African Business News

Nigeria: CFAO Launches All New Mitsubishi L200 Pickup

CFAO Motors Nigeria Limited, leading distributor of Mitsubishi brand in Nigeria, has launched the all-new Mitsubishi L200 one-ton pickup truck into Nigeria market. The unveiling of the all new L200 pickup took place at theAbuja Sheraton Hotel, last Tuesday.

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Nikon chooses Nairobi for debut showroom

Nikon, a Japanese manufacturer of high-end cameras, has opened a multimillion-shilling showroom in Kenya, marking the latest local venture by investors from the Asian giant.

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Kenya is building Africa’s biggest wind energy farm to generate a fifth of its power

Kenya set in motion the construction of Africa’s biggest wind power farm this week, near Laisamis, 550km north of Kenya’s capital Nairobi.

Known as the Lake Turkana Wind Power Project, the wind farm site covers 40,000 acres (162km2), which will be powered by the ‘Turkana Corridorwind.’ It is a low-level jet stream originating from the Indian Ocean and blows all year round.

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African Renewable Energy Gains Attention

The potential for renewable energy development in Africa is experiencing an increase in attention lately as investors and world leaders seek a new clean energy frontier.

The continent could become a gold mine for renewable energy due to abundant solar and wind resources. But roadblocks to clean energy worldwide are amplified throughout the troubled regions of Africa - financial resources are thin and infrastructure is often unreliable.

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