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Solar-plus-storage beats combined-cycle gas in Jordan and Morocco, study
Solar-plus-storage is already competitive with the world's most efficient form of gas generation in Morocco and Jordan, according to new research from Wood Mackenzie Power & Renewables.
Ten developments that will shape Africa’s energy sector in 2019
After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the world’s hottest oil and gas frontier in 2019.
[Egypt] Benban Solar Park set to become world’s largest solar installation
Until recently, Egypt’s government spent more on electricity subsidies than it spent on education, health care, and social welfare combined.
Financial services, renewable energy fastest growing sectors in Africa, London Stock Exchange Group report
London Stock Exchange Group has launched the second edition of its 'Companies to Inspire Africa' report, identifying and celebrating some of Africa's most dynamic growth businesses.
African Infrastructure Investment Managers acquires stake in BBOXX as it expands to off-grid solar market
African Infrastructure Investment Managers has acquired through its African Infrastructure Investment Fund 3 a minority stake in BBOXX’s operations in East Africa.
Vivo Energy Côte d'Ivoire strengthens its presence in the Ivorian market
Vivo Energy Côte d'Ivoire has reinforced its presence in the Ivorian market with the opening of a new Shell station in TAABO.
[Uganda] Solarnow and Sunfunder announce $9m debt financing with Oikocredit and Responsability
Kampala-based off-grid solar company SolarNow has closed largest-yet receivables financing facility with SunFunder, Oikocredit and responsAbility
Financial close achieved for Cameroon’s Nachtigal hydro power plant
Financial close of the €1.26 billion Nachtigal hydro power plant to be built in Cameroon has been achieved.
European Commission, AfDB invest € 60 million for the Cameroon-Chad electricity interconnection
The European Commission and the African Development Bank have signed two co-financing agreements for the Cameroon-Chad electricity interconnection project and the trans-Saharan fiber optic scheme.
[Kenya Business Week] US key investment target in Africa
US has reiterating its commitment to strong partnerships with key countries in Africa, specifically naming Kenya as a target for future US aid and investment.
Vivo Energy Ghana appoints Ben Hassan Ouattara as new MD
Vivo Energy Ghana, the marketers and distributors of Shell branded products and services has appointed Mr. Ben Hassan Ouattara as the new Managing Director (MD), effective 1st January, 2019.
[Nigeria Business Week] Industries partner to reach common goals
The sectors are revving up to keep up momentum as the 2019 opens new doors for Nigeria’s stride toward economic balance.
Aker Energy announces Pecan well success in Ghana
Aker Energy, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, has announced that it is about to complete a successful drilling operation of the Pecan-4A appraisal well offshore, Ghana.
[South Africa] Special Economic Zone to significantly contribute to the economic and industrial development
The Minister for Trade and Industry South Africa, said the recently designation of the Nkomazi Special Economic Zone (SEZ) will contribute significantly to the economic and industrial development.
Protiviti unveils a new firm in Egypt
To further address the needs of its clients, global consulting firm Protiviti has unveiled a new member firm in Cairo, Egypt.
Greenlight Planet connects 2 million people to clean energy in Nigeria
Greenlight Planet, a global provider of solar home energy products, has successfully delivered clean energy access to more than two million individuals in Nigeria.
SolarNow closes $9M to scale its services across Uganda
Uganda-based solar energy company SolarNow has raised $9 million in debt arranged by SunFunder, a longtime debt financier for the company alongside co-lenders responsAbility and Oikocredit.
[Column] Armando Da Silva: Why solar power is the obvious solution for South Africa
As South Africa kicks off the New Year with a lower petrol price and hopes for a constructive 2019, there are some looming problems that hinder the great spirit of the country.
Redavia signs $2million financing agreement with ElectriFI to support Ghana’s expansion
Solar technology company REDAVIA and ElectriFI have signed a $2million financing agreement to support REDAVIA's expansion in Ghana's industrial and commercial sector.
Ophir Energy loses Equatorial Guinea's Fortuna due to licence expiry
Ophir Energy has announced that it has received notification from the Equatorial Guinea Ministry of Mines and Hydrocarbons that the Block R Licence, which contains the Fortuna gas discovery, will not be extended.
[Kenya] Alten picks Voltalia to construct 40MW solar plant in Uasin Gishu County
ALTEN Energías Renovables has confirmed its choice of the French company Voltalia to carry out EPC and O&M service on its new PV solar power plant in Kenya.
