In recent statements, Adebayo Adelabu, Nigeria’s Minister of Power, revealed that the government is postponing plans…
Search Results for: economic challenges
Zambia Extends Power Cuts to 17 Hours, Economic Outlook Dims
Zambia will extend daily power cuts to 17 hours starting in September due to a severe…
Balancing Green Transition and Economic Stability in the Global Power Sector
In May 2024, American Economist Michael Spence wrote in Project Syndicate about how the power sector…
Volvo Adjusts Electric Sales Target Amid Infrastructure Challenges
Volvo has cut its 2030 target for 100% electric vehicle sales to between 90% and 100%,…
AMCON: Ibadan DisCo Can Thrive with Strong Buyer Amid Challenges
The Asset Management Corporation of Nigeria (AMCON) has announced that the Ibadan Electricity Distribution Company (IBEDC)…
Saudi Arabia’s Electric Vehicle Market Surges Amid Challenges
Hamed al-Rafidain, a 39-year-old human resources worker, finds financial relief in his electric vehicle (EV), which…
Tony Elumelu Urges Swift Power Industry Overhaul to Spark Economic Revival
Nigerian billionaire Tony Elumelu, known for his significant influence in the nation’s business sector, particularly in…
Tinubu Administration To Tackle Power Challenges
At the 7th Nigeria International Energy Summit (NIES) in Abuja on Friday, March 1, 2024. Olu…
The Impact of Electric Vehicles on Nigeria’s Energy Landscape: Opportunities and Challenges
Electric vehicles (EVs) are revolutionising the transportation industry worldwide, providing a cleaner, more sustainable alternative to…
Despite Electricity, Forex Challenges, Africa Records 40% of Investments in Greenfield MegaProjects in 2022 – AfDB
In its January 2024 report on Africa’s economic performance and macroeconomic outlook, released February 16, 2024,…