Africa

Zambia is battling the impact of the worst drought in decades that wiped out crops and curbed hydroelectric generation, leading to rolling blackouts that last at least 21 hours a day.

To develop 200 megawatts of locally-generated solar power, according to the head of the renewables company responsible for the projects.

The five-year notes carry an annual coupon of 9.75%, the Africa Finance, which served as global coordinator of the sale, said in a statement on Wednesday.

The absence of people on the ground contributes to bias against the continent – analyst.

Dollars are now used in 60% of transactions compared with 85% when the ZiGs was adopted, with the local unit making up the balance.

'Leasing the strategic and profitable JKIA to a private entity is irrational.'

Zimbabwe becomes the 16th nation across Africa to have access to the high-speed internet service, according to a map published on Starlink’s website.

The National Treasury forecasts a budget deficit of 767bn shillings ($5.95 billion) in the year through June 2025.

The global climate crisis has created a push for renewable energy technology – like solar or wind power – which would lessen reliance on polluting energy sources.

According to the ministry, the private sector is expected to provide 60% of next season's financing through contractual arrangements, while the government will fund 37% and self-financed farmers will contribute the balance.

Public frustration is just one consequence for Nigeria as it once again tries to end a costly addiction to fuel subsidies.

Africa is warming up faster than the global average, with North Africa heating up the quickest, it said.

'We have not concluded the sixth and last review, so there will be no disbursement,' Izabela Karpowicz, the IMF’s outgoing resident representative to Uganda, said.

Along with military support.