The agreement, which was signed during the ongoing 28th Conference of the Parties (COP 28), supports urgently needed financing for infrastructure projects to underpin sustainable development and economic growth.
This funding is meant to drive a comprehensive and affordable transition to renewable energy in developing countries.
Equinor sells its Nigerian business, including its share in the Agbami oil field, to Nigerian-owned Chappal Energies.
In a powerful signal of support during COP28, African and global institutions together with governments of Germany, France and Japan and philanthropies have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA).
The project will also benefit from a $13.17 million (€12.12 million) loan from the Canada-African Development Bank Climate Fund (CACF), administered by the Bank, providing long-term concessional loans for climate change adaptation and mitigation projects.
MIGA has issued guarantees amounting to €19.9 million to Meridiam, an independent investment Benefit Corporation and asset manager specializing in public and community infrastructure, to cover its investments in Dakar Mobilité SA (DM) in Senegal for up to 15 years.
AFC has invested US$60 million in Etu Energias (formerly Somoil), the largest private Angolan oil company, as part of a drive to boost indigenous participation in the continent’s energy sector.
Le président de la Côte d'Ivoire, Alassane Ouattara, et le PDG d'Eni, Claudio Descalzi, célèbrent le démarrage de Baleine.
The Permanent Parliamentary Committee on Energy and Minerals inspects the East African Crude Oil Pipeline
The Permanent Parliamentary Committee on Energy and Minerals has visited the Chongoleani Port facility of the East African Crude Oil Pipeline (EACOP) project and has been satisfied with the progress of the project.
Intense, urgent demand for artificial intelligence (AI) capabilities – and the duelling pressure to reduce energy consumption, costs and greenhouse gas emissions – loom large over the data centre industry heading into 2024.
Schneider Electric, a player in the digital transformation of energy management and automation, is harnessing the capabilities of Generative artificial intelligence (GenAI) to empower customers and transform its internal operations.
FSD accorde environ 2 milliards de riyals de prêts pour soutenir des projets de développement en Afrique
Le Fonds saoudien pour le développement accorde environ 2 milliards de riyals de prêts concessionnels pour soutenir des projets de développement en Afrique.
Stepping up their support for African partner countries ahead of the crucial COP28 climate change conference, the Arab Coordination Group (ACG) announced today that it aims to allocate up to US$50 billion to help build resilient infrastructure and inclusive societies in the African continent.
Les Market Days 2023 de l’Africa Investment Forum (AIF) ont suscité 34,82 milliards de dollars d’intérêts d’investissement pour des projets dans les infrastructures, l’agriculture, les soins de santé et les industries créatives.
Behind every discovery, final investment decision (FID), and first oil announcement in our continent are companies of all sizes, advancing our energy industry and bringing Africans closer to realizing the energy security and prosperity that their petroleum resources represent.
Stellantis devient actionnaire stratégique de Leapmotor avec un investissement de 1,5 milliard d’euros et développera l’activité internationale des véhicules électriques Leapmotor.
The Arab Coordination Group (ACG) has announced that it aims to allocate up to US$50 billion to help build resilient infrastructure and inclusive societies in the African continent.
MCB Capital Markets, the Investment Banking, Asset Management and Principal Investments arm of MCB Group, has advised EnVolt on its inaugural issue of MUR 510m (USD 11 million) Green Project Bonds under its MUR 2 billion (USD 45 million) Multicurrency Green Bond programme.
EnVolt, the renewable energy development arm of ENL Group ("ENL"), a diversified investment holding company in Mauritius, is engaged in the construction of 13 solar roof and ground mounted facilities across the island with an aggregate capacity of 14 MWh and an estimated project cost of MUR 680 million.
Having established a strong foothold across the African continent in the past 15 years, this landmark partnership is a major milestone for Luminous Power Technologies as it further strengthens its foothold in the African market.
The African Export-Import Bank (Afreximbank) in Houston, United States, signed a term sheet for a US$40million pre-export facility in favour of Johnvents Industries Limited.
IFC investit dans la première titrisation du Programme Électricité pour Tous (PEPT) pour soutenir l’accès à l’électricité en Côte d’Ivoire.
Final day of FII7 in Riyadh sees detailed debate on AI and trillions in investments for environment unlocked ahead of COP28 summit.
120 projects have been & are being implemented with bilateral development partners through debt swap programs worth $730 million In Egypt.
Delegates call for new global compass to boost economic environment and supercharge renewable energy investments.
The milestone aligns with the timeline of the Congo LNG project, whose first phase will startup in December 2023. The project will reach approximately 4.5 BCMA of gas liquefaction capacity at plateau.
Perenco Oil & Gas Gabon to announce the startup of production following the Hylia South West Discovery
Perenco Oil & Gas Gabon (POGG) has announced the successful startup of production following the Hylia South West Discovery located offshore Gabon in 40 meter water depth, 10km south of the Hylia field.