[Kenya] Alten picks Voltalia to construct 40MW solar plant in Uashin Gishu County
ALTEN Energías Renovables has confirmed its choice of the French company Voltalia to carry out EPC and O&M service on its new PV solar power plant in Kenya.
[South Africa] Fairfax Africa completes investment in Consolidated Infrastructure Group
Fairfax Africa Holdings Corporation has acquired 178,995,353 ordinary shares of Consolidated Infrastructure Group Limited at a price of ZAR4.00 per share.
[Cameroon] InfraCo Africa invests $1.7 million in Elan Solar project
InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Convertible Loan Agreement with Project Élan 1 SAS, committing up to $1.7m to develop Project Élan Solar in Cameroon.
[Egypt] Cabinet approves Russian technical support for Dabaa nuclear project
Egypt is set to sign the fifth contract of extending financial and technical support offered by the Russian side to carry out Al Dabaa nuclear project.
Sub Saharan Africa governments partner with UNDP to install solar systems in rural health centers
Governments in Sub-Saharan Africa have partnered with UNDP to launch the Solar for Health initiative to install solar systems in rural health centres and clinics.
FMO, Symbiotics and Zola Electric announce new $32 million facility for Zola’s Tanzania expansion
ZOLA Electric, FMO and Symbiotics have announced a $32.5 million facility to finance the growth of ZOLA’s Tanzania operations over the next 5 years.
[Kenya] GE Renewable Energy, GE EFS partner to provide technology for the Kipeto wind project
GE Renewable Energy and GE Energy Financial Services, GE EFS, have partnered to provide technology and advisory support for its flagship onshore wind project in Sub-Sahara Africa.
[South Africa] Eskom concludes revised executive structure
South Africa’s power generating company Eskom has concluded the Section 189 process for its top executive structure, reducing the number of positions in the organisation.
[Kenya] M-KOPA raises new funding from Japan’s Sumitomo Corporation
Pay-as-you-go solar and finance company M-KOPA has raised funding from Japanese multinational, Sumitomo Corporation to empower homes and small businesses.
GE EFS, Renewable Energy partner to deliver electricity to 40,000 homes in Kenya
GE Renewable Energy and GE Energy Financial Services (“GE EFS”) have announced a new partnership to provide technology and facilitate debt financing for its flagship onshore wind project in Sub-Sahara Africa.
[Kenya] Kipeto wind power project reaches financial close
Kipeto Energy Ltd has announced it has reached financial close following the acquisition by leading growth markets investor Actis.
EIB invests €495 million in transport, energy and internet across Africa
The European Investment Bank has formally agreed a total of EUR 495 million of new financing for three projects to support sustainable transport, clean energy and internet.
[Morocco] Vivo Energy and Zakoura Foundation partners with Education Ministry to educate on environment
Vivo Energy and the Zakoura Foundation have signed a partnership agreement with the Ministry of Energy National Education, Vocational Training, Higher Education and Scientific Research to bolster environmental education.
ENGIE to fuel first buses with compressed natural gas in Cote d’Ivoire
Cote d’Ivoire has unveiled a fleet of buses commissioned by the Société des Transports Abidjanais (SOTRA), supplied by IVECO and fuelled by compressed natural gas. ENGIE.
[South Africa] Eskom, Agence Française de Dévelopement sign loan agreement
Eskom and the Agence Française de Développement (AFD) have signed a € 90 million loan agreement to support the electricity utility’s investments.
EU commits €108 million to improve Niger’s social policies, good governance and access to electricity
The European Union is mobilizing an extra €108 million for social policies, security, good governance and access to electricity in Niger.
ACWA Power collaborates with ECOHZ to empower Morocco women
ACWA Power has announced collaboration with ECOHZ to empower local women and support communities in Morocco.
Qatar Petroleum marks its first entry into the Republic of Mozambique
Qatar Petroleum has entered into an agreement with an ExxonMobil affiliate to acquire a 10% participating interest in three offshore exploration blocks in the Republic of Mozambique.
Guinea Bissau to fully adopt renewable energy by 2030
Guinea Bissau is looking at investing $700m to make the energy transformation a reality by 2030.
Kenyan private sector completes one year of growth, Stanbic Bank report
According to a report released by Stanbic Kenya PMI, operating conditions in Kenya’s private sector economy improved solidly in November, although the rates of growth in output and new orders were marginally below those seen in October.
[Ghana] Special Ice picks Redavia to set up its first solar farm
Special Ice, a manufacturing company in the beverage industry in Ghana, has chosen REDAVIA, to establish its first solar farm in Ghana.
