FinDev Canada, Canada’s development finance institution, has annoucned its first transaction, a $10m investment in M-KOPA, a ‘pay-as-you-go’ energy provider to off-grid homes in Kenya.
M-KOPA has connected 600,000 homes across Africa, providing 75 million hours of kerosene-free lighting each...
MTN launched a mobile money-based Initial Public Offering in Ghana.
It is the first time shares of a major corporation can be purchased using mobile money accounts. Ghanaians will be able to buy shares using Momo Wallet, MTN’s local mobile...
MIGA, a member of the World Bank Group, has announced its first guarantees in Namibia of up to $18m in support of the construction, operation and maintenance of two 5MW solar power plants.
The Ejuva One and Two plants will...
A subsidiary of New Sparta Asset Management, New Sparta Energy (NSE) was established in 2017 to identify, develop, build and operate power generation assets in Africa, with a focus on renewables, and to sub-advise NSAM on Africa strategy. Our in-house...
Dr Vera Songwe, Executive Secretary of the United Nations Economic Commission for Africa (UNECA), has said Africa can unlock its full potentials with the coming into force of its ambitious Continental Free Trade Area (CFTA) framework.
She said the CFTA,...
Zambia is set to complete its first large-scale 50MW solar power generation plant by September this year. This comes as the nation battles a power deficit which threatens industrial output.
The state-owned Industrial Development Corporation (IDC) spokes person Namakau Mukelabai ,said,the...
April 10 (Renewables Now) - The Investec-managed Emerging Africa Infrastructure Fund (EAIF) has secured USD 385 million (EUR 311m) in new long-term debt capital through its latest fundraising round, it was announced today.
EAIF was created to mobilise capital from...
The solar photovoltaic (PV) plants are part of the Scaling Solar initiative in Senegal, conducted jointly by the Senegalese authorities and International Finance Corporation (IFC)
PARIS, France, July 19, 2019/ -- ENGIE (www.ENGIE.com) and partners Meridiam and FONSIS have signed...
Ai AfricaPLC announced and presented today, its Roadmap Report on globalizing Africa eTrade in support of the African Continental Free Trade Area (AfCFTA), during the Ai African Electronic Trade Leaders Roundtable on Improving African Buyer Information and eTrade Documentation, in...
The former minister of aviation, Babatunde Omotoba, has revealed that the current infrastructure in the power sector was incapable of transmitting more than 4000 megawatts adding that Nigeria cannot generate 7000 megawatts.
He stated this in Abuja yesterday at the...
