Market News
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Ethiopia Unveils $375 Million National Electric Power Project
Posted on :Saturday , 2nd December 2017
The Ethiopian government unveiled a new 375 million U.S. dollar national electricity project.
The project, called "Light for All," will be implemented in the coming seven years across Ethiopia, with an objective to provide electricity to rural areas that currently have no access to electricity.Hailemariam Desalegn, Ethiopian. . .
Kenya, Ethiopia Among Top Countries in Wind Energy Investment
Posted on :Saturday , 29th April 2017
Kenya is among the countries poised to lead in wind energy investment in Africa this year according to a new report.
Global Wind Energy Council (GWEC), the international trade association for the wind power industry, says Kenya is setting the pace in the region in the use of wind as a renewable source of energy by initiating the generation of 700 megawatts for the n. . .AFDB discloses a $12bn power plan for Africa
Posted on :Saturday , 22nd April 2017
The African Development Bank (AFDB) has unveiled plan to invest $12 billion over the next five years under its new electrification programme.
The fund will support its New Deal on energy for Africa which aims to achieve universal access to Africa by 2025.
The plan was born out of the Energy Week conference held in Abidjan, Ivory Coast in March which brought stakeholders to. . .Africa: Govts Urged to Invest More in Energy, Bridge Power Deficit
Posted on :Thursday , 23rd March 2017
African states and stakeholders have been urged to invest more in the power sector and close the continent's energy deficit.
Africa Progress Panel chairman and former UN Secretary-General Kofi Annan and the African Development Bank (AfDB) chief, Akinwumi Adesina, made the call during the launch of the "Lights, Power, Action: Electrifying Africa," report ov. . .Ethiopia: Russian Firms Craving to Invest in Ethiopia's Energy Sector - Ambassador
Posted on :Wednesday , 22nd March 2017
Russian Ambassador to Ethiopia Vsevolod Tkachenko said Russian companies crave to invest in Ethiopia is increasing while eyeing the energy sector as a priority.
In an exclusive interview with The Ethiopian Herald, Ambassador Tkachenko stated that Ethiopia's rapid economic ascension lured Russian-based companies to do businesses here.T. . .Please Select an Option
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