A fifth bidding window, worth R40-50bn will be launched later this year as part of the Department of Energy’s (DoE) renewable energy independent power producers procurement programme (REIPPPP). Energy Minister, Jeff Radebe says the intention of the bid window is to enhance local manufacturing to ensure investment and economic growth. It is also intended as…
DetailsNAIROBI, May 31 (Reuters) – A private Kenyan power firm has signed a 20-year deal to sell 40 megawatts it will generate from a solar plant it is building to the East African nation’s state-run distributor, its chief executive said. Kenergy Renewables signed the agreement to sell the electricity to Kenya Power at $0.08 per…
DetailsMay & Baker Nigeria Plc will soon launch its much-awaited rights issue as shareholders of the company Thursday at the annual general meeting in Lagos approved the increase in the authorised share capital of the company to N3 billion. At the meeting, shareholders voted unanimously to increase the authorised share capital from N1.9 billion of…
Details Old Mutual Private Equity (OMPE), one of the largest and most established private equity players in South Africa, has acquired a 50% interest in Medhold Group (Medhold), a prominent end-to-end supplier of world-class medical devices. The transaction has obtained unconditional approval from the Competition Commission in South Africa and pending approval from the Competition Commission…
Details The Federal Executive Council (FEC) has approved immediate renegotiations of the East-West road contract with the handlers as well as its early construction of the Oron-Calabar segment. Usani Uguru Usani ,the Minister of Niger Delta lamented that over the years, his ministry has been bedeviled with several abandoned projects, which are now being completed and…
Details El Gestor de Infraestructuras de Telecomunicaciones de Guinea Ecuatorial (GITGE) is officially inaugurating Equatorial Guinea’s new Ceiba-2 fiber optic cable project during a private event on June 4 in Malabo. Keynotes for the launch of the state-of-the-art fiber optic cable include the President of Equatorial Guinea, H.E. Teodoro Obiang Nguema Mbasogo, the Minister of Telecommunications…
Details India’s Engineering ,procurement and construction ,EPC firm Sterling and Wilson in India,is set to construct both the largest battery storage project and single battery installation in the whole continent in bid to boost education sector in Africa. Sterling and Wilson confirmed and said the project would be a first of its kind powering behind-the-meter clients…
Details The government of Korea has signed a letter of intent with the African Development Bank, AfDB to launch the Korea–Africa Energy Investment Facility (KEIF), which will provide significant support to the New Deal on Energy for Africa, with aims to achieve universal access to energy. The signing, which took place during the Korea–Africa Economic Cooperation…
Details Kenya is planning to construct four new state-of-the-art stadiums in Nairobi County. This is in a move to address the shortage in recreational facilities for the youth in the county and also to encourage more sporting activities. The Four New Stadiums Confirming the reports was Nairobi County Executive in charge of Education and Sports Janet…
Details A privately-owned Nigerian producer of building materials, Ibeto Cement Co. Ltd, has signed a deal to get $850 million in financing from Milost Global Inc, a New York-based private equity firm. According to Bloomberg, Milost will provide $500 million in equity and $350 million as debt to the Nigerian cement maker, Milost said in a statement on its website, citing a “binding”…
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