Nigeria, Russian Firm Stake N16 Trillion to Build Four Nuclear Plants

Nigeria has signed an agreement with a Russian firm, Rosatom, to build four nuclear power plants in the country valued at $80 billion, about N16 trillion.

The power plants which will have a combined capacity of 4,800 megawatts, are expected to come on stream between 2025 and 2035.

Speaking at a forum in Kenya Tuesday, Mr. Franklin Erepamo Osaisai, Chairman/Chief Executive Officer, Nigeria Atomic Energy Commission, said the building of the nuclear plants.... Read more »

Posted on : Friday , 24th April 2015

Investors call for a trade-boosting environment in Kenya

Business leaders want the government to come up with programmes that can support local innovators and young entrepreneurs to turn their ideas into profitable enterprises.

Meeting in Nairobi over the weekend, the investors also sought incentives for local firms, as opposed to the current focus on their foreign counterparts, as well as give them preference when procuring goods and services.

Studies have shown that many innovations in Kenya die at the infa.... Read more »

Posted on : Friday , 24th April 2015

Rosatom, ready to empower Africa.

Global nuclear giant Rosatom incorporates more than 350 companies worldwide and includes civil nuclear companies that specialize in power generation and nuclear fuel production, nuclear and radiation safety complex facilities, fundamental and applied science, nuclear medicine organizations, as well as the world’s only nuclear-propelled fleet of ice breakers.