African Business News

Kenya: President Strikes Multi-Billion Investment Deals With U.S. Firms

Kenya has secured commitments amounting to billions of shillings from American companies to increase power production and finance infrastructure projects.

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Zimbabwe: U.S.$10 Billion Needed for Power Plants

About 13 Independent Power Producers (IPPs) that were licensed, some of them five years ago, to construct power plants worth about $10 billion, are failing to raise the required capital, Zimbabwe Energy Regulatory Authority (ZERA) chief executive Engineer Gloria Magombo disclosed yesterday.

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UK government backs African 'solar energy revolution'

The UK government has vowed to play a leading role in delivering a "solar revolution" across Africa, arguing the technology has the potential to transform energy access across the continent.

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Sri Lanka's Sierra Cables to build plant in Kenya

Sri Lanka based Sierra Cables plans to set up a manufacturing plant in Kenya targeting East Africa’s power generation projects.

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