DAR ES SALAAM (Reuters) – Tanzania will begin construction of a $120 million wind power project early next year to curb chronic energy shortages in east Africa’s second-biggest economy, a senior government official said on Tuesday.

Prolonged drought at hydropower stations and rising fuel prices have resulted in acute energy shortfalls, forcing the state-run power utility to introduce rolling blackouts.

Share

read more

Chika Amanze-Nwachuku

Lagos — No fewer than 18 consortia have expressed interests in some oil fields offered for sale by Shell Petroleum Development and Production Company (SPDC) and its partners.

Oil giant Shell last year offered four of its oilfields in the Niger Delta said to have valued at between $150 million to $2 billion for sale. 

Share

read more

By Hereward Holland

TAKORADI, Ghana (Reuters) – Ghana joined the ranks of Africa’s oil exporters on Wednesday, pledging to work to ensure lucrative new revenues further bolster one of the continent’s rising star economies.

President John Atta Mills, wearing safety gear and blue overalls, opened the valves in a televised ceremony at the 330-metre-long floating platform some 40 miles (60 km) off the West African country’s Atlantic coast.

Share

read more

Sylvain Béletre and Russell Southwood

The ICT sector is one of the fastest growing on the African continent. Fueled by heavy investments, telecommunication infrastructures have improved drastically. Over the past five years, Africans have embraced ICT innovations fast especially in the mobile telecommunications and in the IT segments.

The next wave that is about to hit the continent will include new infrastructures such as broadband fibre optic cables and data centres, telecoms added value services and IT innovations. Here is a review of 2010 and key trends to prepare for 2011. 

Share

read more

Rawlings Otini

The growing volume of e-waste in the region is creating new opportunities for local entrepreneurs and multinationals, who hope to tap into the $14 billion global market.

As the government ups pressure on technology firms and other large-scale importers to manage their electronic waste more efficiently, industrialists are hoping the environmental threat can translate to increased job opportunities and income generating activities.

Share

read more
UA-23835279-1