Kenya’s economy grew at the fastest pace since 2016 in the first quarter as the country reaps the benefits of a calmer political climate and resurging agricultural output. Gross domestic product in East Africa’s largest economy expanded 5.7 percent in the three months through March from a year earlier, compared with a revised 5.3 percent…
The World Bank has approved of $2.1bn loan for seven projects to be executed in Nigeria. The loan was announced in a statement issued by World Bank Country Director for Nigeria, Rachid Benmessaoud in Abuja on Thursday. According to the statement, the loans were approved in Washington on Wednesday and are for seven projects to…
New World Bank support and some improvements in performance underpin government claims that Abuja can turn around Nigeria’s dysfunctional electricity supply industry, but with gencos going to court to obtain full payments of their bills, the outlook remains difficult – even though the project pipeline recorded by African Energy Live Data offers some reasons for…
Although Africa has recorded strong economic growth in recent years, and will continue to do so this year, its gains will remain fleeting until it undergoes a long-awaited transition away from commodity exports and toward manufacturing. That, in turn, will require leaders who are willing to put the economy before narrow political considerations. ABIDJAN –…
Kenya is set to open phase one of the US $108.6m Dongo Kundu bypass for public use by next week. This is according to KeNHA’s Coast Regional Director,Jared Makori. The bypass project which started in July 2016 is expected to decongest the Mombasa-Nairobi highway. The project runs from Mombasa Port’s second container terminal and links the…
South African state owned utilty Eskom Holdings SOC Ltd has signed a Power Purchase Agreement, PPA with Building Energy for the construction of the 147 MW wind farm in Roggeveld and a 4.7 MW mini hydroelectric plant in Free State which will see the overall investment in the construction of the two plants amounts to US $376 m. The…
Construction arrangements are underway to kick start the Berbera Port expansion project. The port development is tripartite agreement between the United Arab Emirates (UAE), Ethiopia and the Government of Somaliland. Ali Ismail Mohamed, Head of Port Operations with the UAE based DP World Group Visited the Port of Berbera which is located 154 km out of the capital Hargeisa. On…
As East Africa’s oil producers race to meet their production targets, funding and infrastructural development hurdles threaten to delay the projects. Uganda, for instance, has been forced to rethink its early oil production date of 2020, after it became evident that the refinery at Hoima, which is expected to serve the domestic and neighbouring markets,…
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…