The Africa Finance Corporation (AFC) has signed a pact with Ghanas Volta River Authority (VRA) to provide it with a US$50mn loan tranche in a syndicated US$150mn three-year loan
Power Generation
Sino-Zimbabwe joint-venture project launched in Matabeleland North
A joint Sino-Zimbabwe coal exploration project, named China-Africa Sunlight Exploration, has broke ground in Zimbabwes western province of Matabeleland North
CNACG to invest US$3.5bn in Zimbabwean power plant
Chinese firm, Guangdong Bureau of Coal Geology, plans to invest at least US$3.5bn in building a 1,200MW thermal power plant in Zimbabwe
Zimbabwe to receive funds from India for power station refurbishment
The Indian government will partly finance the refurbishment of three thermal power stations in Zimbabwe which will cost the Zimbabwe Power Company (ZPC) US$300mn
First privately-owned Nigerian power plant to begin operations from March
Nigerias first privately-owned power plant, which will be owned and operated by Geometric Power Ltd, will start operations in March 2013