Market News
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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. . .Kenya Government seeks funding for $150 mln project to expand power grid
Posted on :Monday , 21st September 2015
Kenya has announced a second $150 million project to expand its electricity grid to connect another 1.5 million people, with the head of its sole power distributor saying the country was in talks with the African Development Bank to help finance it. The project represents the second phase of a plan to add a total of 3 million people to the grid of the country, where around half of the 40 . . .
Construction of Rusumo Falls Hydropower Project along Rwanda-Tanzania border to begin
Posted on :Saturday , 19th September 2015
Construction works of the 80MW Rusumo Falls hydropower project which is funded by the World Bank and the African Development Bank is set to begin next year. The construction project will be located at Rusumo Falls along Rwanda-Tanzania border . The announcement comes after the families who were living in the area were relocated.
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