Market News
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Africa banking on nuclear power
Posted on :Friday , 9th October 2015
It’s no secret that Africa’s economic development has been stifled by the shortage of electricity across the continent. The Africa Progress Report 2015 puts theannual electricity-related economic loss at 2 percent to 4 percent of GDP. In Ghana and Tanzania, electricity shortages are costing businesses 15 percent of sales.
Over 600 million people are getting restless w. . .Timber firm plans to construct biomass power plant in Africa
Posted on :Friday , 2nd October 2015
Timber firm- York Timbers, has announced plans to construct an electrical biomass power plant in South Africa at its timber plant worth US $0.10bn.
This new power plant by the firm will deliver 25MW into the South African National grid thus giving the company some energy income from what would otherwise be discarded as biomass waste production from its s. . .Plans to construct Chollet Hydropower Dam in Africa gain pace
Posted on :Friday , 2nd October 2015
The construction of Chollet Hydropower Dam in Cameroon has received a new breath after the signing of a major agreement. Minister of Water Resources and Energy, Basile Atangana Kouna and the Minister of Energy and Hydraulics of the Republic of Congo, Henri Ossebi have signed agreements to speed up the project. According to the minister the project which is expected to boost the power prod. . .
East Africa: Gas for Electricity
Posted on :Tuesday , 29th September 2015
New African Development Bank President Adesina looking to mobilize $55B for energy projects on the continent
Posted on :Friday , 25th September 2015
African Development Bank President Akinwumi Adesina, who took over this month, said he’s aiming to eliminate Africa’s energy deficit by 2025 by mobilizing $55 billion of investment.
Termed the “New Deal for Energy in Africa,” the continent’s largest development bank said the plan will significantly raise its support for energy projects and that its p. . .Please Select an Option
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