The Namibian government, through the Interim renewable energy feed-in tariff project, has managed to connect nine of the 14 projects to the national electricity grid. The interim renewable energy feed-in tariff (REFIT) projects managed to feed a total of 93GW of electricity into the national grid in 2017. According to Mines and energy minister Tom…
WASHINGTON, April 26, 2018 — The World Bank today approved a $180 million International Development Association (IDA)* Guarantee to mobilize private sector financing to strengthen the financial position of Kenya Electricity Generation Company Limited (KenGen) and build energy security for all Kenyans. The project will build on Kenya’s gains that have diversified the energy mix and…
South Africa has expressed disappointment at not being granted exemption from the US Section 232 steel and aluminium tariff duties. Monday, 30 April, US President Donald Trump signed proclamations granting permanent country-exemptions to a select number of countries and extended by one month the Section 232 steel and aluminium tariff duty exemptions for some. “South…
Japanese multinational conglomerate Toshiba and Malawi’s Ministry of Natural Resources, Energy and Mining (MNREM) have concluded a memorandum of understanding (MoU) for the development of geothermal power. The MoU anticipates a comprehensive partnership in geothermal power projects including capacity building programmes in relation to the technology. Under the terms of the MoU, Toshiba will collaborate…
A Chinese clean energy company, Hanergy Group, has launched a solar-powered project dubbed Humbrella. The innovation, aimed to light up African villages, forms part of the company’s corporate social responsibility. A company statement underlined that thin-film solar power research and development has been the main focus at Hanergy since 2009. As a result, nine years later,…
The world is not on track to meet the global energy targets for 2030 set as part of the Sustainable Development Goals, however real progress is being made in areas of expansion of access to electricity in least developed countries as well as industrial energy efficiency. This is according to the Tracking SDG7: The Energy Progress…
Namibia will reduce the size of the planned Kudu Power Station after off-take agreements with South Africa’s Eskom and Zambia’s Copperbelt Energy Corporation failed to materialize, the chief executive of power utility NamPower said on Friday. Namibia’s offshore Kudu Gas Fields have proven and probable recoverable reserves estimated at more than 3.3 trillion cubic…
The company has cleaned up its legacy investments and now targets a further R4bn asset growth. Vunani might have hit the headlines because of some of its controversial corporate advisory clients. But the future of the financial services group lies with its more stable fund management and benefit services businesses. The failure of the Sagarmatha…
Data released by the hospitality community, Airbnb, reveals that guests are travelling off the beaten track, to towns and cities others often overlook. According to the data, Bloemfontein, South Africa’s judicial capital, has tripled the number of guest arrivals in an Airbnb listed home compared to summer 2016/2017. As expected, South Africa is still the…
Construction of the 1,600km Trans-Saharan Highway project in Algeria is complete. The Secretary General of the Trans-Saharan Liaison Committee, Mohamed Ayadi revealed the completion of the highway project in Algiers during the the 68th session of the committee. In order to carry out its realization as soon as possible, the meeting focused on the review of the highway project progress…