Updates

East Africa’s Largest Solar Plant Starts Operations

December 12, 2016/Access Power Honorable D’Ujanga Simon, Minister of State for Energy, together with representatives of Access Power (www.Access-Power.com), EREN RE (www.EREN-Groupe.com) and donors celebrated today the inauguration of the solar power plant in Soroti. Made up of 32,680 photovoltaic panels, the new 10 megawatt facility is the country’s first […]

IMF advises Zambia to delay re-financing $2.8 billion of Eurobonds

December 12, 2016/Reuters Zambia should delay its planned re-financing of $2.8 billion worth of Eurobonds until financing conditions ease, an International Monetary Fund representative said on Monday. “We would caution the government not to tap into the international markets at this time,” the IMF’s resident representative, Alfredo Baldini, told reporters […]

Oil surges after output cuts, strong dollar weighs

December 12, 2016/Reuters By Saikat Chatterjee | HONG KONG Oil prices jumped to their highest levels in a year and a half on Monday after OPEC and non-OPEC producers agreed to cut oil output to ease a global glut, while the U.S. dollar extended gains before a Federal Reserve meeting […]