Market News

 ADDIS ABABA (Thomson Reuters Foundation) – As Washington hosts the U.S.-Africa Leaders Summit this week, an ambitious but low-profile energy programme announced by President Barack Obama in June 2013 is set to move back into the spotlight.   Power Africa is a U.S. government-led i . . .

 TANZANIA is endowed with a huge 4,000mw-cheap geothermal energy potential and the Vice-President, Dr Mohamed Gharib Bilal, has challenged geoscientists in the country and Africa to tap it for the betterment of the people.     The geothermal potential is about three times the exist . . .

 The slow pace with which renewable energy projects have been rolled out across Africa may prove to be an advantage in a few years. As they catch up, African countries could benefit from technological developments and falling costs of wind and solar power. Norman Ndaba, Power and Utilities Sec . . .

 Quantum Power Gas is enthusiastic in developing the Tema LNG importation storage, re-gasification and delivery facilities. The company is a subsidiary of Quantum power, a pan African energy and infrastructure industrial investment platform, and has signed a partnership agreement with Golar LNG . . .

 Two of America’s largest private equity firms are teaming up with West Africa’s largest industrial conglomerate, Dangote Industries, to invest in Africa.   According to a report by the Wall Street Journal, Black Rhino Group, a portfolio company of Blackstone Energy Partners . . .