First Independent Mena Newspaper
Kenya authorities plan to invest more in solar energy as results from the Garissa solar power plant in eastern Kenya helps to stabilize electricity prices in the Eastern African nation. According to Simon Gicharu, Chairman of the Board of Directors of the rural electrification and renewable energy company (Rerec), the Kenyan government will not rest […]
The World Bank Group approved a $45 million loan to the Central African Republic to support the construction of a solar power plant near capital Bangui. The project, to have a capacity of 25 MW, will accelerate the economic development of the country, according to the government. The implementation is scheduled to begin in August […]
The African Enterprise Challenge Fund (AECF), an investment fund set up by the British government has announced a new investment of $20 million to support small and medium-sized enterprises (SMEs) and start-ups in five African countries. Ethiopia, Ghana, Nigeria, Senegal and Somalia are the selected countries for the React Household Solar Round 2 competition. AECF […]
The ECOWAS Bank for Investment and Development (EBID) and the Private Finance Advisory Network (PFAN) have signed a partnership agreement to promote renewable energy within the Economic Community of West African States (ECOWAS). According to the Lomé-based financial institution, the objective of the partnership is to encourage private investment in renewable energy production in the […]
Egypt is considering strategies with manufacturers to invest in the development of the electric vehicle market in the North African nation. In a conclave held in Cairo last week, officials from several Ministries, including that of Military Production, the Arab Industrialization Organization and the Federation of Industries have discussed ways forward to invest in the […]
The Transmission Company of Nigeria (TCN) has officially launched a $170 million power transmission project. The project called the Abuja Feeding Scheme is financed by the French Development Agency (AFD) and provides for building five transmission substations over a 24-month period. The move will help Africa’s most populous nation to stabilize the quality of power […]
The Kenya Nuclear Electricity Board (KNEB) last weekend said slow economic growth and poor power demand could delay the East African nation’s ambitious nuclear energy program that was to go live in 2027. According to KNEB, the 2019 economic growth forecast could jeopardize their plan to produce 2,000 megawatts (MW) capacity power by 2027. Speaking […]
Sahara Energy Resources DMCC, a member of leading international energy and infrastructure conglomerate, Sahara Group, has approved a $600 million donation to support economic growth, peace process and development in South Sudan. According to reports, the facility will also support infrastructure development and youth encouragement. In a statement issued on Sunday, Temitope Shonubi, executive director […]
Morocco’s Research Institute for Solar Energy & New Energies (IRESEN) and Sherbrooke University of Canada have sealed lately a partnership aimed at boosting their cooperation in renewable energies and energy efficiency. This partnership will enable Moroccan university students and professors to work with their Canadian peers on joint projects in solar energy, photovoltaic energy production, […]
Telecoms giant, Econet Wireless Zimbabwe has launched the country’s first industrial solar power plant near the capital city Harare. The solar power plant has 1,435 panels, a generation capacity of 466 KW and is expected to contribute 780 MwH to the national grid per annum according to Power Africa, a subsidiary of Econet. The solar […]