Market News
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AfDB approves US$121mn grant to improve East Africa\'s electricity access
Posted on :Thursday , 24th September 2015
The African Development Bank (AfDB) has approved a US$121mn loan and grant to assist the government in improving electricity access for businesses and in rural households. powerlinenigeria pixabayOnly 14 per cent of Uganda has proper access to power, and AfDB hopes to increase that percentage through its project.
According to AfDB, the move is expected to enhance economic gr. . .
Rwanda: Country Waits for Methane Power Unit
Posted on :Tuesday , 22nd September 2015
Kigali — Rwandans will soon benefit from a project that generate electricity from heating methane gas on a floating platform.
The project is being done in two phases and contracted to KivuWatt, a subsidiary of ContourGlobal.Recently the company announced in the local media that completion of the first phase will be done by Octob. . .Shareholders Endorse Makhado Thermal Project
Posted on :Tuesday , 22nd September 2015
Johannesburg — COAL of Africa Limited the coal exploration and project development company operating in South Africa, has announced the successful completion of the shareholder approved share placement to Yishun Brightrise Investment PTE Limited.
The 183 231 261 ordinary shares were issued to Yishun, at 5,15 pence per share, in terms of the subscription agreem. . .Africa: AfDB\'s New \'Energy for Africa\' Deal to Benefit Over 700 Million People
Posted on :Tuesday , 22nd September 2015
700 million people will be supported to afford clean cooking energy stoves by the "New Deal for Energy in Africa," an initiative by the African Development Bank Group (AfDB) unveiled Thursday to solve Africa's huge energy deficit by 2025.
The blue print to get rid of Africa's energy poverty by 2025 was unveiled at a High Level Stakeholder Consultative Meet. . .African Development Bank invests in Kenya Power\'s, Last Mile electricity project
Posted on :Tuesday , 22nd September 2015
The African Development Bank in partnership with the Kenyan government will give Kenya Power an additional of US$ 190m in a bid to see the completion of the Last Mile electricity project in Kenya.
The electricity project whose initiative was started so as to help increase electricity access to Kenyans particularly those who are in the low income group was inst. . .Please Select an Option
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