Africa in Business: GM grains and green hydrogen

STORY: Here are five business stories making headlines in sub Saharan Africa this week.

Kenya is set to import its first genetically-modified maize, the trade cabinet secretary has said, as it seeks to ease food shortages caused by East Africa's worst drought in 40 years.

Local media reported that Kenya will, on Friday (November 18), authorize duty-free importation of 10 million bags of maize over the next six months - some of which will be genetically modified.

Ethiopia has reactivated the process of selling a 40% stake in state-owned Ethio Telecom, as well as a separate plan to issue a second full telecoms license, the finance ministry and telecoms regulator said on Wednesday (November 16).

Efforts to lure investment, as the economy is opened up under Prime Minister Abiy Ahmed, have been hit by two years of war in Tigray.

France's HDF energy is set to develop Uganda's first green hydrogen power plant, after signing a memorandum of understanding.

That's according to a statement issued by HDF and the Ugandan government, which did not detail the capacity of the plant or the size of the investment.

South Africa's Eskom has warned that planned maintenance could cause power outages lasting up to a year.

Over the past six months the country, which relies on the state utility's ageing fleet of coal-fired power plants, has already suffered its worst power cuts in years.

And finally, a senior official at Actis - one of the biggest investors of private capital in Africa - has said it could invest up to $300 million a year in renewable and gas-fired power projects on the continent.

Head of Energy in the Middle East and Africa Lisa Pinsley said Actis has the funds and the appetite, and that it is just a question of finding the right opportunity.