tagresults
Formation of joint venture to accelerate growth of KFC franchise portfolio in East Africa
Vivo Energy, the pan-African retailer and distributor of Shell and Engen-branded fuels and lubricants, has agreed to form a non-fuel joint venture to accelerate the roll-out of KFC restaurants in Kenya, Uganda and Rwanda.
Rwanda, AfDB sign $23 million agreement to boost Scale up Electricity Access Programme
The Government of Rwanda and the African Development Bank have signed an additional financing agreement worth $ 22.9 million for the Scale up Electricity Access Program.
Anadarko announces Mozambique LNG final investment decision
Anadarko Petroleum Corporation and the co-venturers in Mozambique's Offshore Area 1 have announced a Final Investment Decision (FID) on the Anadarko-led Area 1 Mozambique LNG project.
MIT D-Lab Scale-Ups Fellowships program to provide $120,00 to six East African startup entrepreneurs
Six East African startup entrepreneurs from Kenya, Tanzania, and Uganda will receive $20,00 each from MIT D-Lab Scale-Ups Fellowships program.
[Nigeria] FGN Green Bond series II records 220% subscription level
The Nigeria Debt Management Office (DMO) has announced the results of its second Sovereign Green Bond offering (the “Offer”) for N15 billion.
DBSA commits US$4.9m to Joule Africa’s hydropower project in Sierra Leone
As Joule Africa enters the final stages in developing the Bumbuna II 143 MW hydropower project in Sierra Leone, DBSA has committed US$4.9 million to finance remaining project development activities.
World Bank Group debars Dongfang Electronics over fraudulent activities in Liberia power project
The World Bank has announced the 15-month debarment of China-based Dongfang Electronics Co. Ltd. (Dongfang) in connection with fraudulent practices while bidding on a power project in Liberia.
General Electric appoints Jaime Morais as Angola Country Leader
General Electric has announced the appointment of Jaime Morais as the Country Leader for GE in Angola.
Seychelles edges closer to realizing floating solar energy project
Implementation of Africa’s first independent power producer floating solar photovoltaic (FPV) project is continuing in the Seychelles.
Lukoil enters hydrocarbon production project in the Republic of Congo
Russian oil and gas company Lukoil has concluded an agreement with New Age M12 Holdings to acquire a 25% interest in the Marine XII license in the Republic of Congo for $800 million in cash.
OPIC Board approves $87 million Lekela BOO Wind Power Plant Project in Egypt
The Overseas Private Investment Corporation (OPIC), approved $87 million in financing to Lekela Egypt Wind Power BOO S.A.E. to support economic growth in Egypt through the development of critical power infrastructure.
Kenya unveils $47 million financing to provide solar solutions in marginalized counties
The Kenyan government has launched a $47 million facility) aimed at spurring the private sector to provide viable solar and clean cooking solutions to about 1.1 million people.
[South Africa] Sasol achieves beneficial operation of second Lake Charles chemicals project production facility
Sasol, an integrated energy and chemical company based in South Africa, announced beneficial operation of its new ethylene oxide (EO) production facility at its Lake Charles Chemicals Project (LCCP) in the US.
[Kenya] Azuri Technologies raises $26m to expand to new African markets
Azuri Technologies has raised $26 million led by Japan’s Marubeni Corporation with additional participation from existing shareholders, including IP Group plc.
BP to divest mature oil assets in Egypt to Dragon Oil
BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company.
Distributed Power Africa partners with EDF to deploy hybrid energy in Africa
Distributed Power Africa, a subsidiary of Econet Wireless Global, and EDF, a world leading electricity company, have partnered to jointly develop Commercial and Industrial, and hybrid energy solutions to the African market.
Greenlight Planet’s 24-inch Solar TV launch boosts media access among Kenya’s off-grid population
Greenlight Planet has released the latest addition to its Sun King Home 400 series, this time with a 24-inch solar powered television.
Congo Brazzaville and Rwanda partner with Russia for nuclear science and atomic energy
Russia and Congo have signed the intergovernmental agreement of the cooperation in the peaceful uses of atomic energy.
Globeleq completes acquisition of four South Africa renewable plants
Globeleq has completed the acquisition in South Africa of four renewable generation plants and the asset management company from an affiliate of Brookfield Asset Management.
[Kenya] KOKO launches liquid ethanol cooking fuel solution
KOKO Networks has announced the launch of a liquid ethanol cooking fuel solution in Kenya. Known as KOKO Fuel, the solution will be dispensed from “KOKOpoint” Smart Fuel ATMs located in 700 shops across the Nairobi.
