Market News
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Energy Investment In Africa Starts To Make Headway
Posted on :Thursday , 14th August 2014
ADDIS ABABA (Thomson Reuters Foundation) – As Washington hosts the U.S.-Africa Leaders Summit this week, an ambitious but low-profile energy programme announced by President Barack Obama in June 2013 is set to move back into the spotlight.
Power Africa is a U.S. government-led initiative around two-thirds funded by the private sector that aims to double . . .
Tanzania: Tap Energy Potential
Posted on :Wednesday , 13th August 2014
TANZANIA is endowed with a huge 4,000mw-cheap geothermal energy potential and the Vice-President, Dr Mohamed Gharib Bilal, has challenged geoscientists in the country and Africa to tap it for the betterment of the people.
Renewable energy needs guarantees for investors in East Africa
Posted on :Friday , 8th August 2014
The slow pace with which renewable energy projects have been rolled out across Africa may prove to be an advantage in a few years. As they catch up, African countries could benefit from technological developments and falling costs of wind and solar power.
Norman Ndaba, Power and Utilities Sector Leader at global financial advisory firm Ernst & Young, says telecommunications . . .
Quantum Power to provide Tema LNG with importation storage in East Africa
Posted on :Friday , 8th August 2014
Quantum Power Gas is enthusiastic in developing the Tema LNG importation storage, re-gasification and delivery facilities. The company is a subsidiary of Quantum power, a pan African energy and infrastructure industrial investment platform, and has signed a partnership agreement with Golar LNG to see completion of the project.
Golar is expected to provide some certain technical,. . .
Africa\'s Richest Man Aliko Dangote Partners Blackstone, Carlyle In $5 billion Energy Deal
Posted on :Friday , 8th August 2014
Two of America’s largest private equity firms are teaming up with West Africa’s largest industrial conglomerate, Dangote Industries, to invest in Africa.
According to a report by the Wall Street Journal, Black Rhino Group, a portfolio company of Blackstone Energy Partners and affiliated funds managed by Blackstone Group, is partnering with Dangote . . .Please Select an Option
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