The Rwandan government has said it will invest US$4.7bn in the countrys energy sector over the next five years to help it meet its ambitious target of producing 1,000MW of electricity by 2017
The five new blocks will increase Kenya’s exploration areas to 51 from the current 46. (Image source: mrpbps/Flickr)
Kenya will put up five crude oil and gas exploration areas up for auction in the next two weeks
The project aims to provide a reliable and secure source of low-cost fertilizer and create around a thousand construction jobs and projects around the area. (Image source: vichie81)
A Nigerian nitrogen fertiliser plant is set to receive a US$250mn loan from OPIC to boost agriculture, infrastructure, energy and financial services in the country
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
