Market News

Implementing its second Growth and Transformation Plan (GTP II) in the coming five years, Ethiopia will endeavor to boost its power generation to at least 17,000 MW, said Ethiopia’s President Mulatu Teshome. Having completed the implementation of its first GTP, the East African country in Sep . . .

 The Sustainable Energy Fund for Africa (SEFA) has approved a US$965,000 grant to support the preparation of a turnkey hydropower plant in Saltinho, Guinea Bissau hydropower  The plant is expected to have a capacity of 20MW, said AfDB. The announcement was made on the sidelines of the Afr . . .

It’s no secret that Africa’s economic development has been stifled by the shortage of electricity across the continent. The Africa Progress Report 2015 puts theannual electricity-related economic loss at 2 percent to 4 percent of GDP. In Ghana and Tanzania, electricity shortages are cost . . .

Electricity exports from Kenya to Uganda and Tanzania have significantly increased as of July this year, Energy Regulatory Commission in Kenya  has noted. According to the regulator the move is due to the recent  addition of geothermal power into the national grid. “The country ha . . .

The development of renewable energy received a shot in the arm after the African Development Bank set up a 21 billion shillings equity fund. The fund will be geared towards small and medium hydro, wind, geothermal, solar and biomass projects in the Sub Saharan region.Other interested parties include . . .