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IFC and MIGA, members of the World Bank Group, signed an agreement to support the development of a 252MW wind farm by Lekela in Egypt’s Red Sea governorate. In a statement, the IFC noted that it will provide $84 million in financing while MIGA will…
The Government has designated 9,000 acres of land in Naivasha, Mombasa and Machakos as special economic zones (SEZs) as it steps up efforts to boost manufacturing. Trade and Industrialisation Cabinet Secretary Peter Munya gazetted the zones Friday…
Ethiopia is currently trying to set up a methodology for the calculation of electricity tariffs for mini-grid systems. Should the government’s work come to fruition, it can provide much-needed certainty to mini-grid investors. Africa’s off-grid…
A dream of building the world’s biggest hydroelectric project in the heart of Africa may be inching closer to reality. For decades, plans have been made and discarded to construct a series of hydroelectric power stations on Africa’s second-longest…
The Federal government of Nigeria has entered into an agreement with Greenville LNG to supply of liquefied Natural Gas (LNG) to power the Kaduna plant in Kaduna state. Greenville’s Managing Director, Ritu Sahajwalla announced the reports and said…
The federal government has received a comprehensive plan, ‘the Nigeria Electrification Roadmap: Technical and Commercial Proposal,’ from German power firm, Siemens, on how the firm would help raise the country’s power supply capacity to 25,000…
Zimbabwe has started importing 300MW of electricity from a regional power pool in a US $15m deal, and is negotiating for another 400MW from South Africa, in a bid to end crippling power cuts. The power shortage Drought-induced low water levels at…
Africa Infrastructure Investment Managers (AIIM), a private equity fund manager, has recently completed a $300 million fundraising campaign aimed at financing projects in the energy sector in West Africa. Africa Infrastructure Investment Managers (…
East Africa’s quest for reliable, affordable electricity continues to be elusive, despite massive investments that have significantly increased generation capacity. Over the past seven months, the region has witnessed the commissioning of new…