The Board of Directors of the African Development Fund (ADF), the concessional financing window of the African Development Bank Group, approved, Wednesday, March 25 in Abidjan, a donation of 12.46 million euros (10 million of Units of Account) intended to finance the Energy Transition and Institutional Support Program (ETISP) in São Tomé and Príncipe. The […]
AFDB to provide underserved communities in Nigeria with sustainable energy solutions
The African Development Bank and the Government of Nigeria have launched the National Electrification Project (NEP), to address critical energy access deficits by channeling private sector investments into mini grid and off-grid solutions. The project, which will be implemented by Nigeria’s Rural Electrification Agency, is a boost to efforts to achieve the target of universal […]
ZIMBABWE: Holt Holding will invest $7 million in a 10 MWp solar power plant
The Holt Holding Group, a German renewable energy company, will invest 7 million dollars in the construction of a 10 MWp solar power plant in Zimbabwe. A solar power plant with a capacity of 10 MWp will be built in Zimbabwe by 2021. The system will be developed by the German group Holt Holding, which […]
SCOTS CROWDFUND £11.3M FOR SOLAR ENERGY PROJECTS IN AFRICA
London: A platform that crowdfunds finance for clean energy projects in Africa has been boosted by investments from over 200 people in Scotland, as enthusiasm for climate solutions ramps up ahead of the UN Climate Change Conference (COP26) in Glasgow later this year. The main goal of the platform, called Energise Africa, is to support solar energy resources in sub-Saharan Africa and improve […]
One step closer to clean energy for 30 million people in Africa
Africa’s first regional PPP hydropower project reaches key milestone Finance Minister signs grant agreement with European Investment Bank in Bujumbura EUR 9 million European support unlocks final preparatory works for Ruzizi III hydro project Follows 10 years of EIB and EU financial support for preparation of 147MW hydropower scheme Project backed by Burundi, Rwanda, DRC […]
Britain’s CDC adds $400 million of investments in Africa push
LONDON : UK government-owned finance agency the CDC Group has signed $400 million worth of African investment deals, part of a wider drive by Britain to develop new trade ties as it prepares to leave the European Union. CDC announced the new deals on Monday as Prime Minister Boris Johnson called for deeper links between […]
Akon To Build His Own City In Africa With Renewable Energy & His Own Cryptocurrency
If you’re a 90s kid, you’ve probably heard Akon’s ‘Smack that’ over a hundred times on loop. The iconic rapper was a sensation back in the day. Have you ever wondered what the popular singer is up to now? Well, apart from helping to improve the life of people in rural areas of Africa, the […]
EGYPT: China Gezhouba Group to build 500 MW of solar power plants
The Egyptian government plans to install new solar power plants across the country with a cumulative capacity of 500 MW. They will be built by the China Gezhouba Group. With this, Egypt is moving closer to its overall goal of increasing the percentage of renewable energy in the country’s energy mix to 42% by 2035. […]
Agreement for Africa’s first utility-scale floating solar farm, located in Seychelles, to be signed this quarter
Key agreements for the construction of Africa’s first utility-scale floating solar photovoltaic (PV) system in Seychelles are expected to be signed at the end of the first quarter of this year, said the Energy Commission. The Seychelles Energy Commission said in a press communique Thursday that it has issued a notice of intended award to […]
US$20m raise for solar power projects in Africa by Rensource Energy
Rensource Energy, the Nigerian startup has raised a $20 million Series A round co-led by CRE Venture Capital and the Omidyar Network for solar power projects in Africa. The company that deals with renewable energy manufacture and operates solar-powered micro-utilities that provide electricity to commercial community structures, such as open-air trading bazaars. Since it’s launch […]