Market News
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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 . . .Chinese Company Signs a Deal of over 40 mln USD Accord with Ethiopia's Grand Hydro-Dam Project
Posted on :Wednesday , 20th February 2019
Chinese construction and engineering company, China Gezhouba Group Co. Ltd. (CGGC), has inked a contract agreement with the Ethiopian government to be a part of Grand Ethiopian Renaissance Dam (GERD).
The contract agreement involves 40.1 million U.S. dollars, also the CGGC will take part in pre-power generation activities of Ethiopia's grand hydro-electric dam, whic. . .Please Select an Option
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