African Business News

World Bank Assists Electricity Sector

Washington — The Board of Executive Directors of the World Bank today approved an International Development Association (IDA*) grant in the amount of US$18.3 million to assist the electricity sector in Guinea (Conakry).

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FDI Into Africa Accelerates As Investor Perceptions Begin to Shift

Growing optimism and confidence among international and local investors has led to significant inward investment into the continent over the last decade, according to professional services firm, Ernst & Young's second African Attractiveness Survey.

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Kano to Build Power Plant

Kano — Kano State government is to build its own independent power plant in order to reduce electricity shortage in the state.

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Gas Discovered in Manicaland

MOZAMBICAN authorities have stumbled on the existence of natural gas and coal deposits in Manicaland Province. Manicaland already boasts huge deposits of alluvial diamonds in Marange.

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