Africa Finance Headlines International

Sahel: A $400 billion plan to counter climate change

Heads of state of 17 countries in the Sahel region will hold a summit meeting next week in Niamey to approve a climate investment plan worth $400 billion. The 12-year plan will cover the 2018 to 2030 period. It is expected to involve 17 nations from the Atlantic Ocean to the Horn of Africa and […]

Africa Headlines International

As Cotonou Agreement Nears Expiry, EU Negotiates a New Deal with a More Assertive Africa

As the Cotonou Agreement binding the European Union to 79 countries in Africa, the Caribbean and the Pacific (ACP) is expiring in May 2020, negotiation on a new deal are ongoing, reported recently the European news website eubulletin.com. EU policymakers are hoping to make progress soon since there is growing assertiveness of African governments and […]

Africa Business Headlines International Morocco

Morocco, Ethiopia to foster trade and investment partnerships

Morocco and Ethiopia are examining the means to bolster bilateral trade and investments through establishing joint-ventures and win-win partnerships. This came at a meeting between head of the Moroccan exporters associations, Hassan Sentissi El Idrissi, and Ethiopian ambassador in Rabat Yeshi Tamirat. The two men discussed ways to develop economic relations, with emphasis on the […]

Africa Energy Headlines International

Zambia–Zimbabwe: Batoka Gorge Hydro Power Project Taking Shape

Zambia and Zimbabwe have shortlisted American, European and Chinese companies to build the Batoka Gorge hydro power plant. The consortium of General Electric and Power Construction Corporation of China, Salini Impregilo of Italy and a joint venture of Chinese firms Three Gorges Corporation, China International and Water Electric Corporation and China Gezhouba Group Company Ltd […]

Africa Energy Headlines International

Tullow to construct $1 billion oil pipeline in Kenya

Tullow Oil, a leading independent oil exploration and production company, aims to complete the construction of a $1 billion oil pipeline in Kenya by 2022. According to Tullow Oil Kenya Managing Director Martin Mbogo, the 821 km pipeline will transport around 80,000 barrels of oil per day from the Lokichar oilfields in Northern Kenya to […]

Africa Headlines International Morocco

African & European Officials Commend Relevance of Moroccan Blue Belt Initiative

Several African and European officials as well as international experts commended the Blue Belt initiative, launched by Morocco at COP 22 in Marrakech, which aimed at establishing a platform for action to promote fisheries in Africa. The relevance of this initiative was highlighted at a high-level conference held on Tuesday in Agadir under the theme […]

Africa Energy Headlines International

Climate Change: Zimbabwe needs $7 billion by 2030

Zimbabwe will need $7 billion by 2030 to cope with the effects of global warming, Washington Zhakata, the director of the water management and climate change at the Ministry of lands and Agriculture, told local media. Zhakata explained that these funds will initially be used to reorient the energy sector towards more environmentally friendly sources […]

Africa Energy Headlines International

Ghana: 12 MW Rooftop Solar PV to be constructed

Southern Utilities Limited, a member of LMI Holdings, Helius Power Company plans to build and operate a rooftop solar power plant in the Tema Free Zones Enclave in Ghana. The plant will be approximately 12 MW photovoltaic to be located on the 92,000sqm roof space of Mega Warehouse owned by the International Warehouse Company, a […]

Africa Energy Headlines International

Chinese firm to construct Ethiopia-Djibouti 767 km-long gas pipeline

China’s Poly-GCL Petroleum Group Holdings Limited will build a 767 km gas pipeline between Ethiopia’s eastern Ogadem Basin and an export terminal on the Red Sea, Ethiopian Ministry of Mines and Petroleum said. Ethiopian and Djiboutian government officials agreed that Poly-GCL would begin construction of the pipeline project this year, the ministry said. Last April, […]

Africa Energy Headlines International

Togo-Benin: Modernization of Nangbeto hydropower plant to cost $25 million

Renovation works on the hydropower plant of Nangbeto at the border of Togo and Benin will cost about $25 million, officials in charge of the management of the plant disclosed. The Beninese-Togolese joint venture, Communauté Electrique du Bénin (CEB), has appointed Voith to carry out the extensive rehabilitation and modernization works of the hydropower plant. […]