Kenya needs at least US $79.4m to repair roads that have been damaged by the ongoing heavy rains and floods.According to Transport Cabinet Secretary James Macharia, funds are required for immediate repairs of the roads across the country. “Now that the rains have subsided, we are going round the country to assess the roads,” said…
The Lagos State Government is now set for the commencement of the Embedded Power Supply Project by July 2018. It is targeted towards generating 3,000MW electricity for the State within the next three to five years. According to the Commissioner for Energy, Mr. Olawale Oluwo, the project when it takes off will start the journey…
An Urgent Call to Action for African Governments It is Africa’s solar power moment. African governments and Independent Power Producers (IPPs) recognize the incredible opportunity to overcome African electricity poverty by utilizing one of the continent’s most abundant natural resources — the sun. Solar power capacity comprises over 90 percent of an estimated 10 terawatts of sub-Saharan…
Tycoon Humphrey Kariuki’s Great Lakes Africa Energy (GLAE) has entered an agreement with the Mozambique government to generate electricity using natural gas for domestic use at a cost of Sh40 billion ($400 million). The UK-based pan-African energy solution firm develops and operates power projects in southern Africa. The agreement signed last Friday in Maputo will…
London-based private equity company Actis LLP will take an 88 percent stake in the 100-megawatt Kipeto Wind Power in Kenya after buying out most of the project’s other shareholders, one of the farm’s founders said. Kenneth Namunje said he and two partners at Craftskills Wind Energy International Ltd. will cede some shareholding to Actis and…
Zimbabwe has signed a US $1bn deal with Sinosteel Corp in a development that will see the Chinese firm building a 400MW coal bed methane-fired power plant in Matabeleland North Province and setting up new ferrochrome smelters at Zimasco. During the signing ceremony, President Emmerson Mnangagwa revealed that the first phase of the implementation will involve drilling of…
Amid great fanfare 44 African countries signed the long-awaited African Continental Free Trade Area (CFTA) earlier this year. The bloc is expected to boost intra-African trade – pegged at less than 20% – by eliminating import duties and scaling back tariffs. If fully implemented, a market of 1.2bn people with a combined GDP of $2.5…
Ivory Coast is set to construct a mega thermal power plant after a complete negotiations with the local unit of France’s Eranove SA over a US $530 m deal. That could result in expansion of the county’s generation capacity by 5%. The gas fired facility which will be owned by Cie Ivoirienne de Production d’Electricite,…
Tanzania Petroleum Development Corporation(TPDC) is currently seeking a transaction adviser in regards to it US$ 30bn natural gas project that is currently entering a vital developmental stage. This comes hardly a month after one of the gas pipeline development partners signified that it would be signing the Host Government Agreement with Tanzania later this year…
The federal government of Nigeria has signed a US $6.7bn contract agreement for the Ibadan-Kaduna segment of the Lagos-Kano rail line with China Civil Engineering Construction Corporation (CCECC). Commenting on the signed agreement, Yetunde Sonaike, Press Director, Federal Ministry of Transportation stated that the Minister of Transportation, Rotimi Amaechi, signed the contract and said the agreement was for the implementation of…