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. . .

East Africa: Construction of Muvumbe Hydro-power Dam kicks off

Posted on :Friday , 25th September 2015

 The  construction of the US$ 18m Muvumbe Hydro-power Dam in Uganda has kicked off. Located in Kabale District, Kigarama village in Nyanja parish, Maziba Sub-county, The mega project will be constructed by Vidullanka PLC from Sri Lanka.

Rwanda waits for methane power unit

Posted on :Thursday , 24th September 2015

KIGALI, Rwanda - Rwandans will soon benefit from a project that generate electricity from heating methane gas on a floating platform.

The project is being done in two phases and contracted to KivuWatt, a subsidiary of ContourGlobal.

Recently the company announced in the local media that completion of the first phase will be done by October.

Countour. . .

AfDB approves US$121mn grant to improve East Africa\'s electricity access

Posted on :Thursday , 24th September 2015

 The African Development Bank (AfDB) has approved a US$121mn loan and grant to assist the government in improving electricity access for businesses and in rural households. powerlinenigeria pixabayOnly 14 per cent of Uganda has proper access to power, and AfDB hopes to increase that percentage through its project. 

According to AfDB, the move is expected to enhance economic gr. . .

Rwanda: Country Waits for Methane Power Unit

Posted on :Tuesday , 22nd September 2015

Kigali — Rwandans will soon benefit from a project that generate electricity from heating methane gas on a floating platform.