Market News
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East African countries to get $140m fund to finance power production projects
Posted on :Friday , 11th March 2016
A fund was launched to finance power production projects using thermal energy underground in countries of East Africa with a capital of $140m, according to the Africa-EU Commissioner for Energy and Infrastructure Elham Ibrahim.
Ibrahim explained that the fund’s capital consists of contributions from member countries, including some EU countries, worth $30m. Ge. . .Kenya signs $408 million loan with Japan for 140 MW geothermal plant
Posted on :Thursday , 10th March 2016
6 billion yen ($408 million) loan agreement to go towards building a 140 megawatt (MW) geothermal power plant that is expected to be operational within the next two years, the two governments said.
Read more at: http://www.standardmedia.The plant, know as Olkaria V, will be built by Kenya Electricity Generating Company (KenGen), which has said it expects to begin construction in July,. . .Zuma Pledges to Help Nigeria in Electricity Generation
Posted on :Thursday , 10th March 2016
South African President, Jacob Zuma has pledged that his government willingness to help Nigeria in the generation of electricity even as he declared that it can also assist in the exploration of solid minerals.
Zuma, who made the pledge while addressing to a joint session of the Nigerian National Assembly in company of President Muhammadu Buhari yesterday, said ther. . .South African Government to Continue Investment in Energy Sector
Posted on :Thursday , 10th March 2016
Pretoria — Government says it will keep the development of the energy sector high on its priority list as this is key to easing constraints to economic growth.
The Economic Sectors, Employment and Infrastructure Development cluster, chaired by Rural Development and Land Reform Minister Gugile Nkwinti, on Tuesday, briefed media to give an update on the implemen. . .AfDB : Prime Focus on Energy in Africa's Development Agenda
Posted on :Thursday , 10th March 2016
Energy is the central theme of the African Development Bank's 2016 Annual Meetings as well as its 2015 Annual Report. The theme, "Energy and Climate Change", underscores the importance the Bank attaches to energy, which the AfDB President, Akinwumi Adesina, describes as "the lifeblood of any society and the passport to economic transformation."
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