Market News

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 . . .

 The use of encroacher biomass as a source of renewable energy has a large potential for the energy sector and the economy as Nampower prepares to generate electricity from invader bush.   Electricity utility, Nampower will start with the feasibility phase as the finance strategy is yet . . .

 Preparation for construction of  Nuclear Power Plants in South Africa has begun in earnest after the department of energy received US $14.80m from the National Treasury for feasibility study putting into consideration the cost, benefits and risks involved.   This allocation comes a . . .

 First commercially viable biogas plant in South Africa has began operation supplying renewable energy to automotive manufacturer BMW.   A year ago,  energy company Bio2Watt and BMW SA signed a deal for power generation which saw the first power supply happen early October.   . . .

 Lagos — STAKEHOLDERS from Nigeria government, utilities, consultants and investors will next month converge in Lagos to discuss the challenges of local markets, capacity building and investment in the regional power sector.   The summit will be held under the auspices of the West . . .