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Market News

  • Construction of Rusumo Falls Hydropower Project along Rwanda-Tanzania border to begin

    Posted on :Wednesday , 9th September 2015

    Construction works of the 80MW  Rusumo Falls hydropower project which is funded by the World Bank and the African Development Bank is set to begin next year. The construction project will be located at Rusumo Falls along Rwanda-Tanzania border . The announcement comes after the families who were living in the area were relocated.
     
    “Holding other factor. . .

  • Construction of power facilities in Africa to receive a boost from AfDB

    Posted on :Tuesday , 8th September 2015

     The African Development Bank now says that it will focus more on efforts to construct more power facilities in Africa in a bid to tackle the chronic power shortages in the continent.  AfDB new president Dr. Akinwumi Adesina said that the move will help unlock Africa’s economic potential and end its vulnerability to fluctuations in commodity prices.

     
    . . .

  • Gas-fired power generation could add US$12bn to Africa\'s GDP

    Posted on :Saturday , 5th September 2015

     South Africa could tap into its natural gas reserves to expand its energy mix and support growth across the economy, recommended McKinsey Global Institute

    DualfreqGas-fired power plants could help make up for deficits in South Africa's power supply. (Image source: Dualfreq/WikimediaCommons)
    Gas-fired power generation alone could add US$12bn to South Africa’s GD. . .

  • East African countries move to harmonize regional energy policy

    Posted on :Friday , 4th September 2015

    As east Africa’s energy demands continue to raise, regional countries are looking to formulate a comprehensive policy on energy security and ease the conditions for investors in the sector. Speaking Monday at a meeting on policy framework in Kigali, Antonio Pedro the United Nations Economic Commission for Africa (UNECA), country director, said the absence of the policy has made countries . . .

  • UN body to aid Africa with nuclear power generation

    Posted on :Thursday , 3rd September 2015

     UN’s International Atomic Energy Agency (IAEA) has decided to help African nations with the development of nuclear energy for electricity generation

    nuclearplant 12923 pixabayPlans for nuclear power generation are making headway in Kenya. (Image source: 12923/Pixabay)
    Several African countries have expressed interest in the peaceful development of nuclear power. . .

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