Fibre Network Project
Huawei implementing a fibre network project in Malawi. Photo: businessdailyafrica.com

Huawei Implementing Massive $23M Fibre Network Project To Connect Malawi

By Peter Pedroncelli, 8:00 am

Malawi is undertaking a massive fibre network project to connect more internet users in the country, thanks to a partnership between Huawei Technologies and the state-owned Electricity Supply Corporation of Malawi (Escom). The national fibre backbone project will see a dedicated investment of $23 million, with fibre implemented across 28 districts within the country, improving internet access and speeds while integrating government operating systems.

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  • Cape Verde To Launch Solar Energy System Project

    Solar Energy System By Staff, 9:30 am

    Cape Verde has received a grant from the World Bank, to finance the distributed solar energy system project.
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  • Fundraising Opportunities In Africa: Nigeria, South Africa And Oil Still Raise Questions

    Oil and gas remains an investment opportunity in Africa. Photo - HowWeMadeItInAfrica By Kurt Davis Jr., 11:08 am AFKI Original

    As the second half of 2017 comes into focus, entrepreneurs and private equity managers alike want the narrative in investor circles to change regarding sub-Saharan Africa and fundraising opportunities. Investor sentiments remain that sub-Saharan Africa is still rebounding from the economic challenges of 2015 and 2016, but the focus for entrepreneurs and private equity managers should be on the oil importers and emerging Francophone Africa.

  • London Stock Exchange To Attract Investment For Kenya’s Energy Industry

    Kenyan government signs memorandum of understanding with London Stock Exchange. Photo - LSE By Peter Pedroncelli, 5:44 am

    The London Stock Exchange has committed to raising capital for Kenya’s energy industry, with the first ever memorandum of understanding signed between the London bourse and the East African government. The agreement was signed by Charles Keter, Kenyan cabinet secretary for energy and petroleum, and Nikhil Rathi, chief executive officer, London Stock Exchange plc. The memorandum sets out the commitment from both sides regarding the raising of funds to benefit the country’s energy industry, through public market equity and debt listings.

  • Ivory Coast Bolstering Strained Power Grid With New Solar Power Plant

    Solar power plant - South African retailers ranked for renewable energy By Peter Pedroncelli, 8:36 am

    Ivory Coast is planning to build a new solar power plant in the north of the country in order to ease pressure on its already overtaxed power grid. The 25 MegaWatt solar power station will provide further electricity supply to the strained grid in the West African nation, which typically relies on gas and oil-fired thermal plants to produce energy. At a cost of $40 million, the power station will be built by Korhogo Solaire, a subsidiary of Morocco’s Nova Power, and it is expected to be complete by 2018.

  • 12 Tech And Telecoms Companies That Inspire Africa

    Inspire Africa By Peter Pedroncelli, 8:25 am AFKI Original

    Tech companies continue to inspire Africa and Africans through their unique service offering to the continent and the way in which they enhance people’s lives. From renewable energy to telecoms and other tech firms, African consumers are benefiting from a growing tech sector throughout Africa, and certain companies are making waves as inspirational businesses contributing to better lives for the people they serve. Here are 12 tech and telecoms companies that continue to inspire Africa.

  • Will Kenya’s Konza Techno City Ever Get Off The Ground?

    Konza Techno City By Tom Jackson, 8:35 am AFKI Original

    Fresh from tech achievements M-Pesa, iHub and Ushahidi, Kenya in 2013 launched a $14.5B project to build Konza Techno City, a large tech hub planned outside Nairobi. Four years later, funding for Kenyan tech startups is in freefall. There have been few recent notable tech success stories and Konza City seems further away than ever. Investors have been wary to put up money until they have assurances from the government on reliable low-cost energy, water, plans to limit traffic and prevent slums from being built near Konza.

  • Nigeria To Invest In Expanded Electricity Generation With $5.2B World Bank Loan

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    Nigeria is looking to invest in plans to expand electricity generation and capacity with a proposed $5.2 billion loan from the World Bank, thereby boosting economic recovery following the country’s first contraction in a quarter of a century. Nigeria’s power, works, and housing minister Babatunde Fashola has identified the loan amount as a requirement in order to address the issues that the country has in terms of distribution of power, transmission-capacity and poor access to electricity in rural areas. These issues have a knock-on effect for the economy, and addressing these would allow for improved electricity capacity for Nigerian private and public enterprise

  • 12 Sub-Saharan African Countries With The Poorest Access To Electricity

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    Many of the countries with the poorest access to electricity are in Africa, with around 625 million people in sub-Saharan Africa devoid of any access to electricity whatsoever. Due to issues such as insufficient capacity, poor reliability, and high costs, only around 32 percent of the population within sub-Saharan Africa have access to electricity. We take a look at 12 Sub-Saharan African countries with the poorest access to electricity.

  • 6 Women Tech Entrepreneurs Featuring At The World Economic Forum On Africa

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    The annual World Economic Forum on Africa will see a selection of impressive women tech entrepreneurs taking center stage in Durban, South Africa, with the aim of showcasing the wealth of entrepreneurial talent available on the continent. The 2017 meeting runs from Wednesday, May 3 to Friday, May 5, and will be conducted with the wider theme of “Achieving inclusive growth through responsive and responsible leadership” in mind. Women continue to be an important driver of African economies, with one-third of all businesses across Africa owned by women.

  • DR Congo To Increase Copper Production By Importing Power From South Africa

    Importing power from South Africa will boost DR Congo's copper production. By Peter Pedroncelli, 5:29 am

    The Democratic Republic of Congo hopes to import 200 megawatts of power from South Africa, which would enable Africa’s largest copper-producing nation to boost copper production in 2017 by as much as 20 percent. South African state-owned utility Eskom has made 1000 megawatts available for export over the next decade. Trust issues between mining companies and the Congolese state-owned power company threaten to derail the deal. Previous promises to deliver energy supply have failed.

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