Tag: energy sector
Rwanda Parliament approved an International Development Association (IDA) credit worth €91,4 million to finance Rwanda’s energy sector supplemental development policy financing. In the country, government's statistics indicate that electricity access rose to 54 per cent countrywide (39 per cent on-grid, 15 per cent off-grid). CNBC Africa’s Fiona Muthoni spoke with Ron Weiss, CEO of Rwanda Energy Group for more.
Recent weeks have seen oil prices drop to their lowest in history. But could this present an opportunity for other energy sources? And what kind of impact has it had on the sector in the region? CNBC Africa spoke to the CEO of East African Power Dan Klinck for more.
South Africa’s Eskom has offered some managers voluntary severance packages, capping costs at 400 million rand ($26.8 million), a communique sent to staff by the struggling power utility showed.
Following the recent issues that are facing South Africa’s energy sector, CNBC Africa is joined by Seydou Kane, Managing Director for Eaton Africa to discuss a way forward for the possibility of self-generation in South Africa and what the liberalisation of South Africa’s energy sector may mean for company like Eaton.
Tanzania is looking for investors to explore areas with high potential for natural gas discoveries. This is in line with the country’s efforts to harness energy sector and reach industrialization targets. Meanwhile, Tanzania Revenue Authority (TRA) collected record taxes of over $770mn in September, the highest since the country’s independence. To discuss this, Bankable Partner, Ivan Tarimo joins CNBC Africa for more.
Ministers from Africa’s largest oil and gas producers will gather in Cape Town to lay out the continent’s future energy roadmap
In the wake of Total’s first significant deep-water oil find in South Africa earlier this year, and the recent purchase of offshore exploration blocks by Shell, politicians are preparing for further oil and gas investment, which could be instrumental in improving the country’s shaky economic outlook.
Ghana’s Finance Minister Ken Ofori-Atta has declared a state of emergency in the country’s energy sector, stressing that the sector is facing serious challenges. Ofori-Atta noted that at the heart of the challenges is the take-or-pay contract signed by the National Democratic Congress (NDC). Paa Kwasi Anamua Sakyi, Executive Director of Institute for Energy Security joins CNBC Africa for more.
Zimbabwe has a severe energy crisis because its major sources of electricity are struggling to keep up with demand.