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Acumen, the nonprofit that invests philanthropic capital in companies and leaders tackling poverty, today announced the approximately $70 million close of for-profit fund, KawiSafi Ventures, through Acumen Capital Partners. After investing $22…
The Minister of Finance, Mrs. Zainab Ahmed has disclosed that the federal has commenced discussion with the World Bank with a view to take a $1 billion loan for the development of the power sector. Meanwhile, Governor of the Central Bank of Nigeria…
The African Development Bank, rated Aaa/AAA/AAA/AAA by Moody’s/S&P/Fitch/Japan Credit Rating Agency, has successfully launched a new NZD 150 million 10-year “Light up and Power Africa” Kauri benchmark  due 7 March 2029. The bond, launched on 21…
Tatu City in Kenya has installed its first solar power plant. This is in line with the city’s long term commitment to environmental conversation through harnessing renewable energy sources. Nick Langford, Head of Utilities for Rendeavour, Tatu City…
The government of Mali has received US $52m from World Bank for the construction of a 50 MW solar power plant under public-private partnership (PPP) and has given the temporary concession to PowerPro to develop the first phase of the project. The…
Minister of Natural Resources, Energy and Mining, Aggrey Masi has said the Malawi Rural Electrification Program (MAREP) which is in its eighth phase has seen several trading centres being connected to the national power grid. Masi officially…
The Nigerian Electricity Regulatory Commission (NERC) on Monday said over five million Nigerian electricity consumers were unmetered. Abdulkadir Shettima, NERC General Manager, made this known at the launch of a Mojec International Limited, bank…
Kenya strikes a deal to construct a 300MW solar plant in Zambia at a cost of US $500m aimed at expanding the county’s generation capacity, re-balancing the dependency on hydropower and supporting the rural electrification programme. The Nairobi-…
An American business, Labacorp Power Company America has expressed interest in developing a 900 megawatt solar project in Zimbabwe. The US-based corporate has applied to Government, through their local partners Craft Properties (Pvt) Ltd, to make…