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Market News

  • East Africa: Green Energy Firms Look to Crowdfunding to Raise Funds for Expansion

    Posted on :Friday , 13th January 2017

    Renewable energy companies in East Africa are now turning to crowdfunding to raise money for expansion.

     
    Firms that provide solar kits and modern cooking stoves -- such as Rubagabaga Run of River Hydropower Project in Rwanda, SimGas Kenya Ltd, Eco-Charcoal Ltd and Uganda's Eco Group Ltd -- are bypassing traditional financial intermediaries and turning to online crowd. . .

  • Ethiopia Ready for Low Carbon, Green Industries

    Posted on :Tuesday , 3rd January 2017

    Though Ethiopia didn't cause climate change it is confronted by the threat the challenge poses. It should also recognize the opportunity that the change presents. Climate change is not a future possibility for Ethiopia but it is already a present reality.

     
    Like much of Africa, Ethiopia has become warmer over the past century and human induced climate change is projec. . .

  • Ethiopia: Mega Renewable Energy Projects to be Launched in 2017 - Ministry

    Posted on :Friday , 30th December 2016

    The country is aggressively working to utilize its renewable energy.

     
    The Ministry of Water, Irrigation and Electricity recently announced it would launch mega renewable energy projects generating over 5,000 MW in 2017.
     
    Ministry Public Relations Director Bizuneh Tolcha said preparations have been finalized to begin the construction of 1. . .

  • Uganda Turns on East Africa's Largest Solar Power Plant

    Posted on :Wednesday , 28th December 2016

     Uganda’s new $19 million solar plant in Soroti heralds a new era that will see the country start to change the energy mix away from dependence on hydroelectricity.

     
    The 10 MW facility, located 293km east of Kampala, is the country’s first grid-connected solar plant.
     
    Julius Wandera, the Electricity Regulatory Authority . . .

  • Ethiopia: 'We Continue Developing Renewable Energy Sources' - PM

    Posted on :Friday , 23rd December 2016

    Ethiopia is highly endowed with electric power potential that can be developed from water, solar and geothermal. Realizing the potential, the nation has been investing a great deal to cultivate the energy sources from wind, water bodies and the like.

     
    In relation to the efforts undertaken so far, the country has increased significantly its power generation capacity s. . .

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