Actis eyes Africa power projects after $1 billion of investments

Africa, which has a population of 1.3 billion people, has an electricity-access rate of just over 40%, the lowest in the world, according to the African Development Bank. South Africa, the continent’s most-industrialized economy, has battled power shortages since 2008 after the government failed to invest in new plants in time to replace aging equipment and infrastructure.

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President Buhari speaks on new prices for petrol, electricity

President Buhari noted that increase in price of electricity and deregulation of the petroleum sector were crucial decisions that were taken at the beginning of the year, preceding the COVID-19 pandemic, and continuous delay in implementation of the policy of the “Willing Buyer, Willing Seller” and deregulation of the petroleum would be detrimental to the economy, placing the burden of regular light cuts and fuel queues on Nigerians.

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