The Nigerian Sovereign Investment Authority (NSIA) recently released its 2017 financial report. One of the takeaways from that report is that net profit took a turn for the worse falling from N149 billion to N27 billion representing a decrease of 82%. The media is already awash with that news and we will, therefore, not bother…
On Thursday, the World Bank revealed that in fiscal year 2018, 32.1% of its financing had climate co-benefits – already exceeding the target set in 2015 that 28% of its lending volume would be climate-related by 2020. “We have not just exceeded our climate targets on paper, we have transformed the way we work with…
The Central Energy Fund of South Africa and ACWA Power have entered into a cooperation agreement to co-invest in renewable energy projects the first of which will be the 100MW Redstone concentrated solar thermal power (CSP) plant in the country’s Northern Cape Province. The agreement was signed on the occasion of South African President, Cyril…
The Zimbabwe National Water Authority (Zinwa) is set to introduce prepaid water system for all local authorities by September this year and institute stop order payment arrangements for other bulk water consumers in order to rein in problem debtors. According to Acting chief executive Engineer Taurai Maurukira, during Zinwa’s annual general meeting (AGM) in Harare,…
Plans are underway to build South Africa’s first solar-powered desalination plant at Witsand in the Hessaqua municipality.This will be an addition to at least four desalination plants operating in the Western Cape. French ecology minister Nicolas Hulot who attended the launch of the project together with Western Cape finance MEC Ivan Meyer said the french…
Construction works of Bamburi Cement at its Nairobi Grinding Plant is now complete with the commissioning of the US $40m plant planned for the last quarter of this year. This initiative will see cement production for the company with the new line injecting additional production capacity of 900,000 metric tonnes per year to increase total capacity at…
Construction of the 530 km Lamu-Isiolo road is set to kick off this August 2018 after the government secured US $616.6m funding, a move that will open up the formally marginalized northern frontier counties and boost trade between Kenya and neighboring Ethiopia and South Sudan.The Development Bank of South Africa is funding the 4 year…
Over 70% of people in Ethiopia have no access to electricity. Although the grid covers about 60% of the towns in the country. To bridge electricity connectivity gap, the country is setting up new substations This gap necessitates for the government to seek various partnerships that will assist in connecting this number of people to…
The government of Tanzania, through the ministry of energy has come up with a strategy that will enable electrification of all islands in the country through renewable energy. This was revealed by the deputy minister, Ms Subira Mgalu, at the weekend during her tour of Mafia where she inspected implementation of some power projects. Speaking…
Zimbabwe and Zambia have agreed on principles for the US $5bn Batoka Gorge Hydro Electricity project secured by Harare, paving way for a technical meeting this week between experts from two the countries. Zimbabwe recently received an expression of interest from General Electric Africa to undertake the 1 600MW power project along the Zambezi River,…