UBA has always shown keenness in investing in the power sector across the African continent. (Image source: Bruce Guenter/Flickr)

The United Bank for Africa (UBA) has invested US$700mn this year for financing power assets in Nigeria

Coal from Nigeria’s Ezima mine will be used to generate power at the 1,200MW plant in the Enugu state. (Image source: Nitin Kirloskar/Flickr)

The Nigerian federal government has signed a Memorandum of Understanding (MoU) with Chinese energy firm HTG-Pacific Energy for a US$3.7bn coal-to-power project

IFC has already signed a mandate to mobilise funds for a power generation company and will aim to provide similar support for other power plants. (Image source: Strupey/Flickr)

The International Finance Corporation (IFC) has announced plans to support investments that will add 1,500MW of power to the Nigerian national grid

Mozambique has announced plans to build a gas-fired power station capable of generating 150MW of energy at a cost of US$250mn by May 2014 to help meet domestic demands for energy

While the focus on geothermal power in East Africa has mainly been on electricity generation, experts in Kenya now say that its potential goes beyond this into agriculture, health, tourism and hotel industries