African Business News

Ethiopia Agrees on First Deal for Privately Produced Electricity

Ethiopia’s government signed a deal to buy electricity from a geothermal-power plant being developed by companies including Reykjavik Geothermal Ltd. of Iceland, a partner in the project said.

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GE Books $2.5 Billion African Orders From Oil to Locomotives

General Electric Co. booked $2.5 billion of orders from sub-Saharan Africa in the past 11 months, including oil and gas equipment for Eni SpA in Ghana and locomotives for Angola.

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SkyPower Signs US $2.2 Billion Agreement to Develop and Build 1 GW of Solar Energy Projects in Kenya

NAIROBI, Kenya, July 27, 2015 /CNW/ – SkyPower, the world’s largest developer and owner of utility-scale solar photovoltaic (PV) energy projects, signed a landmark agreement with the Kenyan Ministry of Energy and Petroleum for the development of 1 GW of world-class solar projects to be built in four phases in Kenya over the next five years.

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Obama calls for more intra-Africa trade

Barack Obama has called for an increase in intra-African trade alongside a renewed economic engagement with the United States, arguing that countries on the continent can do much more to build links with neighbouring states.

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