Saturday, December 15, 2018
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...
One of Mozambique’s newest and strategically most important power stations has been refinanced with the support of the Emerging Africa Infrastructure Fund (EAIF). EAIF has signed a Participation Agreement with the International Finance Corporation (IFC) to provide a $21million B...
Energy access in Africa is close to my heart. Bringing clean, renewable power to people instead of building coal-fired power stations is absolutely essential if we are going to tackle climate change. Despite great progress in recent years, still every...
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...
Crude oil prices rose above $70 a barrel yesterday, signalling that production cuts by the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC had helped in tightening supplies. International Benchmark Brent crude oil sold for $70.13 per barrel during...
London, United Kingdom: InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Shareholders Agreement with Berkeley Energy, committing US$30m of equity investment to the ground-breaking Corbetti Geothermal project, doubling its original commitment of US$15m. ‘The US$30...
The European Investment Bank (EIB) is finalising a Sh7.5 billion ($78 million) loan for construction of two solar power plants in Kenya. The credit is evident that there is growing interest by global organisations in financing renewable projects in the...
Algeria’s state-run oil company Sonatrach signed an agreement, Monday, with the Libyan National Oil Corporation (NOC) to run a number of crude oil fields located on the borders between the two countries. The agreement included updating a study that was...
Burkina Faso has launched West Africa’s largest solar power plant- Zagtouli solar power plant. This is in a deliberate move by the country to boost renewables and cut energy dependence on its neighbours. The US $56.27m project has been funded in part...
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