Market News

 African Development Bank will manage Africa's New Deal on Energy along with investing US$12bn in energy funding over the next five years The deal's aims all revolve around providing more power for the households for Africa  Africa has been well-recognised as a huge resource potential fo . . .

 The Largest mall in East Africa that is under construction in Kenya-Two Rivers mall will get its own electricity thanks to investment firm Centum that has pledged to construct solar and diesel power plants that will generate 12MW of electricity to provide power to the mall.   Centum sec . . .

 The construction of the  Ethiopia Renaissance Dam is in good course despite stiff opposition from Egypt. Reports from Ethiopia Electric and Power Corporation seem to indicate that the dam will soon start generating 750MW of electricity.   However, Egypt is concerned that the dam wi . . .

 Namibia will construct its largest gas power plant since independence in 15 months’ time, Xaris Holdings, a company managing the project has announced. The plant is estimated to cost 450 million US dollars.   Other companies involved in this mega project includes; General Electric . . .

 The construction of Batoka Hydro Power Plant in Zimbabwe is set to commence in 2017. The plant will be built on the Zambezi River along the Zimbabwe-Zambia border.   Zimbabwe’s Energy and Power Development Minister, Samuel Undenge, told journalists in Harare last week that the fea . . .