Corporate council on Africa

Egypt Gets $ 6.3 Bln German Financial Support for Power Projects

The Egyptian government has obtained a German financial support for three power projects to be carried out under the supervision of German group Siemens, through their local partners Orascom Construction and El-Sewedy Electric. The three projects will cost $ 6.3 billion lent by Deutsche Bank, HSBC Germany and German Bank of Reconstruction (KfW). The loan […]

Benin eyes 300 MW in solar energy output by 2030

Benin is planning to generate 300 Megawatt in terms of solar energy by 2030, as the western African country strives to mitigate the energy deficit. Samou Séidou Adambi, the country’s minister of Energy made the announcement Saturday October 7 on the sidelines of the 15th Summit of ministers of Energy of the regional organization, ECOWAS. […]

Poverty: World Bank to boost lending to Africa

The World Bank’s new president, David Malpass, announced over the week plans to boost lending to African countries to help fight poverty. Malpass made the statement after touring Madagascar, Ethiopia and Mozambique on April 29-May 3. He met with these countries’ leaders and stakeholders and visited World Bank-funded projects. Africa is working at reducing poverty […]