Market News| Africa Business News

China to Construct hydroelectric power stations in Africa

The Gezhouba Group Corporation (CGGC), a Chinese base company specializing in the construction of hydroelectric power stations plans to construct two hydroelectric power stations in Gabon. Besides constructing 3 Gorges Dam in China, the power company is renowned corporation for constructing the largest hydroelectric dam in the world in terms of production capacity The Chinese firm delegation have already met up with.... Read more »

Posted on : Monday , 8th February 2016

East Africa Near to Exporting Power

East Africa wants to become a leading electricity exporter in Africa after reaching initial agreements with several neighbouring countries writes JOHN SAMBO. Gosaye Mengistie Abayneh, the CEO of Ethiopian Electric Utility (EEU) said recently, "Our vision is to interconnect the entire network in the African continent and beyond. "This is a very good opportunity for us. There is a very good know-how these days and a.... Read more »

Posted on : Thursday , 4th February 2016

Phoenix Energy to construct mega solar power plant in Africa

One of the leading Lebanese energy companies Phoenix Energy is now set to construct one of the largest solar power plant in Egypt after clinching a contract for the same. According to the officials from the Lebanese firm, the project will be constructed near Luxor and Aswan region in the country. According to the officials, the project is expected to be one of the biggest in Egypt. Phoenix Energy will install over 200,000.... Read more »

Posted on : Wednesday , 3rd February 2016

US firm to plan for power supply in Mutli-million dollar Tatu City in Kenya

A multi-million satellite complex Tatu City in Kenya , has announced that it had appointed US-based firm Power Engineers Inc to plan on power infrastructure for use within the industrial complex. Power Engineers is one of the largest consulting engineering firms in the United States Tatu City in Kenya management said that The Power Engineers Inc is well suited for the job having worked with clients such as the World Bank,.... Read more »

Posted on : Saturday , 30th January 2016

International Power firm to construct 10 MW PV solar plant in Africa

An international power firm has announced plans to construct a 10 MW solar plant in Gambia a move that will boost electricity supply in the country. Emerging Power Ghana Limited has already signed a 25-year power purchase deal with Gambia’s National Water & Electricity Company (NAWEC). Yasser Gamil, Emerging Power (Gambia) Ltd.,MD signed the agreement on behalf of the company while the National Water & Electricity.... Read more »

Posted on : Friday , 29th January 2016

China to invest $15bn on infrastructure projects in African Nation

China will invest $15Billion for over 15 infrastructure projects in Egypt following a recent visit by president Xi Jinping to the North African country. According to official reports presidents Jinping and Sisi signed a number of joint projects aimed at boosting infrastructure in the country. More investment will be channeled towards electricity, transport and infrastructure sectors. According to Sisi the projects.... Read more »

Posted on : Thursday , 28th January 2016

Promising 'New Deal on Energy' for Africa

African Development Bank will manage Africa's New Deal on Energy along with investing US$12bn in energy funding over the next five years The deal's aims all revolve around providing more power for the households for Africa Africa has been well-recognised as a huge resource potential for the energy sector and yet the economic conditions do not yet allow the complete utilisation of this potential. It is these circumstances that have.... Read more »

Posted on : Wednesday , 27th January 2016

Largest mall in East Africa to get own electricity

The Largest mall in East Africa that is under construction in Kenya-Two Rivers mall will get its own electricity thanks to investment firm Centum that has pledged to construct solar and diesel power plants that will generate 12MW of electricity to provide power to the mall. Centum secured a license from the Energy Regulatory Commission (ERC) to generate and supply electricity at the mixed-use commercial development that.... Read more »

Posted on : Wednesday , 27th January 2016

Renaissance Dam construction project in East Africa in good course

The construction of the Ethiopia Renaissance Dam is in good course despite stiff opposition from Egypt. Reports from Ethiopia Electric and Power Corporation seem to indicate that the dam will soon start generating 750MW of electricity. However, Egypt is concerned that the dam will be utilised for irrigation in Ethiopia, resulting in reduced downstream supply. However, Ethiopia maintains that there are no hidden agendas.... Read more »

Posted on : Tuesday , 26th January 2016

Yet another huge gas power plant to be constructed in Africa

Namibia will construct its largest gas power plant since independence in 15 months’ time, Xaris Holdings, a company managing the project has announced. The plant is estimated to cost 450 million US dollars. Other companies involved in this mega project includes; General Electric, Excelerate Energy, Standard Bank, Garanti Koza, KS Energy and Ariya Capital Group. The major power plant to be constructed in.... Read more »

Posted on : Monday , 25th January 2016

Construction of Batoka Hydro Power Plant to begin 2017

The construction of Batoka Hydro Power Plant in Zimbabwe is set to commence in 2017. The plant will be built on the Zambezi River along the Zimbabwe-Zambia border. Zimbabwe’s Energy and Power Development Minister, Samuel Undenge, told journalists in Harare last week that the feasibility studies are expected to be completed by June this year. “This is a joint project between Zimbabwe and Zambia and with the.... Read more »

Posted on : Friday , 22nd January 2016

Joint Sweden-UK Package for Tanzania's Grid

Sweden and the United Kingdom have raised $67 million towards Tanzania's rural electrification programme. 'The main objective of the financing programme is to increase access to modern energy services in rural areas of mainland Tanzania for sustainable social economic development and poverty alleviation,' the official statement read sin part. Sweden through the Swedish International Development Agency (Sida) together with the.... Read more »

Posted on : Wednesday , 20th January 2016