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 are in the process of building many hydro-power plants across the continent in 2017. […]

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Crude Oil Pipeline: Uganda to Raise Shs300b

“Market sounds to gauge financing appetite” is said to be carried out for the proposed East African Crude Oil Pipeline (EACOP) by Japan’s Sumitomo Mitsui Banking Corporation Europe Ltd (SMBCE), Standard (Stanbic) Bank, and Industrial and Commercial¬† Bank of China Limited (ICBC), the three financial advisors for France’s Total E&P, Uganda-Tanzania, and China’s CNOOC. The […]

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