Dutch development finance institution MO has provided a $15 million and $5 million senior term loan to Wat Credit Kenya and Wat Credit Uganda, respectively.
Low-carbon investments to rise by $60b in 2023 as inflation weakens, hydrogen and CCUS spending to surge, Rystad Energy
Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments but helped by a significant rise in funding for hydrogen and CCUS infrastructure, Rystad Energy research shows.
Proparco and Investec Bank (Investec) are collaborating to implement the Transforming Financial Systems for Climate (TFSC) programme in South Africa. The package comprises a senior credit facility of $80 million and a technical assistance programme.
Following an agreement forged during the Namibian International Energy Conference in 2022, a youth training initiative launched by Namibia and Equatorial Guinea has set the tone for an ambitious local content drive that will position Namibia as a competitive hydrocarbon producer.
91 % de la population ivoirienne interrogée estiment que les changements climatiques ont déjà des répercussions sur leur quotidien.
[EIB]:Une nouvelle étude confirme l’extraordinaire potentiel de l’Afrique dans le domaine de l’hydrogène vert
La Banque européenne d’investissement, l’Alliance solaire internationale et l’Union africaine dévoilent une étude sur le potentiel de l’Afrique en matière d’hydrogène vert, avec le soutien de l’État mauritanien, d’HyDeal et de CGLU Afrique
Exploring new opportunities for financing energy projects in Africa, the African Energy Chamber will host a special New Year reception at the Waldorf Hilton in London, which will support European investment opportunities across the continent and drive economic growth and socioeconomic development.
Eni a annoncé le lancement d'une deuxième installation flottante de gaz naturel liquéfié au large de la République du Congo, dans le but d'accroître la production et les exportations de GNL du pays.
Harnessing Africa’s solar energy to produce 50 million tons of green hydrogen a year by 2035 can help secure global energy supply, create jobs, decarbonize heavy industry, enhance global competitiveness and transform access to clean water.
At the U.S.-Africa Business Forum, U.S. International Development Finance Corporation (DFC) announced active commitments across Africa totaling more than $11 billion. This includes $369 million of new active commitments announced as part of the U.S.-Africa Leaders Summit.
African Business Roundtable organise un événement en marge de la COP27 pour les objectifs climatiques de l'Afrique
À l'occasion de la 27eme Conférence des parties des Nations unies sur le changement climatique (COP27) qui s'est tenue à Sharm El Sheikh,Égypte, l'African Business Roundtable a organisé un événement parallèle le jeudi 10 novembre 2022, au pavillon nigérien.
On the occasion of the 27th United Nations Conference of Parties on Climate Change (COP27) that took place in Sharm El Sheihk, Egypt, the African Business Roundtable organised a side event on Thursday, 10 November, 2022, at the Nigerian Pavilion.
A bulk of East African countries’ electricity comes from renewables. Yet the region’s transport sector relies entirely on imported petroleum fuels.
The plan targets improving network energy efficiency through the increase of green power usage to replace traditional fossil fuel power.
Standard Bank Group, of which Stanbic Bank Zambia is a member, has stated that R50 billion has been set aside for renewable energy projects over the next three-years across all its operating regions.
The OPEC Fund for International Development and the African Development Bank Group (AfDB) have expanded their partnership with a Memorandum of Understanding (MoU) signed at the UN Climate Conference COP27 in Sharm El-Sheikh, Egypt.
[Column] NJ Ayuk: How Africa can capitalize on its mineral wealth to develop an electric vehicle value chain
As the entire global transportation marketplace marches toward an increasingly electrified and battery-powered future, many countries across the African continent stand at the threshold of profound economic opportunity.
Le Ministère de l’Economie, du Plan et de la Coopération et l’Agence française de développement (AFD) ont signé une convention de financement visant à améliorer l’accès à l’électricité dans les concessions d’électrification rurale de la Senelec de Matam et de Ziguinchor, pour un montant de 30 millions d’euros (19,5 milliards FCFA).
