Kenya has secured commitments amounting to billions of shillings from American companies to increase power production and finance infrastructure projects. Some of these projects have already been initiated. President Uhuru Kenyatta said the commitments were secured during a morning meeting with the American companies under the umbrella Business Council for International Understanding (BCIU). He said Africa was the continent in focus for.... Read more »

Posted on : Tuesday , 29th September 2015

African Development Bank President Akinwumi Adesina, who took over this month, said he’s aiming to eliminate Africa’s energy deficit by 2025 by mobilizing $55 billion of investment. Termed the “New Deal for Energy in Africa,” the continent’s largest development bank said the plan will significantly raise its support for energy projects and that its partners should also scale up efforts. The proposal also called.... Read more »

Posted on : Friday , 25th September 2015

 The  construction of the US$ 18m Muvumbe Hydro-power Dam in Uganda has kicked off. Located in Kabale District, Kigarama village in Nyanja parish, Maziba Sub-county, The mega project will be constructed by Vidullanka PLC from Sri Lanka.   The ground breaking of this important project was presided over by the Prime Minister, Dr. Ruhakana Rugunda who hailed the Sri Lankan Ambassador to Uganda, Mr. Kana Kananathan for thinking of.... Read more »

Posted on : Friday , 25th September 2015

Kenya will get the first 90 megawatts from Lake Turkana Wind Power project in 2016 when the first production will be loaded onto the national grid. The biggest wind farm in sub Saharan Africa will run into full capacity in April 2017 transmitting a total of 310 megawatts to the national grid through a 428km overhead line that is being constructed by the Kenya Electrical Transmission Company. The Sh70 billion project located in Loyangalani.... Read more »

Posted on : Thursday , 24th September 2015

KIGALI, Rwanda - Rwandans will soon benefit from a project that generate electricity from heating methane gas on a floating platform. The project is being done in two phases and contracted to KivuWatt, a subsidiary of ContourGlobal. Recently the company announced in the local media that completion of the first phase will be done by October. CountourGlobal signed a 25-year Gas Concession Agreement with the government and a 25-year Power.... Read more »

Posted on : Thursday , 24th September 2015

 The African Development Bank (AfDB) has approved a US$121mn loan and grant to assist the government in improving electricity access for businesses and in rural households. powerlinenigeria pixabayOnly 14 per cent of Uganda has proper access to power, and AfDB hopes to increase that percentage through its project.  According to AfDB, the move is expected to enhance economic growth in several parts of rural Uganda. The grant, which is.... Read more »

Posted on : Thursday , 24th September 2015

Kigali — Rwandans will soon benefit from a project that generate electricity from heating methane gas on a floating platform.   The project is being done in two phases and contracted to KivuWatt, a subsidiary of ContourGlobal.   Recently the company announced in the local media that completion of the first phase will be done by October.   CountourGlobal signed a 25-year Gas Concession Agreement with the government and.... Read more »

Posted on : Tuesday , 22nd September 2015

Johannesburg — COAL of Africa Limited the coal exploration and project development company operating in South Africa, has announced the successful completion of the shareholder approved share placement to Yishun Brightrise Investment PTE Limited.   The 183 231 261 ordinary shares were issued to Yishun, at 5,15 pence per share, in terms of the subscription agreement entered into between the Company and Yishun in relation thereto and.... Read more »

Posted on : Tuesday , 22nd September 2015

700 million people will be supported to afford clean cooking energy stoves by the "New Deal for Energy in Africa," an initiative by the African Development Bank Group (AfDB) unveiled Thursday to solve Africa's huge energy deficit by 2025.   The blue print to get rid of Africa's energy poverty by 2025 was unveiled at a High Level Stakeholder Consultative Meeting attended by business and political leaders at the bank's.... Read more »

Posted on : Tuesday , 22nd September 2015

 The African Development Bank in partnership with the Kenyan government will give Kenya Power an additional of US$ 190m in a bid to see the completion of the Last Mile electricity project in Kenya.   The electricity project whose initiative was started so as to help increase electricity access to Kenyans particularly those who are in the low income group was instigated in May by the Kenyan president in Machakos County.   The.... Read more »

Posted on : Tuesday , 22nd September 2015

 Kenya has announced a second $150 million project to expand its electricity grid to connect another 1.5 million people, with the head of its sole power distributor saying the country was in talks with the African Development Bank to help finance it. The project represents the second phase of a plan to add a total of 3 million people to the grid of the country, where around half of the 40 million population are not connected and many still.... Read more »

Posted on : Monday , 21st September 2015

 Construction works of the 80MW  Rusumo Falls hydropower project which is funded by the World Bank and the African Development Bank is set to begin next year. The construction project will be located at Rusumo Falls along Rwanda-Tanzania border . The announcement comes after the families who were living in the area were relocated.   “Holding other factors constant, the civil works should start in the first quarter of.... Read more »

Posted on : Saturday , 19th September 2015