Egypt is set to implement a 4MW solar power project in Uganda that is geared at improving the country’s renewable energy performance. Access to modern energy services through renewable energy development is a major concern for the energy sector in Uganda. The grant agreed between the two countries states that, Egypt will provide the necessary…
Ethiopian President Mulartu Teshome inaugurated the Reppie waste-to-energy facility, Africa’s first waste-to-energy facility set up in the country. President Mulatu during the inauguration event said investment in energy projects is crucial if Ethiopia is to achieve its aim of becoming an environmentally friendly industrialized middle-income economy by 2025. “As Africa’s first waste-to-energy facility, Reppie’s completion…
Johannesburg, South Africa; New York, USA; 17 August 2018: Africa investor (Ai), a leading international investment and communications group, today announced that the 12th annual Ai CEO Institutional Investment Summit will once again showcase the best of Africa’s Capital Market investment success stories through the prestigious Ai Capital Market Index Series Awards, which today released the official…
The Moatize-Macuse Railway Logistics Corridor, which is the largest infrastructure project in Mozambique, has reached its final stage, with the launch scheduled for 2019 and completion in 2022. This is according to the new newsletter, China-Lusophone Brief (CLBrief). The 639 km railway will transport coal from the mines of Moatize and Chitima in Tete to a new…
The federal government has announced that it has completed arrangements to concession six hydro power dams to private operators, who are in turn expected to build, operate and transfer them. Speaking at the 29th Power Sector Stakeholders’ meeting in Minna, Niger State, Minister of Power, Works and Housing, Mr. Babatunde Fashola disclosed that the move…
The federal government has announced that it has completed arrangements to concession six hydro power dams to private operators, who are in turn expected to build, operate and transfer them. Speaking at the 29th Power Sector Stakeholders’ meeting in Minna, Niger State, Minister of Power, Works and Housing, Mr. Babatunde Fashola disclosed that the move…
South African President Cyril Ramaphosa has proposed setting up a sovereign wealth fund to help boost economic growth, and his ruling African National Congress (ANC) backs the plan, two senior party officials said on Tuesday. Ramaphosa, who replaced scandal-plagued Jacob Zuma as ANC leader late last year, is trying to rekindle growth before next year’s…
Algerian state energy firm Sonatrach is in talks with 14 international firms for a joint venture to trade oil and gas products after agreeing to buy its first overseas refinery, its CEO said on Thursday. “I am happy to say that 14 firms are on the list to do a JV on trading with us,”…
Sebastiao Pedro struck it lucky in 2014 when, as a 21-year-old small-scale miner, he found a large red ruby in northern Mozambique. He sold it to a buyer from Vietnam for $43,000, returned to his family 900 miles away and built a house with the proceeds. Then the money ran out. This year he went…
The World Bank has agreed to offer the Government of Liberia an initial US $500m for road projects across the country. This is according to Information Minister, Lenn Eugene Nagbe. The Information Minister, Mr Nagbe said the government is considering the offer in a positive manner adding that modalities are ongoing to ensure that the money is made available. Upon…