Market News

Lilongwe — New Switzerland Ambassador to Malawi, Ruth Huber Thursday said her focus to the country will be to assist the nation to have improved energy sector and be food secured.   After presenting letters of credence to President Prof. Peter Mutharika, Huber said Switzerland and Malaw . . .

A fund was launched to finance power production projects using thermal energy underground in countries of East Africa with a capital of $140m, according to the Africa-EU Commissioner for Energy and Infrastructure Elham Ibrahim.   Ibrahim explained that the fund’s capital consists of con . . .

South African President, Jacob Zuma has pledged that his government willingness to help Nigeria in the generation of electricity even as he declared that it can also assist in the exploration of solid minerals.   Zuma, who made the pledge while addressing to a joint session of the Nigerian Na . . .

Pretoria — Government says it will keep the development of the energy sector high on its priority list as this is key to easing constraints to economic growth.   The Economic Sectors, Employment and Infrastructure Development cluster, chaired by Rural Development and Land Reform Ministe . . .

Energy is the central theme of the African Development Bank's 2016 Annual Meetings as well as its 2015 Annual Report. The theme, "Energy and Climate Change", underscores the importance the Bank attaches to energy, which the AfDB President, Akinwumi Adesina, describes as "the lifeblood of any society . . .