DNV GL has created prelimary wind atlases for Zambia, Tanzania and Maldives as part of a World Bank-funded energy management programme to encourage wind energy generation
Posted on : Friday , 4th December 2015
Spanish energy solutions firm Isolux Corsan has been chosen to design, build and install high voltage direct current (HVDC) equipment between Ethiopia and Kenya for US$450mn
Posted on : Friday , 4th December 2015
East Africa is emerging as a hotbed for energy related investments not only for its robust economic growth, but also for its potential to become one of the largest producers and exporters of oil and natural gas in the world.
Countries like Tanzania, Kenya, Ethiopia, and Rwanda – which have traditionally depended on biomass to meet most of their energy requirements – are gradually shifting to modern energy sources to meet the growing demands of the expandin.... Read more »
Posted on : Thursday , 3rd December 2015
Liberty Metals & Mining Holdings, LLC, a subsidiary of Boston-based Liberty Mutual Insurance (LMM), has acquired 25 percent of the shares in “Yara Dallol” for USD 51.25 million.
Yara’s share of the proceeds is USD 35.4 million.
Yara Dallol is a project looking at extracting potash in the Danakil depression in North-Eastern Ethiopia.
The site’s annual production capacity is confirmed to be 600,000 metric tons Su.... Read more »
Posted on : Thursday , 3rd December 2015
Russia has agreed to fund the first ever nuclear power plant in Egypt by extending a loan of $25b towards the construction of the plant. The nuclear power plant in Egypt is being constructed by Rosatom Russia’s state owned company.
Posted on : Thursday , 3rd December 2015
Energy Minister for Zambia Dora Siliya has announced that the construction of the 300 megawatts thermal power plant in the country is almost complete. The minister revealed that 83% of the construction work has been done. She was speaking after touring the construction site for the power plant.
Posted on : Thursday , 3rd December 2015
Tanzania has signed a US$ 400m loan deal with Japan to boost construction of roads in the country. The road construction in the country is aimed at triggering the growth of business activities.
Posted on : Thursday , 3rd December 2015
Happiness Zengeni and Tinashe Makichi Zimbabwe's economic fortunes are set to change dramatically once it is admitted into an exclusive group of countries being targeted by China for investment.
Posted on : Wednesday , 2nd December 2015
Spanish investors have established a medicines manufacturing company in Brikama.
Posted on : Wednesday , 2nd December 2015
Zambia launched the construction of a China-aided major hydro-power project on Saturday, which will go a long way in boosting the country's electricity generation capacity.
Posted on : Wednesday , 2nd December 2015
Kenya Electricity Generating Company (KenGen) earned Sh24.9 million for managing the most expensive form of energy in the country during the year to June 30.
Posted on : Wednesday , 2nd December 2015
Golden Sibanda Senior Business Reporter SWISS food giant, Nestle Zimbabwe, says it has invested $30 million over the past four years towards ramping up production capacity and enhancing efficiency.
Posted on : Wednesday , 2nd December 2015
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