Market News
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Construction of power facilities in Africa to receive a boost from AfDB
Posted on :Tuesday , 8th September 2015
The African Development Bank now says that it will focus more on efforts to construct more power facilities in Africa in a bid to tackle the chronic power shortages in the continent. AfDB new president Dr. Akinwumi Adesina said that the move will help unlock Africa’s economic potential and end its vulnerability to fluctuations in commodity prices.
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Four more years of high power bills as Kenya keeps costly thermal plants
Posted on :Monday , 7th September 2015
Kenyans will continue to shoulder the burden of expensive thermal generators for at least four more years, despite recent strides in unlocking cheaper sources of energy.
Data from the Energy Regulatory Commission (ERC), which is the energy sector regulator, shows that the earliest the first of the nine thermal power plants could be knocked off from the nationa. . .
Gas-fired power generation could add US$12bn to Africa\'s GDP
Posted on :Saturday , 5th September 2015
South Africa could tap into its natural gas reserves to expand its energy mix and support growth across the economy, recommended McKinsey Global Institute
DualfreqGas-fired power plants could help make up for deficits in South Africa's power supply. (Image source: Dualfreq/WikimediaCommons)Gas-fired power generation alone could add US$12bn to South Africa’s GD. . .
East African countries move to harmonize regional energy policy
Posted on :Friday , 4th September 2015
As east Africa’s energy demands continue to raise, regional countries are looking to formulate a comprehensive policy on energy security and ease the conditions for investors in the sector. Speaking Monday at a meeting on policy framework in Kigali, Antonio Pedro the United Nations Economic Commission for Africa (UNECA), country director, said the absence of the policy has made countries . . .
UN body to aid Africa with nuclear power generation
Posted on :Thursday , 3rd September 2015
UN’s International Atomic Energy Agency (IAEA) has decided to help African nations with the development of nuclear energy for electricity generation
nuclearplant 12923 pixabayPlans for nuclear power generation are making headway in Kenya. (Image source: 12923/Pixabay)Several African countries have expressed interest in the peaceful development of nuclear power. . .Please Select an Option
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