ACUMEN RAISES $70 MILLION TO FUND CLEAN ENERGY IN EAST AFRICA

Posted on :Friday , 26th April 2019

Acumen is a New York based non profit company that invests in sustainable and socially minded companies around the world.

Established in 2001, Acumen has invested more than $115 million in 113 companies across Africa, Latin America, South Asia, and the United States Acumen Capital Partners a subsidiary of Acumen recently announced a $70 million funding for KawiSafi ven. . .

ENERGY NEEDS IN TANZANIA MET BY INVESTORS INVITED FOR WIND SOLAR PLANTS

Posted on :Saturday , 13th April 2019

As part of plans to diversify its energy generation mix and meet growing demand. Tanzania is seeking investors to build wind and solar power plants. With a minimum capacity of 50MW each the wind power plants are expected to generate 200MW .With  a minimum capacity of 20MW each.The solar plants will generate 150MW located in Dodoma, Singida, Shinyanga, Mwanza, Simiyu, Njombe and Iringa Regi. . .

African Development Bank Commits $25 Billion to Strengthen the Renewable Energies Sector

Posted on :Friday , 26th April 2019

Renewable energy, especially solar energy, is the key to driving Africa's economic development and combating climate change, said the African Development Bank (AfDB) president, while providing $ 25 billion in a new climate funding between 2020 and 2025.

AfDB said the funds would be used to boost investment in renewable energy projects . . .

East Africa's Power Output poised to reach 7,480MW by 2022

Posted on :Wednesday , 3rd April 2019

 By 2022, the East African Community (EAC) will have a combined generation of 7,480 MW of electricity. This is set to be accomplished through a $ 2.5 billion funding from the African Development Bank (AfDB)  for infrastructure projects in the region. According to multiple sources, th. . .

Electrified Africa, burgeoning market

Posted on :Wednesday , 3rd April 2019

As power rolls out across continent, ranks of appliance consumers swell rapidly.

With a population of more than a billion and increasing access to power, sub-Saharan Africa could present a massive market for electrical products and services – sectors that are among Hong Kong’s fortes.

In its 2017 World Economic Outlook, the International Energy Agency (. . .