N e w s

Large Floating Power Plants Helping to Electrify Africa

A floating power plant isn't something you see every day. The massive ships look like plants you'd see on land complete with tall exhaust stacks—except these plants are bobbing in the ocean.   They might look odd, but for people in growing economies around the world, the ships are a welcome sight. The floating power plants can dock in the harbor, crank up their turbines and start quickly generating electricity for customers on.... Read more »

Posted on : Tuesday , 18th October 2016

Rwanda: Public, Private Sector Partnership Key to Achieving Electrification Targets - Govt

The Ministry of Infrastructure (MINIFRA) has said partnership mechanisms between the public and private sectors will enable government to achieve the 2017/2018 electrification targets.  The remarks were made yesterday following the signing of agreements between Energy Development Corporation ltd (EDCL) and 13 more companies to provide off grid solutions country wide.   2017/2018 government's electrification target is to make sure.... Read more »

Posted on : Tuesday , 18th October 2016

East Africa: Africa's Largest Wind Farm on Schedule for Completion In 2017

With 155 turbines of 365 turbines installed in the past six months, Lake Turkana Wind Power project has achieved a has achieved a new milestone well ahead of the completion deadline of next year.   The 310 MW turbines, which are attached to 52 meter rotors are hoisted on towers stretching up to 44 meters high across the arid Sarima Village, in Marsabit County. Once completed, the project will be the largest wind farm in.... Read more »

Posted on : Tuesday , 18th October 2016

East Africa: Households, Industries to Get Natural Gas Connections

Since sometime in 2012 or earlier than that, there were reports of the government's move to supply natural gas to homes--with a pilot project to connect homes in Mikocheni and international hotels.   The move was followed by inauguration of a distribution pipelines connecting homes and the hotels, raising new hopes of accessing the crucial energy more cheaply.   Three gas distribution centres are in place since 2014; in Sinza,.... Read more »

Posted on : Tuesday , 18th October 2016

Ethiopian government to set up petroleum and mineral exploration corporation

 The Ethiopian government is finalizing plans of setting up a giant corporation that will be involved in exploration, development and trading of petroleum, the exploration and development of minerals and the development of bio- fuel dubbed Ethiopian Minerals, Petroleum and Bio-Fuel Corporation with an authorized capital of $675 million.    The giant corporation under formation comprises three divisions ˗Petroleum, mining.... Read more »

Posted on : Tuesday , 18th October 2016

'Give SA its own fracking agency’

 There is a clean future without coal-fired power stations in South Africa. It is a future in which wind and solar plants feed power into the national grid for 80% of the year. These will be backed up by gas-fired generators. But the dangers of getting that gas out of the ground means a patient process has to be followed to answer any questions and quell concerns.   That’s because South Africa refused to join most other.... Read more »

Posted on : Monday , 17th October 2016

Rwanda: Govt Secures Rwf16 Billion to Boost Health Sector

 Government and the Kingdom of Belgium have signed a financial agreement to support the health sector.   The financial agreement worth Euros18 million (about Rwf16 billion) will be channelled through the Ministry of Health, according to Claver Gatete, Minister for Finance and Economic Planning.   Gatete said this yesterday during the signing ceremony held in Kigali, where he stated that the money is part of the ongoing.... Read more »

Posted on : Monday , 17th October 2016

East Africa: EALA Pushes Regional Governments to Allocate More Resources Into Agriculture

 The East African Legislative Assembly (Eala) has tasked regional member countries to allocate more resources into the agricultural sector.   The legislators sitting in Zanzibar further said that member states should also ensure that the legal and regulatory frameworks that are responsive to the needs of the smallholder farmers, youth and women are catered for.   Uganda's Representative Mr Mike Sebalu said the relations.... Read more »

Posted on : Monday , 17th October 2016

Fix taxation to enhance Kenya competitiveness

Statistics indicate that within Africa, Kenya is the second largest destination for Foreign Direct Investments standing at 12.6 per cent compared to South Africa’s 17.1 per cent.   Nairobi as a City has fared even better, now sitting prettily in position one across Africa having overtaken Johannesburg.   Kenya has done well in the last two years on this account – in fact very well indeed bearing in mind the significant.... Read more »

Posted on : Saturday , 15th October 2016

Kenyan firm buys Tanzanian drugs manufacturer

Catalyst Principal Partners, a Kenyan private equity firm, has bought a controlling stake in Tanzanian pharmaceutical company Zenufa Laboratories. The acquisition of Zenufa is Catalyst’s fourth investment in Tanzania and second investment in the healthcare sector. In 2014, it acquired Kenya’s Mimosa Pharmacy, which was later rebranded Goodlife Pharmacy and has rolled out across the region. The $125 million (Sh12.5 billion).... Read more »

Posted on : Saturday , 15th October 2016

Lake Turkana wind power project in Kenya stays on track

As Mega wind farm in Kenya which is the Lake Turkana Wind Power Project- rises from the arid landscape of northwest Kenya’s Marsabit County,one thing is certain-the wind project will not only transform the country’s energy prospects but Africa’s energy landscape.   Seen as a viable project, technology giant Google announced that it was buying 12.5 per cent stake of Africa’s largest wind farm that is the Lake.... Read more »

Posted on : Saturday , 15th October 2016

Akon Gets $1 Billion From China For His Light Africa Initiative

 Akon has received over 1 Billion dollars in investment from China for his 'Lighting Africa' initiative. Hip Hop Star Akon received the investment when both Europe and the USA turned him down. The new investment will help 'Lighting Africa' initiative bring education and the means for Africa to build their own economy without the exploitation from foreign countries.   China’s influence in Africa is growing at an unprecedented.... Read more »

Posted on : Saturday , 15th October 2016



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