Emperorzee

Zambian power authorities have planned to triple power output to 6,000 megawatts (MW) in 2 years through expansion of solar energy by foreign investors, the head of its investment agency said. The continent's second biggest copper producer where the bulk of its generation capacity of 2,200 MW of power is water-powered has been battling with erratic power supply. The power problems and copper price slide have driven the kwacha currency to record lows amid a selloff in commodity-linked currencies as top copper consumer China's economy has slowed. Zambia Development Agency (ZDA) Director General Patrick Chisanga said he had held "very positive" talks with an unnamed German company aiming to invest $500 million in a solar power plant but did not disclose its planned location. [Register] Click Here To Buy Goods, Sell Goods And Also Make Money Referring People To Buy And Sell "It is planned that they could produce about 400 megawatts of power in two steps,...

The Governor of Oyo State, Abiola Ajimobi, on Thursday said Nigeria’s Excess Crude Account as at 15th of September stands at $2.257 billion. Briefing State House correspondents after the National Economic Council (NEC), Governor Ajimobi said states of the federation have started benefiting from the Special Intervention Fund approved by President Muhammadu Buhari. The NEC meeting, which was presided over by the Vice President Prof Yemi Osinbajo, was briefed on the bail out by the Central Bank Governor (CBN), Mr. Godwin Emefiele. Mr Emefiele said 18 states had been able to draw from the fund, while a number of other states are being processed for the soft loan facility. The soft loan facility is part of President Buhari’s relief package designed to help states pay backlog of salaries and also ease their financial challenges caused by the drop in federal allocation. NEC also received an ongoing report from its ad-hoc committee of five governors on the management of ECA and federat...