Washington, United States | AFP | US President Donald Trump said he has yet to read a UN report warning of global warming-caused chaos unless drastic action is taken and added that he is skeptical. The landmark report released Monday said that time is running out to avert climate-induced disaster. …
Read More »Solar is Uganda’s best energy solution
Kampala, Uganda | JULIUS BUSINGE | Esteeri Kabonero is the managing director for Powah Limited, a solar solutions energy company operating in Uganda. She spoke to The Independent’s Julius Businge about the recent grant that they obtained from Trade and Development Bank (TDB) formerly known as the PTA Bank to go …
Read More »Insurer boosts Uganda’s renewable energy projects
The African Insurance Agency will support solar PV, hydro, wind, geothermal, biomass and cogeneration technologies Kampala, Uganda | ISAAC KHISA | The multilateral insurer, African Trade Insurance Agency (ATI), will provide up to US$10million as financial protection to new small and medium-sized renewable energy projects in Uganda to facilitate their smooth …
Read More »World Bank supports Rwanda energy sector
Off-grid power to meet connectivity targets Kampala, Uganda | DIAS NYESIGA | The World Bank is happy to be a strategic partner of the Government of Rwanda in the energy sector, according to Yasser El-Gammal, World Bank country manager for Rwanda. He was speaking about the 2018/19 fiscal year budget that was …
Read More »DR Congo planning to allow oil exploration in national parks: NGO
London, United Kingdom | AFP | Democratic Republic of Congo’s government is seeking to reclassify swathes of two UNESCO-listed parks so that oil exploration can be carried out there, an investigative group said. The London-based NGO Global Witness said it had seen documents about a scheme to “redraw the boundaries” …
Read More »Oil, metals prices set to rise amid trade tensions: World Bank
Washington, United States | AFP | Crude oil prices are expected to jump 23 percent this year amid strong economic growth, while metals prices are rising, hit by ongoing trade tensions, the World Bank said Tuesday. The World Bank raised its forecast for oil prices to an average of $65 a …
Read More »Macron pledges 700 million euros for new solar projects
New Delhi, India | AFP | French President Emmanuel Macron on Sunday pledged hundreds of millions of dollars for solar projects in developing countries, as world leaders met in India to promote greater investment in renewable energy. Macron, who in December warned that the global shift to a green energy future …
Read More »Erdogan hails Algeria trade deals on Africa tour
Algiers, Algeria | AFP | Turkish President Recep Tayyip Erdogan welcomed the signing of trade deals with Algeria on Tuesday as he visited the country on the first leg of a tour of Africa. Erdogan said the agreements would allow Ankara and Algiers to diversify trade pending the signing of “an …
Read More »UK’s top energy supplier Centrica says cutting 4,000 jobs
London, United Kingdom | AFP | Britain’s top energy supplier Centrica said Thursday it would cut 4,000 jobs by 2020 after announcing a 17-percent drop in profits in 2017 due to a loss of customers and poor performance in North America. “We expected the new programme to involve reduction in …
Read More »Israel announces ‘historic’ gas contract with Egypt
Jerusalem, Undefined | AFP | Israel has struck an “historic” contract to supply natural gas to Egypt, Prime Minister Benjamin Netanyahu announced Monday, in a deal one firm said was worth $15 billion over 10 years. “This will bring billions of dollars to state coffers,” Netanyahu said in a statement …
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