Africa’s Standard Bank and the Industrial and Commercial Bank of China (ICBC) have signed a US$2bn agreement to fund renewable energy projects in South Africa
Energy
Rwanda to invest in drilling geothermal wells
Rwanda has allocated US$27mn for drilling three geothermal wells on the southern slopes of the Karisimbi volcano
World Bank help for Tanzania power sector
The World Bank has approved the support for reducing cost of power supply and promotion private sector participation in both power and gas sectors. (Image source: TheAlieness GiselaGiardino/Flickr)
The World Bank has sanctioned US$121.5mn for Tanzania to help the east African country facilitate its power sector reforms and strengthen its capacity for optimal use of its gas reserves
AfDB offers Malawi US$3 million for power project feasibility studies
The African Development Fund is contributing to facilitating investment in electricity generation needed to support Malawis economic growth. (Image source: Oran Viriyincy/Flickr)
The African Development Bank (AfDB) Group has approved a grant amounting to US$3.04mn to finance feasibility studies on the Kholombidzo Hydroelectric Power Plant (HPP) in Malawi
Kenya constructing US$179 million transmission line
Private power generation companies in solar and biogas sub sectors are set to sell power to the national grid. (Image source: World Bank Photo Collection)
A 462km high voltage power line between Nairobi and Mombasa has been scheduled for completion in June this year
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President William Ruto of Kenya and president Benedict Oramah of Afreximbank in Mombasa, Kenya. (Image source: Afreximbank)
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