Tag Archives: energy

The African Insurance Agency will support solar PV, hydro, wind, geothermal, biomass and cogeneration technologies Kampala, Uganda | ISAAC KHISA | The multilateral insurer, African Trade Insurance Agency (ATI), will provide up to US$10million as financial protection to new small and medium-sized renewable energy projects in Uganda to facilitate their smooth …

Off-grid power to meet connectivity targets Kampala, Uganda | DIAS NYESIGA | The World Bank is happy to be a strategic partner of the Government of Rwanda in the energy sector, according to Yasser El-Gammal, World Bank country manager for Rwanda. He was speaking about the 2018/19 fiscal year budget that was …

London, United Kingdom | AFP | Democratic Republic of Congo’s government is seeking to reclassify swathes of two UNESCO-listed parks so that oil exploration can be carried out there, an investigative group said. The London-based NGO Global Witness said it had seen documents about a scheme to “redraw the boundaries” …

Washington, United States | AFP | Crude oil prices are expected to jump 23 percent this year amid strong economic growth, while metals prices are rising, hit by ongoing trade tensions, the World Bank said Tuesday. The World Bank raised its forecast for oil prices to an average of $65 a …

New Delhi, India | AFP | French President Emmanuel Macron on Sunday pledged hundreds of millions of dollars for solar projects in developing countries, as world leaders met in India to promote greater investment in renewable energy. Macron, who in December warned that the global shift to a green energy future …

Algiers, Algeria | AFP | Turkish President Recep Tayyip Erdogan welcomed the signing of trade deals with Algeria on Tuesday as he visited the country on the first leg of a tour of Africa. Erdogan said the agreements would allow Ankara and Algiers to diversify trade pending the signing of “an …

London, United Kingdom | AFP | Britain’s top energy supplier Centrica said Thursday it would cut 4,000 jobs by 2020 after announcing a 17-percent drop in profits in 2017 due to a loss of customers and poor performance in North America. “We expected the new programme to involve reduction in …

Jerusalem, Undefined | AFP | Israel has struck an “historic” contract to supply natural gas to Egypt, Prime Minister Benjamin Netanyahu announced Monday, in a deal one firm said was worth $15 billion over 10 years. “This will bring billions of dollars to state coffers,” Netanyahu said in a statement …

Johannesburg, South Africa | AFP | The name of Eskom, Africa’s largest electricity company, has become synonymous with the worst corruption scandals in South Africa and the utility could well become the final nail in the political coffin of President Jacob Zuma. The sacking of yet another of its short-lived …

Paris, France | AFP | The United States are set to overtake Saudi Arabia as the world’s number two oil producer after Russia this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said on Friday. “This year promises to be a record-setting one …