U.S. International Development Financing Corporation Chief Executive Officer (CEO) Scott Nathan traveled to Accra, Ghana, to meet with prospective private sector partners to discuss opportunities to work together to promote economic growth in Ghana.
MAX partners with OEMs, EV manufacturers, and fleet owners to provide vehicle financing and subscriptions to gig drivers and mobility entrepreneurs via termed contracts and service bundles.
British International Investment partners with Access Bank Plc to extend $60 million trade finance facility
British International Investment partners with Access Bank Plc extended $60 million to ensure availability of key commodities across import-dependent economies and critical inputs for manufacturing goods, medicine, commodities, construction, food and agriculture across five African countries.
ARISE IIP investit dans Crystalchain pour lutter contre le changement climatique et renforcer la traçabilité au sein de ses parcs industriels.
IFC guarantees loan to provide farmers, agribusiness SMEs in Morocco with solar and efficient irrigation systems
Through IFC's $36 million risk sharing facility, BCP will provide loans primarily to farmers and SMEs in CMGP's distribution network to help them acquire energy-efficient, solar-powered watering systems, such as micro irrigation.
CrossBoundary Group to unveil a refreshed brand identity and two new websites, which demonstrate the firm's growing impact and commitment to underserved markets.
The Afreximbank in Brazzaville signed an agreement to provide a $300 million facility to Trident OGX Congo in a transaction expected to raise the Republic of Congo’s crude oil production by an estimated 30 per cent.
Altera Infrastructure has been awarded contracts for redeployment of the FPSO Voyageur Spirit and the shuttle tanker Nordic Brasilia for the Baleine Phase 2 project, located offshore Côte d'Ivoire.
Tlou Energy Limited to announce that it has raised A$678,976.62 (~£355,000, ~BWP5.85 million) pursuant to a placing of 19,399,332 new ordinary shares of no par value at an issue price of A$0.035 (~£0.0183, ~BWP0.30) per share .
Although the South African EV industry is currently small in comparison to other markets, Justin Manson, Sales Director at Webfleet, Bridgestone’s fleet management solution predicts that it will expand thanks to government backing and private sector investment.
Alterra Capital Partners, a firm spun out of Carlyle Group Inc., has announced substantial backing from prominent figures, including Carlyle’s co-founders David Rubenstein and Bill Conway as well as Nigerian billionaire Aliko Dangote, for their Africa-focused fund.
WATT Renewable Corporation (WATT), an independently owned provider of hybrid solar solutions, has been chosen by leading telecommunications services company, Airtel, to deliver over 32MW installed capacity of solar PV and storage across Nigeria.
Sasol, Toyota South Africa Motors and Air Products South Africa partner for hydrogen mobility ecosystem
Sasol, Toyota South Africa Motors (TSAM), and Air Products South Africa (APSA) made history at the Smart Mobility Africa Summit, at the Gallagher Convention Centre, in Johannesburg with the presentation of South Africa’s first on-road demonstration of a hydrogen mobility ecosystem.
Amethis is pleased to announce that it has acquired a minority stake in Energy Transfo, a major player in the design and manufacture of solutions for the electricity and renewable energy sectors in Morocco.
BOAD et APSGI ont signé un protocole d’accord de collaboration, en vue de mettre en œuvre des synergies devant soutenir la redynamisation de leurs activités de financement et d’investissement, et de capter les opportunités offertes par la Finance Verte.
Le groupe CFAO, dans sa mission With Africa For Africa, poursuit son ambition de devenir un partenaire incontournable en Afrique pour des prestations d’énergies renouvelables.
Truist partners with Standard Chartered to strengthen trade finance capabilities in emerging markets
Standard Chartered Americas has announced that it has entered a trade finance partnership with Truist Bank that will enhance Truist clients’ ability to conduct global business.
Le projet LNG Marine XII trace la voie vers la sécurité energétique et le développement economique du Congo
Le projet LNG Marine XII, qui représente un investissement substantiel de près de 5 milliards de dollars, est une initiative pionnière pour la République du Congo.
Some of Africa’s largest financial institutions are backing a call to conserve and restore nature amid a biodiversity crisis that threatens the wellbeing and livelihoods of tens of millions of its people.
Investments in Acre Impact Capital’s Export Finance Fund, Catalyst Fund and Camco’s Spark Energy Services will help bridge financing gap for green projects,
Des PDG, des chefs d’État, des ministres, des investisseurs et des dirigeants de l’ONU seront rejoints par des stars du monde de la musique, du sport et du cinéma pour un forum exclusif de deux jours consacré à l’avenir de l’Afrique
The International Finance Corporation (IFC) and Citi have agreed to launch a $300 million facility pilot under IFC's newly established Global Supply Chain Finance Program (GSCF).
lobeducate invests in International Education Group alongside Saham, as Tana Africa Capital exits the business.
