Africa Oil sees interest from foreign investors in East African oil exploration
Investment into Africa’s burgeoning oil and gas sector is expected to rise in coming years as big oil companies and foreign investors from the US, Europe and Far East finance existing and new projects in the continent.
According to Keith Hill, CEO of Canadian oil and gas
Major Clean Energy Projects Move Forward in Kenya, Sierra Leone
Two major renewable energy projects in Kenya and Sierra Leone took big steps forward this week in a boost to the sector in sub-Saharan Africa.
Standard Bank Group said it had signed a deal with independent power producer Aeolus Kenya (AKL) to build a $150 million wind power plant
CfC Stanbic and China's ICBC to fund 83 MW Kenya power project
The heavy fuel oil plant will be built by private power company Triumph Kenya. ICBC will provide $80 million of the debt financing while CfC Stanbic said in a statement it will provide the rest.
Kenya plans to add 5,000 MW of power supply capacity to the existing 1,664 MW generated by
Standard Bank Group finances $150m Kenyan wind farm
The independent power producer – also a member of the Power Africa initiative led by Barack Obama – aims to add 60MW to Kenya’s 1,672MW national power grid. In comparison, the UK had over 15.5GW of generation capacity in 2012.
Aeolus’ 60MW Kinangop wind park will be financed
