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 has reinforced its presence in the Ivorian market with the opening of a new Shell station in TAABO.
Kampala-based off-grid solar company SolarNow has closed largest-yet receivables financing facility with SunFunder, Oikocredit and responsAbility
Financial close of the €1.26 billion Nachtigal hydro power plant to be built in Cameroon has been achieved.
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.
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, 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.
The sectors are revving up to keep up momentum as the 2019 opens new doors for Nigeria’s stride toward economic balance.
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.
To further address the needs of its clients, global consulting firm Protiviti has unveiled a new member firm in Cairo, Egypt.
Greenlight Planet, a global provider of solar home energy products, has successfully delivered clean energy access to more than two million individuals in Nigeria.
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.
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.
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 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.
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.
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.
Fairfax Africa Holdings Corporation has acquired 178,995,353 ordinary shares of Consolidated Infrastructure Group Limited at a price of ZAR4.00 per share.
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 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.
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.
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.
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’s power generating company Eskom has concluded the Section 189 process for its top executive structure, reducing the number of positions in the organisation.
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 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.
Kipeto Energy Ltd has announced it has reached financial close following the acquisition by leading growth markets investor Actis.
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.
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.
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 has announced collaboration with ECOHZ to empower local women and support communities in Morocco.
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 is looking at investing $700m to make the energy transformation a reality by 2030.
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.
Special Ice, a manufacturing company in the beverage industry in Ghana, has chosen REDAVIA, to establish its first solar farm in Ghana.
A new report has highlighted the impact of a project implemented by the United Nations Industrial Development Organization.
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.
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.
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.
The Kenyan government has launched the Kenya National Electrification Strategy (KNES).
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.
Africa50, the pan-African infrastructure investment platform, has acquired 15 per cent of the equity stake in the Nachtigal Hydro Power Company.
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.
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.
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.
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
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.
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 is investing in the Nachtigal Hydro Power Company in Cameroon.
Since launching a year ago, the Regional Liquidity Support Facility (RLSF) has signed agreements with five countries.
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.
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.
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.
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, a next generation utility platform, has unveiled its vision of a typical 2020s rural dwelling in the developing world.
The European Investment Bank has announced its strong support for the construction of a 420-MW hydropower project in Cameroon.
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.
The Energy Security Policy Framework recently launched will help East African countries to tackle the increasing energy insecurity affecting the region.
Rwanda and World Bank have signed a $ 125 million Development Policy Operation credit agreement to support a fiscally sustainable expansion of electricity services.
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.
Economic growth and development of many COMESA countries remain constrained due to inadequate energy infrastructure.
The growing appetite for energy in Africa despite unreliable hydro power has birthed renewable energy renaissance.
African countries have been pushing for an open skies agreement to make intra Africa trade and movement cheaper and faster.
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.
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.
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.
The African Development Bank launched the Africa Energy Portal (AEP) at the Africa Investment Forum in Johannesburg last Friday.
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.
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.
Azuri Technologies and APA Insurance have announced the launch of HospiCash, a low-cost micro-insurance product for Azuri solar power customers across Kenya.
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.
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 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'.
The number of enterprises have doubled in the village of Gitaraga, Rwanda, since MeshPower’s solar mini-grid was set up last May.
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.
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.
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, 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 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.
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.
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.
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 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 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’ 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.
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, 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 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.
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.
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.
Solar technology company REDAVIA and the responsAbility-managed climate fund have signed a financing agreement for REDAVIA's Ghanaian subsidiary.
UNICEF, in collaboration with Kilifi and Garissa counties, have recruited Energy 4 Impact in an institutional advisory capacity to support the implementation of Kenya’s Energy and Cash Plus pilot project.
Even as Kenya continues to seal loopholes of money laundering and illicit flows, details are emerging that the country is experiencing sophisticated forms of tax evasion.
Private Equity Funds managed by Blackstone has announced a partnership with an experienced management team, to create Zarou, a company fully owned by Blackstone.
The possibility of free trade within Africa is an ongoing one, to which several African countries have pledged their support and signed their agreements. Though Nigeria has shown caution in joining The Agreement, its one champion is Aliko Dangote, Nigerian industrialist and wealthiest African.