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Amethis announce an investment in Energy Transfo
Amethis is pleased to announce that it has acquired a minority stake in Energy Transfo, a major player in the design and manufacture of solutions for the electricity and renewable energy sectors in Morocco.
Vodacom, Eskom sign first virtual wheeling agreement
In addition to adding capacity to the nation’s power grid, this agreement - a Vodacom innovation which has been co-developed with Eskom - will also play a significant role in moving Vodacom closer to its goal of sourcing 100% of its electricity demand from renewable energy sources by 2025.
USAID announces $35 Million to support African Climate Leadership
The U.S. Agency for International Development announced a suite of investments and initiatives to support climate action in Africa as part of this week’s Africa Climate Summit in Nairobi, Kenya.
[Happening Now] IEA jointly with AfDB are launching Report on Financing Clean Energy in Africa- ACS23
The International Energy Agency (IA) and the African Development Bank Group (AfDB) are jointly launching a report on Financing Clean Energy in Africa.
[Column] Mansoor Hamayun: How climate change will affect your financial resilience
Whether or not the sun shines today, the wind blows, or the heavens open – should that affect your ability to borrow money or pay it back? Your ability to access entirely essential services like electricity? Water? Your mobile phone?
IFC invests $11.5 billion for Africa’s green transition and job creation
IFC made $11.5 billion in investments between July 1, 2022, and June 30, 2023, across 40 countries, the largest ever annual commitment for the continent.
ACWA Power signs deal with NREA for 10 gigawatts wind project in Egypt
ACWA Power, a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a player in energy transition, has signed a memorandum of understanding (MoU) with the New and Renewable Energy Authority (NREA) to allocate land for a 10 GW wind project in Egypt.
Spiro signe un accord de $63 millions pour accélérer le déploiement des moto électriques
Un prêt de 63 millions de dollars US avec la Société Générale et GuarantCo pour accélérer le déploiement de ses deux-roues électriques.
Le Sénégal recevra 50 millions EUR d’Africa Finance Corporation pour stimuler le secteur pétrolier et gazier
L’investissement d’AFC dans le champ pétrolier Sangomar sera utilisé pour soutenir la première phase du lancement de la production de pétrole, un jalon clé dans la promotion du secteur des hydrocarbures du pays
[Column] Wayne Glossop: Gas power solutions for South Africa
While to date our society has been heavily reliant on coal, it's not able to keep pace with the energy and environmental aspirations of the nation currently.
Verdant Capital Hybrid Fund completes a USD 7 million dual-tranche investment in Mogo Kenya
The investment will help provide thousands of self-employed entrepreneurs operating as motorbike and tuk-tuk taxi riders or courier or delivery drivers in Kenya with greater economic empowerment and asset ownership opportunities.
TDB, consortium of lenders to broaden access to finance for off-grid solar in Kenya
The Eastern and Southern African Trade and Development Bank (TDB) is participating in a first-of-its-kind, bank-led and entirely Kenyan-Shilling-denominated $130 million sustainable securitisation transaction.
WFP and Coca-Cola Foundation to promote sustainable agriculture and green energy in Egypt
The United Nations World Food Programme (WFP) in Egypt and The Coca-Cola Foundation, have signed an agreement to promote sustainable agriculture & green energy among farmers and rural communities in Luxor.
Eni and Sonangol expand cooperation in sustainable energy transition areas
Under the terms of the MoU, Eni and Sonangol will jointly identify and assess opportunities in the areas of Energy transition, including agro-industrial supply chains for the production of low carbon fuels, valorization of residual biomass and green ammonia for agro-industrial applications.
Morocco partners with Africa Finance Corporation to advance critical financing for local institutions
The MOU strengthens the partnership after Morocco officially became a member of the AFC in 2021.
RMB assists IPP Msenge with project finance debt funding
RMB helps curb the energy crisis with South Africa’s first utility-scale wheeled wind energy project
Equatorial Guinea, Cameroon bilateral agreement signals new era of cross-border cooperation in Africa
The respective Presidencies of Equatorial Guinea and Cameroon have signed a bilateral cooperation agreement, unlocking a new phase of energy security and economic expansion on the back of gas monetization and cross-border collaboration.
