Côte d'Ivoire Archives - AfricaBusiness.com

LONDON, Oct., 2012 /PRNewswire/ -- Globeleq Generation Limited (Globeleq), the emerging markets power company, announces the signature of financing for the 139 MW expansion of its existing 288 MW Azito gas-to-power plant near Abidjan, Cote d'Ivoire. (Logo: http://photos.prnewswire.com/prnh/20040611/DAF004LOGO ) Construction is expected to commence shortly, and to be completed in just over two years. The project was financed on a limited recourse basis with 80% of the funding provided by lenders including the International Finance Corporation, European development finance institutions led by Proparco and BOAD, the West African development bank. The majority of the equity funds will be contributed by Globeleq and the remainder by its partner in the project, IPS (West Africa), a co...

Market penetration to reach 60% among Africa's one billion people in 2012 Mobile phones represent more than 90% of all telephone lines in Africa. Market penetration passed the 50% mark in 2010 and is expected to reach 60% in 2012. Subscriber growth across the continent has slowed to around 17% p.a, but several individual markets are still growing at 50% p.a. or more and others stand at only single-digit penetration rates. The continent's most advanced markets have passed the 100% penetration mark. Although the greatest demand is in the major cities, cellular solutions are also being employed to increase accessibility in rural and other disadvantaged areas. In addition to mobile networks, Wireless Local Loop (WLL) systems have been introduced in a large number of countries for the provision...

Tag: Côte d’Ivoire

Construction to commence to expand Globeleq’s Cote d’Ivoire plant