Market News

 The African Development Bank Group (AfDB) has boosted electricity access in rural Uganda following the approval of  US$ 121m loan to finance the project.   According to AfDB, the funds are expected to help in the improvement of livelihoods, growth of the economy and allow access to . . .

Many African countries are in the grip of a nuclear fad. They believe nuclear energy will bring with it an international currency of prestige. Countries with nuclear energy programs are seen as rich and technologically advanced and as a result possess advanced status compared to other developing cou . . .

 DNV GL has created prelimary wind atlases for Zambia, Tanzania and Maldives as part of a World Bank-funded energy management programme to encourage wind energy generation  windenergy blickpixel pixabayThrough maps, DNV GL can provide investors with verifiable and tangible information on . . .

Olkaria — In its quest to generate more reliable, climate-friendly electric energy, Kenya has become the first country in the world to make use of temporary geothermal wellheads, which are currently injecting an extra 56 megawatts into the national grid.   According to engineers at the . . .

Gaborone — The dual listed African Energy says it is in good financial standing following steps the company undertook to reduce expenditure such as structured divestments and staffing levels, executive salaries and corporate overheads.   African Energy is listed in the Botswana Stock Ex . . .