African Business News

Major Clean Energy Projects Move Forward in Kenya, Sierra Leone

Two major renewable energy projects in Kenya and Sierra Leone took big steps forward this week in a boost to the sector in sub-Saharan Africa.

Standard Bank Group said it had signed a deal with independent power producer Aeolus Kenya (AKL) to build a $150 million wind power plant

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Saving Power With Solar Geysers

A WELL designed and installed solar geyser system will save you 25-30 percent off your electricity bill and will give you peace of mind to know you will nearly always have hot water at the home, school, hospital or workplace. In Africa, we have an abundance of good quality sunshine

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Standard Bank Group finances $150m Kenyan wind farm

The independent power producer – also a member of the Power Africa initiative led by Barack Obama – aims to add 60MW to Kenya’s 1,672MW national power grid. In comparison, the UK had over 15.5GW of generation capacity in 2012.

Aeolus’ 60MW Kinangop wind park will be financed

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In Huge Step, Nigeria Takes Power Private

The Nigerian government handed over management of electricity generation and transmission to new owners on Friday, the latest step in the transformation of the country's power sector from a state-run monopoly to private ownership. The success and recent pace of the privatization process is seen

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