The Pan-African Economy in Brief: Wednesday, January 13, 2021
Daystar raises $38 million for business growth:
Nigerian solar solutions provider Daystar Power has raised $38 million to expand its business in West Africa. The transaction was carried out with the support of the Developing Countries Investment Fund and Morgan Stanley Investment Management. The funds were raised from, among others, STOA, a French high-impact infrastructure investment fund. Daystar's objective, according to its Executive Director, Jasper Graf von Hardenberg, is to replace failing or overly expensive power grids and diesel generators with clean and more reliable energy. With this funding, the company intends to expand the combined capacity of its installed systems to 100 MW from the current 23 MW.
Tests in Canada confirm the quality of Manono's lithium for the production of electric batteries:
AVZ Minerals released in April 2020 a feasibility study for its Manono lithium project in the DRC. The results of the independent tests conducted in Canada provide assurance to AVZ Minerals to pursue the development of the project and to negotiate the sale of the product in advance.
Niger is organizing its search and rescue system for aircraft in distress:
The government of Niger, meeting in the Council of Ministers on Friday, January 8, adopted the draft decree on the organization of search and rescue of aircraft in distress in peacetime. This decree, which enshrines the overhaul of the search and rescue (SAR) system in Niger, "meets the requirements of Article 99 of Ordinance No. 2010-023 of May 14, 2010, on the Civil Aviation Code in the Republic of Niger, which provides that the organization of search and rescue of aircraft in distress is determined by decree taken in the Council of Ministers," explains the government.
President Lungu supports the Lubambe copper mine extension project:
The Zambian government is determined to grant the necessary facilities for the rapid implementation of the Lubambe copper mine extension project. This is what emerges from the words of Head of State Edgar Lungu who visited the site last week in the company of the Minister of Mines Richard Musukwa. "You have my support for this project, but I would like to stress that all processes and requirements must be respected so that everything is done according to the rules and in compliance with the legal provisions," said President Lungu, in remarks relayed by Mining Weekly.
Police accuse Bobi Wine of planning his own kidnapping on Election Day:
Ugandan police yesterday, Tuesday, January 12, accused the opponent and presidential candidate, Robert Kyagulanyi alias Bobi Wine, of preparing his own kidnapping after voting on the day of the presidential and legislative elections scheduled for January 14, 2021 in the country. According to his spokesman, Fred Enanga, the police have credible information that Bobi Wine plans to hide in an embassy (which he did not name) after the vote.