African Export-Import Bank (Afreximbank) has announced a historic lending arrangement to Botswana, in the form of a three-year Country Programme of up to US$1.5 billion(on a net basis), with funding for up to seven years for eligible transactions.
ATC Africa and PowerX announced a strategic partnership that will bring the significant efficiency and environmental benefits of PowerX’s artificial intelligence (AI) solutions to Africa’s telecommunications industry.
Tlou Energy announced it has raised $1.3 million via placement, for the development of its Lesedi Power Project including construction of substations to connect to the existing electricity grid in Botswana.
Africa Energy Week 2022 ends on a progressive note with a partnership between Nigerian Energy Accelerator, Moneda Invest Africa and National Oil Company of Namibia [Namcor] on local content development and energy financing.
British International Investment to invest in clean energy and back inclusive economic growth in South Africa
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, launched its new name at a business reception in Johannesburg and reaffirmed its commitment to invest to accelerate South Africa’s economic dynamism.
FSD Africa announced the appointment of Arunma Oteh, a seasoned business leader, to the Board of Directors to support the organisation’s work to strengthen and deepen Africa’s financial markets, particularly in the area of green finance.
The link supplies up to 1,000 megawatts of emission-free electricity from the Inga Falls hydropower plant in the far west of the country to the Kolwezi mining region in the south.
U.S. International Development Finance Corporation (DFC) approved 62 new transactions this quarter totaling more than $2.3 billion of investment to help solve some of the world’s greatest development challenges.
This was the message from several delegates to the VIP and Ministerial Symposium of this year’s Africa Oil Week conference running from 3 to 7 October, at the CTICC.While there is consensus on the need for low-carbon energy, the new energy mix must also support Africa’s social development and the upliftment of its people.
Italy’s CDP agrees debut EUR 100 million loan for Africa Finance Corporation to support transition in Africa
The Italian development finance institution Cassa Depositi e Prestiti SpA (CDP) has agreed a debut 100 million euro loan for Africa Finance Corporation (AFC) to facilitate investments in renewable power, energy efficient projects and climate-resilient infrastructure.
Merger and acquisition (M&A) deals across Africa’s oil and gas upstream sector in 2022 have reached a new record with $21 billion worth of deals having being announced in the past nine months, following a decline since the onset of the COVID-19 pandemic in 2020, according to a new study released by market intelligence company, Rystad Energy.
Amid rising urgency for instruments to de-risk investment across Africa, the Africa Co-Guarantee Platform’s (CGP) six partners have affirmed commitments to better leverage guarantee and insurance products, resulting in more trade and investment across Africa.
Electric bus manufacturers are always trying to improve efficiency and increase the range of their vehicles.
La startup d’e-mobilité M Auto "devient la plus grande entreprise de véhicules électriques en Afrique"
M Auto est une alternative à moindre coût aux véhicules thermiques qui est à la fois plus accessible grâce au modèle "pay as you go" ou "rent to own" (louer pour devenir propriétaire) et moins cher à long terme qu'une moto thermique
The African Development Bank (AfDB), announced it has issued a 200 million South African rand (ZAR) 1-year Green Bond due September 2023. The bond, which pays a coupon of 6.90%, was arranged by Daiwa Capital Markets Europe.
The EBRD and donors are enabling Abou Ghaly Motors (AGM), a leading transport provider in Egypt, to purchase 250 range-extended electric vehicles (REEVs) for its taxi services, in a boost for the development of the country’s e-mobility sector.
RUBiS Energy Rwanda has launched UltraTec advanced fuel technology, an additivized fuel that contains high-performance additives that increase power and fuel economy at no extra cost.
Scatec and the Botswana Power Corporation (BPC) have signed a binding 25-year power purchase agreement (PPA) for the construction of a solar PV facility with a contracted capacity of 50 megawatt at Selebi Phikwe.
Le potentiel énergétique mixte de la Mauritanie mis en évidence au salon MSGBC Oil, Gas & Power 2022
Mauritanie détient le record de la plus grande production d’énergie renouvelable par habitant de tous les pays du MSGBC, avec un potentiel estimé à 457,9 GW d’énergie solaire et 47 GW d’énergie éolienne.