[Ghana] National Lottery Authority partners with Nation Builders Corps to train youth on solar panels installation
Ghana’s National Lottery Authority (NLA) has joined forces with the Nation Builders Corps (NABCo) Secretariat to train graduates under the Solar Panels Installation and Maintenance project.
USTDA awards grant to OnePower Lesotho to develop 20MW solar power plant
The U.S. Trade and Development Agency has awarded a feasibility study grant to OnePower Lesotho Limited to develop a 20-megawatt (MW) solar photovoltaic power plant in western Lesotho.
Distributed Power Africa partners with EDF to deploy hybrid energy across the continent
Distributed Power Africa and EDF a global electricity company, have signed an agreement to jointly develop Commercial and Industrial (C&I) and hybrid energy solutions to the African market.
Shell Nigeria targets equivalent of 2,400mw electricity from new gas supply project
The ongoing Assa North/Ohaji South gas development project in Imo State, southeast Nigeria will produce 600 million standard cubic feet of gas per day.
[Ethiopia] African Development Bank's Sustainable Energy Fund approves $995,000 grant to spur renewable investments
The Sustainable Energy Fund for Africa has approved a $995,000 grant to support the roll out of a sustainable procurement framework for Independent Power Producers (IPPs) in Ethiopia.
BBOXX and Victron Energy to deliver pay-as-you-go solar solutions in DR Congo
BBOXX, a provider of off-grid solar home solutions for rural communities in Africa has entered into an agreement with Victron Energy to provide solar solutions to households across Democratic Republic of Congo.
OVO Foundation funds £1.75m electrification project in Kenya
OVO Foundation is expanding its energy access project in Kenya, electrifying over 300 schools and health clinics in the hardest-to-reach parts of Kenya.
[Tanzania] UNIDO partners with TIB Development Bank to bring clean cooking solutions to half a million households in Dar es Salaam
The United Nations Industrial Development Organization facilitated an agreement between the TIB Development Bank to roll-out 110,000 bioethanol cook stoves in Dar es Salaam.
International Energy Agency publishes new review of Morocco’s energy policies, lauds legal and fiscal reforms
The International Energy Agency has released the latest in-depth review of Morocco’s energy policies, welcoming the institutional, legal and fiscal reforms.
Total agrees with Occidental to contingent acquisition of Anadarko’s assets in Africa
Total announces that it has reached a binding agreement with Occidental to acquire Anadarko’s assets in Africa for a consideration of $ 8.8 billion.
UK invests over £64 million in Kenya’s solar, tech industries
More than £52 million of UK funding has been raised for solar power plant, creating up to 250 jobs in Kenya; £11 million investment by British business De La Rue to produce high-tech identity cards.
Aker Energy completes appraisal drilling campaign offshore Ghana, continues work on PDO
Aker Energy Ghana, as the operator of the Deepwater Tano Cape Three Points (DWT/CTP) block, announces that is has concluded its appraisal drilling campaign offshore Ghana.
African Development Fund approves $11.1 million for public finance reforms in Zambia
The African Development Fund approved $11.1 million to support Zambia’s public finance and economic management as part of efforts to restore fiscal stability and improve livelihoods in the middle-income Southern African nation.
UK invests in renewable energy in Somaliland to address high costs of electricity
The UK-funded Energy Security and Resource Efficiency in Somaliland (ESRES) programme is giving more people across Somaliland access to affordable, clean and renewable energy.
UNIDO, AECF partner to promote inclusive and sustainable industrial development in Africa
The United Nations Industrial Development Organization (UNIDO) and the Africa Enterprise Challenge Fund (AECF) signed a memorandum of understanding to promote inclusive and sustainable industrial development in Africa.
[South Sudan] Scatec Solar, IOM invest in solar power in Malakal
Scatec Solar is working with International Organization for Migration, IMO, to harness solar energy to power a significant part of its ongoing joint humanitarian operations in Malakal, South Sudan.
South Africa firms set to showcase their capabilities in the USA
A South African delegation from the steel and fabrication, engineering and services, electro technical and services, and oil and gas sectors are set to showcase their capabilities at the Offshore Technology Conference in the USA.
Mobisol’s insolvency puts spotlight on private companies electrifying rural Africa
Mobisol GmbH, the pioneer in solar-home systems for rural electrification with headquarters in Berlin, had to recently file for insolvency – technically speaking preliminary insolvency proceedings under self-administration.
SNV, TIB Development Bank ink deal to kick start solar markets in rural Tanzania
TIB Development Bank, and SNV have signed a Memorandum of Understanding with an aim of developing a market for solar products using Results-Based Financing (RBF) in Tanzania's rural lake and central zones.
