Market News
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East Africa speeds up energy projects
Posted on :Monday , 29th December 2014
East African governments have doubled their efforts to increase energy output, with several multi-million dollar projects on the cards.
The aim is to meet rising demand as well as attract more investments, after the 2014 World Bank Ease of Doing Business report noted that low energy output remains a hurdle for investors.In the past two months, Rwanda, Tanzania and K. . .Kenya: Africa s largest wind power project achieves full financial close
Posted on :Monday , 29th December 2014
Following the financial close of Lake Turkana Wind Power Project (LTWP), the first disbursement of funds pursuant to the financing agreements signed in March 2014 has been received.The Sh70 billion project is the largest single wind power project to be constructed in Africa and is to date, the largest private investment in the history of Kenya and the most complex and challenging. . .Zambia-Tanzania-Kenya power inter-connector project
Posted on :Wednesday , 24th December 2014
The project, which was signed in Livingstone, Zambia last week on December 15, 2014, is set for completion in phases between 2016 and 2018.
“By doing so power tariffs would be reduced, our people would now get cheaper power possi. . .Ghana government backtracks on power utility privatization
Posted on :Sunday , 21st December 2014
Ghana has admitted that it is privatizing the country's power utility as part of conditions to access foreign funding, barely six months after it dismissed reports about the move.
The government is holding a series of stakeholder meetings to consider concession or partial privatization of the Electricity Company of Ghana (ECG).
"Government is considering concession . . .
Ethiopia plans to expand energy and industry with Eurobond funds
Posted on :Sunday , 21st December 2014
Ethiopia plans to expand industry, sugar factories and power production using proceeds from its oversubscribed debut Eurobond that raised $1 billion, the finance minister said on Tuesday.
Ethiopia is the latest African state to receive a strong response on its first foray into the international debt markets. Investors have been eyeing Africa's sturdy growth rates and Ethiopia's economy . . .
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