Angola plans to invest $17.2 billion to increase its electricity access to 50% by 2027. Energy Minister João Baptista Borges made this announcement at a recent energy event. Borges said Africa still has low access to electricity. Despite this, Angola’s electricity production has grown quickly. It went from 2,356 megawatts in 2015 to around 6,320 […]
Related Posts
Argentina’s toll on the Paraná-Paraguay waterway has stirred a multi-country dispute
Argentina’s toll on the Paraná-Paraguay Waterway has stirred a multi-country dispute. Brazil, Uruguay, and Bolivia now back Paraguay’s stand against this fee. This water route is key for trade and involves five nations. A recent meeting confirmed support for Paraguay’s complaint against Argentina’s $1.47 per tonne fee. Argentina says the toll covers upkeep and services. […]
Ecuador Cancels Electricity Rationing After Deal with Colombia
After reaching a last-minute agreement with Colombia, Ecuador’s government halted its planned three-day electricity rationing today. “Rest assured, no blackouts will occur,” stated Fernando Santos, the Minister of Energy and Mines. He announced this in a press conference with other key electricity sector players. Santos’ ministry had alerted the public to possible power outages earlier […]
Analysts Predict 169.3% Argentina Inflation in 2023
Experts informed Argentina’s Central Bank that the predicted 2023 inflation rate is now 169.3%, a 28.6-point jump from earlier estimates. The bank released these new numbers in a recent report. The experts gave their inflation outlook for the first time since August 14. On that day, the Central Bank hiked the main interest rate to […]