[Egypt] GE Power upgrade of gas turbines boosts operations at West Damietta Power Plant
GE Power has announced the completion of Advanced Gas Path (AGP) upgrades on four 9E gas turbines at East Delta Electricity Production Company’s 1.5 gigawatts West Damietta Power Plant in Lower Egypt.
NAS Uganda launches eco-friendly vehicles at Entebbe International Airport
National Aviation Services (NAS) Uganda has joined the Civil Aviation Authority’s efforts to combat climate change and reduce greenhouse gas emissions by introducing electric forklifts and tractors into its operations.
African Legal Support Facility supports $200 million energy plant in Rwanda
The African Legal Support Facility has provided advisory services support to the Government of Rwanda for the negotiation of its deal with Symbion Power to develop a $200-million-dollar energy plant in Rwanda.
KawiSafi raises $70 million from Acumen to invest in energy projects in East Africa
Acumen, a non-profit organisation that invests philanthropic capital in companies and leaders tackling poverty, has announced an approximately $70m close of the for-profit fund, KawiSafi Ventures.
[Egypt] EETC, IFC to set up 700 megawatt solar plant west of Nile
The Egyptian Electricity Transmission Company (EETC) and the International Finance Corporation (IFC) have signed an agreement to set up a 700 megawatt solar power station in west of the Nile.
World Bank provides $200m towards electricity in West Africa, Sahel Region
The World Bank Group has approved $150m in the form of credit and grant, and $74.7m contingent recovery grant, to help expand off-grid access to electricity for populations in 19 countries in West Africa and the Sahel region.
Vivo Energy Uganda commissions Fuel & Lubes Management Systems
Vivo Energy Uganda has officially handed over a Fuel and Lubricants Management System to its commercial customers Markh Investments in Ntinda and Q3 Holdings in Bweyogerere.
UNDP, Sahara Group collaborate to promote renewable energy in Africa
The Sahara Group and UNDP are joining forces to promote reliable access to affordable and sustainable energy across Africa.
Arab Organization for Industrialization inks contract to establish $8 million solar energy station in Eritrea
Arab Organization for Industrialization as signed a contract to establish a solar energy station in Eritrea with a total cost of $8 million.
First tranche of the 400 megawatts Benban Solar Power Plant in Egypt starts operation
The first tranche of the 400MW Benban solar power plant project in Egypt - 65 MW – has been connected to the grid and officially entered commercial operations.
Akon Lighting partners with Group A MondoBrain to provide accurate and sustainable energy solutions in Africa
Akon has announced the signing of a formal partnership between Akon Lighting America (ALA) and Artificial Intelligence-solutions provider, Group A MondoBrain.
[Kenya] Oserian flower farm blazes the trail in renewable energy
Kenya’s largest grower of rose flowers, Oserian Development company, has been recognized as the renewable energy champion further boosting its goal of creating a carbon-free environment by 2020.
Rendeavour rolls out 30 MW solar strategy in Kenya
Rendeavour has installed its first solar power plant in Kenya, as part of a 30 MW strategy for Tatu City, the company's new city development in Nairobi.
Daystar Power receives $10 million for expansion of solar power operations in West Africa
Daystar Power has closed a $10 million investment with Verod Capital Management and Persistent Energy Capital LLC to accelerate its expansion across West Africa.
GE Power releases whitepaper on cheaper, cleaner, faster gas turbine technology in Africa
GE Power’s Gas Power Systems business has unveiled a whitepaper focused on gas turbine technology that can ensure a cleaner and safer operation while accommodating a high penetration of renewable energy sources.
Aker Energy announces $4.5 million capacity-building support in Ghana
Aker Energy has pledged $4.5 million in support for the Accelerated Oil and Gas Capacity-Building (AOGC) programme in Ghana.
NDB ramps up operations in South Africa, supporting sustainable infrastructure development
In line with its mandate of mobilizing resources for infrastructure and sustainable development projects, the New Development Bank (NDB) is ramping up operations in South Africa and strengthening its project pipeline in the country.
[South Africa] New Development Bank outlines ambitious plans to boost loans, increase investment impact
The New Development Bank plans to almost double its loan book to USD 16 billion this year and increase its impact, as it seeks to broaden its global development partnerships.
New revolutionary Shell fuels launch in Morocco
Vivo Energy Morocco and Butagaz brand Liquefied Petroleum Gas have announced the launch of the new generation of Shell fuels.
GE signs agreements to boost energy access in Benin and Cote d’Ivoire
GE Renewable Energy’s Grid Solutions business has signed two deals to build energy systems in Benin and upgrade three substations in Cote d’Ivoire.
