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Saturday 25 March 2017


[B] Western region men demand highest pay in Ghana – Report
[N] Tighten MPs' security – Irbard Ibrahim
[N] NPP meets over attacks on REGSEC coordinator
[N] Prof. Botchwey cries out to NDC ‘dissidents’ to pipe down
[N] France to relocate Embassy in Accra
[N] 12 per cent Ghanaians jobless - Statistical Service
[N] Stop the blame game – NDC members cautioned
[N] Government to roll-out housing programme for military - Dr Mahamudu Bawumia
[N] Ashanti Regional Security Coordinator attacked
[N] Documentary on Ghana’s political history stirs controversy
[N] Koku Anyidoho, Anita Desoso have agenda to block Mahama’s comeback – Yamin
[N] Appoint DCE from Abetifi – Group
[N] We’ll deal with NPP macho men – Police
[N] Group pushes for repeal of ‘outmoded’ suicide law
[N] Students beat up school bursar over food, ICT payments
[N] Public reaction to John Dumelo's car seizure
[N] John Dumelo caught with state car


[N] Decriminalize suicide - Clinical Psychologist
[N] Labour Force Survey report out
[N] Naabu wants to ride on Mahama’s popularity with his controversy-Ackon
[N] BECE candidate drowns in abandoned galamsey pit
[N] GJA postpones election indefinitely over disputes
[N] Mahama more experienced than Akufo-Addo – Kofi Adams
[N] Bus branding scandal cost us 2016 election – Twum Boafo
[N] 72 year-old man found dead in a gutter
[N] If I start talking, the NDC will collapse - Allotey Jacobs
[N] Flagstaff House assault: Court issues warrant for arrest of 2


[N] Africa must use its resources to create prosperity – Nana Addo  
[N] One arrested for attempted human sacrifice in Western region  
[N] Anti-Human trafficking fight: Ghana risks losing $600m – Ambrose Dery
[N] Ambulance service goes 'wild' over 'false' ambulance accident story
[N] Djibril Kanazoe dragged before court for alleged tax evasion
[N] NDC plots to ditch Mahama
[N] Akufo-Addo should appoint more ministers – Nhyiaeso MP defends
[N] We were more divided than the NPP prior to 2016 polls - Boateng Gyan
[N] I am not interested in 2020 Presidency - Dr Omane Boamah
[N] NDC Primaries: I will beat John Mahama hands down – Namoale
[N] Assemblymen request for motorbikes
[N] 41 Police recruits sacked for forgery


[B] Some OMC’s reduce fuel prices in line with recent tax cuts
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[ 2017-03-20 ]

S.A’s Eskom signs R6bn deal with France’s AFD
Eskom and AFD today signed a R 6 billion (€400
million) multi-tranche framework agreement to
support Eskom investments in the extension and
reinforcement of its power transmission grid.

Eskom’s Chief Financial Officer Anoj Singh said:
“This multi-tranche loan facility will contribute
towards Eskom plans to strengthen and refurbish
the transmission infrastructure while diversifying
our funding structures.”

AFD’s funding will focus on transmission lines and
substations that support grid strengthening in
areas where the development of future renewable
energy sources are envisaged as well as to support
the facilitation of cross-border transmission
projects. As such, the funding will contribute to
AFD’s global objective of dedicating 50% of its
funding to development projects that have a
climate change co-benefit.

AFD’s Chief Executive Officer, Rémy Rioux, said:
“This new funding to Eskom reiterates the
willingness of AFD to be a key financial partner
of the South-African utility. Since the beginning
of our engagement with Eskom, almost 10 years ago,
we have made the choice to focus our support on
targeted areas where we believe a development
finance institution like AFD can provide the most
value-added, i.e. renewable energy production,
renewable energy related grid reinforcement and
expansion, as well as technical knowledge

This funding represents the first multi-tranche
facility approved by AFD in the African continent.
This new instrument recently developed by AFD
opens a 3-year window during which the funding is
made available to Eskom to finance projects that
are compliant with eligibility criteria that have
been agreed upon between AFD and Eskom, namely: be
part of Eskom’s Transmission Development Plan,
contribute to the evacuation of the renewable
energy (existing or future) and/or facilitate the
development of cross-border transmission

This multi-tranche facility provides Eskom with
mid-term visibility on the availability of funding
for its Transmission Development Plan. It also
reinforces AFD’s position as a long-term partner
of the South-African power utility – since its
first €100 million financing approved in 2007 for
the Sere wind farm, and the recent signing a €150
million (R2.3 billion) facility to support Eskom
investments in the distribution network.

The multi-tranche facility has been approved while
the partnership between Eskom and Électricité de
France (EDF) – that was entered into in November
2015 – is completed. The partnership grant
provided by AFD and the French Ministry of Finance
focused on knowledge, experience and expertise
sharing between the two utilities, on various
areas, including smart grids. The partnership has
produced recommendations that will improve
performance in terms of system efficiency and
reliability. The multi-tranche facility will build
on the results of this partnership to develop

“We appreciate AFD’s long-standing commitment and
support and are pleased that we can continue the
valuable partnership with this organisation whose
mission is to improve and support Africa’s energy
development goals and mobilise resources for the
continent’s economic and social development”, said
Eskom’s Interim Group Chief Executive Matshela

Source - CNBC Africa

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