Africaâ€™s Power & Energy Exhibition & Conference is announced as market continues to attract investment
Africa has experienced massive internal growth in major areas within the last 20 years which have contributed greatly to investorsâ€™ assets and one area in particular is in particularly high demand and continuously predicting huge returns â€“ the energy market.
It has already had an impact in creating greater well-being to the people of Africa whilst boosting profits for shareholders involved. Due to this massive interest in the African power sector which includes the UNâ€™s 2014 â€˜Sustainable Energy for Allâ€™ programme and highlights Africa as one of the main areas of focus, EXPOGROUP is organizing The 5th Power & Energy Exhibition & Conference 2016 from the 10th to the 12th of June, 2016 at Kenya's prime international venue;The Dome in Nairobi and the 2nd edition from the 07th to the 09th of July 2016 at Tanzaniaâ€™s international venue; the Mlimani Conference Centre in Dar-es-Salaam.
A US$ 100m roofing tile factory in Tanzania is set to be constructed by Chinese investors, this is according toÂ Prime MinisterÂ Kassim Majaliwa.
Chinese Ambassador to Tanzania, Dr. Lu Youqing confirmed the reports and said that the roofing tile factory in Tanzania will mainly manufacture roofing tiles. He further said that Goodwill Ceramic Limited will begin constructing the factory in December this year.
African Development Bank (AfDB) has released US$104m to help boost Ethiopian power sector.
Ethiopia intends to escalate its electrification rate to 90% in order to, meet the growing power demand in the country by 2020. The country is in the process of constructing what would be the biggest hydroelectric dam in Africa-the Ethiopian Renaissance Dam.
Radisson Blu Hotel and Convention Center is now opened in Kigali, Rwanda; this is according toÂ Radisson BluÂ which is an international chain of full service hotels and resorts brand for Radisson Hotels.
The Tanzanian government through theÂ Ministry for Works, Transport and Communications is set to construct a US$ 8.6m tarmac road in this financial year.
The tarmac level of road Â measurin 110km,will go through Njombe-Ndulamo-Makete as explained by Deputy Minister for Works, Transport and Communications, Eng. Edwin Ngonyani.
According to the new report from Timetricâ€™s Construction Intelligence Center (CIC), the total value of the power generation construction projects pipeline in the Middle East and Africa stands at US$876.6 billion, with Saudi Arabia and South Africa accounting for the largest shares, with project pipelines valued at US$275.5 billion and US$167.4 billion, respectively.
The Shiroro Hydro electric Power Station in Niger has repaired four of its turbine generators restoring theÂ hydro power plantÂ to full capacity to generate 600MW of power.
According Executive Vice Chairman of the power station Dr Olubunmi Peters, Shiroro Hydro electric Power Station has spent US$8.5m to repair the four faulted turbines.