- Why the UAE’s Annual Investment Meeting is vital for African nations
- Tough times ahead for African countries as global economic activity slows
- East African economies struggle with rising debt amid weak currencies
- Tesla’s gift to short sellers and why Africa is in the mix!
- The Future of Beauty and Cosmetics in Africa: A Market Analysis
- Focus on Africa: What happened at the World Economic Forum 2023
- Africa needs nuclear energy to accelerate growth
- The future of Kenya’s mining industry
Rwanda will receive two loans amounting to $180 million from…
In March 2022, while trying to clarify the power situation in Nigeria, TCN reiterated that out of 23 gas-powered stations with a combined capacity of more than 10,000 MW, at least 14 were either shut down or operated at reduced capacity. Two in three power stations have either halted operations or operating below par. It is projected that Nigerians privately generate up to 40,000 MW to address the grid deficit.
According to TCN spokeswoman Ndidi Mbah, the power companies attribute this trend to various factors, including scheduled and unscheduled maintenance, faults in generating units of generating companies, and poor gas supply. However, all these factors cause power generating companies to limit their generating capacities or halt generation altogether. However, the challenges appear to run deeper.
All Progressives Congress Party, after assuming office in 2015, alleged that many of the power companies had been sold by the former People’s Democratic Party government to political cronies that lacked the resources or capacity to run the business.
The hydropower project is worth an estimated US$1.3 billion that will see Ethiopia import 400…
However, all efforts have been directed in that sector to try and make it greener and cleaner. Among consumers, a major shift is now being witnessed with most of the industries investing in clean energy sources that are both affordable and sustainable.
Such initiatives have made Kenya be rated among the top countries that are implementing their nationally determined contributions that seek to cut greenhouse gas emissions in the country by 32 per cent by 2030.
The latest industry to have made noted efforts to transit to clean Energy is Bamburi Cement Factory situated in Bamburi Mombasa.
The South African solar photovoltaic (PV) market is increasing exponentially.
Solar Power Market outlook expects the solar market to register a CAGR of over 10 per cent from 2021 – 2026, reaching an installed capacity of more than 3.6 GW by 2026, up from 1.48 GW in 2019.
Solar power production in South Africa comes when the country is aligning to reduce carbon emissions through a transition from coal to other clean energy sources. This step is not an easy fit.
Data by the World Bank Group reveals that Kenya’s electrification rate currently stands at 70…
Extracts from Lake Kivu are sustainable as it would take centuries to exhaust the gas…
Kenya Insights reported that the ship (MT Jag Prarena) docked at the Port of Mombasa on December 30 and was offloaded for nearly three days. Four other vessels that had gone through the legal importation process we kept at bay, incurring approximately Ksh100 million (US$88 million) in demurrage charges.
OMAK said that Gulf had imported the petrol contrary to the petroleum act 2019, with the importation and offloading of the cargo being done outside the Open Tender System (OTS).
The act prohibits private imports of refined petroleum products using state-owned common user facilities.