Market News

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 Ministe . . .

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 . . .

The governments of Rwanda and Japan yesterday signed a financing agreement, worth $18.4 million (about Rwf14 billion), aimed at boosting electricity distribution networks in the City of Kigali.   The funds will specifically be injected in the construction of Ndera substation and the Murindi a . . .

Energy projects developer Intratrek Zimbabwe and its Indian technical partners last Friday signed a contract for construction of the long-awaited 30 megawatt Gairezi Hydro Power Project with Zimbabwe Power Company. The engineering, procurement and construction contract was signed between Intratrek a . . .

PRESIDENT Edgar Lungu has commissioned the newly-constructed Itezhi-Tezhi Hydro-power Station with assurance that Government remains committed to mitigating the current power deficit caused by global and natural factors.   The 120 megawatts (MW) station was built at a cost of US$142 million. . . .