Senegal, Kenya, South Africa and Egypt projects reap from low carbon initiative
A new report has highlighted the impact of a project implemented by the United Nations Industrial Development Organization.
Seraphim opens first African solar cell factory in South Africa
Seraphim Solar System Co. Ltd has announced the inauguration of a new 500 MW solar cell factory in the Coega Industrial Development Zone of Port Elizabeth, South Africa.
[Kenya] Azuri, Unilever launch e-voucher system for off grid customers
Pay-as-you-go solar pioneer Azuri and consumer goods company Unilever have launched an e-voucher system designed to help off-grid rural consumers in Kenya access consumer goods and services via pay-as-you-go solar.
[Kenya Business Week] Manufacturing, automation and job creation nexus
Even with mounting fears that rapid automation could reduce the number of jobs in the Kenya’s manufacturing sector, a new report posits that digital technologies can, in fact, boost job creation.
Kenya launches ambitious plan to provide electricity to all citizens by 2022
The Kenyan government has launched the Kenya National Electrification Strategy (KNES).
OFID invests $50 million to support Egypt purchase gas, petroleum products
The OPEC Fund for International Development, OFID, has announced it is contributing $50 million to support Egypt’s purchase of crude oil, petroleum products and liquefied natural gas.
[Cameroon] Africa50 acquires 15 per cent of equity in Nachtigal Hydropower Plant
Africa50, the pan-African infrastructure investment platform, has acquired 15 per cent of the equity stake in the Nachtigal Hydro Power Company.
[Nigeria] Sirius Petroleum acquires 75% shareholding in Precision Energy
Sirius Petroleum, the Nigeria-focused oil and gas development and production company, has entered into a conditional sale and purchase agreement with Precision Energy Group (“PEG”) to acquire a 75% shareholding.
[Kenya] JinkoSolar supplies 55.7megawatts of solar panels to Garissa power plant
JinkoSolar Holding Co., Ltd has announced that it supplied 55.7MW of high-efficiency modules to the Garissa Solar Power Plant.
AfDB and Africa Growing Together Fund to provide $200 Million support for Nigeria Electrification Project
The Board of Directors of the African Development Bank Group has approved a $150 million sovereign loan to the Federal Government of Nigeria to finance the Nigeria Electrification Project.
[Malawi] USTDA awards JCM contract for construction of solar power plant
The U.S. Trade and Development Agency has awarded a grant to Golomoti JCM Solar Corporation (JCM), a Malawi-registered special purpose vehicle owned by JCM Power.
AfDB approves a ZAR3b loan to bolster renewable energy in South Africa
The Board of Directors of the African Development Bank has approved a senior loan of ZAR 3 billion to the 100 MW Redstone Concentrated Solar Power Project
Senegal receives 51 million euros from the AfDB to finance a power plant
The Board of Directors at the African Development Bank (AfDB) have agreed to a first rank loan of 51.26 million euros to finance the construction of a power plant in Malicounda, Senegal.
[Nigeria] Undergrid minigrids can generate $billion in yearly revenue, study
A new study by Rocky Mountain Institute (RMI) and Energy Market and Regulatory Consultants (EMRC) uncovers the business case for undergrid minigrids.
Africa Finance Corporation invests in Cameroon's hydro-electric power station
Africa Finance Corporation is investing in the Nachtigal Hydro Power Company in Cameroon.
RLSF signs deal with five African countries to de-risk renewable energy projects
Since launching a year ago, the Regional Liquidity Support Facility (RLSF) has signed agreements with five countries.
Kenya Power posts KShs3.1 billion in annual gross profit
Kenya Power has announced a gross profit of KShs.3.1 billion for the year ended 30th June 2018. During the trading period, electricity sales increased by 2.3 % from 8,272 million units the previous year to 8,459 million units.
Let us make Africa’s infrastructure competitive, Zimbabwean Minister
Zimbabwe’s Transport and Infrastructural Development and Transport Minister has urged the Africa continent to focus on infrastructure development, to ensure it was competitive enough to make a difference.
Mozambique making economic and social progress, AfDB report
According to the latest African Development Bank (AfDB) Country Result Brief, Mozambique has made significant strides despite an economic slump over the past two years.
[South Africa] Accutrak to Expand Market to Mozambique
Accutrak, a North-West technology company in South Africa is looking forward to expanding its customer base during the Trade and Investment Mission to Mozambique this month.
