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Investment Round Table

Foreign Investment Network's investment round table would hold at The Forbes Center on  Thursday 27th September, 2018 at 10am prompt. The investment round table would be followed by Forbes Private reception tagged "Best of Africa" which is scheduled to hold the same...

Morocco to build world’s largest seawater desalination plant

Morocco will soon be home to the world’s largest renewable energy-run desalination plant for drinking water and irrigation, following the signing of phase one of the €309 million ($352.9 million) project. The project will be developed by Abengoa, an international...

Electricity from Ethiopia’s clean energy

Ethiopia has commissioned a pilot electricity product project at the US$1.8mn Gilgel Gibe III hydro plant Located on River Omo in south of the country, the Gibe III plant has 10 turbines each with  a  capacity  of  187MW.  According to Alemayehu Tegenu, Ethiopia’s...

Equipping to expand in Suez

Supplied by Egyptian dealer Otrac Heavy Equipment, Doosan and Bobcat equipment has played an important role in the intensive construction works that have been undertaken for  the recently  completed  extension  of  the Suez Canal, heralded as an historic achievement...

Indian investors target Ghana’s factories and dam projects

Indian investors are keen on investing in government’s proposed establishment of  a factory in each of the 216 districts in the country and the construction of irrigation dams in every village in the three northern regions. The Indian High Commissioner to Ghana,...

Billions approved by African Development Bank for renewable energy projects in Africa

African Development Bank has approved over R4.4 billion to support Morocco and Côte d’Ivoire's renewable energy projects. These projects are expected to boost power supply and contribute towards the economic growth of their countries. In a statement by AfDB, more than...

China powers Africa to limit energy deficit

The narrowing of Africa's power deficit has been contributed to by China. The deficit is a perennial problem that still leaves two thirds of the population in sub-Saharan Africa without access to reliable electricity supply. Chinese firms have successfully built or...

Nigeria transmits 5,222 MW electricity, highest ever – TCN

A new record of 5,222.3 Megawatts (MW) of electricity generation into the national grid has been recorded on December 18. This was disclosed by the Transmission Company of Nigeria, TCN, on Sunday. In a statement by the General Manager, Public Affairs, Transmission...

Israel joins USAID’s Power Africa energy development program

Israel has officially joined a US-led initiative to link millions of Africans to electricity, with the “growing partnership” between the Jewish state and its neighboring continent described as good by Prime Minister Benjamin Netanyahu. The ceremony was attended by US...

Continent’s energy production: African Development Bank approves $20m support

The Board of Directors of the African Development Bank, as part of its wider commission under the New Deal on Energy for Africa, on December 15, 2017, approved an investment of US $20 million in the Evolution II Fund − a Pan-African clean and sustainable energy...

Algeria’s Shale Gas Plans

Algeria, a North African country, needs to exploit its shale gas resources to balance a rise in local energy consumption that is affecting vital exports, but time and far-reaching reforms at the state energy firm will be required to develop the industry. The North...

Exploration for oil and gas offshore Mauritania, Exxon nears deal

Mauritania’s oil, energy and mines director, Moustapha Bechir, has stated that Exxon Mobil is near to signing a deal to explore for oil and gas offshore Mauritania, its first foray into the West African country. Declining to comment on the deal, an Exxon Mobil...

Hungary took interest in Nigerian Crude Oil, LNG

The government of Hungary has stated interest in the purchase of crude oil and Liquefied Natural Gas (LNG) from Nigeria. This came up at a time when international crude oil market is getting more competitive. As disclosed by the Hungarian Ambassador to Nigeria,...

France to ban all oil and gas production from 2040

After France’s Parliament approved part of President Emmanuel Macron’s plans to cut the use of fossil fuels, France is set to ban all drilling for oil and natural gas by 2040 where the production or looking for oil and gas in the country and its overseas territories...

Senyo Hosi declared Winner of African CEO Impact Award

Senyo Hosi, Chief Executive Officer (CEO) of the Ghana Chamber of Bulk Oil Distributors (CBOD), has been declared as the African CEO Impact Award winner (West Africa) for his enormous role in the oil and gas sector. He won the award on Sunday, December 17, 2017, at...