Turkey - Ethiopia Joint Venture opens new cable plant to boost Production

Posted on :Friday , 10th May 2019

Euro Cable Private Limited Company, a joint venture between Ethiopian and Turkish, opens a new factory which is set to triple its existing electric cable production capacity.

Better returns for Africa as it is contributing to improved use of renewable energy power across the continent

Posted on :Friday , 3rd May 2019

Developing economies everywhere Africa measure during a distinctive position to leapfrog a lot of developed nations by finance in cleaner, environmentally friendlier sources of power at a lower price - main factors conducive to improved use of renewable energy power across the continent.

CHINA TO INVEST $1.8 BILLION IN ETHIOPIA'S POWER PROJECTS

Posted on :Friday , 26th April 2019

China is all set to pump out a gigantic USD 1.8 billion in the transmission and distribution lines of electricity in Ethiopia.

The investment of USD 1.8 billion will be made by the Chinese State Grid Corporation. Ethiopia's prime minister, Abiy Ahmed met with the officials of China Export and Credit Insurance Corporation, commonly known as Sinosure, during a recent visit to China's capi. . .

ACUMEN RAISES $70 MILLION TO FUND CLEAN ENERGY IN EAST AFRICA

Posted on :Friday , 26th April 2019

Acumen is a New York based non profit company that invests in sustainable and socially minded companies around the world.

Established in 2001, Acumen has invested more than $115 million in 113 companies across Africa, Latin America, South Asia, and the United States Acumen Capital Partners a subsidiary of Acumen recently announced a $70 million funding for KawiSafi ven. . .

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

Posted on :Friday , 26th April 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 projects . . .