Tags » Africas

East Africa's First Utility-Scale Solar Field Boosts Rwanda's Development

East Africa’s First Utility-Scale Solar Field Boosts Rwanda’s Development

Rwanda’s Minister of Infrastructure, James Musoni, and the Chief of Staff of the U.S. Government’s Overseas Private Investment Corporation (OPIC), John Morton, will lead the ribbon-cutting on Thursday, February 5, at 12:30pm of the 8.5 Megawatt solar field at the Agahozo-Shalom Youth Village, and will be joined by international representatives of the partners that developed the landmark $23.7 million project. 469 more words

Africa's Richest Man, Aliko Dangote Loses Over $7billion to Naira Devaluation

“The devaluation of the Naira has struck a huge blow to the fortune of Africa’s richest man, Aliko Dangote.

Dangote is said to have lost a whopping $7.8 billion out of his $21.6 billion fortune as a result of the devaluation, nearly 10%, and also due to falling stock prices. 92 more words

Africa's Largest Wind Farm Moves Forward

Vestas received an order from Lake Turkana Wind Power Ltd. for 365 of its 0.85-megawatt turbines, it said in a website statement. That’s the most machines the Copenhagen-based company has sold to a single plant. 280 more words

Alternative Energy

Sambo tells Islamic Bank; Explore Nigeria’s Opportunities as Africa’s biggest Economy

Vice President of Nigeria

“Nigeria’s Vice President, Namadi Sambo, has called on the Islamic Development Bank to utilise the position of Nigeria as the biggest economy in Africa to finance development projects in the country. 362 more words