Market News
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China to invest $15bn on infrastructure projects in African Nation
Posted on :Thursday , 28th January 2016
China will invest $15Billion for over 15 infrastructure projects in Egypt following a recent visit by president Xi Jinping to the North African country.
According to official reports presidents Jinping and Sisi signed a number of joint projects aimed at boosting infrastructure in the country. More investment will be channeled towards electricity, transpo. . .Promising \'New Deal on Energy\' for Africa
Posted on :Wednesday , 27th January 2016
African Development Bank will manage Africa's New Deal on Energy along with investing US$12bn in energy funding over the next five years
The deal's aims all revolve around providing more power for the households for AfricaAfrica has been well-recognised as a huge resource potential for the energy sector and yet the economic conditions do not yet allow the comp. . .Largest mall in East Africa to get own electricity
Posted on :Wednesday , 27th January 2016
The Largest mall in East Africa that is under construction in Kenya-Two Rivers mall will get its own electricity thanks to investment firm Centum that has pledged to construct solar and diesel power plants that will generate 12MW of electricity to provide power to the mall.
Centum secured a license from the Energy Regulatory Commission (ERC) to generate and su. . .Renaissance Dam construction project in East Africa in good course
Posted on :Tuesday , 26th January 2016
The construction of the Ethiopia Renaissance Dam is in good course despite stiff opposition from Egypt. Reports from Ethiopia Electric and Power Corporation seem to indicate that the dam will soon start generating 750MW of electricity.
However, Egypt is concerned that the dam will be utilised for irrigation in Ethiopia, resulting in reduced downstream su. . .Yet another huge gas power plant to be constructed in Africa
Posted on :Monday , 25th January 2016
Namibia will construct its largest gas power plant since independence in 15 months’ time, Xaris Holdings, a company managing the project has announced. The plant is estimated to cost 450 million US dollars.
Other companies involved in this mega project includes; General Electric, Excelerate Energy, Standard Bank, Garanti Koza, KS Energy and Ariya Capital. . .Please Select an Option
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