African Business News

Ethiopia: Electric Power Signs Groundbreaking Agreement to Buy Geothermal Energy

The agreement with Corbetti is the first of its kind letting a private company in the sector

Ethiopian Electric Power (EEP) is buying up to 500MW of electric power generated from the Corbetti geothermal source near Hawassa from Corbetti Geothermal Plc.

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East Africa: Nairobi Termed 'Hub of Impact Investment' As Region Attracts U.S.$9 Billion

East Africa is fast becoming a hotspot for impact investing that promotes not just profits but also sound environmental and social principles.

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South Africa's Liberty to spend up to $80 mln on two Nigeria deals

JOHANNESBURG - Liberty Holdings plans to invest up to $80 million on two deals in Nigeria by year-end, as part of a five-year strategy by South Africa's No.4 insurer to expand further into sub-Saharan Africa, its chief financial officer said.

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Kenya to Get Investment Worth $55.6bn for Infrastructure Development

An estimated $55.6 billion in investment into infrastructure development for Kenya is planned (as of 2015), the majority of which will focus on telecommunications and power generation infrastructure, a new study reveals.

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