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 . . .

Continental Subsidiary Receives Renewable Energy Grant

Posted on :Saturday , 20th December 2014

 Continental Energy Corporation (OTCQB:CPPXF), the "Company", an emerging international energy investment company, today announced that its Tanzanian subsidiary, Ruaha River Power Company Ltd. ("Ruaha Power"), has been appointed manager of a US$ 95,000 grant from the Rural Energy Agency ("REA") of Tanzania.

Zambia, Kenya and Tanzania sign US$1.2bn MoU for power interconnectivity

Posted on :Friday , 19th December 2014

The governments of Zambia, Kenya and Tanzania have signed an MoU for US$1.2bn to for a power interconnector project between the three countries.

The upcoming project would link the Eastern African Power Pool with the Southern African Power Pool.

South Africa to announce 1,000 MW of renewable energy contracts

Posted on :Thursday , 18th December 2014

 JOHANNESBURG - South Africa will announce a series of renewable energy projects on Monday that will add 1,000 megawatts (MW) of power into the country's constrained electricity grid.

It is also committed to introducing renewable into its mix of power generation, 95 percent of which is coal at the moment.

Tanzania: Shot in the Arm for Energy Sector Projects

Posted on :Thursday , 18th December 2014

The United States government, through the Millennium Challenge Corporation (MCC), has promised to provide 78 million US dollars to support the development of high impact investment projects in the energy sector, it was announced yesterday.