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Energy

Video guest: Josephine Mwangi

September 2018
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EDITO
Tuesday, 18 September 2018

In his bullish drive for investment, Governor Ben Ayade of Cross River State, Monday, signed a partnership agreement with his counterpart in Shaanxi Province in China, Hu Heping, to bolster the injection of capital for business in the state. The agreement will allow Chinese businessmen pump the much desired capital into the Calabar Carnival, Power, and Solid Minerals sectors of the state. Ayade said after the signing of the agreement that "It is the enormous opportunities that this fund avails Africa that Cross River State wants to tap into. We have the assurances of the Governor and the people of Shaanxi that the favourable business climate in Cross River State will be utilised by Shaanxi." The China-Africa Development Fund, CAD Fund, in May 2016, signed a cooperation agreement with the Shaanxi Government in the capital Xi'an, the first of its kind with a provincial-level partner that aims to boost more investment in the African market.

Thursday, 08 June 2017

The Group of Seven (G7) leaders has in its 'Taormina Communiqué' underscored that "Africa’s security, stability and sustainable development are high priorities". But it has yet to respond to UN Secretary-General António Guterres' specific call for the need to invest in young people, with stronger investment in technology and relevant education and capacity building in Africa. The two-day G7 summit in Italy, in which the leaders of six other industrial nations – Britain, Canada, France, Germany, Japan and the U.S. also took part, concluded on May 27 in Taormina, a hilltop town on the east coast of Sicily, Italy.

Monday, 29 May 2017

The European Union, through the Energy for Growth and Sustainable Development programme, has given Tanzania €180 million ($200 million) to develop its energy sector. The bloc, working with the German Development Bank (KfW) and the French Agency for Development (AFD), is funding a €42 million ($47 million) electrification project in northwestern Tanzania, covering the Kagera, Geita and Kigoma Regions. The head of the EU delegation in Tanzania, Roeland Van de Geer, said that reliable energy is key to poverty reduction and pledged more support to make energy available across Tanzania.

Wednesday, 24 May 2017

The Governments of New Zealand and Samoa, the Asian Development Bank and the European Union are combining to further develop hydro-electric power in Samoa. A ceremony today turned the first sod for the construction of the Fuluasou hydropower plant which has a preliminary capacity of 0.68 megawatts

In East Africa, the Kenyan government has approved 6.7 billion ($65 million) towards the country's last mile connectivity project. The loan signed with European Investment Bank (EIB) concerns a multiple scheme electrification project, targeting universal access to electricity for the Kenyan population by 2020, the Standard reported.

Thursday, 30 March 2017

Between 26 March and 11 April 2017, UNESCO’s Assistant Director-General for Natural Sciences, Flavia Schlegel, is visiting Samoa, the Cook Islands, New Zealand and Fiji. High on her agenda will be a ministerial meeting on 29 and 30 March in Apia, Samoa, with representatives of 13 developing Pacific island nations

Wednesday, 29 March 2017

On 4 March 2017 in Conakry, Guinea, Commissioner for International Cooperation and Development, Neven Mimica, announced the preparation of 19 new renewable energy projects, with a total potential investment of €4.8 billion. This was done during the second Board of Directors meeting of the Africa Renewable Energy Initiative.

Tuesday, 28 March 2017

The French Development Agency (AFD) has provided South Africa’s power utility Eskom with a ZAR 6 billion ($477.7 million) credit facility. Eskom, which has delayed the development of several large-scale PV projects over the past years due to grid issues, will use the funds to improve its network and integrate more renewable energy power. The French Development Agency (AFD) has agreed to provide South African power utility Eskom with a multi-tranche 6 billion ZAR ($477.7 million) credit facility. The facility is intended to support Eskom’s plans to improve and expand its power grids. The funds will be used to strengthen transmission lines and substations linked to large-scale renewable energy power plants, AFD said.

AFD Group secures €24 million for African Renewable Energy projects, designed to boost private sector investment in on-grid and off-grid renewable energy production in Africa. In order to meet Africa’s constantly increasing energy requirements, support must be provided for mass development of the renewable energy technologies – especially solar energy – that will play such a key role over the coming years, given the recent drop in prices and the emergence of new innovative business models. The EU’s electrification funding initiative, “ElectriFI”, helps to harness and stimulate private sector investment to enhance access to renewable energy. More specifically, it focuses on poorly-served rural populations and regions that suffer from an unreliable electricity service.

Wednesday, 22 March 2017

Last week the EU’s Africa Renewable Energy Initiative announced 14 new renewable energy projects across the continent, representing 1.7GW, with a total potential investment of almost €4 billion (US$4.2 billion). “With these 14 new projects, potentially worth up to €4 billion of investments, the European Union is delivering on its promises,” said commissioner for International Cooperation and Development Neven Mimica at the announcement in Conakry, Guinea. “We are turning our pledges into real projects with true impact on the ground. The EU hereby reaffirms its leading role in supporting the African continent in the promotion of renewable energies for the improvement of energy access for African citizens.”