Market News | POWER & ENERGY Ethiopia 2019

Market News

  • African Development Bank Commits $25 Billion to Strengthen the Renewable Energies Sector

    Posted on :Thursday , 28th March 2019

    Renewable energy, especially solar energy, is the key to driving Africa's economic development and combating climate change, said the African Development Bank (AfDB) president, while providing $ 25 billion in a new climate funding between 2020 and 2025.

    AfDB said the funds would be used to boost investment in renewable energy p. . .

  • East Africa's Power Output poised to reach 7,480MW by 2022

    Posted on :Wednesday , 3rd April 2019

     By 2022, the East African Community (EAC) will have a combined generation of 7,480 MW of electricity. This is set to be accomplished through a $ 2.5 billion funding from the African Development Bank (AfDB)  for infrastructure projects in the region. According to multiple sources, th. . .

  • Electrified Africa, burgeoning market

    Posted on :Wednesday , 3rd April 2019

    As power rolls out across continent, ranks of appliance consumers swell rapidly.

    With a population of more than a billion and increasing access to power, sub-Saharan Africa could present a massive market for electrical products and services – sectors that are among Hong Kong’s fortes.

    In its 2017 World Economic Outlook, the International Energy Agency (. . .

  • EAST AFRICA THE FINEST INVESTMENT DESTINATION IN 2019

    Posted on :Thursday , 7th March 2019

    Rand Merchant Bank (RMB) report has predicted that Kenya, Rwanda, Ethiopia and Tanzania will be among Africa’s most attractive investment destinations in 2019. 

    East Africa being a fulfilling region in last few years has recorded more than an average growth in the number of Foreign Direct Investment (FDI).
     
    Ethiopia being Africa’s fastest. . .

  • Ethiopia and Djibouti signs deal to build 765km pipeline

    Posted on :Friday , 22nd February 2019

    The government of Ethiopia and Djibouti has signed a deal to build a 765km pipeline to transport gas from the landlocked state to Djibouti, partly bordered by the red sea.

    The agreement which was signed between Minister of Ethiopia’s Mines and Petroleum Samuel Urkato and Djibouti’s Energy and Natural Resources Yonis Guldi, states that 700km pipeline will be installed . . .

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