Private sector commitments to President Barack Obamas push to increase electricity in Africa now top $20bn
Power Generation
New gas-to-power plant opens up in Mozambique
A natural gas-powered electricity generation plant Central Térmica de Ressano Garcia (CTRG) has been inaugurated in Mozambique’s Moamba district at Maputo district to tackle load shedding in the region
DR Congo seeks contractor for US$12bn hydroelectric project
DR Congo is looking to choose a contractor by July for its controversial US$12bn hydroelectric project aimed at producing up to 4,800MW of power by diverting about one-sixth of the Congo River
Standard Bank Group to increase investments in ‘Power Africa’ initiative
Standard Bank Group will accelerate its investments in the ‘Power Africa’ initiative over the next five years
General Electric to invest US$2 billion in Africa
An estimated US$2bn worth of investments from multinational conglomerate General Electric (GE) will be distributed across Africa in a bid to help the continent achieve sustainable growth