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US $870m Financing Agreements Get Signed as Biggest Clean Power Energy Project in Africa
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| The Lake Turkana Wind Power Project meant to add an existing 300MW of reliable, low cost wind energy to the national grid of Kenya reached a critical milestone following the signing of the financial agreements in Nairobi, Kenya.
"The signing oRead More... |
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Senegal's Africa Energy to build 300 MW coal plant by 2017
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| Senegal has signed a contract with locally registered firm Africa Energy SA to build a coal-fired power plant with a capacity of at least 300 megawatts by 2017, according to a tender document and industry sources. The resource-poor country is biRead More... |
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U.S.$100 Million Set Aside for Independent Power
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| The African Renewable Energy Fund (AREF), has $100 million of committed capital to support small to medium scale independent power producers (IPPs).According to a statement sent to East African Business Week, the fund, which will be based in Nairobi,Read More... |
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Ghana to house Africa's largest utility scale solar power plant
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| Mere Power Nzema Limited (MPNL) is in the process of building Africa's largest utility scale solar photovoltaic plant in Ghana. Upon completion, the Nzema solar park installation will contain about 630,000 photovoltaic panels, making it the sixth larRead More... |
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South Africa hosts 2nd Africa Forex Expo
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| South Africa is to host the 2nd edition of Africa Forex Expo, Investment Opportunities & Career Conference in Johannesburg in May. Africa Forex Expo, which is said to be the largest financial Business to Business conference, aims to provide avenuRead More... |
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International retailers find right fit in South Africa
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| Zara, owned by the Spanish giant retailer, Inditex, is opening a new store in Cresta, Johannesburg. This move confirms ATKearney’s report last week on its 2014 Retail Development Index in Africa. While countries such as Ethiopia, Kenya and RwanRead More... |
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Kenya's first cheap airline has big plans
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| Standard Chartered has launched Islamic banking services in Kenya, the first foray of its "Saadiq" brand into Africa, and it will use Kenya as a testbed for expanding the brand across the continent, a bank executive told Reuters.The move comes after Read More... |
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StanChart opens Islamic banking in Kenya, eyes region
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| Standard Chartered has launched Islamic banking services in Kenya, the first foray of its "Saadiq" brand into Africa, and it will use Kenya as a testbed for expanding the brand across the continent, a bank executive told Reuters.The move comes after Read More... |
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Kenya Power in Sh2b new lines for large users
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| Kenya Power will over the next two years build alternative power lines dedicated to serve its large power customers at a cost of Sh2 billion. The firm said the new lines are expected to provide large consumers such as manufacturers and hospitals uninRead More... |
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Former Israeli pilot on mission to boost Kenya's e-commerce
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| “If you’ve watched the 1996 film Jerry Maguire, you’ll recall the phrase ‘Show me the Money’. The lead character, played by Tom Cruise, is not up for a small talk while trying to cut a deal; all he wants to be assured ofRead More... |
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MasterCard prepares for African growth
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| MasterCard was eyeing a slice of the expected exponential growth from the emerging African market in coming years, particularly as mobile payments surged, Aaron Oliver, the head of emerging payments in the Middle East and Africa for the multinationalRead More... |
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Boost for SA companies in Africa
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| FINANCE Minister Pravin Gordhan plans to further ease tax and foreign exchange frameworks for companies investing in the rest of the African continent, enabling these businesses to capitalise on the African growth story.Mr Gordhan said in his speech Read More... |
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Africa's thriving middle class offers opportunities to investors
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| AFRICA’s burgeoning middle class is providing a boost to demand for consumer goods, and is offering attractive investment opportunities for investors, says financial services firm KPMG.South African food and clothing retailers, among others, arRead More... |
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Geography 101 for business in new-look Africa
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| WHEN a TV advertising campaign promoting Indian cellphone company Bharti Airtel in Africa fell flat a few years ago, the marketers went back to the cutting room to work out why.Images of the savannah, actors from South Africa and the use of coins &mdRead More... |
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US solar firm eyes Kenyan market
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| US based solar energy solutions firm Magic Bridge Energy has announced plans to set up shops in Kenya and invest solar power systems in schools and hospitals.The company plans to introduce solar power solutions to 200 schools and hospitals in the nexRead More... |
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