In addition to adding capacity to the nation’s power grid, this agreement - a Vodacom innovation which has been co-developed with Eskom - will also play a significant role in moving Vodacom closer to its goal of sourcing 100% of its electricity demand from renewable energy sources by 2025.
The African Energy Chamber (AEC) endorses the ground-breaking agreement between Oando PLC and Eni for the acquisition of 100% of the shares of Nigerian Agip Oil Company Limited (NAOC Ltd).
$1 billion to boost access to climate finance for Africa’s youths, African Development Bank announces
African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financing for Africa’s youth businesses.
At the closing of Africa Climate Summit 2023, African leaders announced $23 billion Nairobi declaration target for green growth in Africa.
The U.S. Agency for International Development announced a suite of investments and initiatives to support climate action in Africa as part of this week’s Africa Climate Summit in Nairobi, Kenya.
The facility will directly benefit from the 953 Megawatts of Geothermal Power Generation capacity at Olkaria and will be the first major investment at the newly created KenGen Smart Industrial Park to fully utilize green, reliable and sustainable power.
Whether or not the sun shines today, the wind blows, or the heavens open – should that affect your ability to borrow money or pay it back? Your ability to access entirely essential services like electricity? Water? Your mobile phone?
In a move that demonstrates its unwavering commitment to enhancing safety for urban mobility in Kenya, inDrive has made a significant investment of nearly half a million Kenyan shillings.
IFC made $11.5 billion in investments between July 1, 2022, and June 30, 2023, across 40 countries, the largest ever annual commitment for the continent.
ACWA Power, a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a player in energy transition, has signed a memorandum of understanding (MoU) with the New and Renewable Energy Authority (NREA) to allocate land for a 10 GW wind project in Egypt.
With a focus on increasing access to energy and promoting sustainable environments, the Sahara Impact Fund program attracted over three hundred applications from nineteen African countries including Nigeria, Kenya, Ghana, South Africa, Burundi, Zambia, Malawi, Tanzania, and Uganda.
Russia and South Korea have embarked on a joint venture to construct two nuclear power facilities in Uganda with the capacity to produce a total of 15,600 MW of electricity.
AFC’s US$95.25 million investment will finance the construction of two self-propelled barges for operation on Lake Victoria, providing a more efficient and less carbon intensive alternative to traditional trucking.
Global Africa Business Initiative to accelerate and promote business, trade and investment across Africa
The Global Africa Business Initiative (GABI), the leading platform for promoting investment opportunities and business growth across Africa and the world, will bring together Heads of State and Government, CEOs, UN leaders, investors and entrepreneurs in September for a deep dive into energy, trade, and digital transformation.
Afrika Insights Inc., an Ontario-based risk advisory and publishing company, joined The Canada-Africa Business Chamber, ahead of the annual Canada-Africa trade and investment forum, Africa Accelerating.
Un prêt de 63 millions de dollars US avec la Société Générale et GuarantCo pour accélérer le déploiement de ses deux-roues électriques.
Le Sénégal recevra 50 millions EUR d’Africa Finance Corporation pour stimuler le secteur pétrolier et gazier
L’investissement d’AFC dans le champ pétrolier Sangomar sera utilisé pour soutenir la première phase du lancement de la production de pétrole, un jalon clé dans la promotion du secteur des hydrocarbures du pays
d.light, the global provider of household products and affordable finance for low-income households, today announced a $30 million securitization facility with the capability to purchase up to $125 million of receivable assets.
Oikocredit’s € 3 million loan will enable the Ivorian microfinance institution to expand and enhance its financial services.
In line with the UK Government’s commitment to supporting clean, green and sustainable economic growth in Africa, UK Foreign Secretary James Cleverly visited a Nigerian e-mobility platform and electric vehicle assembler, MAX Nigeria.
To support the development of certified green buildings in South Africa, IFC announced a partnership with Absa Bank Limited to help the bank expand its residential and commercial loans and mortgage finance program for buildings that are environmentally responsible and resource efficient.
The Saudi Fund for Development (SFD) signed an agreement for a concessional development loan of $20 million to finance the electricity delivery project in the Kamonyi District.
Le Luxembourg étend son soutien au Fonds pour l’inclusion financière de la Banque européenne d’investissement
Le Fonds pour l’inclusion financière (FIF) propose des opérations d’assistance technique ciblant des institutions de microfinance en Afrique ainsi que dans les Caraïbes et le Pacifique
Gemcorp, Africa Finance Corporation and Afreximbank announce the financial close of Cabinda Oil Refinery
Gemcorp, Africa Finance Corporation and Afreximbank announce the financial close of Cabinda Oil Refinery with a US$335-million project financing facility.
