Given the energy poverty challenges plaguing the region currently, attaining this objective will require massive investment in new energy infrastructure to ensure access to reliable electricity.
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The alleged illegal sale reportedly led to a loss of $2.4 billion in revenue to the country.
“Ideally, AfCFTA should be fantastic for us as a country. For cable industry, we are seen as one of the industries in Nigeria that is already set up fantastically well. If you ask anyone, they will tell you that made-in-Nigeria cables are fantastic. But then, it will make sense that we are able to transcend beyond Nigeria. It will make sense that our members (Cable Manufacturers Association of Nigeria) are able to go into Ghana; are able to go into Ivory Coast; they are able to go into Senegal,” Adubi said.
Companies track LTI’s to provide their safety departments and management objective information about their internal safety programs
The successful closure of the 3-year Kimchi loan facility is a positive indication of Korea’s and more broadly Asia’s growing interest in infrastructure investment opportunities in Africa.
The current restricted outage situation in parts of Abuja, is caused by a truck loaded with gravel that lost control and crashed into TCN’s 132kV transmission tower No 20, supplying bulk electricity to the 100MVA part of the Katampe Substation and 2x60MVA GIS Central Area Substation.”
The landmark 500MW wind and 500MW solar projects, represent US$1.1 billion of investment into the Egyptian economy and takes the Company’s clean energy portfolio to 2GW in the country.
We need to invest in research and the development for renewable energies on the continent. African Governments need to set own strategic framework that promote renewable energies. This should have a clear mechanism and regulations that support Renewable energy operators and reinforce their follow-up. Because some governments would establish strict regulations, and even track their implementations. However, on the other side to approve the tariff they are skeptical and want the tariff to be as low as possible which does not reflect the quality and compliance regulations for project execution. We need to promote homemade solutions; I mean African solutions.
Organisations across Africa are looking to development banks, governments, NGOs and private sector investors to secure financing at scale to support their energy transition objectives.
