Latest African business news, economy, corporate, markets updates

Mtwara Port in Tanzania set for a major upgrade

The discovery of oil and gas in the Mtwara and Lindi regions in Tanzania is the main reason for the upgrade process Mtwara port is to undergo. The two regions have the largest share of the 43 trillion cubic feet of natural gas discovered in Tanzania.

Mtwara port manager, Musiba Fikili, said that the port management will undertake two major steps in order to deal with the rise in number of cargo the port handles annually. The management hopes that t.... Read more »

Posted on : Wednesday , 24th September 2014

Italian firm to develop two solar plants in South Africa

Italian energy company TerniEnergia has signed a deal with an unnamed utility firm to develop two solar plants in South Africa for US$197.3mn

Posted on : Monday , 22nd September 2014

China to transfer renewable energy technology to Africa

China to work on a US$2.7mn project with Ghana to transfer renewable energy technology to the African nation

Posted on : Monday , 22nd September 2014

Over US$ 1bn worth wind power plants to be completed in Egypt within 3 years

A network of wind power farms, with 600-megawatts will be set up in Egypt in three years. This is according to Egyptian Vice President Wael Hamdy. El Sewedy Electric, which is the company planning to build the farms, will start on measuring wind speeds, assessing key environments and carrying out topographic studies in relation to the wind power plants project.

Elsewedy Electric was named on July as the winner of the state tender to set up six wind.... Read more »

Posted on : Monday , 22nd September 2014

Egypt to tender for 8Gw power generation projects

Egypt is planning to offer two tenders for projects that will see it add 8GW of coal power, wind and solar, according to Minister of Investment Ashraf Salman. The Minister said last week that two coal power plants will be constructed in the 2014/2015 fiscal year (as part of the overall plan), and will help the country meet the growing need for electricity.

A power generation project relating to generating 4Gw of powe.... Read more »

Posted on : Monday , 22nd September 2014

Zimbabwe to Get 1200MW Thermal Power Station

A 1200 MW thermal power station and a coal mine are set to be constructed in Western Zimbabwe, after three firms from China came up with the proposal. These projects will help cut down on power shortages in a country where only 1100MW of power is being produced at the moment. This is just half of what consumers really need.

The three companies under the thermal power station deal are Shanghai Electric, Shenergy Co Lt.... Read more »

Posted on : Monday , 22nd September 2014

Power sector investment ll hit $20bn in 2017 —NERC

Investment in electricity will average $20bn per annum in 2017, the Chief Executive Officer, Nigerian Electricity Regulatory Commission, Mr. Sam Amadi, has said.

Amadi spoke at a seminar tagged, ‘Dividends of Privatisation of the Nigerian Power Sector’, organised by the financial services group of the Lagos Chamber of Commerce and Industry.

Amadi, who was represented by the Head of NERC South West, Zonal Office,.... Read more »