The African Development Bank (AfDB) has recently signed an agreement with the Rwandan government to give the country US$40mn for the expansion of its electricity network
Energy
China’s Powerway to invest in solar project in Zimbabwe
Powerway South Africa, a subsidiary of the Chinese Powerway Renewable Energy Company, plans to invest US$160mn to construct a 100MW solar power plant in Zimbabwe
DR Congo gears up for major hydro projects
The World Bank will invest an estimated US$550mn in hydro projects annually over 10 years in collaboration with the African Development Bank’s (AfDB) Programme for Infrastructure Development in Africa (PIDA)
South Sudan to get US$26 million grant for electricity distribution network
The African Development Bank Group (AfDB) has approved a grant of US$26mn to rehabilitate and expand electricity networks in South Sudan
US and China mull partnership for Inga 3 project in DR Congo
The US may partner with Chinese firms to finance the US$12bn Inga 3 dam project located in DR Congo, according to an NGO