Market News| Africa Business News

AKON PROVIDES ELECTRICITY TO 80 MILLION AFRICANS

Here in the west, Akon is a celebrity mostly known by his musical hits like “Locked Up,” “Lonely,” “Belly Dancer,” and “Ghetto” to name just a few. But his most amazing noteworthy achievement and legacy, which has not been mentioned much in the mainstream western media, is that through his entrepreneurial endeavors stemming from the success that he had through his music career, he.... Read more »

Posted on : Friday , 2nd September 2016

Rwanda: BBOXX Secures U.S$20 Million Funding to Expand Solar Off-Grid Connectivity

BBOXX, a leading global off-grid solar company, successfully closed a $20 million Series C investment on 30 August. The company has pioneered a distributed energy platform, comprising data-driven technology and a unique solar home system design to deliver off-grid energy on a utility scale. Since 2010, BBOXX has provided off-grid electricity to more than 350,000 people in 35 countries around the world. This latest round of.... Read more »

Posted on : Friday , 2nd September 2016

Preparation for geothermal drilling campaign under way in Ethiopia

Reported from Addis Ababa today, the Geological Survey of Ethiopia has announced that preparations are underway to begin drilling of 12 geothermal wells at Airobera, Alelobeda and Dubti areas in Afar Regional State. Tamiru Mersha, Communication Director at GSE, said drilling of the 325MW wells will begin this Ethiopian budget year. According to him, six wells will be drilled at Airobera and Alelobeda with the financial and.... Read more »

Posted on : Thursday , 1st September 2016

SA-made drone set to disrupt power sector

A power line inspection drone designed by local robotics engineers could be the answer to Eskom’s power cut woes, and has already piqued the interest of overseas governments. Durban engineers Trevor Lorimer and Timothy Rowell built the first prototype as part of a master’s degree project to develop the power line robot, which is almost ready to be produced for industrial use. The duo worked with Eskom and the.... Read more »

Posted on : Thursday , 1st September 2016

Kenya Power Rolls Out Sh22 Billion Plan to Tame Outages

Kenya Power will spend Sh22 billion to modernise electricity grid as a growing number of connections puts pressure on the current network. After three national outages in 2016, and a rising concern over the quality of power supply, the utility provider will now create an alternative network to take over when the current lines become faulty, effectively minimising blackouts. Dubbed the 2016-20121 Grid Development and.... Read more »

Posted on : Wednesday , 31st August 2016

Tanzania to sign 400MW power purchase deal with Ethiopia

Tanzanian authorities said on Saturday that the country will sign a 400 megawatts power purchase agreement with Ethiopia in the coming weeks. Felchesmi Mramba, Managing Director of state-owned Tanzania Electric Supply Company, said the official signing of the power pact will be preceded by a meeting in Arusha of 10 member states of the Eastern Africa Power Pool. Countries forming the Eastern Africa Power Pool are Kenya,.... Read more »

Posted on : Wednesday , 31st August 2016

Renewable energy project to connect 77,000 rural homes

Government efforts aimed at increasing supply of clean energy to power its green growth ambitions have gotten a boost, thanks to a new off-grid renewable energy support programme. Scaling up Off-Grid Energy in Rwanda (SOGER) aims to grow sustainable off-grid renewable energy markets by supporting private sector companies to deliver energy access to 77,000 people in poor rural areas, Herbert Nyaga, the country manager of Energy 4.... Read more »

Posted on : Tuesday , 30th August 2016

Ethiopia To Transfer Solar Energy Projects To Private Developers

ADDIS ABABA, Aug 30 (BERNAMA-NNN-ENA) -- Ethiopian Electric Power (EEP) has announced that it would transfer three solar energy generation sites to private developers. The sites have been identified and evaluation is underway to hand over the projects to private developers who win the tender floated for the purpose. CEO of Ethiopian Electric Power (EEP) Engineer Azeb Asnake told ENA that sites were identified in Metahara,.... Read more »

Posted on : Tuesday , 30th August 2016

Ethiopia and Tanzania agree on power export deal

Tanzania is set to sign electricity power export deal with Ethiopia making it the fourth African country purchasing electricity from the latter. Ethiopia’s national power company (EEP) on Saturday announced that Tanzania has agreed to purchase 400 MW of Ethiopia’s hydro-power processed electricity. EEP’s Chief Executive Officer, Azeb Asnake said the agreement between the two countries will be finalized.... Read more »

Posted on : Monday , 29th August 2016

Tanzania to sign 400MW power purchase deal with Ethiopia

Tanzanian authorities said on Saturday that the country will sign a 400 megawatts power purchase agreement with Ethiopia in the coming weeks. Felchesmi Mramba, Managing Director of state-owned Tanzania Electric Supply Company, said the official signing of the power pact will be preceded by a meeting in Arusha of 10 member states of the Eastern Africa Power Pool. Countries forming the Eastern Africa Power Pool are Kenya,.... Read more »

Posted on : Monday , 29th August 2016

Tanzania�s rural electrification plan gets $470m boost

Tanzania's plans to increase electricity connections in rural areas have been boosted by a $470-million loan that the East African country has secured from a consortium of development partners. The country has made efforts to tackle abject poverty in rural Tanzania, where electricity access has remained a pipe dream for the majority, but the loan – from the World Bank, the Norwegian, Swedish and UK governments, the European Union.... Read more »

Posted on : Saturday , 27th August 2016

Africa: Tanzania Can Learn From Iceland Geothermal Energy Strides

Iceland — Geothermal energy is not among the much known sources of energy in Tanzania. However, the country is believed to be endowed with an abundant resource base that can generate electricity and furthermore utilise the spent geothermal fluid from power plant in social-economic activities such as agriculture, fishing, and recreational activities and in industries. According to the available geoscientific data and current.... Read more »

Posted on : Friday , 26th August 2016