The Multilateral Investment Guarantee Agency (MIGA) is issuing a $50.3 million guarantee to Congo Energy Solutions (Nuru). In the east of the Democratic Republic of Congo (DRC), the company is…
As load shedding continues to plague economic activities across Cameroon, Norwegian company Release by Scatec has reached an agreement with the authorities and utility Eneo to extend its solar power…
Swiss company Candi Solar has raised $38 million. The aim is to supply solar energy to commercial and industrial (C&I) customers in Africa and India.
The $38 million financing was raised as…
At the close of its recently concluded Annual Meetings in Kenya, the Board of Governors of the African Development Bank (AfDB) approved a general increase in callable capital of $117 billion. The aim…
At its 2024 Annual Meetings, which have just ended in Nairobi, Kenya, the African Development Bank (AfDB) announced that it was joining the African Carbon Markets Initiative (ACMI). The aim is to…
South African mining company Sibanye-Stillwater has signed an agreement to purchase 140 MW of privately-owned wind power to power and decarbonise its extractive operations in the Rainbow Nation.…
Saudi company Acwa Power has signed an agreement with the Tunisian authorities for the development and production of green hydrogen in the country. This energy will be destined for the European…
According to figures from the Organisation for Economic Co-operation and Development (OECD), developing countries received $115.9 billion in climate finance in 2022, meeting the target set in…
As Tunisia struggles to make its own energy transition, three multinational companies are proposing a project to produce and export green hydrogen from the south of the country to Europe via a…
On the sidelines of the Africa CEO Forum, which has just closed in Kigali, Rwanda, Paul Muthaura answered questions from Afrik21. The Managing Director of the African Carbon Market Initiative (ACMI)…
While the electricity sector is attracting more and more funding, clean cooking remains the poor relation of the energy transition in Africa. The sector does not seem to be attracting any major…
The Zina solar power plant was recently commissioned in Burkina Faso. The 26.6 MWp facility was financed and built by the Emirati company Amea Power.
Burkina Faso’s installed electricity capacity…
Through the Jamii bond, Tanzanian commercial bank NMB will support sustainable development. The transaction, launched on the London Stock Exchange, raised $73 million.
Jamii, NMB Bank’s sustainable…
For its first investment in the eco-mobility sector in Africa, the Electrification Finance Initiative (ElectriFI) chooses start-up Gogo Electric with an investment of $1.6 million.
A new investor…
In south-east Madagascar, a new photovoltaic solar power plant will supply electricity to the Fort-Dauphin mining site operated by the Anglo-Australian group Rio Tinto. The plant, financed and built…
As climate disruption threatens the livelihoods of rural populations in Africa, British International Investment (BII) and the Nordic Development Fund (NDF) are investing $29.5 million in climate…
Xlinks, the promoter of a $25 billion investment project to transport clean electricity from Morocco to the UK, is opening up its capital to a new investor. The new investor, Africa Finance…
While Kenya continues to mourn its dead following devastating floods that have claimed 118 lives according to the latest report, the Intergovernmental Authority on Development (IGAD) is warning that…
Zambian President Hakainde Hichilema recently took part in the inauguration ceremony for the Itimpi photovoltaic solar power plant. In the face of drought, this 60 MWp facility is designed to meet…
At the spring meetings of the World Bank and the International Monetary Fund (IMF), which have just ended in Washington, a partnership was launched to electrify 300 million Africans over the next six…
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