Tuesday, June 18, 2019
Rooftop solar provider, Off Grid Electric, in partnership with EDF, are set to expand their off-grid solar solutions offering to households in Ghana. Off Grid Electric has secured the largest venture equity investment worth US $55m in Series D funding...
Expansion of the Kimara-Kiluvya, a section of Morogoro road in Tanzania is expected to start any time in February this year. The project comes after a successful demolition of structures, which were erected on the road reserve. The construction is...
Lagos – Despite underdevelopment of the Nigeria’s Real Estate Investment Trusts (REITs) market, experts within the nation’s financial sector have expressed optimism, saying there are great potential for growth. But, according to them, Nigeria’s REITs would only become more eventful and...
Egypt Minister of Investment and International Cooperation Sahar Nasr on Sunday signed third and final tranche budget support loan worth US$500 million for governance reforms in Egypt with the African Development Bank’s (AfDB) country manager for Egypt Malinne Blomberg. This...
The Emerging Africa Infrastructure Fund (EAIF) will be supporting the refinancing of Mozambique’s latest power station. The fund has signed a Participation Agreement with the International Finance Corporation (IFC), and will be supplying US$21mn in a B loan to the...
Following prolonged delays in the expansion of the Hwange Thermal Power Station, due to financial constraints, the project has secured $116 million to proceed. The Zimbabwe Power Company (ZPC) is set to receive equity contributions from Standard Bank South Africa...
JPMorgan Chase & Co plans to expand its African presence into countries including Ghana and Kenya, Chief Executive Jamie Dimon said in an interview on Wednesday. “You’ll see us open in some countries we are not in, in Africa you’ll...
InfraCo Africa, part of the multi-lateral Private Infrastructure Development Group (PIDG), has signed a joint development agreement worth US$3.1mn to develop the Khoumagueli Solar PV project in the Republic of Guinea The Khoumagueli project aligns with the government of Guinea’s...
There is an urgent need for accelerated infrastructure development in rural areas in order to curb poverty and its related challenges across the country, the Nigerian Society of Engineers has said. Participants, who spoke at the recent pre-investiture colloquium organised...
InfraCo Africa has partnered France-based developer Solvéo Energie by committing up to US$3.1million for a 45% equity interest in the development of a 40MW solar project in the Republic of Guinea in West Africa. InfraCo Africa, part of the multi-lateral Private...
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