BBOXX launches affordable renewable energy drive targeting off grid African communities
BBOXX, a next generation utility platform, has unveiled its vision of a typical 2020s rural dwelling in the developing world.
[Cameroon] European Investment Bank commits €50 million to support Nachtigal hydropower plant
The European Investment Bank has announced its strong support for the construction of a 420-MW hydropower project in Cameroon.
European Investment Bank signs €200 million loan deal with Afreximbank to support job creation
The European Investment Bank has signed a new fifteen year EUR 200 million loan agreement with the African Export-Import Bank (Afreximbank), aimed at supporting trade-related productive investments.
Regional cooperation in East Africa set to tackle energy insecurity
The Energy Security Policy Framework recently launched will help East African countries to tackle the increasing energy insecurity affecting the region.
Rwanda, World Bank sign $125 million deal to support expansion of electricity
Rwanda and World Bank have signed a $ 125 million Development Policy Operation credit agreement to support a fiscally sustainable expansion of electricity services.
UN agencies, partners to firm-up common support programme for Central Africa
Representatives and experts of UN bodies, ECCAS General Secretariat and CEMAC Commission are set to meet in Gabon this month to re calibrate their efforts at delivering support for the sustainable development in Central Africa.
COMESA seeks to increase hydropower production in member states
Economic growth and development of many COMESA countries remain constrained due to inadequate energy infrastructure.
[Column] Bob Koigi: Renewable energy lights the way for Africa
The growing appetite for energy in Africa despite unreliable hydro power has birthed renewable energy renaissance.
[Kenya Business Week] Flying into new opportunities
African countries have been pushing for an open skies agreement to make intra Africa trade and movement cheaper and faster.
AfDB launches Africa Energy Portal to disseminate data across the value chain
The African Development Bank has unveiled the Africa Energy Portal, AEP, a platform that will consolidate, validate, and disseminate energy data and insights across Africa’s energy value chain.
[South Africa] Industrial parks can be turned into special economic zones, Trade Director
The Director-General of the Department of Trade and Industry (the dti), said that with proper infrastructure, utilities, and management, the twenty-six approved Industrial Parks across South Africa can become Special Economic Zones.
Egypt’s private sector wins big at the Africa Investment Forum
Projects from Egypt’s private sector showed strongly at the just concluded Africa Investment Forum during which transactions close to US$50 billion were promoted by sponsors in three days of Boardroom sessions.
African Development Bank launches Africa Energy Portal
The African Development Bank launched the Africa Energy Portal (AEP) at the Africa Investment Forum in Johannesburg last Friday.
AfDB and European Bank for Reconstruction and Development invest €150 million in Tunisia
The president of the AfDB and the president of the European Bank for Reconstruction and Development met during the Africa Investment Forum and discussed new avenues for cooperation between the two institutions.
Cameroon hydropower project to increase power generation capacity by 30 per cent
IFC, a member of the World Bank Group, in partnership with the Government of Cameroon, and EDF have signed a set of agreements that will lead to the construction of the Nachtigal hydroelectric plant.
[Kenya] Azuri, APA Insurance introduce low-cost funeral cover for solar and off-grid customers
Azuri Technologies and APA Insurance have announced the launch of HospiCash, a low-cost micro-insurance product for Azuri solar power customers across Kenya.
TDB, USAID in deal to finance power projects in 22 African countries
The Eastern and Southern African Trade and Development Bank (TDB) and USAID’s Power Africa initiative have signed a memorandum of understanding that will finance power projects in 22 African countries.
Millennium Challenge Corporation Board approves new $550 million Senegal power compact
The U.S. Government’s Millennium Challenge Corporation (MCC) Board of Directors has approved the new five-year $550 million Senegal Power Compact.
Creation of the right framework and clear policy critical in Kenya’s renewable energy deployment and usage
Creative financing, technological advancements, scalability in renewable energy sources have the potential to propel Kenya’s energy market, according to a 2018 report by global law firm Hogan Lovells.
Kenya moves closer to nuclear electricity production as KNEB goes for consultants
Kenya has moved closer to to the final phase of developing production of nuclear electricity after the state agency Kenya Nuclear Electricity Board (KNEB) invited expression of interest from consultants to undertake what it described as 'site characterization'.
Solar mini grids re-energize rural Rwandan economy
The number of enterprises have doubled in the village of Gitaraga, Rwanda, since MeshPower’s solar mini-grid was set up last May.
