Ethiopian Energy^Power Business Portal,eepBp

The power grids of East and Southern African countries will be interconnected in the next two to three years after completion of various high voltage lines, paving the way for regional trade, a senior Kenyan energy official said on Tuesday. Power shortages and outages are common across both regions and businesses often complain that poor or erratic supplies discourage investors and push up prices of local products, as many firms end up relying on costly diesel generators.

Connecting national grids would provide a bigger pool of energy resources and mean one country can tap idle supplies in another. Joseph Njoroge, the principal secretary in the energy ministry, said high voltage lines linking Ethiopia, Tanzania and Uganda to Kenya were expected to be ready in at most the next three years. “In the next two to three years, we will have interconnections with several neighbouring countries in the region,” he told an East African power conference. “Thereafter, we will be able to come up with a configuration that enhances demand in terms of the region.”

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The power grids of East and Southern African countries will be interconnected in the next two to three years after completion of various high voltage lines, paving the way for regional trade, a senior Kenyan energy official said on Tuesday. Power shortages and outages are common across both regions and businesses often complain that poor or erratic supplies discourage investors and push up prices of local products, as many firms end up relying on costly diesel generators.

Connecting national grids would provide a bigger pool of energy resources and mean one country can tap idle supplies in another. Joseph Njoroge, the principal secretary in the energy ministry, said high voltage lines linking Ethiopia, Tanzania and Uganda to Kenya were expected to be ready in at most the next three years. “In the next two to three years, we will have interconnections with several neighbouring countries in the region,” he told an East African power conference. “Thereafter, we will be able to come up with a configuration that enhances demand in terms of the region.”

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s2smodern

The African Energy Chamber concluded meetings in Beijing to discuss the need to invest in gas exploration and to work on African initiatives like LNG2Africa, which are "a win-win for both Africa and China".

Throughout its meetings, the Chamber secured over $1.4 billion in intentions to invest in Africa’s bankable projects in mining, oil and gas, power, and renewables. The Chamber's one-week working visit in Beijing included meetings with senior officials from the Chinese government, heads of state-owned energy companies, and executives and entrepreneurs from the private sector.

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French President Emmanuel Macron and G7 leaders on Sunday approved a package totalling $251 million in support of the African Development Bank’s AFAWA initiative to support women entrepreneurs in Africa. “I am particularly proud, as the current G7 president, that the programme we are supporting today, the AFAWA initiative, comes from an African organisation, the African Development Bank, which works with African guarantee funds and a network of African banks,” Macron stated at a press conference at the G7 Summit in Biarritz, France. 

The risk-sharing mechanism used by AFAWA (Affirmative Finance Action for Women in Africa ) is a practical approach to international commitments. It is a direct response to the demand by women to ease access to financing, specifically on the need to establish a financing mechanism for women’s economic empowerment, adopted during a summit of African heads of state in 2015 and assigned to the African Development Bank for implementation.

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