The deal is aimed at reducing the possibility of Nigeria defaulting on loans. (Image source: sxc.hu)
Nigerian state oil firm NNPC has been granted a loan of US$1.5bn by a syndicate of Nigerian and international banks to allow the company pay off its debts to international fuel traders
The agreement was signed by the Zambian minister of finance, Alexander Chikwanda, and AfBD resident representative to Zambia Freddie Kwesiga. (Image source: African Development Bank)
The African Development Bank (AfBD) has signed a loan agreement worth US$55mn with the Zambian government to support the Itezhi-Tezhi Hydro Power and Transmission Line Project
The project is expected to create 4,000 jobs in the Gwayi area of Lupane. (Image source: andremill.j/Flickr)
A joint Sino-Zimbabwe coal exploration project, named China-Africa Sunlight Exploration, has broke ground in Zimbabwes western province of Matabeleland North
VRA is the principal source of power in Ghana, primarily generating electricity from hydro and thermal sources. (Image source: PSNH/Flickr)
The Africa Finance Corporation (AFC) has signed a pact with Ghanas Volta River Authority (VRA) to provide it with a US$50mn loan tranche in a syndicated US$150mn three-year loan
The Singida wind farm will produce power through wind turbines to help diversify Tanzania’s electricity away from hydropower. (Image source: vaxomatic/Flickr)
The International Finance Corporation (IFC) has partnered with African energy firm Aldwych and telecommunications service provider Six Telecoms to develop a 100MW wind farm in Singida, Tanzania