IN a significant development, Uganda’s presidency announced on Friday that China has extended an invitation to Uganda’s energy minister to discuss the country’s ambitious $5bn crude oil pipeline project in Beijing. This move could mark a breakthrough for Uganda, which has been…
ETHIOPIA and the World Bank have inked loan agreements totalling $1.72bn aimed at bolstering crucial infrastructure projects amidst a backdrop of multifaceted challenges, the finance ministry announced on Friday. The agreements entail a substantial allocation of $523 million to amplify Ethiopia’s electricity…
A federal judge in Manhattan has spared 87-year-old Joe Lewis, the British billionaire  whose family owns Tottenham Hotspur football club, from prison in an insider trading case. Instead, Lewis has been ordered to pay a $5 million fine and serve three years…
THE Nigerian Electricity Regulatory Commission (NERC), alongside other policymakers and actors in the power sector space, must have thought it was a resistance-free, genius idea to raise electricity tariff for only a small segment of Nigerian electricity customers while maintaining…
CANADIAN authorities revealed they prevented the export of almost 600 stolen vehicles overseas by inspecting 390 shipping containers at the Port of Montreal. Over 480 vehicles stolen from Ontario in the last three months were recovered at the port, along with…
THE pan-Yoruba socio-cultural and political organization, Afenifere, has decried the over 200 per cent electricity tariff increase, saying that it will thwart the current administration’s effort at boosting the economy as businesses will shrink. Afenifere, in a statement issued by…
THE Nigerian government privatized the electricity sector in November 2013. The sector is divided into generation, transmission, and distribution. Generation companies (GenCos) and distribution companies (DisCos) are now private entities. The government still owns the transmission company. Nigeria has several power…
THE Ibadan Electricity Distribution Company has downgraded some Band A feeders to Band E, including the Farm Feeder serving former President Olusegun Obasanjo. Trojan News reports IBEDC, in a list released on Saturday, disclosed that about 28 feeders under the Ibadan…
BOTSWANA, Africa’s leading diamond producer, is pushing back against a recent Group of Seven (G7) mandate that requires all diamonds destined for G7 nations to be certified in Belgium. President Mokgweetsi Masisi denounced the measure as unjust during a diplomatic gathering in…
SENEGAL’S political landscape sees a significant shift as Prime Minister Ousmane Sonko announces the formation of a new government consisting of 25 ministers and five junior ministers, unveiled on Friday following President Bassirou Diomaye Faye’s resounding victory in March’s elections.…
