Latest news with #Mukuka
NZ Herald
28-04-2025
- Sport
- NZ Herald
Boxing: Alex Mukuka to make professional debut in Te Awamutu
Mukuka said professional boxing was a different ball game compared to amateur boxing, as there were more rounds, longer fights, and different judging criteria, however, he was prepared. 'I have been doing a variety of different running, like hill sprints, long distance, sprints, and strength and conditioning at Fitzone Matamata. 'For my sparring, I have been going to different gyms around the Waikato, doing as many rounds as I can –sparring with heavier and more experienced opponents.' It's looking like he will need the thorough preparation ahead of Saturday's match, as Malthus is coming off two knockout wins in a row, including a win over an undefeated boxer Zane Adams, of Peach Boxing Gym. However, Mukuka said he was not too concerned. 'I've heard that he stopped Zane Adams in the fourth round, but when I was in the amateurs, I fought Zane Adams at the Golden Glove tournament, stopping him in the second round. Style makes the fight.' While he does have his eyes set on a world championship belt, he says he doesn't have an opponent wish list. 'I don't have anyone in particular I want to fight, I want to put my name out there. I'm a fighter and I will fight anyone that my coach will put me in the ring with.' Aside from the Mukuka v Malthus title fight, there are also three other professional boxing matches happening on the day. Jadene Tredaway will take on Tania Barnett for a super lightweight title, Saskia Elliott will fight Toni Moki for a title in the welterweight division, and Tinta Smith will fight Stacey Loye in the super middleweight division. In addition to those matches, there will be Mod Thai and kickboxing fights, including a belt title tag team kickboxing event. Ironfist Promotions presents: Chasing Greatness will be held instead of Lani Daniels' IBF world light heavyweight title fight against Nailini Helu. Daniels' fight in Taupō was cancelled due to venue issues and rising costs. She is currently not booked to defend the title. Iron Fist Promotions is run by Waikato residents Craig Edwards and Nigel Elliott. Their partnership began when Elliot approached Edwards to come on board as a sponsor. Together, as IronFist Promotions, they also ran the Lani Daniels v Bolatito Oluwole world title match at the Globox Arena in Hamilton last year. The Details
Yahoo
25-03-2025
- Business
- Yahoo
Copperbelt to invest $500m in solar power and transmission line upgrades
Zambia-based Copperbelt Energy Corporation (CEC) plans to invest $500m up to 2026 to boost solar power generation and increase the capacity of its power transmission line link to the Democratic Republic of Congo (DRC), as reported by Reuters. The power infrastructure solutions provider operates the only line connecting the DRC to the Southern African Power Pool (SAPP). CEC plans to strengthen the power transmission line between Zambia and Congo, increasing its capacity from 250MW to 550MW. CEC chief financial officer Mutale Mukuka stated the company's intention to attract investors to finance the projects as Zambia recovers from a four-year sovereign debt default. "We're looking to invest around $500m over the next two years and most of this financing will come from third-party financiers," Mukuka told Reuters. He emphasised the company's commitment to investing "quite heavily in transmission projects to make sure that power from [new projects] can reach consumers." Interest in Zambia's energy projects has been renewed following the country's recovery from a sovereign default and an El Niño-induced drought that severely impacted power generation. Despite the challenges posed by the drought, CEC reported revenue growth of more than 240% in 2024, reaching $8.66m compared to $2.53m in 2023, along with an EBITDA [earnings before interest, taxation, depreciation and amortisation] increase of 228%. The company commissioned the 60MW Itimpi Phase 1 solar photovoltaic (PV) plant in April 2024. It produced 95.3 gigawatt hours (GWh) of renewable energy during the year, contributing to the mitigation of power shortages in Zambia and the wider region. CEC's board of directors approved a 136MW expansion of the Itimpi solar PV project to maintain growth and reach a generation capacity of 200MW by 2025. This expansion will boost CEC Renewables' total capacity to 230MW. The company has also secured $96.72m through the issuance of its second Green Bond for this development. Combined with the first tranche, the total raised under the company's $200m medium-term note programme has reached $150.27m. In July 2024, ProMarks and Trafigura signed a preliminary agreement with the Angolan government to develop a power transmission project to transfer surplus green electricity from northern Angola's hydroelectric dams to the DRC's Copperbelt province and Zambia. "Copperbelt to invest $500m in solar power and transmission line upgrades" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Reuters
24-03-2025
- Business
- Reuters
Zambia's CEC to invest $500 million in power projects to increase transmission
LUSAKA, March 24 (Reuters) - Zambia's Copperbelt Energy Corp. ( opens new tab will invest $500 million over the next two years to increase its solar power output and double the capacity of a power transmission line to Democratic Republic of Congo, a senior company official said on Monday. Copperbelt Energy Corporation (CEC) owns the sole power transmission line between Congo and the Southern African Power Pool (SAPP). The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here. Chief Financial Officer Mutale Mukuka said CEC wanted to attract investors to finance the projects as the country emerges from a four-year sovereign debt default. "We're looking to invest around $500 million over the next two years and most of this financing will come from third party financiers," Mukuka told Reuters. "We'll invest quite heavily in transmission projects to make sure that power from (new projects) can reach consumers," he said. Developers are showing interest again in Zambia's energy projects after the country emerged from a sovereign default and following an El Niño-induced drought which wiped out 70% of power generation. CEC also plans to bolster the power transmission line between Zambia and Congo to 550 megawatts (MW) from 250 MW currently.
