VENTURES AFRICA – Falling crude oil prices have put several economies across Africa at risk. And has once again shown how critical the agricultural sector is to any economy, particularly that of Africa.
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Posted on : Thursday , 8th January 2015
Fundraising by Africa-focused private equity has rebounded after the global financial crisis, buoyed by support from the international development finance institutions. Now, the industry hopes to unlock billions of dollars held in African pension funds to dramatically increase the resources available for investment.
Posted on : Thursday , 8th January 2015
A scale weighing China's outward direct investments across the globe currently tilts heavily toward Asia, at a whopping 70 percent of total volume by 2013, most of which was poured into Hong Kong.
Posted on : Thursday , 8th January 2015
Poised to make sweeping economic reforms at a major development conference in March, Egyptian leaders played up their existing cooperative ties with China during a recent visit to Beijing.
Posted on : Thursday , 8th January 2015
International PV developer, Sonnedix, is joining forces with institutional investor, JP Morgan Asset Management, in a new joint venture to pursue emerging solar project opportunities worldwide.
The JV, Sonnedix Power Holdings, will hold 17 already built PV projects totalling 117MW in France, Italy, Spain, Thailand and Puerto Rico.
Posted on : Wednesday , 7th January 2015
Rwanda is planning to construct a new petroleum storage facility that will have capacity to store 21 million liters – a move that will help boost the overall national reserve that currently stands at 30 million litres.
The new facility will also aid in the country’s transportation and importation sectors in the industry.
Posted on : Wednesday , 7th January 2015
CPV producer Soitec said a 150MW CPV power plant previously announced would be scrapped as the customer, San Diego Gas & Electric was said to have encountered a “major roadblock” in developing the project.
Soitec said in a statement: “Certain of the administrative conditions pertaining to the transaction could not be fulfilled timely. Soitec will therefore not receive the expected CPV systems order from the designated EPC contractor which was anti.... Read more »
Posted on : Wednesday , 7th January 2015
France-headquartered renewable energy developer, Sonnedix, has finalised details of an 86MW PV power plant to be built in South Africa.
The project, which falls under the third window of South Africa’s flagship renewable energy procurement programme, will be built in the country’s Northern Cape province.
Posted on : Wednesday , 7th January 2015
Mozambique could become the third world’s largest Gas producer after Australia and Qatar should it secure the needed foreign investment in the range of $20Bn to $25Bn according to a study by PriceWaterhouseCoopers.
Posted on : Wednesday , 7th January 2015
Nigerian energy firm Taleveras Group said on Monday it had signed a deal with the government of Equatorial Guinea to build a giant oil storage hub in the central African country.
Posted on : Wednesday , 7th January 2015
National Microfinance Bank (NMB) says in its e-Market report that the shilling close on the strong foot against US dollar, the major trading currency, buoyed by end-month local money demand.
Posted on : Wednesday , 7th January 2015
The plant, which will have the capacity to produce 157,000 tonnes of steel products each year, is expected to go a long way in providing affordable raw materials for the country’s growing construction industry.
Posted on : Wednesday , 7th January 2015
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