Trending
- Hello world
- Hello world
- IFC Offers ACEP Burkina $2Mn Facility to Support Farmers and SMEs in Burkina Faso
- Kenya: Prime malls, supermarkets thrive in second half of 2022
- Will 2023 be a Win for Africa’s Democracy?
- Rising Flood Waters Spell Doom for Communities in Zambia
- Technology trends that will revolutionize Africa in 2023
- Kenya’s Equity Bank completes acquisition of Spire Bank
Democratic Republic of Congo
As Africa’s role in the global economy continues to garner prominence, it’s imperative for the continent to seal the gaping hole in its power supply.
Lack of universal power access remains a major roadblock that has retrogressed industrialization and socio-economic development. Statistics from the World Bank indicate that Africa remains the least electrified region in the world, with 568 million people lacking access to electricity.
The Bretton Woods institution, further notes that the Sub-Saharan Africa’s share of the global population without electricity, jumped to 77 per cent in 2020 from 71 per cent in 2018, whilst most regions saw declines in their share of access deficits. It has become a Hobson’s choice for African governments to prioritize the power sector, which is the epicenter of industrialization, working towards Goal 7 of the UN SDGs; which advocates for universal access to affordable, reliable and modern electricity services.
Currently, Africa’s power is …
- The United Arab Emirates (UAE) has announced interest in investing in the Democratic Republic of Congo (DRC)’s solar energy sector
- The MoU was signed between DRC’s state electricity company Société Nationale d’Électricité (SNEL) and AMEA Power
- World Bank data indicates that DRC has a population of 84 million people, but only 19 to 20 per cent of the population have access to electricity
The United Arabs Emirates (UAE) has announced interest in investing in the Democratic Republic of Congo (DRC)’s solar energy sector.
The countries, through two companies, entered into a Memorandum of Understanding (MoU) to pave way for the production of 30 megawatts in DRC.
The MoU was signed between DRC’s state electricity company Société Nationale d’Électricité (SNEL) and AMEA Power.
SNEL Director-General Jean-Bosco Kayombo Kayan said the deal would see millions of people get connected to the national power grid.
According to the DG, UAE plans on exploring …
The trade mission, which brings together Kenyan and DRC investors and entrepreneurs, will be held in four of DRC’s biggest cities that is, Kinshasa, Lubumbashi, Goma, and Mbuji Mayi.
SMEs will have an opportunity to explore opportunities in DRC through business forums and panel discussions moderated by experts in various fields, site visits to various businesses and locations of interest, networking sessions, and trade exhibitions that will allow businesses to showcase their products and services.
Speaking during the official opening ceremony, Bazaiba expressed delight in seeing two sovereign States from the East and Central Africa region championing the growth and integration of Africa through trade and investment.…
Uganda and the Democratic Republic of Congo (DRC) plan to jointly construct 1,200 kilometres of roads.
Uganda’s President Yoweri Museveni and DRC President Felix Tshisekedi signed the agreement at the first Joint Business Forum held at the Speke Resort Munyonyo in Kampala. The aim of the forum was to promote bilateral trade, investment and connectivity between the two countries.
The project is set to ease the movement of goods and people, bilateral trade and investment between the two countries.
The project includes 24 kilometres Bunagana-Goma road up to Rutshuru in DRC, a 180 kilometres road from Goli in northern Uganda to Beni and 977 kilometres road from Mpondwe border post in western Uganda to Beni in DRC.
Also Read: DRC tops informal trade scale with Rwanda
Official trade data cited by Uganda’s Foreign Affairs Minister Sam Kutesa during the forum launch showed that DR Congo is one of the key …
Australian Nanotech, a subsidiary of Canadian road technology company NTI Nanotech Corp., has announced that it has signed a $1.6 billion contract to construct 3,200 kilometres of roads in D.R. Congo using their proprietary green nanotechnology.
The emerging technology has been deployed around the world in several countries for the past ten years and has proven to be cost-effective, environmentally beneficial and better quality than typical alternatives.
The Province Mai-Ndombe will be one of the first regions of Sub-Saharan Africa to use this disruptive technology.
“We are very excited to proceed with AusNanotech. Not only have they brought to us a product that is environmentally superior, they exceed required standards and for a better price,” said Mr. Paul Mputu Boleilanga, the Province’s Governor, adding “Additionally the company has shown a tenacity to our country and a dedication to conducting business that benefits the citizens of my Province and the …
Kenya Commercial Bank (KCB ) plans to venture into Ethiopia and the Democratic Republic of Congo (DRC) as it seeks to grow its regional footprint.
The bank is looking at additional markets for expansion while it awaits a licence to operate in Ethiopia, where it already has a representative office that was opened in 2015.
“We are talking about two markets in trying to scale up our businesses so the market we are looking at is Congo and Ethiopia because they are very much aligned to our business,” said Joshua Oigara chief executive.
“For us, there is a chance to really grow our business to reach the psychological height of Sh1 trillion of balance sheet size which is a strong size,” he added
Mr Oigara did not provide a timeline for when the bank will enter DRC. The bank also operates in Uganda, Tanzania, Rwanda, Burundi and South Sudan.
The …
UK’s Department for International Development (DFID) run and managed CDC, the mission is to support the building of businesses throughout Africa and South Asia, to create jobs, and to make a lasting difference to people’s lives in some of the world’s poorest places.
The public limited company has been working with various entities in the continent to develop structures for harnessing renewable energy in East Africa. This has been necessitated by the rising energy needs in the region as well as need for cleaner green energy worldwide.
In 2017, CDC invested in a joint venture alongside the Aga Khan Fund for Economic Development (AKFED) and Industrial Promotion Services (IPS) to develop and finance power projects in sub-Saharan Africa, mobilizing project funding of over US$ 1billion.
The platform’s flagship development project is the creation of the 147 MW Ruzizi III hydropower project to be located in the Great Lakes region (Rwanda, …
Bottlenecks to the completing of the planned Trans African Highway include difficult terrain and climate conditions, inadequate funding for Road maintenance and upgrades as well as insecurity due to civil conflicts that have damaged roads that now require reconstruction.
There is a new-found political will and High-level commitments by the Democratic Republic of Congo (DRC) and Uganda to develop and upgrade the Northern Corridor Road Sections of their country of the Trans-African Highway (TAH) Network No 8 from Lagos, Nigeria to Mombasa that is expected to open the whole of Africa to interstate trade.
Uganda and DR Congo are already working to fix the gaps of the northern corridor in Mbarara-Bushenyi-Kikorongo-Mpondwe-Kasindi-Beni-Komanda-Kisangani which measures 940Km.
Bottlenecks to the completing of the planned TAH include difficult terrain and climate conditions, inadequate funding for Road maintenance and upgrades as well as insecurity due to civil conflicts that have damaged roads that now require …
