Market News
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Rosatom to officially begin constructing nuclear power plant in Africa
Posted on :Friday , 8th January 2016
Russia’s national nuclear corporation Rosatom will commence the construction of first nuclear power plant in Egypt after signing an agreement. In the contract signed, the construction of the power plant in Egypt will begin early 2016. According to the press release given by the company the construction of the nuclear power plant will commence in the first quarter of 2016.
. . .East Africa: AfDB Approves $138m for Rusizi III Hydro Project
Posted on :Tuesday , 5th January 2016
The African Development Bank (AfDB) has approved $138 million in loans and grants to finance the Rusizi III hydropower plant project.
A statement from the AfDB indicates that the implementation of the project will be carried out at a total cost of $625.19 million. At least $138.88 million will be borne by the AfDB's public sector window and $50.22 million by the pri. . .Umeme Ltd nears completion of substation for Ugandan township
Posted on :Tuesday , 29th December 2015
Uganda’s power utility company Umeme Limited is in the final stages of constructing a 40 MVA substation in the Namugongo township
The new facility will help reduce losses during the distribution of power and also provide stable power around Namanve, Kireka, Namugongo and Kyaliwajjala areas.
Project officials revealed that US$5mn was s. . .UK and USA sign MoU to aid Africa with power generation
Posted on :Monday , 28th December 2015
K’s Energy Africa campaign and USA’s Power Africa initiative have decided to sign a partnership to aid Africa with power generation projects
geothermal HaukurHerbertsson flickrHarnessing geothermal energy sources across Africa could help overcome electricity deficits.An MoU was signed between USA and UK at the United Nations Economic Commission for Afric. . .French Companies to Invest in Zimbabwe
Posted on :Monday , 28th December 2015
A number of French investments are lined up for Zimbabwe in 2016 with power giant, Schneider Electric, expected to enter the Zimbabwean market, French Ambassador to Zimbabwe Laurent Delahousse has said.
Delahousse told businessdigest in an exclusive interview this week that the firm, which already has a branch in South Africa , will open a branch in the country with. . .Please Select an Option
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