Market News

A new 1.7 MW hydropower plant is set to be built in Zimbabwe at Chimanimani rural district of Zimbabwe.   The plant will boost electricity output in the country and see reduced price of electricity which have constantly growing up in the county.   According to Zimbabwe Energy Regulator . . .

22 winners of the second round of Power Africa Off-Grid Energy Challenge have been announced by General Electric Africa, the United States African Development Foundation (USADF) and the U.S. Agency for International Development (USAID).   The winners, who include 4 from Nigeria – Topste . . .

The Nigeria Minister for Power, Mohammed Wakil, has signed an agreement that will see construction of a new 260MW power plant in Ewekoro, Ogun state. The Minister has described the event as a milestone, and which underscores the need to fast track the nation’s ongoing privatization exercise de . . .

South Africa will be benefiting from power generated from a dam in the Democratic Republic of Congo (DRC), after the two sealed a purchase order for SA to buy electricity in six years time starting end of this month September.   In the agreement, it is expected that South Africa will play the . . .

Five African heads of states have jointly signed a grant with the European Union President, Jose Manuel Barroso, in New York, a grant that will seek to woo private investors into sustainable energy development. The beneficiaries include Rwanda, Cape Verde, Cote D ‘voire, Liberia and Togo. &nb . . .