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To achieve its energy and climate goals, Africa needs $190 billion of investment a year, with two-thirds of this going to clean energy. A study by an African bank paints a mixed picture of the continent's energy situation -- one of scarcity and…
A solar energy company spearheading a solar-plus-storage project in Egypt has secured $2.4 million in financing for the project. KarmSolar secured the $2.4 million from Qatar National Bank ALAHLI, while Ezdaher Financial Advisory assisted with the…
Mozambique intends to become a power generation hub. US$5 billion for the implementation of the Mphanda Nkuwa hydroelectric project. The director of Market Operations at Mozambique’s utility company Electricidade de Mocambique (EDM), Luis Ganje,…
The investment company Acre Impact Capital is launching a $200 million investment fund dedicated to Africa. This mechanism supported by the European Investment Bank (EIB) will contribute to climate financing. The European Investment Bank (EIB) says…
Construction on the Ethio-Djibouti 2nd Circuit High Power Transmission Line and Distribution Station Project was recently launched by Ethiopia and Djibouti. Along with strengthening the electrical and transportation links between the two neighboring…
The U.S. International Development Finance Corporation (DFC) is investing $40 million in the Energy Entrepreneur Growth Fund (EEGF). Established in 2019, the facility finances renewable energy providers in Africa. The U.S. Corporation for…
The Sasol and ArcelorMittal groups will work together to decarbonize the industrial sector in South Africa. The two groups will rely on carbon dioxide (CO2) capture and green hydrogen production in this eco-responsible approach. Two industrial…
Rwanda’s Government will use Rwf500 billion to support its universal electrification. The Government of Rwanda seeks to achieve universal access to electricity by 2024. Rwanda Minister of Infrastructure, Erneste Nsanzimana, has disclosed that the…
The Gambia National Water and Electricity Company (NAWEC) under the sub component of The Gambia Energy Restoration and Modernisation Project (GERMP) will electrify 46 villages in the Sami and Sami District starting with LaminKoto Diabu in 2023,…