Market News
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Zuma Upbeat On Economy, Electricity Supply
Posted on :Tuesday , 18th August 2015
Despite slow growth globally, local economic growth is expected to increase to at least 3% over the next three years, President Jacob Zuma said on Tuesday. "[This is] because we expect the electricity constraints to ease," he told reporters at the Union Buildings in Pretoria.
It was estimated that the electricity shortage was costing the economy one percentage point . . .
Liberia: Hydrochina International to Invest in Energy Sector
Posted on :Tuesday , 18th August 2015
Authorities of the Liberia Electricity Corporation (LEC) received a delegation from the HYDROCHINA INTERNATIONAL ENGINEERING CO., LTD., on Tuesday, August 4, 2015 as a follow up to a MOU signed between the LEC represented by its Chairman of the Board of Directors and the HYDROCHINA INTERNATIONAL ENGINEERING CO., LTD., on July 3, 2015 in the China. The meeting was centered on the HYDROCHIN. . .
4 Tanzanian firms lined up for US power grant
Posted on :Monday , 17th August 2015
Four Tanzanian companies are among 11 beneficiaries in Africa of one-million-US-dollar grant from the US President Baraka Obama’s Power Africa initiative to expand their renewable energy solutions to rural communities.
Power Africa said in a statement that the beneficiaries in Tanzania include the Benedictine Sisters of St. Gertrud Convent in the Njombe . . .
Private capital will end Africa power cuts by 2025, says survey
Posted on :Monday , 17th August 2015
Power cuts in 15 Sub-Saharan African countries could become an “exception” rather than a norm in 10 years time, with private capital expected to play an increasingly bigger role, according to a survey by PricewaterhouseCoopers (PwC) released yesterday.
The survey found that 96 per cent of the officials interviewed from Nigeria, South Africa, Zambia. . ..jpg)
US$300mn risk cover secured for construction of a geothermal power plant in Kenya
Posted on :Thursday , 13th August 2015
The consoritum that is working on construction of a geothermal power plant in Kenya has secured a has secured a risk cover from a German reinsurer, Munich Re worth US$ 300mn that will eventually pave way for the funding of the well drilling.
The risk cover is meant to compensate investors in the Akiira One project in case the eight geothermal wells being drill. . .Please Select an Option
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