Africa briefs
South Africa signs US$4.7b of renewable energy deals
South Africa signed long-delayed renewable energy contracts worth US$4.7 billion with independent power producers on Wednesday, in the first major investment deal under President Cyril Ramaphosa.
The signing of power purchase agreements for the 27 mostly solar and wind projects was held up for over two years under ousted president Jacob Zuma, who favoured a plan to build additional nuclear power plants.
It was also the subject of a last-minute legal challenge by the NUMSA labour union and Transform RSA lobby group, but a court rejected their application for an urgent interdict last week.
-Nampa/Reuters
Kenyan fund targets US$15m green bond for water projects
A non-profit organisation plans to issue a 1.5 billion shilling (US$15 million) bond this year to fund Kenyan water utilities.
Robert Bunyi, chief executive officer of the Kenya Pooled Water Fund, said on Wednesday it aimed to launch a 15-year instrument and to have it certified as a green bond.
Like other African nations, Kenya requires billions of dollars in the coming years to invest in infrastructure projects like roads, water and irrigation, railways and power generation
Proceeds from green bonds help finance projects in renewable energy, green transport, energy-efficiency and wastewater treatment.
-Nampa/Reuters
Kenya to set up refinancing company to meet housing demand
Kenya is to set up a mortgage refinancing company to help to meet the government’s aim of providing 500 000 houses in five years as well as make it easier for banks to access long-term finance for home loans, the Treasury said.
-Nampa/Reuters
Ghana to review corporate tax exemptions for resources sector
Ghana plans to review its process for granting corporate tax exemptions to mining and oil companies as part of measures to eliminate fraud and boost revenues, its vice president said on Wednesday.
-Nampa/Reuters
South Africa signed long-delayed renewable energy contracts worth US$4.7 billion with independent power producers on Wednesday, in the first major investment deal under President Cyril Ramaphosa.
The signing of power purchase agreements for the 27 mostly solar and wind projects was held up for over two years under ousted president Jacob Zuma, who favoured a plan to build additional nuclear power plants.
It was also the subject of a last-minute legal challenge by the NUMSA labour union and Transform RSA lobby group, but a court rejected their application for an urgent interdict last week.
-Nampa/Reuters
Kenyan fund targets US$15m green bond for water projects
A non-profit organisation plans to issue a 1.5 billion shilling (US$15 million) bond this year to fund Kenyan water utilities.
Robert Bunyi, chief executive officer of the Kenya Pooled Water Fund, said on Wednesday it aimed to launch a 15-year instrument and to have it certified as a green bond.
Like other African nations, Kenya requires billions of dollars in the coming years to invest in infrastructure projects like roads, water and irrigation, railways and power generation
Proceeds from green bonds help finance projects in renewable energy, green transport, energy-efficiency and wastewater treatment.
-Nampa/Reuters
Kenya to set up refinancing company to meet housing demand
Kenya is to set up a mortgage refinancing company to help to meet the government’s aim of providing 500 000 houses in five years as well as make it easier for banks to access long-term finance for home loans, the Treasury said.
-Nampa/Reuters
Ghana to review corporate tax exemptions for resources sector
Ghana plans to review its process for granting corporate tax exemptions to mining and oil companies as part of measures to eliminate fraud and boost revenues, its vice president said on Wednesday.
-Nampa/Reuters
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