Market News

 Rwanda, along with Climate Investment Funds (CIF), will work to provide access to electricity to around 70 per cent of its population by 2018 solarpanel bartspeelman flickrRwanda hopes to tap into a range of clean energy sources in order to supply power to its residents.  The country is . . .

 Seychelles has secured US$31mn in funding from Arab Bank for Economic Development in Africa (BADEA) and the Saudi Fund for Development to improve electricity network in the island nation seychelles grid saraj flickrThe 33kV transmission and distribution network will start at the Roche Caiman . . .

 Egypt’s renewable energy sector has a potential opportunity of around US$13bn for private sector financing over the next five years, according to industry reports renewable egypt tomas74 pixabayThere are more than 4,000MW in renewable energy projects currently under development in Egypt . . .

 Plans to construct more hydro power stations in Uganda are in the pipeline in a bid to generate 2,550 MW aimed at boosting its goal to industrialize, the country’s president Yoweri Museveni has said.   Museveni said that his government is on a campaign trail to industrialize the n . . .

 Siemens has penned down a power plant construction deal with Egypt to fund of the power project that they are set to construct in the country.   The financial closure agreement with German industrial giant Siemens will see Orascom Construction, and El-Sewedy Electric fund the constructi . . .