Volvo delivers the first heavy electric truck to Africa
Deployment of heavy electric trucks is now spreading across the world. With Europe and the US among the leaders, the shift to more sustainable transport is kicking off also in other parts of the world. In Africa, the first heavy electric truck is now being delivered in the city of Rabat in Morocco.
[Nigeria Business Week] Andrea Ayemoba: Investors bet on fintechs, startups
The past couple of weeks have seen a flurry of activities in several sectors of the Nigerian economy. Startups are receiving increasing financial backing from VCs for the growith of SMEs.
Enquête de la BEI sur le climat en Côte d’Ivoire
91 % de la population ivoirienne interrogée estiment que les changements climatiques ont déjà des répercussions sur leur quotidien.
[East Africa Business Week] Bob Koigi: Accelerating sustainable and clean transport solutions
A bulk of East African countries’ electricity comes from renewables. Yet the region’s transport sector relies entirely on imported petroleum fuels.
[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.
[Interview] Dr. Mima Nedelcovych, Chairman, AfricaGlobal Schaffer
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.
[Interview] Dr. Mima Nedelcovych, Président, AfricaGlobal Schaffer
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.
[Column] Tobias Alando: Securing our future: the path to net-zero
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.
[East Africa Business Week] Bob Koigi: Region bets on bioeconomy to bolster growth
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.
[Nigeria Business Week] Andrea Ayemoba: Gas price triggers ripple effect across industries
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.
[Nigeria Business Week] Andrea Ayemoba: Nigeria scores big in budget transparency
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.
[Nigeria Business Week] Andrea Ayemoba: Clean energy gets funding amid inflation and trade deficits
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.
[Nigeria Business Week] Andrea Ayemoba: A call for exports diversification for higher market gains
Agriculturists and entrepreneurs are working harder than ever to address food sufficiency, but energy rests firmly on the government’s shoulders.
[Nigeria Business Week] Andrea Ayemoba: The 'ember' months performance review
The end of year (fondly referred to as ‘ember months’) tends to bring about anxieties of different sorts among Nigerians.
[Nigeria Business Week] Andrea Ayemoba: Industries unanimously look toward renewable, sustainable practices
The Covid-19 crisis has been cause for numerous economic slumps round the world; companies were shut down, production halted, industries crippled and prices skyrocketed the world over.
[Startup Interview] Adedokun Muhammed-Ali Adedeji, Founder, Brightcloud Automobile, Nigeria
Adedokun Muhammed-Ali Adedeji is a Nigerian innovator, entrepreneur and logistics manager. A green mobility advocate, Adedokun is the founder of Brightcloud Automotive.
[Column] Mathew Hall: Why off-grid solutions are starting to make more sense to South Africans
With load shedding back and disrupting day to day life, compounded by consumers feeling the 15% increase on their electricity bill, alternative sources of energy are starting to look more attractive to South Africans.
Eastern and Southern Africa's vast renewables potential offers route to sustainable growth, IRENA
Eastern and Southern Africa are vast, geographically diverse regions with rapidly growing populations and rising demands for energy. According to master plans for the two regional power pools, electricity demand is set to grow.
[Column] Andres Vega: Powerships: A solution for Africa’s energy short-term supply?
Energy poverty represents one of the most critical challenges for development in Africa. According to the International Energy Agency, in 2019, the continent had more than 580 million people without electricity access.
[Column] Titilayo Adewumi: Building greater sustainability, climate resilience in West Africa
Across Africa, urban centres are rapidly expanding as the continent’s large – and growing – youth population seek better fortunes in the city.
[Column] Charné Hundermark: South Sudan pursues a power sector revival
South Sudan is re-directing its focus on power sector development in a bid to dramatically transform its electricity market, which faces a deficit of approximately 170 MW and has led to one of the lowest electricity access rates globally.
[Column] Gaopalelwe Santswere: What the future hold for South Africa’s energy mix
South Africa relies on coal-fired power stations to produce approximately 90% of its electricity. Moving forward, the country's aim should be to reduce this percentage.
[Startup Interview] Tony Botha, Managing Director, carbonTRACK Africa, South Africa
carbonTRACK Africa is a South Africa technology startup that seeks to create a world where energy is consumed sustainably, shared fairly and empowers all people.
