Market News

 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 . . .

Sweden and the United Kingdom have raised $67 million towards Tanzania's rural electrification programme.   'The main objective of the financing programme is to increase access to modern energy services in rural areas of mainland Tanzania for sustainable social economic development and povert . . .

 World Bank group IFC has issued a green bond worth US$71mn for climate-friendly investments in emerging markets windenergy jimhammer flickrThe IFC bond will be used for investments in renewable energy and environment-friendly initiatives. The proceeds will be used to support investments in r . . .

 China has pledged to finance an electricity project in Ivory Coast with US$800m. The project involves the expansion of the country’s electrical grid with the aim of supplying electricity to 500 towns.   Ivory Coast on its part is expected provide additional sum of US$41m towards t . . .