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…
As the war that has ravaged Sudan since April 2023 continues, the World Bank has announced funding of $130 million. This support should ensure food security for some of the displaced populations…
The African Development Bank (AfDB) is approving US$ 53.75 million in funding for Mali. The funds are intended to finance a project aimed at strengthening climate resilience in rural areas of Mali…
With the support of the African Development Bank (AfDB), the government of Mozambique is seeking a consultant for the studies of a battery electricity storage project and a pumped-storage…
The African Development Bank (AfDB) is providing €3.73 million in financing to Togo. The funding will enable the Togolese government to prepare the implementation of a project to electrify 317…
The Nordic Development Fund (NDF) has announced a €10 million investment in the Urban and Municipal Development Fund (UMDF). This financing mechanism of the African Development Bank (AfDB) Group…
Saudi Arabian independent power producer (IPP) Acwa Power is continuing the development of its 1.1 GW wind project in Gabal el Zeit, in the Gulf of Suez. Its capital is now open to several investors…
The Board of Directors of the African Development Bank (AfDB) Group has approved a US$ 125 million loan for the modernisation of the Cahora Bassa hydroelectric scheme in Mozambique. Its power plant…
As part of its activities in Uganda, the Beyond the Grid for Africa (BGFA) programme is selecting two companies to receive a grant for the installation of solar home systems. The grant, awarded…
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