Saturday, September 21, 2019
Abu Dhabi Investment Authority (ADIA), world's third-biggest sovereign wealth fund, said it may invest more in renewable energy, as climate change fears prompt fund managers to look beyond fossil fuels. Abu Dhabi Investment Authority (ADIA), the world's third-biggest sovereign wealth...
South African state-owned power utility Eskom, has announced that its planned interruption of bulk supply to Khai Ma Local Municipality has been suspended after a sustainable payment agreement has been reached.    “Interruptions due to non-payment of Khai Ma Local Municipality’s...
Sweden’s development finance institution Swedfund has invested SEK 126m in the Evolution II Fund, which is focused on clean energy supply and resource efficiency in Sub-Saharan Africa. Sweden’s development finance institution Swedfund has invested SEK 126m in the Evolution II...
The offshore allocation limits for institutional investors like pension funds were recently increased from 25% to 30% and the special allocation to African investments (outside South Africa) from 5% to 10%. This means that investors may now allocate up to...
The economic environment for private equity investments in Africa is much rosier than a few years ago when the global economy was in a downturn.  According to Romain Py, Investment Director and Head of Transactions at African Infrastructure Investment Managers...
On Monday, the Transmission Company of Nigeria (TCN) inaugurated a 100MVA transformer at Alimosho substation, Lagos. The objective of the installation is to boost electricity supply to residents within Ikeja Disco, The Nation Online reported. According to Usman Mohammed, the...
Chinese electrical engineering group CHiNT Electric has committed a $52 million guarantee for the 100MW Gwanda solar farm. The Chinese company said it is willing and ready to provide a guarantee covering 30% of the engineering, procurement and construction (EPC)...
US-based advisory service firm CrossBoundary, in partnership with The Rockefeller Foundation have officially launched the Mini-Grid Innovation Lab in Nairobi, Kenya. The Lab, with support from The Rockefeller Foundation, is the first R&D Fund for Sub-Saharan Africa that focuses exclusively...
Tunisia is set to launch an international tender for the procurement of 1,000MW of wind and solar power, a project that is estimated to be worth US$1.04bn The North Africa country aims to boost renewable energy production. (Image source: Andreas/Pixabay) As...
Lekki Port LFTZ Enterprise (LPLE), the promoters of Lekki Deep Sea Port and the CMA CGM Group, a leader in maritime transport, have signed a Memorandum of Agreement to operate Lekki Port’s future container terminal. Located in Nigeria, Africa’s largest...
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