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    Nigeria extends deadline to swap old currency notes by 10 days

    Nigeria extends deadline to swap old currency notes by 10 days

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Ethiopia and the World Bank sign financing agreements worth $745 million

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    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

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    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

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    Africa startups defy funding slump as debt financing fuels growth

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    Port of Maputo achieves new handling record, sees soaring chrome throughput

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    Court told Anglo turned blind eye to Zambian lead poisoning

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    Ethiopian Airlines set to fly to Atlanta

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    Nigeria artists conquer the NFT marketplace in Africa

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    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

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    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

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    There was a 25% increase in finance app installs across Africa between 2021 and 2022

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    Yellow Card expands payment feature across Africa

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    Government starts payment of $674,5M matured securities

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    South African rand steady with investor focus on Fed minutes

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    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

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    Angola banks entry into local Bourse gives credibility to economy

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    Nigeria extends deadline to swap old currency notes by 10 days

    Nigeria extends deadline to swap old currency notes by 10 days

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Ethiopia and the World Bank sign financing agreements worth $745 million

    Trending Tags

  • Business
    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    World’s Richest Rankings: Aliko Dangote maintain his position as Africa’s richest man

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Global tech billionaires eye Zambia’s electric vehicle battery mines

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa will have 57 million pay TV subscribers by 2028, report

    Africa startups defy funding slump as debt financing fuels growth

    Africa startups defy funding slump as debt financing fuels growth

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Port of Maputo achieves new handling record, sees soaring chrome throughput

    Court told Anglo turned blind eye to Zambian lead poisoning

    Court told Anglo turned blind eye to Zambian lead poisoning

    Ethiopian Airlines set to fly to Atlanta

    Ethiopian Airlines set to fly to Atlanta

    Angola: Poor Management of the Petroleum Sector with Effects on Declining Production

    Angola Sonangol plans to list on Angolan stock exchange by 2027

    Nigeria artists conquer the NFT marketplace in Africa

    Nigeria artists conquer the NFT marketplace in Africa

  • Finance
    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    There was a 25% increase in finance app installs across Africa between 2021 and 2022

    Yellow Card expands payment feature across Africa

    Yellow Card expands payment feature across Africa

    Government starts payment of $674,5 trillion matured securities

    Government starts payment of $674,5M matured securities

    South African rand steady with investor focus on Fed minutes

    South African rand steady with investor focus on Fed minutes

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    South Africa recently declared bitcoin and other cryptocurrencies to be financial products

    Angola banks entry into local Bourse gives credibility to economy

    Angola banks entry into local Bourse gives credibility to economy

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Abu Dhabi to invest $2bn in solar with first 500MWp project

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23/01/2023
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Abu Dhabi to invest $2bn in solar with first 500MWp project
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An agreement was recently signed between UAE independent power producer (IPP) Masdar and Zambia Electricity Supply Corporation (ZESCO). The partnership aims to co-develop solar projects with an overall investment of $2 billion over the next few years.

The harvest is good for Hakainde Hichilema. The President of the Republic of Zambia has returned to Lusaka after a stay in Abu Dhabi, the capital of the United Arab Emirates where he participated in the Abu Dhabi Sustainability Week. On the sidelines of the event, which ended on Thursday 19 January 2023, the state-owned Zambia Electricity Supply Corporation (ZESCO) signed a partnership with Masdar (Abu Dhabi Future Energy Company).

Related posts

Nigeria extends deadline to swap old currency notes by 10 days

Nigeria extends deadline to swap old currency notes by 10 days

30/01/2023
1
Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

Shocking IMF report reveals Angola and Ethiopia to surpass Kenya as top economies in Sub-Saharan Africa

28/01/2023
1

The agreement, signed in the presence of President Hakainde Hichilema, is for the investment of $2 billion to generate at least 2 000 MWp of solar power. Initially, the two companies have agreed to start with a 500 MWp solar power plant. This is a real boost for the energy sector in Zambia, which is only just beginning to tap into its renewable energy potential.

Zambia has opened up the clean energy market to foreign investors, including independent power producers (IPPs). The $2 billion investment in solar photovoltaics will allow Zambia to diversify its energy mix. The East African country has an installed capacity of 3,030 MW, of which 2,393 MW is generated by hydroelectric plants. The largest of these is the 1,319 MW Kariba plant, which Zambia shares with Zimbabwe. ZESCO obtains some of the electricity it distributes to people and businesses from thermal (gas and coal) and solar power plants.

With the increasing droughts in Eastern and Southern Africa, Zambia is faced with lower dam levels and therefore lower electricity production in the dry season. To cope with this situation, ZESCO wants to further diversify its sources of production by focusing on solar energy. Zambia already has an installed solar capacity of 91 MW according to Power Africa. Among the solar power plants commissioned in recent years is the 54 MWp Bangweulu plant. The park was built by a consortium of French IPP Neoen and Zambian investor Industrial Development Corporation (IDC).

Source: Afrik21
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