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Africa goes green with energy transformation

Chinese investments in renewable energy in Africa are bringing hope to a continent where power shortages are common, with the green-themed projects also winning kudos for helping to tackle climate change. From the Sakai photovoltaic power station in the Central African Republic and the Garissa solar plant in Kenya to the Aysha wind farm in

Zimbabwe doubles royalties on platinum miners

Zimbabwe has tabled new regulations for local companies, which include a doubling of mineral royalties for platinum miners. The royalty rate for platinum miners – among them units of Anglo Platinum and Impala Platinum – has been raised from 2.5% to 5%. Mineral royalties must now be paid “in both local and foreign currency in

UK’s renewable energy developer TuNur plans to set up $1.5bn solar plant in Tunisia

UK’s renewable energy developer TuNur plans to invest $1.5 billion in building an export-oriented solar power plant in Tunisia with a capacity of 500 megawatts, the North African country’s state-run news agency announced Tuesday. Daniel Rich, the CEO of the British company made the announcement as he met with Tunisia’s Minister of Economy and Planning

AfDB, Zimbabwe Discuss Private Sector-Led Energy Reforms

Senior officials from the African Development Bank (AfDB) met with government and business representatives from Zimbabwe to discuss the southern African country’s renewable energy sector as well as the role the private sector will play in driving new project developments. During the three-day official visit, AfDB officials Dr Kevin Kariuki, Vice President for Power, Energy,

Mozambique Eyes $100 Billion LNG Windfall As It Prepares To Ship Its First Cargo

For years, Mozambique has been eagerly looking forward to reaping the windfall from the discovery of mammoth natural gas reserves off its west coast nearly a decade ago. Last year, experts estimated that the southeast African nation could generate $12bn annually by exporting 30 million tons from its three existing LNG projects by European energy