Latest African business news, economy, corporate, markets updates

South Africa set to get a nuclear power plant funded by Russia

South Africa is set to get a new nuclear power plant, following the signing of a cooperation deal with Russia recently. Both sides noted that the nuclear power plant will have a production capacity of up to 9.6 GW based on Russian Technology, by 2030. The announcement was made during an International Atomic Energy conference in Vienna this Monday.

The South African Minister for Energy, Tina Joemat-Pettersson, noted that the agreement opens up doors for S.... Read more »

Posted on : Monday , 29th September 2014

Namibia to construct US$ 1.2bn gas-fired power plant

Shanghai Electric from China has been chosen by the Namibian Government as the preferred company to build a new USD $1.2bn gas-fired power plant in the country.

Upon completion of the power plant, it is expected that there will be a production capacity of up to 1050MW and it will be connected to the South African and Namibian electricity grid for use in the region and locally.

The project which is in Kudu, South Western Nam.... Read more »

Posted on : Monday , 29th September 2014

A US 260m peat power plant to be constructed in Rwanda

The government of Rwanda is planning to construct a new US$ 260m peat-fueled power plant in Gisagara district, Rwanda to add up to 80 megawatts into its national grid.

To be constructed in partnership with a Turkish company, Hakan, the new peat power plant will help address the country’s growing energy demands.

The project is the second in the country after the Gishoma peat power plant that is nearing its completion a.... Read more »

Posted on : Monday , 29th September 2014

Two solar power plants to be constructed in Nigeria at US$106m

Two solar-powered plants are set to be constructed in Kumbotso, Kano state and Karu, Abuja state of Nigeria. The project will require US$106m to fund the construction, and each each solar power plant will give off 50MW.

A consortium of international investors, Global Business Resource of USA this week submitted a proposal to the relevant Nigerian ministry, in which they also propose to carry out Geographic Information System (GIS) mapping for renewa.... Read more »

Posted on : Monday , 29th September 2014

Sub-Saharan Africa's infrastructure spending to exceed US$180 million by 2025, says PwC report

The overall infrastructure spending in the sub-Saharan region is projected to grow by 10 per cent a year over the next decade and will exce.... Read more »
Posted on : Monday , 29th September 2014

Rwanda's convention centre to become iconic landmark

Rwanda is putting up a landmark conference centre as part of its plans to reap from conference tourism. Kigali Conference Centre, a dome-like construction being built mainly using steel, will have a seating capacity of 2,600.

Posted on : Monday , 29th September 2014