Jean Marie Takouleu / AFRIC21

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02 06 2023 | 15:30

EGYPT: Saudi Arabia’s Acwa Power raises $123m for its Kom Ombo solar park

Several international financial institutions are raising $123 million for the Kom Ombo solar power plant in Egypt. The park, which will have a capacity of 200 MWp, is being built by Saudi Arabian…

20 04 2023 | 15:28

AFRICA: Agriculture, energy, mobility… Equator raises $40 million for start-ups

Venture capital firm Equator has closed its first fund dedicated to sustainable growth in Africa. The fund will finance seed-stage companies that rely on technology to accelerate sustainable…

20 04 2023 | 14:39

SENEGAL: Germany’s Gauff connects 60 solar mini-grids in the Kolda region

The German company Gauff Engineering is commissioning more than 60 solar-powered mini-grids in the Kolda region in southern Senegal. These installations, which will allow the productive use of…

20 04 2023 | 14:36

AFRICA: BII and Shell Foundation to invest $245 million in clean energy

British International Investment (BII) is entering into a new partnership with the Shell Foundation. The partnership aims to support the deployment of renewable energy through the financing of start-…

20 04 2023 | 14:34

MOROCCO: OCP to solarize its phosphate production with the support of the IFC

The International Finance Corporation (IFC) is providing a €100 million loan to the OCP Group (formerly Office chérifien des phosphates). The financing is intended to support the construction of four…

20 04 2023 | 13:52

SOUTH AFRICA: A programme to attract private investment in hydropower

The South African government is launching the DWS Hydropower Independent Producer Programme (DWS HIPP). This program aims to encourage independent power producers (IPPs) to invest in hydropower in…

02 04 2023 | 09:33

IVORY COAST: UAE-based Masdar negotiates 70 MWp solar photovoltaic plant

The energy company Masdar (Abu Dhabi Future Energy Company) based in the United Arab Emirates (UAE) has signed an agreement with the Ivorian authorities. Objective: to study the possibility of…

02 04 2023 | 09:31

MOZAMBIQUE: Stockholm commits $19m for resilience to climate shocks

Sweden is providing $19 million in funding to support people's resilience to climate shocks in Mozambique. The funding, which will be released over five years, supports a project implemented with…

02 04 2023 | 09:28

SOUTH AFRICA: Vestas wins 373 MW order for three wind farms

Danish company Vestas Wind Systems will install the wind turbines for the Brandvalley, Rietkloof and Wolf wind farms in South Africa. The order is placed by Cape Town, South Africa-based independent…

02 04 2023 | 09:20

AFRICA: DPA to Provide 12MW of Solar Power to Adac’s Data Centres

A partnership has just been signed between DPA Southern Africa (DPA SA) and Africa Data Centre (ADAC). The agreement covers the supply of 12 MW of solar photovoltaic energy to power Adac's data…

02 04 2023 | 08:35

NIGERIA: UEF to subsidise solarisation of 3,500 small businesses

The Universal Energy Facility (UEF) will provide performance-based grants to several solar energy providers in Nigeria. They will connect at least 3,500 small and medium-sized enterprises (SMEs) to…

02 04 2023 | 08:27

KENYA: Finnfund sells its stake in the 310 MW Lake Turkana wind farm

The Finnish Fund for Industrial Cooperation (Finnfund) is selling its shares in Lake Turkana Wind Power (LTWP), the special purpose company that operates the 310 MW Lake Turkana wind farm. It is the…

02 04 2023 | 08:25

Energy access: despite mobilized funding, Africa still lags behind

As decision-makers, professionals and development finance institutions gather in Abidjan this Tuesday, March 21, 2023 in Abidjan, Ivory Coast for the Energy Access Investment Forum (EAIF), AFRIK 21…

02 04 2023 | 08:22

AFRICA: AfDB Accelerates Green Bonds for Green Energy Access

The African Development Bank (AfDB) is issuing a green bond on the capital market in Australia. Objectives: to finance the deployment of renewable energy in Africa. This transaction is concluded…

02 04 2023 | 08:11

“Access to electricity in Africa requires the pooling of skills”

In terms of access to electricity, the difficulties are immense in Africa, especially access to financing. This issue was at the heart of the Energy Access Investment Forum (EAIF) which has just…

02 04 2023 | 08:09

EAIF 2023: Gaia Energy Impact Fund II is launched for the electrification of Africa

On the sidelines of the recently concluded Energy Access Investment Forum (EAIF) in Abidjan, Ivory Coast, several investors and companies have joined forces to launch Gaia Energy Impact Fund II.…

02 04 2023 | 08:01

AFRICA: GCF commits $240m to climate-resilient infrastructure

The Green Climate Fund (GCF) has committed $240 million to the Infrastructure Climate Resilient Funds (ICRF). Launched by the Africa Finance Corporation (AFC), this facility aims to finance climate-…

02 04 2023 | 07:31

GHANA: CIF grants $28 million for electrification via solar mini-grids

The Board of Directors of the African Development Bank (AfDB) Group has approved $28.49 million in financing for Ghana. The funding is intended to support electrification via off-grid solar systems…

11 02 2023 | 09:38

SOMALIA: MIGA Issues $5m Guarantee for Baidoa Hybrid Solar Power Plant

The Multilateral Investment Guarantee Agency (MIGA) is issuing a $5.67 million guarantee to cover the risks associated with Kube Energy's investments in Somalia. The company is involved in the…

11 02 2023 | 09:36

LIBERIA: The World Bank pledges $96 million for a 60 MWp solar power plant

The World Bank is signing a financing agreement with the Liberian authorities. The international financial institution is lending $96 million for the construction of a 60 MWp solar photovoltaic…