The United Bank for Africa (UBA) has invested US$700mn this year for financing power assets in Nigeria
Power Generation
Nigeria signs agreement with Chinese firm for coal power project
The Nigerian federal government has signed a Memorandum of Understanding (MoU) with Chinese energy firm HTG-Pacific Energy for a US$3.7bn coal-to-power project
IFC to facilitate power generation in Nigeria
The International Finance Corporation (IFC) has announced plans to support investments that will add 1,500MW of power to the Nigerian national grid
Mozambique plans US$250 million gas-fired power plant
Mozambique has announced plans to build a gas-fired power station capable of generating 150MW of energy at a cost of US$250mn by May 2014 to help meet domestic demands for energy
Kenya explores alternative uses of geothermal power
While the focus on geothermal power in East Africa has mainly been on electricity generation, experts in Kenya now say that its potential goes beyond this into agriculture, health, tourism and hotel industries