EMerging Equity
Power Crisis
Russia Signs $10 Billion Deal To Build Jordan’s First Nuclear Power Plant
Jordan has signed a $10 billion deal with Russia on Tuesday to build the kingdom’s first nuclear power plant, with two 1,000-megawatt reactors in the country’s north, Reuters reports. The energy-poor kingdom imports nearly 98 percent of its energy from oil products and crude and is struggling to meet electricity demand as its population rises and its industry … Continue reading
South Africa’s Power Crisis Takes A Toll On Its Economy
South Africa’s deepening power crisis, the worst crisis since 2008, triggers nearly daily outages across the nation which has impacted key industries in addition to households, has taken a toll on its economy. In 2014, South Africa’s economic growth came it at a paltry 1.5%, which is the lowest rate of growth in five years, the Financial Times (FT) reports. Although … Continue reading
