African Development Bank President Akinwumi Adesina has spoken confidently about Africa’s enormous potential, and the bank’s ambitious development agenda, which he said was well underway. He said this, in an impassioned speech, delivered at the Center for Global Development in Washington, DC, on Wednesday, April 19. The High 5s …
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Shanghai, China | AFP | State-owned Chinese energy giant PetroChina on Thursday announced it slumped to a record-low profit for 2016 as global oil price weakness slashed earnings by 78 percent. Net profit fell to 7.86 billion yuan ($1.1 billion), the Beijing-based company said in a statement to the Hong Kong …
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Historic ground breaking ceremony completed for Rusumo dam to serve Burundi, Rwanda and Tanzania Tanzania, Rwanda and Burundi have launched the construction activities of the regional Rusumo Falls Hydroelectric Project in Ngara, Tanzania. The project, first conceived two decades back, will when completed deliver a shared hydropower plant with installed capacity …
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New York, United States | AFP | President Donald Trump pledged Tuesday to revive America’s coal industry by rolling back regulation, but energy experts expressed doubt his moves would significantly boost prospects for the controversial energy source. Trump, flanked by coal miners and Environmental Protection Agency chief Scott Pruitt, a …
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Accra, Ghana | AFP | Ghana’s new government is looking to fix a crippling power crisis with a complete overhaul of its deficit-ridden energy sector including a boost for solar energy. Intermittent power supply issues have dogged the west African nation since the 1980s and became particularly acute in the …
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Paris, France | AFP | For the 11th year running, cities worldwide will turn their lights off Saturday to mark Earth Hour in a global call to action on climate change. But the moment of darkness should also serve as a reminder, activists say, of another problem that gets far …
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The Board of Directors of Uganda Electricity Generation Company Limited (UEGCL) has warned about none conformity to agreed repair methods for previously observed cracks at the Isimba Hydro Power Project. The board made the observation Friday when they visited the Isimba Hydro Power Project site to assess the progress of the …
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Banjul, Gambia | AFP | Cliched rappers spend money on bling and cars, but Senegalese-American artist Akon is looking skywards to splash his cash, investing in solar power projects across Africa. The rapper added The Gambia and Cape Verde to his Akon Lighting Africa initiative this weekend, a fund …
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Uganda Electricity Generation Company Limited (UEGCL) has struck a partnership with a Norwegian company W. Giertsen that will boost cooperation in the area of developing renewable energy projects. Officials of W.Giertsen Energy Solutions were in Kampala recently to conclude a Memorandum of Understating (MOU), whose main objective is to outline how UEGCL will cooperate with the …
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London, United Kingdom | AFP | Russia’s Rosneft oil giant has paved the way for investment in Libya’s oil sector by signing a Cooperation Framework Agreement with the National Oil Corporation of Libya, it was announced Tuesday. The agreement was signed Monday on the sidelines of London’s International Petroleum Week …
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