Energy | Infrastructure news - Part 56

Energy

Eskom-power-lines-pic

Eskom downgraded by Fitch

Ratings agency Fitch has downgraded Eskom but given a stable outlook. The power utility announced that Fitch has downgraded Eskom’s Long-term local currency Issuer Default Rating (IDR) to ‘BBB-’ from ‘BBB’. Fitch Ratings has also affirmed Eskom’s...

Africa’s “alarming” energy deficit

Minister of Public Enterprises Lynn Brown has called the energy deficit in Africa alarming, noting that it remains a stumbling block for the region. “The lack of electricity in Africa remains one of the biggest barriers to the region’s development...