The main issues addressed were the production of natural gas and LNG export, areas in which Egypt has acquired a central role in the Mediterranean since Eni’s discovery of Zohr. The company is committed to supporting gas production increase.
A delegation led by Hon. Minister Tom Alweendo is currently in Equatorial Guinea, meeting with high-level industry executives and touring the country’s liquefied natural gas facilities.
The National Petroleum Corporation of Namibia will attend AEW 2022 as a platinum sponsor, shaping discussions around making energy poverty history on the back of oil, gas and green hydrogen.
The NOC Chairman, Farhat Omar Bengdara, along with a delegation of NOC’s senior executives, met Eni’s CEO Claudio Descalzi, to discuss Eni's activity in the country and strategic projects.
Sasol delivered a strong set of financial results against the backdrop of increased volatility resulting from ongoing geopolitical tensions, extended COVID-19 lockdowns and global supply chain disruptions.
The IoT project is fully aligned with the National Development Programme of the Republic of Kenya as outlined in the Kenya Vision 2030 as well as with the Sustainable Development Goals (SDGs), and especially SDG7 on affordable and clean energy as well as SDG 9 on industry, innovation, and infrastructure.
Vice-ministre russe de l’énergie discute du marché du pétrole et du gaz avec la Chambre Africaine de l’énergie
La Chambre africaine de l’énergie a rencontré Pavel Sorokin, premier vice-ministre de l’énergie de la Fédération de Russie, pour discuter de la collaboration énergétique Russie-Afrique et de l’éradication de la pauvreté énergétique en Afrique d’ici 2030.
Russian Deputy Energy Minister Discusses Oil and Gas Market and Energy Transition with African Energy Chamber
The African Energy Chamber met with Pavel Sorokin, First Deputy Minister of Energy of the Russian Federation, to discuss Russia-Africa energy collaboration and making energy poverty history in Africa by 2030.
It is an exciting time for E&P projects in Africa, but in common with global developments they face a series of challenges that need to be addressed to deliver the anticipated results
Mima Nedelcovych est fondateur et président d'AfricaGlobal Schaffer, une société de conseil stratégique spécialisée dans le développement de projets, le financement de projets, la facilitation du commerce et les partenariats public-privé dans les pays en développement, et plus particulièrement en Afrique.
Dr. Mima Nedelcovych is the Founder and Chairman of AfricaGlobal Schaffer, a strategic consulting firm focused on project development, project finance, trade facilitation, and public-private partnerships in developing countries, with a particular focus on Africa.
Global financiers and both public and private sector executives meet in Dakar for the MSGBC Oil, Gas & Power conference, Energy Capital & Power (ECP) is proud to announce that it has partnered with multinational energy market research firm Rystad Energy for the regionally focused event.
Proprietary technologies and innovation are a strategic and competitive business lever for Eni, as well as a fundamental pillar of its strategic transformation which aims to achieve carbon neutrality by 2050, according to the principles of the United Nations 2030 Agenda and the objectives of the Paris Agreement on climate.
[Guinée] 66 millions de dollars de la Banque Africaine de Développement pour étendre l’accès à l’électricité
Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé un appui financier de 66,39 millions de dollars américains en faveur de la Guinée.
Accelerating the transition to energy efficiency and conservation is one of the surest ways of securing the future of our planet for generations to come. This is because, energy is at the heart of climate change.
Baker Hughes and Petrosafe, a subsidiary of the Egyptian General Petroleum Corporation (EGPC), announced a contract that will mark the first deployment of Baker Hughes’ flare.IQ technology in refinery operations in Egypt.
Among the key interventions proposed in the strategy is the creation of new forms of sustainable bioenergy, and the conversion of waste materials to useful products.
La Côte d'Ivoire a reçu un prêt équivalent à 283 millions de $ de la Banque Mondiale afin d'attirer des investissements pour soutenir le passage à une énergie plus propre.
