Market News
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Kenya: Simba, Vivo Secure Diversified Kenya Partnership
Posted on :Saturday , 29th August 2015
Nairobi — Vivo Energy Kenya, the company that distributes and markets Shell-branded fuels and lubricants, has sealed a mutual interest partnership with local diversified business group, Simba Corporation.
The deal will see Vivo access tailor made vehicle leasing solutions from Simba.Alongside the partnership, Vivo has been retai. . .
Nigeria: Govt Signs U.S.$237 Million World Bank Electricity Deal
Posted on :Saturday , 29th August 2015
Abuja — TO underscore commitment to the on going reform in the power sector, the Federal Government yesterday announced that it has completed the signing of the World Bank Partial Risk Guarantees (PRGs) in support of the 450 megawatts Azura-Edo Independent Power Plant (IPP).
The deal was concluded on Friday, August 21, 2015. Parties to the agreement included t. . .
Ethiopia: Gilgel Gibe III On a Trial Electric Power Production
Posted on :Saturday , 29th August 2015
The largest hydropower plant in Ethiopia, Gilgel Gibe III, started trial electric power production on Tuesday (August 25, 2015), announced the Ministry of Water, Irrigation and Energy.
The dam begins trail production since it stored water that enables the production, Alemayehu Tegenu, Minister of Water, Irrigation and Energy told the press. When the trail is success. . .
Power: Energy for all in 2020
Posted on :Saturday , 29th August 2015
The government will have to act quickly and mobilise funds to connect all of the country's population centres to the national grid in the next five years. With inadequate electricity supplies sapping the country's economic growth, the government has launched several large projects to increase generation capacity and connect more customers to the national grid.
The l. . .
US$145mn for Kenya-Tanzania power transmission line
Posted on :Saturday , 29th August 2015
The African Development Bank (AfDB) has approved a US$145mn loan for the construction of a 510 km power transmission line running through Kenya and Tanzania
power-transmission-lineThe Kenyan government plans to add 5,000 km power lines to the existing 3,800 km in the next two years.The two countries will use the loan to support their efforts in constructing th. . .Please Select an Option
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