Rystad Energy analysis shows Africa’s renewable energy capacity is set for consecutive years of growth
Africa’s installed capacity of renewable energy, which stood at 12.6 gigawatt (GW) in 2019, is set for consecutive years of growth, a Rystad Energy analysis shows.
[Column] Emma Colenbrander: Is an Amazon for Africa’s “energy poor” in the making?
A majority of consumers in Africa still live off the grid, in what are commonly called "last-mile" communities.
New economic analysis for Malawi calls for efficient public investment management to improve service delivery in water and energy
Malawi faces an infrastructure investment gap in the energy and water and sanitation sectors of approximately $332 million per year due to limited fiscal space combined with weak public investment management and inefficient State Owned Enterprises.
[Column] Phyllis Wakiaga: Promoting sustainability through energy efficiency and conservation
Energy Efficiency might sound like ‘ Board Room speak’ to many, but what is it really?
New analysis shows onshore wind potential across Africa enough to power the entire continent many times over
Developing Africa’s huge onshore wind energy potential can boost its transition to affordable and reliable clean energy. For the first time ever, wind and solar made up the majority of the world’s new power generation in 2019.
Finance for renewables in developing countries on the rise, IRENA highlights
Global finance to developing countries in support of clean and renewable energy reached $21.3 billion in 2017, which almost doubles the level from 2010 when international financial flows were at $10 billion.
[Column] Toufik Khitous: How Egypt bets on renewables to meet expected energy demand surge
To meet its soaring demand for energy, Egypt is turning to renewable sources. Its targets, if accomplished, will see it become a pioneer in the African energy landscape. But are the plans realistic?
[Column] Siyabonga Mbanjwa: Delivering sustainable energy across Africa in a more accessible and reliable way
The global Coronavirus pandemic has disrupted the operating environment for both the public and private sectors as a result of the unprecedented lockdowns and restrictions put in place by countries to curb infections.
[Column] Dr. Kevin Kariuki: The journey to electrifying Africa
Five years into the African Development Bank’s ambitious New Deal on Energy for Africa, the Bank’s investments are set to provide electricity access to around 13 million people.
[Column] Verner Ayukegba: Africa’s energy transition must be African at heart and in practice
Africa is at an energy cross-road. On one hand, the most talented, better educated, most entrepreneurial and competitive generation the continent has ever had is rising.
The investment case for energy transition in Africa
Falling technology costs have made renewable energy a cost-effective way to generate power in countries all over the world, which would drive further development and improved economy.
[Column] Olagoke Aluko: Liquefied Petroleum Gas (LPG) regulations lead the way in reshaping consumer behaviour and industry in Kenya
Kenya has paid a heavy price in lives lost for its slow uptake of LPG as a cooking fuel.
[Column] John Defterios: The global energy challenge and the answers that lie in renewable power
It is big, fast growing, with a young population and a middle class that is nearly as big as the entire U.S. population.
[Startup Interview] Wilhelmina Diop, Marketing Director, HelloSolar, Ethiopia
Wilhelmina Diop is investing her skills in Renewable Energy and Sustainable Development into providing rural communities in Ethiopia with affordable access to power, through the startup company, HelloSolar.
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.
[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.
[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.
[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 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.
[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.
[Nigeria Business Week] Towards sensible investments, capital pours in from the outside
For a country as populous as Nigeria, the wheels can and should not stop rotating. Supply rarely ever exceeds demand, investors are always welcome and jobs are never surplus.
[Interview] Irfan Mirza, CEO, Trend Solar, Tanzania
Irfan Mirza is an IT consultant, project manager and strategist who co-founded Trend Solar, a power solution for rural communities in 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.
[Kenya Business Week] The economic cost of trade misinvoicing
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.
[Kenya Business Week] Renewed onslaught on fake news
With Kenya having experienced proliferation of online news channels occasioned by an impressive penetration of the internet and a critical mass of consumers with an insatiable appetite for breaking news, truth and fact have been the latest casualties.
