Market News

Construction of Rusumo Falls Hydropower Project along Rwanda-Tanzania border to begin
Construction of Rusumo Falls Hydropower Project along Rwanda-Tanzania border to begin
9 September 2015

Construction works of the 80MW  Rusumo Falls hydropower project which is funded by the World Bank and the African Development Bank is set to begin next year. The construction project will be located at Rusumo Falls along Rwanda-Tanzania border . The announcement comes after the families who wer . . .

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Construction of power facilities in Africa to receive a boost from AfDB
Construction of power facilities in Africa to receive a boost from AfDB
8 September 2015

 The African Development Bank now says that it will focus more on efforts to construct more power facilities in Africa in a bid to tackle the chronic power shortages in the continent.  AfDB new president Dr. Akinwumi Adesina said that the move will help unlock Africa’s economic poten . . .

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Gas-fired power generation could add US$12bn to  Africa\'s GDP
Gas-fired power generation could add US$12bn to Africa\'s GDP
5 September 2015

 South Africa could tap into its natural gas reserves to expand its energy mix and support growth across the economy, recommended McKinsey Global Institute DualfreqGas-fired power plants could help make up for deficits in South Africa's power supply. (Image source: Dualfreq/WikimediaCommons) . . .

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East African countries move to harmonize regional energy policy
East African countries move to harmonize regional energy policy
4 September 2015

As east Africa’s energy demands continue to raise, regional countries are looking to formulate a comprehensive policy on energy security and ease the conditions for investors in the sector. Speaking Monday at a meeting on policy framework in Kigali, Antonio Pedro the United Nations Economic Co . . .

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UN body to aid Africa with nuclear power generation
UN body to aid Africa with nuclear power generation
3 September 2015

 UN’s International Atomic Energy Agency (IAEA) has decided to help African nations with the development of nuclear energy for electricity generation nuclearplant 12923 pixabayPlans for nuclear power generation are making headway in Kenya. (Image source: 12923/Pixabay) Several African c . . .

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