The Board of Directors of the African Development Bank Group has approved an equity investment of up to $ 25 million in ARCH Africa Renewable Power Fund.
Solar-plus-storage is already competitive with the world's most efficient form of gas generation in Morocco and Jordan, according to new research from Wood Mackenzie Power & Renewables.
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.
Until recently, Egypt’s government spent more on electricity subsidies than it spent on education, health care, and social welfare combined.
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
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.
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.
Greenlight Planet, a global provider of solar home energy products, has successfully delivered clean energy access to more than two million individuals in Nigeria.
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.
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.
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.
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.
[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.
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.
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.
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.
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.
The Shell Petroleum Development Company of Nigeria and its joint partners have signed a gas supply and aggregation agreement that will support the 140 Megawatts Aba Integrated Power Project in Abia State.
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 African Development Bank Group has approved a $18.17 million senior loan to the 40 MWac Kopere Solar Power Project owned by Voltalia.
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.
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.
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.
BBOXX, a next generation utility platform, has unveiled its vision of a typical 2020s rural dwelling in the developing world.
The Chairman and General Director of Algerian state company Sonatrach, Abdelmoumen Ould Kaddour, and the CEO of Eni, Claudio Descalzi, have inaugurated a 10 MW solar plant in Bir Rebaa North in Algeria.
The Energy Security Policy Framework recently launched will help East African countries to tackle the increasing energy insecurity affecting the region.
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.
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.
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.
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'.
Irfan Mirza is an IT consultant, project manager and strategist who co-founded Trend Solar, a power solution for rural communities in Africa.
Greenlight Planet, a provider of solar home energy products and its partner, Zonful Energy a pay as you go (PAYG) company in Zimbabwe have set an impressive record of distributing 10,000 Sun King™ solar home systems in a short span of four months.
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.
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.
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.
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.
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.
Kenya has taken less than a decade to make giant strides in its energy sector. Key to this are two iconic renewable energy projects that have benefited from the support of the African Development Bank: Turkana Wind Farm and Menengai Geothermal Power Station.
The Nordex Group has received big-ticket contracts from South Africa to install a total of 80 AW125/3150 turbines for the “Garob” and “Copperton” projects.
The development potential of Nigerian mini-grids – generation and distribution systems capable of supplying up to 1 MW of capacity from renewable sources, independent of national transmission networks – is valued at up to $20bn, according to a report.
Chinese based LONGi Solar has signed a Memorandum of Intent (MOI) with the Tunisian project developer SHAMS Technology for a long-term cooperation.
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.
The U.S. Trade and Development Agency awarded a $1.15 million grant to Globeleq Zambia Wind Limited (Globeleq) for a feasibility study for an estimated 100-megawatt wind power plant in the Muchinga Province of Zambia.
US based renewable energy company Renewvia Energy's first two microgrid facilities, outfitted with the company’s innovative new mobile payment platform are now successfully running on the Islands of Ndeda and Ringiti in Kenya’s Lake Victoria region.
Energy 4 Impact has awarded the National Oil Corporation of Kenya (NOCK) a prize of $50,000 for its design of a non-wood cooking concession that could increase the usage of LPG cooking gas to refugees.
Africa50 will support the development of Africa’s natural gas resources to help countries produce clean power, accelerate their industrialization and provide affordable energy to households.
BBOXX , a next generation utility, and General Electric, GE, have launched a partnership to provide energy access for small businesses, schools and other organisations in Goma, Democratic Republic of Congo (DRC).
The African Development Bank has approved a US$1.5 million grant from its Sustainable Energy Fund for Africa (SEFA), to assist Ghana’s s renewable energy investment drive.
Scatec Solar has increased its ownership share in Kalkbult, Linde and Dreunberg in South Africa from 39 to 45 per cent.
The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a $1 million grant to Independent Power Producers in Angola to encourage private investment in renewable energy.
The 164th Session of the Governing Board of the OPEC Fund for International Development (OFID) has approved over US$270 million of new funding to benefit developing countries across the globe.
