African Business News

Construction of wind power projects in Egypt receives AfDB support

The construction of wind power projects in Egypt has received a major boost after African Development Bank (AfDB) agreed to extend a loan of US$50 towards the projects. The project will be constructed by Egyptian-Emirati company.

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World’s largest concentrated solar power plant in Morocco to be constructed

The construction of what is expected to be the world’s biggest concentrated solar power plant in Morocco is ongoing. According to the World Bank, when complete the concentrated solar power plant in Morocco will supply electricity to 1.1 million Moroccans by 2018.

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AfDB boosts infrastructure construction projects in Tunisia

The African Development Bank (AfDB), has boosted infrastructure construction projects in Tunisia following the approval of US$210mn to fund the projects in the country.

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US$ 10.8m agreement signed for renewable energy projects in Kenya

Chase Bank and the French Development Agency have signed a US$ 10.8m loan to finance renewable energy projects in Kenya.

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