Africa Briefs
SA's fuel prices to increase tomorrow
The retail price of petrol and the wholesale price of diesel in South Africa will increase from tomorrow due to a weakening of the rand against the US dollar, the energy department said on Sunday.
The price of petrol will rise by 4 cents to R14.05 per litre in the commercial hub of Gauteng province, while that of diesel will go up by 23 cents to R12.35. – Nampa/Reuters
Zim's GDP growth to slow
Zimbabwe's economic growth is projected to slow to 3.5% in 2018 from an estimated 3.7% this year, central bank governor John Mangudya said yesterday. – Nampa/Reuters
US$653 mln in funding for Egypt solar plants
International Finance Corporation (IFC), a member of the World Bank Group, on Sunday said it had completed a US$653 million debt package to finance building 13 solar power plants near Aswan in Egypt, planned to be part of the largest solar park in the world.
Generating up to 752 megawatts of solar power, the Nubian Suns Feed-in-Tariff Financing Program is targeted to provide power to more than 350 000 residents and create up to 6 000 jobs during construction.
IFC and a consortium of nine international banks will provide a $653 million debt package to finance construction of 13 solar power plants, which will join 19 other plants to make up the Benban Solar Park - the largest private-sector financing package for a solar photovoltaic facility in the Middle East and North Africa.
The plants will cost a total of $823 million to build, IFC said. – Nampa/Reuters
The retail price of petrol and the wholesale price of diesel in South Africa will increase from tomorrow due to a weakening of the rand against the US dollar, the energy department said on Sunday.
The price of petrol will rise by 4 cents to R14.05 per litre in the commercial hub of Gauteng province, while that of diesel will go up by 23 cents to R12.35. – Nampa/Reuters
Zim's GDP growth to slow
Zimbabwe's economic growth is projected to slow to 3.5% in 2018 from an estimated 3.7% this year, central bank governor John Mangudya said yesterday. – Nampa/Reuters
US$653 mln in funding for Egypt solar plants
International Finance Corporation (IFC), a member of the World Bank Group, on Sunday said it had completed a US$653 million debt package to finance building 13 solar power plants near Aswan in Egypt, planned to be part of the largest solar park in the world.
Generating up to 752 megawatts of solar power, the Nubian Suns Feed-in-Tariff Financing Program is targeted to provide power to more than 350 000 residents and create up to 6 000 jobs during construction.
IFC and a consortium of nine international banks will provide a $653 million debt package to finance construction of 13 solar power plants, which will join 19 other plants to make up the Benban Solar Park - the largest private-sector financing package for a solar photovoltaic facility in the Middle East and North Africa.
The plants will cost a total of $823 million to build, IFC said. – Nampa/Reuters
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