OFID, the OPEC Fund for International Development has extended grants in support of the Regional Centre for Renewable Energy and Energy Efficiency (RCREEE) and Bibliotheca Alexandrina.
Solar energy company Fenix International, part of global energy group ENGIE, is establishing its global headquarters in Uganda and moving its engineering and technology development centre from San Francisco to Uganda.
Distributed Power business has announced that U.K.-based Clarke Energy has been selected to supply four of GE’s J320 Jenbacher gas engines for a trigeneration plant that will provide the mosque with reliable, efficient and lower-carbon power, heating and cooling.
UK Aid is set to invest £1.6 million of capital into Energise Africa to improve access to energy across sub-Saharan Africa and improve the lives of over 11 million people, while boosting UK business opportunities.
A new study led by University of Maryland (UMD) scientists conducted novel climate and vegetation model experiments to show that wind and solar farms could lead to a doubling of rainfall in the Sahara.
Pay-go energy company Fenix International, part of global utility Engie, has reached 30,000 Zambian households just 9 months after expanding into the country in partnership with telecom MTN.
The Enel Group’s global renewable energies division Enel Green Power (EGP) has started the construction of the 34 MW1 Ngonye solar PV plant, which is the Group’s first power plant in Zambia.
WorleyParsons has signed a 22-month engineering contract with Kipeto Energy Limited for the Kipeto Wind Power Project in Kenya.
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.
In Sub-Saharan Africa, countries with unreliable power cost some companies as much as 31 percent in sales, according to a new study released by the Center for Global Development.
Kenya Electricity Generating Company Limited has awarded Japanese company Marubeni Corporation an engineering, procurement and construction contract for the construction of a 70 megawatts class geothermal power plant.
The Nigerian National Petroleum Corporation has signed a Memorandum of Understanding in China with Nigerian-Chinese consortia towards developing sustainable biofuels in the country.
Canadian Solar Inc., one of the world's largest solar power companies has established a joint venture with ET Energy, a global clean energy developer and operator.
Azuri Technologies, a provider of pay-as-you-go solar home systems and Unilever Kenya, have announced a partnership to bring solar home solutions to millions more off-grid homes across Kenya.
Symbion Power has named Clarke Energy as the preferred bidder for two important power plants in Rwanda, which will generate power from dissolved biogas from deep below Lake Kivu.
The U.S. Trade and Development Agency has awarded a grant to WHN Solar, S.A. for a feasibility study to assess the viability of a solar photovoltaic (PV) plant of up to 100 megawatts.
Jiangsu Seraphim Solar System Co. Ltd., a global solar product manufacturer, has announced the inauguration of its new PV module manufacturing factory in East London IDZ, Eastern Cape, South Africa.
Kazang Solar, Azuri Technologies’ official distribution partner in Zambia, has been awarded $1.6 million from the Africa Enterprise Challenge Fund (AECF) under its Renewable Energy and Climate Adaptation Technologies (REACT) window.
Vantage GreenX Fund Managers have announced that through its second renewable energy fund, Vantage GreenX Note II, it has provided R2.05bn of funding to a combination of six solar and wind energy projects with a combined capacity of 433MW.
Africa, with its wealth of natural resources and fast-growing population, may have a significant impact on international energy markets over the next 25 years.
ENGIE has signed an agreement with CDC, the Gabonese financial institution Caisse des Dépôts et Consignations, to deploy eight hybrid solar power plants in Gabon, representing a combined capacity of 2.2 MW.
IFC, a member of the World Bank Group, has forged a new partnership with Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa.
Uganda has become the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), a joint initiative of the development partners.
When the sun sets in Ethiopia, eight out of 10 citizens must resort to unhealthy lighting sources for basic daily activities like cooking or studying.
GE announced today that President & CEO GE Africa, Jay Ireland will retire from GE effective September 30, and Farid Fezoua, President & CEO, GE Healthcare Africa has been named President and CEO, GE Africa.