The International Monetary Fund recently stated that the oil reserves in Uganda may account for around four percent of the country’s economy annually in the next few years if managed well
Energy
ABB to acquire GE Industrial Solutions
ABB has announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business
TCN and WAPP to build 330KV power line in Nigeria

Nigeria is aiming to build an energy-sufficient nation to reduce the cost of import. (Image source: Nicole Kohler/Pixabay)
The transmission company of Nigeria (TCN) and the West African Power Pool (WAPP) have introduced plans to build a second 330 kV transmission line aiming to boost electricity supply to the Republic of Benin by 2021
Holley Nigeria signs MoU with PHED to supply meter

The meters are expected to add value to Nigeria’s goal to eliminate estimated billing and collection losses. (Image source: Gerd Altmann/Pixabay)
Holley Nigeria, a subsidiary of China’s Holley Metering Ltd, has signed a MoU with the Port Harcourt Electricity Distribution Company (PHED) to deploy prepaid meters to consumers
USTDA grants mini grid projects in Madagascar

This project further aims to support Power Africa by expanding energy access across sub-Saharan Africa. (Image source: Caribb/Flickr)
The US Trade and Development Agency (USTDA) has awarded a grant to Malagasy energy company Henri Fraise Fils & Cie for the development and implementation of mini grids in Madagascar