Pointing at the scorching sun over his village in southern Zimbabwe, Simon Sibaya blames drought, rising fertilizer prices and a lack of government support for leaving 2.2 million of his fellow citizens in need of food aid.
Kenya suspended issuing new licenses for wind farms and solar plants until 2017 as it prioritizes development of cheaper fuel-based sources to help cut electricity prices, Energy Secretary Davis Chirchir said.
Mozambique risks delays in payments because of questions by donor countries over an $850 million bond issue that will be used to fund fishing vessels and patrol boats, according to advisory company Teneo Intelligence.
Kenya will use the sale of as much as $2 billion of Eurobonds to upgrade the country’s crumbling infrastructure so it’s able to handle the demands of an expanding economy, Treasury Secretary Henry Rotich said.
Development banks such as the World Bank or the African Development Bank will need to meet more stringent criteria to obtain U.S. support for coal-fired power plants abroad under new guidelines released today.
Zambia’s stock exchange, Africa’s fourth-best performer this year, is turning to companies and finance institutions to tap growing demand for debt with as much as $1 billion in bond sales as the government boosts spending to sustain growth.