Nigeria’s inflation as of the month of May stood at 17.71%, but economists are now predicting just a month later a new figure we can expect at the end of this year.
The British International Investment (BII), is joining Norfund, the Norwegian Investment Fund for developing countries, in its joint venture with Scatec ASA to provide capital for Africa’s hydropower sector.
Operator-friendly policies have positioned Senegal and Mauritania natural gas industries for success
After Mauritania and Senegal signed the inter-governmental cooperation agreement in 2018 that allowed partners Kosmos Energy, BP, and their partners to proceed with the deepwater Tortue natural field project in the Ahmeyim basin, Kosmos Chairman and CEO Andrew Inglis praised both countries’ leaders.
Saudi Alfanar global development to invest SAR 2bln in Egypt with the focus on localization of technology for renewable energy, and implementation of IT projects, digital solutions, data centers and cybersecurity
The infrastructure of Nigeria is such that for meaningful progress to be made, there must be give-and-take on the parts of the government and the people.
Italian energy major Eni has announced first gas to the Coral-Sul Floating Liquefied Natural Gas (FLNG) facility from the Coral South Field located in Area 4 of the Rovuma Basin offshore Mozambique.
IFC renforce son partenariat avec Sodigaz pour élargir l’accès à des solutions d’énergie propres au Burkina Faso
Afin de promouvoir l'accès à des sources d'énergie plus fiables et propres au Burkina Faso, notamment dans les zones rurales, IFC a annoncé un financement en francs CFA en faveur de Sodigaz, une société leader dans le pays dans la distribution d'énergie.
Mitsubishi Power signed a full turnkey contract with leading Egyptian O&G Company Alexandria National Refining & Petrochemicals Company (ANRPC) to provide advanced hydrogen fuel conversion technology solutions, supporting the company to achieve its decarbonization goals.
AfricArena, the African series of tech events, announced a partnership with FMO Ventures Program, the Rise Open Innovation Challenge, which focuses on accelerating the growth of startups looking to improve the state of Africa.
Angola’s national oil company (NOC) Sonangol has conveyed interest in collaborating with the Nigerian National Petroleum Corporation (NNPC) to advance Angola’s downstream sector.
MIGA has issued guarantees to Azura CTRG Holdings of Mauritius (Azura) to cover up to $149.85 million for equity into and loans to Central Termica de Ressano Garcia (CTRG) for a period of approximately 13 years.
The Egyptian government and Italian multinational oil and gas company, Eni, have embarked on developing a $25 million, multi-phased carbon capture and storage project that aims to dramatically reduce carbon dioxide emissions.
SONATRACH and Eni signed a Memorandum of Understanding (MoU), aimed at accelerating the development of gas fields in Algeria and decarbonisation via green hydrogen.
A landmark new agreement between IFC and Averda International, one of the largest privately owned integrated waste management companies in the Middle East and Africa, is helping to bring innovative waste solutions to emerging markets in the two regions.
La Banque africaine de développement, MASEN et RES4Africa ont convenu d'unir leurs forces dans le cadre d'un programme de formation dédié à l'énergie solaire en 2022, afin de favoriser l'adoption de l'énergie solaire dans cinq pays du Sahel.
Afreximbank has signed an Agreement with the African Petroleum Producers Organization according to which both parties will collaborate on the establishment of an African Energy Transition Bank in support of an Africa-led energy transition strategy.
Six African countries have joined forces to launch the Africa Green Hydrogen Alliance to collectively scale-up investment and development across the continent’s burgeoning green hydrogen landscape.
Oil and Gas has been a pillar supporting the Nigerian economy for a very long time. Rich in this natural resource, Nigeria may be guilty of neglecting other promising sectors, like Agriculture and even Insurance.
GET.invest Burund aiming to respond to the country’s need for affordable, reliable and clean access to energy services alongside its regional partners.
As South Africa experienced Stage 4 load-shedding last week, state-owned utility Eskom announced plans to issue a request for proposals (RFP) for the supply of gas to the Ankerlig and Gourikwa open-cycle gas turbine (OCGT) power stations in the Western Cape province.
