African Business News

Liberia commissions a 10MW Heavy Fuel Oil power plant

Liberia’s President Ellen Johnson Sirleaf has commissioned a 10MW Heavy Fuel Oil power plant, which has now lit the Snow Hill community in Gardnerville.

The US$27m power plant is located at the Liberia Electricity Corporation (LEC) to Bushrod Island outside Monrovia. However, Japanese government has been the major sponsor of the project through the Japan International Cooperation Agency (JICA).


Ghana’s Early Power Deal boosts energy mix

Ghana’s energy mix is expected to increase by 400MW of power following Early Power Deal that was passed by parliament in August 2016. The project is expected to come on stream in the next six month.

The country is currently experiencing an excruciating power crisis that has crippled businesses. But, the passage of the Early Power deal comes as a relief to citizens who are yearning for an improvement in their power supply.


World Bank to support housing in Kenyan counties

The World Bank is committed to supporting county governments in Kenya to work with the private sector to offer affordable housing in Kenyan Counties.

Speaking at a Nairobi hotel recently, Oumar Seydi , the World Bank regional director in charge of East and Southern Africa said tackling problem in housing in Kenyan counties, particularly for people who earn low income, will not only require capital from donors such as the World Bank, but most importantly partnerships between public and the private sectors.


South African firm completes construction of cooking oil plant in Zimbabwe

Construction of a cooking oil plant in Zimbabwe has recently been completed by a South African company, Willowton with production projected to begin in November this year.

The news was confirmed by an anonymous official who said that they are now testing the machines and should be able to commence the refining of crude edible oil in the coming months.


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