African Business News

Endeavor Energy and Joule Africa partner to develop Bumbuna Phase II Power Project

Endeavor Energy, a privately owned independent power development and generation company, has announced that it has entered into a joint development agreement (JDA) with international power developer Joule Africa.
As part of the agreement the two companies will work together to develop and construct the US$700 million Bumbuna Phase II Power Project, a hydroelectric power (HEP) project in Sierra Leone projected to add an additional 202 megawatts to the existing 50 megawatts at Bumbuna Phase I.

Read more...

Solar Power–The Future Energy Resource For Africa

The “second liberation” of Africa would be the use of solar energy to generate electricity to power our homes and industries. Leaders and people of Africa ought to pull themselves out from poverty by utilising the vast amount of solar energy that hits the continent’s surface each year. The sun should be the future energy powerhouse if the continent is to attain a better and meaningful development that will benefit the people as well as the environment. The beauty of it all could be the electrification of our towns and villages with energy from the Sun and the replacement of tro-tro buses with solar driven electric trains.

Read more...

3 Nigerian Companies Win Off-Grid Energy Challenge

Three Nigerian companies have emerged winners in the GE/USADF Off Grid Energy Challenge. The winners are Trans Africa Gas and Electric PLC, GVE Projects Limitedand Afe Babalola University. They will receive 100 thousand dollars (about N16m) each for their innovative solutions to Off-Grid Energy in respective communities.  The winners were announced at a grand event held in Lagos.

Read more...

Kenya's energy revolution: full steam ahead for geothermal power

You can understand why the Masai gave Kenya's Hell's Gate national park its name, says Isaac Kirimi, drilling superintendent at the site's Olkaria geothermal plant. Here in the active east African rift, fractures in the ground seep sulphur, while rocks are too hot to touch. The Earth's crust is communicating with the magma chamber, Kirimi says.

The region is considered one of the most exciting geothermal prospects in the world. Where Kirimi and his team have drilled wells, water heated by molten lava roars like a jet engine as it bursts out of the ground.

Read more...

Latest African news, articles, business information and special reports from across the African continent.