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Africa

News concerning Africa.

Powering up Africa...Ethiopia Dam Building Program And Other Projects

Published on: Wed, 2013-10-16 00:00

Electrical power is a key ingredient for sustainable economic development not only for large industrial concerns but also for rural economic activity in the form of small cottage industries and agricultural development. For too long energy in Africa has remained a scarce commodity with nearly 70 percent of its people lacking access to electricity and condemning many to live below the poverty line. Just to show how far behind Africa is, Sub-Saharan Africa, excluding South Africa, generates only 28 gigawatts of power, roughly equal to the generation capacity of Argentina.

New Hydro Power Station In Uganda Ready To Start

Published on: Wed, 2013-10-16 00:00

Uganda President Yoweri Museveni has graced the ground-breaking ceremony for the construction of Isimba hydro-power station in Busaana sub-county, Kayunga district.

Rwanda Experiencing Construction Revolution

Published on: Wed, 2013-10-16 00:00

Once you arrive in Kigali the first things you will notice is the construction taking place almost everywhere, a conclusion that Rwanda is currently facing construction boom.

Infrastructure Boom Propels African Economy

Published on: Wed, 2013-10-16 00:00

The Loan Market Association (LMA) says that seven out of the 10 fastest growing economies in the world over the next decade will be African, and Ethiopia, Mozambique and Tanzania are expected to lead the continent with an average growth rate of 7% a year.

Ethiopia’s Growth Is Impressive, Says African Development Bank

Published on: Wed, 2013-10-16 00:00

Ethiopia’s strong, decade-long economic growth made it possible for the country to be on track to achieve the Millennium Development Goals says the African Development Bank (AfDB).

Ethiopia To Build Biggest Geothermal Plant In Africa

Published on: Wed, 2013-10-16 00:00

Ethiopia and a US- Icelandic private developer Reykjavik Geothermal (RG) late last month signed a landmark agreement in Addis Ababa to construct Africa's largest geothermal plant in the Horn of Africa country.

Ethiopia, Egypt And Sudan To Discuss Renaissance Dam This Month

Published on: Wed, 2013-10-16 00:00

የኢፌዴሪ የውሃና ኢነርጂ ሚኒስቴር እንደገለፀው ፥ በያዝነው ጥቅምት ወር ውስጥ ኢትዮጵያ ፣ ግብፅና ሱዳን በከፍተኛ ባለስልጣናት ደረጃ በህዳሴው ግድብ ዙሪያ ይወያያሉ ።

African Infrastructure Boom To Boost Syndicated-Loan Growth

Published on: Sat, 2013-10-12 00:00

Sub-Saharan Africa’s infrastructure boom will probably draw increased interest from investment banks and commercial lenders, underpinning growth in syndicated loans, the Loan Market Association (LMA) has said.

Egypt Welcomes PM Hailemariam’s Statements On GERD

Published on: Fri, 2013-10-11 00:00

Egypt’s Supreme Committee for Water has welcomed recent statements by Ethiopia’s Prime Minister Hailemariam that Ethiopia would always take Egypt's water needs into consideration.

East Africa: Livelihood Concerns As Kenya Kicks Off Regional Infrastructure Project

Published on: Wed, 2013-10-09 00:00

A huge transport infrastructure project due to link Kenya's coast, Juba in South Sudan, and Ethiopia by 2030 is raising questions about the potential impact on the livelihoods of pastoralists, and protection and compensation for those adversely affected.

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