Siemens and Ethiopia government partner to address energy and infrastructure challenges
Siemens and Ethiopia have signed an MOU with the Federal Democratic Republic of Ethiopia to support the government’s objective of becoming a low middle-income country by 2025.
[Mauritius] AfDB power station renovation improves energy production, air quality
The refurbishment of the old Saint Louis power station by the African Development Bank (AfDB) has brought a breath of fresh air to those working at and living in the north west of Mauritius.
Chariot Oil & Gas awarded 75% interest in Lixus Offshore Licence, Morocco
Chariot Oil & Gas has announced that it has been awarded a 75% interest and operatorship of the Lixus Offshore Licence in Morocco.
[Angola] Total launches full-field production on Kaombo with the start-up of the second FPSO
Total has started up production on Kaombo Sul, the second Floating Production Storage and Offloading (FPSO) unit of the Kaombo project, located on Block 32, 260 kilometers off the coast of Luanda, Angola.
World Bank invests $148 million to increase access to electricity in five Mozambique provinces
The World Bank has approved an $82 million grant to increase access to electricity in five of the poorest provinces of Mozambique.
IFC, Ministry of Petroleum and Mineral Resources boosts critical energy infrastructure in Egypt
IFC announced a joint effort with Egypt’s Ministry of Petroleum and Mineral Resources that aims to support Egypt in becoming a regional energy hub for Eastern Mediterranean and improve its energy infrastructure.
ENGIE inaugurates first mini-grid in Zambia and accelerates its electrification efforts in Africa
French multinational utility company ENGIE has inaugurated its first PowerCorner in the Zambian village of Chitandika.
Eskom secures $180 million loan to expand South Africa’s clean energy pursuit
South African electricity public utility Eskom has secured a $180 million loan, which will be used to expand the country’s renewable energy efforts.
USTDA supports new U.S. company partnership to bring solar systems to Ghana
The USTDA announced a grant supporting a feasibility study for solar systems that will bring to clean power to thousands of people in Ghana.
[South Africa] DBSA and NDB partner to facilitate energy sector development
The Development Bank of Southern Africa (DBSA) and New Development Bank (NDB) have signed a loan agreement for Greenhouse Gas Emissions Reduction and Energy Sector Development Project.
[South Africa] Fuel price hikes due to current local and international factors
South Africa fuel consumers will have to dig deeper into their pockets to buy the commodity as the Minister for Energy announced the adjustment of fuel prices based on current local and international factors, with effect from 3 April 2019.
General Electric appoints Sulemana Abubakar as Ghana CEO
General Electric has announced the appointment of Sulemana Abubakar (Abu) as the Chief Executive Officer for GE Ghana.
AfDB approves $20 million facility for Green Mini-Grid Program in DRC
The AfDB Board has approved the allocation of $20 million in loans to the Democratic Republic of Congo, to support renewable-based mini-grid solutions to the off-grid cities of Isiro, Bumba and Genema.
PEG Africa raises $25m to accelerate off-grid solar expansion in West Africa
PEG Africa, a West Africa-based pay-as-you-go (PAYG) solar company, has raised a US$25 million Series C funding round, taking its funding total to US$50 million.
[Kenya] Central Bank Rate retains at 9.00 percent, MPC survey
The Monetary Policy Committee retained the Central Bank Rate at 9.00 percent as at March 27, 2019.
Winch Energy announces new investment from AlGihaz Holding Saudi Arabia to grow portfolio
Off-grid utilities provider Winch Energy, has announced a new investment from renowned Saudi Arabian power solutions group, AlGihaz Holding.
Africa Energy announces 3D seismic program offshore South Africa
Africa Energy has announced the start of a new 3D marine seismic acquisition program over the Paddavissie Fairway on Block 11B/12B offshore South Africa.
Egypt, Denmark collaborate to develop clean power in country
Egypt is working with the Danish Energy Agency to develop more renewable energy in the North African country.
Kenya Power increases capacity for meter testing equipment to enhance service delivery
Kenya Power has acquired two new single phase meter test benches of 40 positions each in a bid to enhance the capacity for testing and deployment of meters to its customers.
OPIC advances first financing solar project in Chad
OPIC, the U.S. Government’s development finance institution, has committed $10 million to support the introduction of off-grid solar kits and appliances in Chad.
Eni announces major oil discovery in Angola
Eni has announced a major oil discovery in Block 15/06 in the Agogo exploration prospect in Angola’s deep water, estimated to contain between 450 and 650 million barrels of light oil in place with further upside.