[South Africa Business Week] Why SA entrepreneurs are not thriving
A Study carried out on more than 1000 entrepreneurs in South Africa revealed that entrepreneurship in South Africa is not thriving, despite the fact that South Africa is one of Africa's strongest economies.
[Startup Interview] Tomiwa Majekodunmi, CEO, NASPA, Nigeria
At a time when the electricity needs of Africa continue to outstrip available supply, a company in Nigeria is investing in providing low cost, clean and sustainable energy to especially those not connected to the national grid.
[Kenya Business Week] Energizing investor relations
Kenya this week continues to strategically place itself to benefit from regional integration and reap from its warm relationship with development partners and international investors.
[Kenya Business Week] Power to businesses
As Kenya now fully recovers from a grueling election that took a toll on its economy, key sectors are experienced renewed resurgence and the business climate is promising.
[Column] Hannes Venter: Tomorrow's smart cities will need equally smart utilities
Sustainable energy consumption and 'green' energy production at home is becoming a new lifestyle.
[Startup Interview] Frank Balestra, Founder, AB Minerals & Made for Africa Eco-Friendly solution
Frank Balestra is a Canadian who has lived in Africa the better part of the last five years, both in the DRC and Rwanda. This has given him a good understanding of the people, the African culture, the countries and the coltan industry.
[Column] Phyllis Wakiaga: Empowering women through renewable energy
The more central energy is to our lives, the more crucial it is to provide equal access and distribution for all in order to secure our country’s future. Increasingly, what we are realizing is that this accessibility is made problematic and the lack of it exacerbated by the growing poverty gap in spite of modern technological advances.
African Energy Chamber launches initiative to celebrate women in the sector
The African Energy Chamber has launched a new initiative that not only celebrates women in the energy sector but empowers them too – The African Women Business Energy Network.
Une subvention de la SEFA pour favoriser le passage à la mobilité électrique en Afrique
Le Fonds pour l'Energie Durable en Afrique (SEFA) du Groupe de la Banque Africaine de Développement fournira une subvention d'assistance technique de 1 million de dollars à la Facilité pour la Mobilité Verte en Afrique (FMV).
Nigel Topping joins FSD Africa as Senior Climate Adviser
FSD Africa announced that Nigel Topping will be joining the organisation as a senior climate advisor to strengthen its offering in developing innovative approaches to addressing the impact of climate change in Africa.
Husk becomes first profitable minigrid company in Africa and Asia
Owner of the largest fleet of community solar minigrids with 150 in operation, Husk was EBITDA positive in its primary markets of Nigeria and India in Q4 2022.
FMO provides funding for motorcycle financing in Kenya and Uganda
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 partners with Investec Bank to scale-up climate investments in South Africa
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.
Namibia and Equatorial Guinea youths working to boost Intra-African Energy Growth
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.
[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
African Energy Chamber to host New Year Reception in London on 26 January
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.
Congo prend la tête de la monétisation du gaz avec un deuxième projet FLNG mené par Eni
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.
New study confirms €1 trillion Africa’s extraordinary green hydrogen potential
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.
DFC announced $369 million in new projects including in health, energy and food security
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.
African Business Roundtable holds event alongside COP27 for Africa's climate goals
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.
Huawei and Orange Egypt commit to new energy-efficient networks
The plan targets improving network energy efficiency through the increase of green power usage to replace traditional fossil fuel power.
Standard Bank Group invests R50 billion on renewable energy projects
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.
OPEC Fund, AfDB deepen cooperation to promote sustainable development in Africa
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.
La Team Europe appuie le Sénégal dans ses efforts d'accès universel à l'ectricité en 2025
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).
Afreximbank announcesd US$1.5 Billion financing programme to Botswana
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 partners with PowerX to drive sustainability in the African telecommunications industry
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 raises $1.3m for development of Lesedi Power Project in Botswana
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.
New partnership between Moneda Invest Africa and National Oil Company of Namibia
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.
Arunma Oteh appointed as new board member of FSD Africa
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.
Hitachi Energy to secure power supply in Africa’s longest high-voltage direct current link
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.
DFC approved 62 new transactions worth more than $2.3 billion for this quarter
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.
[Africa Energy Week]: Leaders committed to use Oil and Gas to uplift life of people
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.