African Energy Chamber partners with World Nuclear Association to advance sustainable nuclear energy in Africa
As part of this partnership, World Nuclear Association, the organization representing the global nuclear industry, will be a leading participant in the upcoming AEW 2023 conference.
SONATRACH – TotalEnergies en collaboration dans le domaine des hydrocarbures et des énergies renouvelables
SONATRACH et TotalEnergies Signature de plusieurs accords dans le domaine des hydrocarbures et des énergies renouvelables.
Equity BCDC et Proparco viennent de signer une garantie de portefeuille EURIZ pour un montant de 10 MEUR (libellée en USD) visant à soutenir les Petites et Moyennes Entreprises (PME) en République démocratique du Congo (RDC).
The project will include the construction of a 166km overhead transmission line connecting the Kagera region to the national grid, replacing the current energy supply from Uganda with local hydropower resources.
The partnership spearheaded by the JRA and facilitated through a Service Level Agreement (SLA) will leverage electricity sourced from Vodacom's adjacent buildings to power traffic lights.
Independent Anglo-French hydrocarbon producer Perenco has started production at the South Kole Marine oil project located 50km off the coast of Cameroon.
While to date our society has been heavily reliant on coal, it's not able to keep pace with the energy and environmental aspirations of the nation currently.
The investment will support LOLC’s expansion strategy into Africa, through the financing of MSMEs, thereby promoting a high social and developmental impact including financial inclusion, employment creation, income generation, and economic growth.
La République Gabonaise et Africa50 signent un accord cadre pour le développement et le financement de lignes de transport d’électricité.
The investment will help provide thousands of self-employed entrepreneurs operating as motorbike and tuk-tuk taxi riders or courier or delivery drivers in Kenya with greater economic empowerment and asset ownership opportunities.
The Eastern and Southern African Trade and Development Bank (TDB) is participating in a first-of-its-kind, bank-led and entirely Kenyan-Shilling-denominated $130 million sustainable securitisation transaction.
Stanbic Bank, a leading financial institution in South Sudan one of the silver sponsor of the sixth edition of the South Sudan Oil and Power (SSOP) 2023 conference and exhibition . Themed, "The Engine of East African Growth" SSOP 2023 reinforced its role in Oil and Gas Sector Develompement.
Rwanda, Team Europe and partners pioneer an additional EUR 300 million ﬁnancing to crowd in private investment and build climate resilience following Resilience and Sustainability Facility arrangement with the International Monetary Fund
Ethiopia, one of the fastest-growing economies in Africa, is becoming a promising destination for telecom firms looking to expand their business operations.
The United Nations World Food Programme (WFP) in Egypt and The Coca-Cola Foundation, have signed an agreement to promote sustainable agriculture & green energy among farmers and rural communities in Luxor.
Goodwell Investments and its long-standing partner Alitheia Capital are proud to announce that a mixed group of investors are joining the journey to finance inclusive growth in Africa.
BW Offshore a conclu la transaction de vente du FPSO Espoir Ivoirien à son client pour un montant total de 20 millions de dollars.
Huawei Digital Power Kenya has released its latest report on the top ten trends that the firm considers through research will drive the growth of the solar energy industry in the near future.
Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, has received the Deal of the Year – Equity award at the just concluded African Banker Awards 2023 ceremony in Sharm El Sheikh, Egypt.
AfDB approves $20 million investment in private equity fund targeting the infrastructure sector in Africa
The Africa50 Infrastructure Acceleration Fund I is a pan-African infrastructure private equity fund that is mobilizing up to $500 million for investment and value creation in strategic infrastructure sectors.
Arnio est une nouvelle marque de classe mondial dans la conception et le développement de véhicule électrique en Afrique.
Proparco soutient GRAVITA, une société indienne de recyclage industriel pour ses activités au Ghana et au Sénégal.
Africa Finance Corporation, the leading infrastructure solutions provider on the continent, announces that it has secured a US$625 million syndicated loan with new lenders from the Middle East and Asia.
En République démocratique du Congo (RDC), la compagnie pétrolière et gazière Perenco a officialisé la mise en service d’une nouvelle plateforme de production en mer, à Muanda, à l’extrême ouest du pays.
The launch of Capacity-Building Program to foster economic and financial development of African cities
United Cities and Local Government of Africa (UCLG Africa), in partnership with the African Development Bank (AfDB), is organizing the second phase of its capacity-building program for Chief Financial Officers of African cities.
AFC and Japan Bank for International Cooperation collaborate to accelerate energy transition in Africa
Africa Finance Corporation (AFC) and Japan Bank for International Cooperation (JBIC) have signed a Memorandum of Understanding (MOU) to collaborate on infrastructure projects that contribute to accelerating energy transition in Africa and promoting economic sustainability on the continent.