BBOXX, EDF and BEAM partner to expand energy access in Togo
BEAM, the investment platform created by Bamboo Capital Partners has announced a partnership with BBOXX and EDF to bring greater access to clean, reliable and affordable energy in Togo, powering economic growth and transforming lives.
[Malawi] MCC’s investment increases Nkula hydropower station output to 36 megawatts
Millennium Challenge Corporation Vice President, General Counsel and Board Secretary Jeanne Hauch has marked the closeout of the MCC Malawi Compact at a ceremony to commemorate the official hand-over.
[Nigeria] NEoT invests in Saboni Gari Energy microutility project
RensourceEnergy, a Lagos-based distributed energy services company has announced an investment of an undisclosed amount in its first microutility project Sabon Gari Energy by Paris-based NEoT Offgrid Africa.
Greenlight Planet rolls out largest expansion in Rwanda
Greenlight Planet, the global player in solar home energy products has completed a shipment of an order of 50,000 Sun King™ Home Systems for Ignite Rwanda project.
Schneider launches world’s most advanced, most accurate power quality meter
Schneider Electric, the global specialist in energy management and automation, has launched the world’s most advanced, most accurate power quality meter, the PowerLogic ION9000 series.
[Kenya] UN-Habitat and partners launch a project to cut carbon emissions
A new project aiming to reduce carbon emissions in Africa, The Urban Pathways project, has been launched by UN-Habitat in partnership with UN Environment and the Wuppertal Institute.
Regional Centre for Renewable Energy and Energy Efficiency opens in Namibia
The Southern African Development Community (SADC) Centre for Renewable Energy and Energy Efficiency (SACREEE) was inaugurated in Windhoek, with several high-level interventions from the energy sector.
[Kenya] CMA launches investigation over KenolKobil PLC take over transaction
The Capital Markets Authority (CMA) has received a Notice of Intention by Rubis Énergie to make a cash offer (the “Offer”) to acquire 100% of the ordinary share capital of KenolKobil Plc.
Mastercard, Centenary Bank and M-KOPA Solar roll-out energy solution in Uganda
Mastercard in partnership with M-KOPA Solar and Centenary Bank, celebrated the first ‘pay-as-you-go’ QR transaction this week, officially launching the initiative, which provides a simple and inexpensive way to power the homes and businesses of Ugandans.
Togo and Eranove Group sign agreement for a 65 MW electricity plant
Togo Minister of Mines and Energy and the Director General of the pan-African industrial group Eranove, have signed a power generation concession agreement for the construction of the Kékéli Efficient Power plant.
Vestas awarded contract to construct two wind parks in South Africa
Vestas’ global partner Enel Green Power has awarded Vestas a 294 MW order of V136-4.2 MW turbines, delivered in 4.2 MW Power Optimised Mode, for two projects in South Africa.
[Kenya Business Week] Breathing new life into SMEs
Small and medium sized businesses in Kenya represents 75 per cent of the country's workforce, constitute 98 percent of all businesses in Kenya and contribute 3 percent to the national purse.
IFC, Attijari bank to support SMEs and energy financing in Tunisia
IFC, a member of the World Bank Group, is providing a €40 million subordinated loan to Attijari bank Tunisia, a leading private bank in Tunisia, part of the Attijariwafa bank Group, to help strengthen its capital base and grow its lending operations.
Angola’s installed energy capacity reaches 4,400 megawatts
Angola’s energy sector is since 2017 saving an overall 669,000 liters diesel/day with entrance into operation of new power plant, which enabled the country to have currently an installed 4,409 megawatts.
Rwanda, AfDB sign €229m loan agreement to finance electricity projects
The Government of Rwanda has signed a €229.20 million funding agreement with the African Development Bank to support the country’s program to improve electricity supply and expand access to electricity.
Kenya vision 2030, the geopolitics of financing development
Unveiled a decade ago in June 2008, the Kenya Vision 2030, the country’s development blueprint, has steered Eastern Africa’s largest economy to unprecedented heights. But the future of the blueprint is caught in a geo-political mire on three fronts.
[Ghana] Redavia, ResponsAbility sign $4million clean energy deal
Solar technology company REDAVIA and the responsAbility-managed climate fund have signed a financing agreement for REDAVIA's Ghanaian subsidiary.
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Making money with cryptocurrencies - here's how, financial expert
Cryptocurrency has become especially popular over the last few years, as this is one of the ways of additional, and for some people an even primary source of income. Everything is straightforward: buy cheaper, sell more expensive. As well as an investment in the common currency... read more