Market News
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World Bank to Invest in Energy Projects in 6 African countries
Posted on :Thursday , 21st August 2014
The World Bank Group has committed 5 billion dollars in new technical and financial support for energy projects in six African countries; Kenya, Ethiopia, Ghana, Liberia, Nigeria and Tanzania.
Some of these have vast amounts of untapped geothermal resources that could greatly benefit from this funds.World Bank Group President, Dr. Jim Yong Kim, said the new fi. . ..jpg)
Tanzania: New Geothermal Firm Established
Posted on :Thursday , 21st August 2014
BLESSED with the potential to generate over 4,000 megawatts of electricity from geothermal sources, the government has formed a company to steer the country into effectively and beneficially tapping it.
Operating as a subsidiary of Tanzania Electric Supply Company (Tanesco), the Tanzania Geothermal Development Company started operations in July this year, acco. . ..jpg)
African Web platform aims to close funding gap for energy projects
Posted on :Thursday , 21st August 2014
A new online platform is being launched in a bid to link developers of small-scale African energy projects directly with investors and technical advisers with the aim of accelerating the deployment of such projectsacross the continent.
Known as GENHUB-Africa, the initiative has received the backing of the New Partnership for Africa's Development (Nepad) Planni. . .
Tanzania: Green Rock Energy Advances Graphite Due Diligence
Posted on :Wednesday , 20th August 2014
GREEN Rock Energy's first phase of on-site exploration due diligence at Mahenge North Graphite Project in Tanzania is due to be finalised this week.
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Investors have growing role in developing East Africa\'s Energy Infrastructure
Posted on :Wednesday , 20th August 2014
Development finance institutions (DFIs) remain the big beasts in developing infrastructure and other major projects in much of Africa. The ‘blending’ of public and private finance has become a preoccupation for traditional donors looking to leverage their grants and loans to produce bigger funding flows to kick-start the continent’s infrastructure revolution, to catch up. . .
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