Industry Dynamics

The Rural Electrification Authority (REA) says the electrification of some rural parts of the country has created business opportunities for members of the community and also improved their economic well-being.

It is said that three car assembly plants in Ghana will increase profits in 2019.

It is reported that $600 million Ikwe-Onna Modular Refinery in Akwa Ibom State will start operation in 2020.

Uganda said on Wednesday investors in its planned crude oil pipeline want a higher tariff than originally agreed, raising doubts over its targeted date for production to start.

The Industrial Development Corporation (IDC) is in talks with Independent Power Producers (IPPs) to develop and set up solar power plants in various parts of Zambia.

Automation Ghana Limited has called on engineers and power producers in the country to adopt solar energy in their operations.

Edo State Governor, Mr. Godwin Obaseki, has said the state government will drive the development of oil palm sector in the state using the sugar industry model.

Vivo Energy, the marketers and distributors of Shell branded products and services, has reduced the ex-pump prices of petroleum products at their stations this December in line with changing market trends.

According to the report, it is estimated 2,000 mini-grids in Africa and accounts 40% in solar projects.