Eni farms out to Qatar 30% stake participating interest in Morocco exploration blocks
Eni and Qatar Petroleum have signed a farm out agreement to enable Qatar Petroleum acquire a 30% participating interest in 12 exploration blocks in the offshore of Morocco.
Winch Energy to electrify 24 villages in Sierra Leone through solar mini-grids
Winch Energy has signed a contract with the Ministry of Energy in Sierra Leone to provide electricity to 24 towns and villages in northern Sierra Leone through solar mini-grids.
Qatar Petroleum enters into Eni’s new exploration block in Mozambique
Qatar Petroleum has entered into an agreement with Eni to acquire a 25.5% participating interest in block A5A, located in the Angoche basin, offshore the Republic of Mozambique.
Rwanda government secures $20 million from BADEA to increase electricity supply in two districts
The Government of Rwanda and The Arab Bank for Economic Development in Africa have signed a concessional loan agreement worth 20 million to finance rural electrification project.
Aker Energy announces successful drilling results in Pecan well offshore Ghana
Aker Energy, as the operator of the Deepwater Tano Cape Three Points block, announced that it encountered oil in the Pecan South-1A well offshore Ghana.
[Nigeria] PAT Limited signs $20 million infrastructure deal with Watt Renewable Corp
Nigerian firm Pan African Towers (PAT) Limited has signed a $20 million infrastructure investment deal with Canadian firm, Watt Renewable Corporation.
[Nigeria] NNPC to build additional Independent Power Plants in Abuja, Kaduna and Kano
The Nigerian National Petroleum Corporation has expressed its preparedness to build additional Independent Power Plants in Abuja, Kaduna and Kano which is expected to add 4,0000 megawatts of power to stabilize the national grid.
Vivo Energy concludes transaction with Engen, expands Africa network from 15-23 countries
Vivo Energy has announced its conclusion with Engen Holdings transaction, leading to expansion of its service station network to 8 new countries in Africa.
Improved distribution, rising demand deepen renewable energy uptake in SADC region, report
The Southern African Development Community (SADC) region is seeing a significant increase in the number and quality of its renewable energy and energy efficiency policies, according to a new status report.
Barry Callebaut picks Redavia to establish solar farm at the Ghana cocoa factory
Barry Callebaut, the world's manufacturer of chocolate and cocoa products, has selected solar company REDAVIA to establish a solar farm at their factory in Tema, Ghana.
Winch Energy appoints Olga Johnson as Ambassador for Africa
Leading off-grid utilities provider Winch Energy, has appointed highly respected African energy expert Mrs. Olga Johnson as an Ambassador for Africa.
Eni Angola renews partnership with HALO Trust
Eni Angola, representing Sonangol - Concessionaire and the partners of Block 15/06 - Sonangol P&P and SSI, signed a new donation contract with HALO Trust in support of the demining activity in the country.
AfDB set to provide continuous electricity supply to 1 million households in East Africa
Inhabitants of Kenya,Tanzania, Uganda and Ethiopia will enjoy uninterrupted supply of electricity with the upcoming commissioning of a power transmission line to interconnect Kenya and Ethiopia, powered by the AfDB.
African Development Bank starts electricity cooperative feasibility studies in Nigeria and Ethiopia
The African Development Bank has kicked off a feasibility study to explore the potential of electricity cooperative business models in Nigeria and Ethiopia.
Nigeria, India pledge deeper collaboration on Energy Sector
Nigeria and the Republic of India have pledged to work more closely to enhance energy security of both countries.
Azuri and FirstBank partner to bring solar to millions and deepen financial inclusion in Nigeria
Azuri and First Bank of Nigeria Limited have announced a unique partnership that will help deepen financial inclusion in Nigeria while bringing affordable, reliable and clean power to millions of Nigerians.
Africa50 Signs agreement with the Republic of Congo for the extension of national power plant
Africa50 has signed a Memorandum of Understanding with the government of the Republic of Congo to structure and mobilize financing for the expansion of one of its gas-fired power plants.
ENGIE starts operations at one of South Africa’s largest renewable energy projects
Electricity utility company has started commercial operation at the 100 MW Kathu Solar Park in South Africa.
[South Africa] Eskom concludes $1 billion loan facility agreement with local and international banks
South Africa's power utility company Eskom has concluded a R15 billion loan facility, approximately $1.1 billion, with a consortium of local and international banks.
[Kenya] M-KOPA named among top 100 global green companies by the Cleantech Group
The 2019 Global Cleantech 100 recognized M-KOPA for pioneering and building one of the world’s most advanced pay-as-you-go platforms – unlocking solar, information, technology and finance to upgrade millions of lives across Africa.
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