Kenya has increased production of cheap hydropower following heavy rains that have filled up dams. Acording to Rebecca Miano, KenGen Managing Director, the overflowing dams will boost power generation in the country and also ensure stability of supply. Currrently, Masinga Dam, the largest dam among the Seven Forks, has risen to 1,045 metres. This is against a…
TRADE Union Congress of Tanzania (TUCTA) yesterday applauded the enactment of Public Service Social Security Fund Act to merge the various pension funds into two schemes. The trade union apex body welcomed the move, saying the merger will lead to lucrative packages for pensioners. Through the new legislation that the National Assembly enacted and President…
Renewable energy technologies have experienced dramatic cost declines in recent years, triggering a lasting surge in renewable energy development, writes Markus Steigenberger, international director of Berlin-based think tank Agora Energiewende. Advances in renewable technology in combination with growing concerns about the negative impacts of fossil fuel consumption have initiated a fundamental transformation of energy systems around…
Growthpoint Properties, the first South African company and real estate investment trust to issue a green bond programme on the JSE, celebrated the occasion with a bit of fanfare on Wednesday morning, 25 April. An extremely exhilarating countdown moment during @growthpoint Properties Green Bonds listing event @JSE. @GBCSA pic.twitter.com/8P96tWBxOp — GBCSA (@GBCSA) April 25, 2018 Green bonds raise money allocated for…
Laúca Hydropower Plant is about to become the largest hydropower plant in Angola, as the newly commissioned third power generation group brings the current installed power capacity to over 1,000MW. With these three generation groups in full operation, out of a total of six, Laúca surpasses the installed capacity of the Capanda (520 MW) and…
UseKamba, or Kamba for short, is an Angola-based fintech startup. Its mobile wallet application allows users to transfer funds between each other, buy airtime and pay bills. “The main reason behind the existence of Kamba is the need to revolutionise, boost, democratise and innovate financial and payment services in the Angolan market. Currently, there is…
Wärtsilä is set to engineer, manufacture and deliver a 130MW Flexicycle power plant, which will form an integral part of Senegal’s energy future. The Flexicycle solution is based on a gas, multi-fuel, or liquid fuel power plant combined with a steam turbine. The power solutions provider claims that its Flexicycle power plants can operate both…
The African Union last year embarked on a series of reformswith an aim to improve efficiency and impact of the organ on the continental population. The reforms cover multiple aspects, including self-financing, among others. The New Times’Collins Mwai caught up with Dr Donald Kaberuka, former president of African Development Bank, who is a member of the AU reform…