the installation of additional transformers and repair of existing sub stations to curb power outages that have affected power supply in the regions. Kenya Power managing director Ken…
Mozambique has signed an MOU agreement with GLAE, Great Lakes Africa Energy to construct a 250Mw gas-fired electricity generating power plant that will cost US $400m. The MoU agreement which was as a result of Mozambique’s Rovuma Basin domestic gas tender, the results of which were announced in January 2017 was signed by Mozambique’s Minister…
Kenya needs at least US $79.4m to repair roads that have been damaged by the ongoing heavy rains and floods.According to Transport Cabinet Secretary James Macharia, funds are required for immediate repairs of the roads across the country. “Now that the rains have subsided, we are going round the country to assess the roads,” said…
The Lagos State Government is now set for the commencement of the Embedded Power Supply Project by July 2018. It is targeted towards generating 3,000MW electricity for the State within the next three to five years. According to the Commissioner for Energy, Mr. Olawale Oluwo, the project when it takes off will start the journey…
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 sun. Solar power capacity comprises over 90 percent of an estimated 10 terawatts of sub-Saharan…