African Business News

AfDB Approves U.S.$138 Million for Rusizi III Hydropower Project

The African Development Bank (AfDB) Group has approved $138 million in loans and grants to finance the Rusizi III Hydropower Plant Project.

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Kenya: Kengen to Spend Sh166 Billion On Power Plants

Kenya Electricity Generating Company (KenGen) will spend Sh166 billion to put up wind and geothermal power plants in the next two years.

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Egypt to Sign Final Contract On Dabaa Nuclear Plant in January

Egypt and Russia are going to sign a final contract on the Dabaa nuclear plant next month, after Russia made the best of three offers, Egypt's electricity minister told reporters Monday.

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Tanzania: Govt to Generate 200MW From Geothermal

Dar es Salaam — The government, through its geothermal development company, plans to generate 200MW from the newly discovered underground source of energy by 2020.

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