Market News

Ghana has taken an important step on the road to achieving nuclear power, passing the Ghana Nuclear Regulatory Bill   The bill, which is currently awaiting presidential assent before being officially signed into law, details the establishment of a regulatory authority to ensure the safe and r . . .

Uganda's retail power distributor Umeme Power Company is reported to be investing US$24mn in automated meter-reading technology that uses smart meters to help it curb energy losses among large commercial consumers   A smart meter records consumption of electric energy, relaying that informati . . .

 The Ugandan and two companies from Germany and France has signed a US$ 76m agreement that will see the construction of the Muzizi hydro-power project come to birth and help in providing power to more than 60,000 homes.   Germany Development Bank (KfW) and the French Development Agency a . . .

 The construction of a nuclear plant in Ghana depends on the Ghana Nuclear Regulatory Bill that is awaiting presidential assent.   The Bill when fully operational will establish the Ghana Nuclear Regulatory Authority with clear functions and responsibilities and to provide for the benefi . . .

 Construction of power projects in Tanzania is set to begin after 4 companies in the country were announced beneficiaries of US president Barrack Obama’s Power Africa initiative. The companies will eventually help in the expansion of renewable energy solution which targets rural areas. & . . .