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The new credit lines are for the development of on and off-grid renewable energy projects. The European Commission is offering the fund a €40 million helping hand. The African Development Bank launched a financing facility for small scale…
Close to a dozen emerging solar PV markets are to reap hundreds of millions of development money, under a scheme managed by Dutch and South African organisations.  The Climate Investor One programme has closed US$850 million financing for…
The World Bank Group has approved $420 million in grants to strengthen Mozambique’s energy transmission system. The grants will be issued through private sector investments to modernise the country’s energy transmission capacity for domestic and…
JUMEME Rural Power Supply Ltd. (JUMEME), together with the European Union Delegation in Tanzania and its project partners, celebrated the launch of its newly constructed solar-powered mini-grid on Lake Victoria, Mulumo island in the region of Kagera…
LAST WEEK at the biennial U.S.-Africa Business Summit organized by the Corporate Council on Africa in Maputo, a number of African Heads of State as well as other senior government leaders rubbed shoulders with an impressive line-up of Trump…
The United States government’s development finance institution- Overseas Private Investment Corporation (OPIC), led by its acting president and CEO Mr. David Bohigian, has approved US $87m worth of funds in favor of development, construction, and…
ELECTRICITY tariff has been increased by 11.17 per cent, effective Monday, July 1, this year, the Public Utilities Regulatory Commission (PURC) which approved the hike has announced. The 2019-2020 major tariff review decision followed "prudent"…
Construction of the longest transmission line in East and Central Africa nears completion. The line links Kenya to its northern Ethiopia for regional electricity trade. The 1,045km line interconnect at the Moyale common border. It has the capacity…
The Public Utilities Regulatory Commission (PURC) has signaled a major policy shift that should see a reduction in the cost of electricity for industrial consumers of power. According to a statement issued the utility regulator, the maximum demand…