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Arab Petroleum Investments Corporation (APICORP) Ups Net Income By 3% in 2020

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DAMMAM, Kingdom of Saudi Arabia, April 6 (Infosplusgabon) -  Net income increased to USD115 mn despite fallout from COVID-19 pandemic; Balance sheet grew by 7.5% to USD7.89 bn; Corporate Banking and Treasury & Capital Markets portfolios up 6% and 13%, respectively; Improvement in key financial and risk metrics, including highest ever liquidity ratio (349%) and capital adequacy (31%).

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Angola: African Development Bank funds $530 million electricity project to expand renewable energy and regional connectivity

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LIBREVILLE,  Gabon, March 22 (Infosplusgabon) - The African Development Bank has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola and allow for the distribution of clean energy between the two regions.

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Peace in Dakar critical for Economic Prosperity (By NJ Ayuk)

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DAKAR, Senegal, March 15 (Infosplusgabon) -  According to NJ Ayuk, Executive Chairman, African Energy Chamber, the world woke to unusual images on their television screens last week with looting, vandalism and rioting portrayed on the streets of the Senegalese capital. The worst civil unrest in Senegal in decades was short-lived, but has left a distinct mark on the country’s international image.

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First green energy project in Burkina Faso for Private Infrastructure Development Group (PIDG) company Emerging Africa Infrastructure Fund

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LONDON, United Kingdom, March 15 (Infosplusgabon) - The West African country of Burkina Faso is to get a new large-scale renewable energy plant, it was announced today, 15th March. Located some 250km south east of the nation’s capital city of Ouagadougou, near the town of Pâ, the new solar energy plant will supply all the electricity it produces to Burkina Faso’s national power utility, La Société National D’électricité Du Burkina Faso (SONABEL).

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South Africa : Danfoss Drives office in South Africa has rolled-out a series of thought leadership webinars on the topic of Energy Efficiency in 2020

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JOHANNESBURG, South Africa, March 4 (Infosplusgabon) - There has been growing momentum in the energy sector which appears to give credence to governments across the world’s commitment to transition to low-carbon economies. The promise to expand the existing network of Renewable Energy Development (RED) Zones and power corridors incentivizing cleaner energy and including such placement within mining areas, not only to promote self-generation by mines, but also sustainable rehabilitation.

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