Telkom Kenya, the third largest mobile phone provider by subscription has announced a partnership with American Tower Corporation for the acquisition of tower masts in Kenya which expands the American company’s hold in Kenya. The two companies announced that they have reached a definitive agreement for ATC to acquire up to 723 towers from TKL…
FinDev Canada, Canada’s development finance institution, has annoucned its first transaction, a $10m investment in M-KOPA, a ‘pay-as-you-go’ energy provider to off-grid homes in Kenya. M-KOPA has connected 600,000 homes across Africa, providing 75 million hours of kerosene-free lighting each month. Its battery-powered systems come with lights, phone-charging, and a solar powered radio; with daily…
China Telecom Global (CTG), a subsidiary of China Telecom Corporation Limited – providers of integrated telecommunication services, and Liquid Telecom, a pan-African telecoms group, announced the signing of a historic strategic partnership whereby the two companies will collaborate to provide Africa and Asia with network solutions and services. The agreement will enable both companies to…
Despite low levels of water in the Zambezi River, the Cahora Bassa dam, in Mozambique’s western province of Tete, generated more electricity than planned in the first quarter of this year. According to a release from Hidroelectrica de Cahora Bassa (HCB), the company that operates the dam, between January and March Cahora Bassa produced 3,433,504MWh…
The institution’s Office of Integrity and Anti-Corruption found the company to have engaged in numerous misrepresentations of its past experience in bidding for Bank-financed contracts Abidjan, Côte d’Ivoire, May 7, 2018 – The African Development Bank Group (AfDB) on May 7, 2018, announced the conclusion of a settlement agreement with CHINT Electric Co., Ltd., a power…
The head of Libya’s National Oil Corporation, Mustafa Sanalla has said oil smuggling is costing Libya around $770 million annually. He said this while speaking at the first ever oil and theft conference in Geneva, Switzerland. He says at least 30 percent of oil produced in Libya is smuggled out of the country by petroleum companies, and by…
Tanzania presses on with its ambition to build a 2,100-megawatts (MW) hydroelectric power plant in the Selous Game Reserve despite warnings from conservationists about the adverse effect of such a project on animals in one of the world’s largest game reserves. During the weekend, Tanzania’s finance ministry said in a statement that President John Magufuli, who is…
The Namibian government, through the Interim renewable energy feed-in tariff project, has managed to connect nine of the 14 projects to the national electricity grid. The interim renewable energy feed-in tariff (REFIT) projects managed to feed a total of 93GW of electricity into the national grid in 2017. According to Mines and energy minister Tom…
WASHINGTON, April 26, 2018 — The World Bank today approved a $180 million International Development Association (IDA)* Guarantee to mobilize private sector financing to strengthen the financial position of Kenya Electricity Generation Company Limited (KenGen) and build energy security for all Kenyans. The project will build on Kenya’s gains that have diversified the energy mix and…
South Africa has expressed disappointment at not being granted exemption from the US Section 232 steel and aluminium tariff duties. Monday, 30 April, US President Donald Trump signed proclamations granting permanent country-exemptions to a select number of countries and extended by one month the Section 232 steel and aluminium tariff duty exemptions for some. “South…