York Timbers has plans to set up an electrical biomass power plant in Mpumalanga, South Africa for US$106mn
Energy
Sierra Cables to open cable manufacturing unit in Kenya
Sri Lanka’s Sierra Cables has decided to open a cable manufacturing company in Kenya to promote power generation projects in East Africa
AfDB approves US$121mn loan and grant to improve Uganda’s electricity access
The African Development Bank (AfDB) has approved a US$121mn loan and grant to assist the government in improving electricity access for businesses and in rural households
Zimbabwe licenses US$250mn worth solar power projects
Five solar power projects, valued at a total of US$250mn, have been licensed by the Zimbabwe Energy Regulatory Authority (ZERA)
REC and O Capital to drive solar energy projects in MENA
Egyptian solar energy solutions provider REC and Orascom Telecom Media and Technology Holding subsidiary O Capital have announced a new venture to provide turnkey solar solutions in Egypt, Middle East and Africa