IFC, Equity Group expand partnership to support small business lending, climate-smart projects across Eastern and Central Africa
IFC and Equity Group are expanding their partnership to support the sustainable development of Africa by increasing access to financial services for small businesses and funding for green projects in six countries across Eastern and Central Africa.
The African Development Bank approved $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa.
The African Development Bank approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania.
Bamboo Capital Partners has been appointed by the Government of Madagascar and the World Bank as the international fund manager for the Off-Grid Market Development Fund, a $40 million renewable energy access fund.
The Kenya Bankers Association (KBA) and the Kenya Climate Innovation Centre (KCIC) signed a Memorandum of Understanding aimed at advancing the green finance agenda in Kenya.
Bboxx, a next generation utility, has secured a $4 million loan from the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI OGEF), a debt fund managed by Lion’s Head Global Partners (LHGP), to accelerate Bboxx’s operations in the DRC.
The Development Bank of Southern Africa (DBSA), announced the launch of its first €200 million green bond.
Global investors welcomed the West African Development Bank’s first bond issue with sustainable development objectives (Sustainability Bonds).
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are supporting green investments by the private sector to strengthen Morocco’s economic recovery.
CDC Group, UK’s development finance institution and impact investor, announced a joint commitment of $90 million in partnership with leading investors, to Greenlight Planet.
The World Bank approved $150 million in financing to improve access to modern energy for households, enterprises, and public institutions in Rwanda and to enhance the efficiency of electricity services.
The U.S. International Development Finance Corporation (DFC) approved investments this quarter totaling more than $2.5 billion across nine projects that will advance development in Africa, Latin America, and emerging markets across the globe.
IFC announced a loan to FirstRand Bank to enable increased financial and advisory support to energy-efficient and water-smart projects in South Africa, helping the country meet climate emission and other environmental targets.
US based renewable energy company, Montauk Renewables, listed on the Johannesburg Stock Exchange’s (JSE) Main Board, making this the first company listing for 2021.
The World Bank approved a $50 million grant from the International Development Association (IDA) to improve access to electricity in Sierra Leone and enhance institutional capacity and commercial management of the sector.
The European Investment Bank has confirmed EUR 38.5 million of new financial and technical support to transform renewable power generation in Burkina Faso and better protect its capital city from future flooding.
Through a new initiative, IFC will work with financial institutions in four countries to mobilize private sector financing for climate mitigation and adaptation projects and help align financial-sector strategies with the targets of the Paris Climate Agreement.
Reconstruction of road and rail links in the Madagascan capital Antananarivo will be accelerated following the disbursement of €16.4 million by the European Investment Bank.
IFC and Nedbank have partnered to increase financing for renewable energy projects in South Africa, helping the country transition to cleaner forms of power, reduce greenhouse gas emissions, and create jobs in the renewables sector.
The Rockefeller Foundation and U.S. International Development Finance Corporation (DFC) signed a Memorandum of Understanding (MOU) to work to end energy poverty by promoting investment in Distributed Renewable Energy around the world.
The African Development Bank (AfDB) announced $90 million in new donor commitments for the Sustainable Energy Fund for Africa (SEFA).
African Infrastructure Investment Managers (AIIM), Africa infrastructure-focused private equity fund managers, has successfully completed a capital increase of $80 million for its flagship pan-African infrastructure fund, AIIF3.
The Africa Enterprise Challenge Fund (AECF) launched a $ 8.5 million grant facility to support adoption and diversification of renewable energy solutions in the Somalia and Somaliland.
The European Bank for Reconstruction and Development (EBRD) is promoting the expansion of renewable energy in Egypt by supporting one of the first green private-to-private projects in the country, with an initial $4.2 million loan to TAQA PV for Solar Energy.
The World Bank announced an ambitious target for 35% of its financing to have climate co-benefits, on average, over the next five years. It replaces an earlier target of reaching 28% by 2020, which was in place over the last 5 years.