The Emerging Africa Infrastructure Fund (EAIF) has committed a senior secured loan facility of US$30 million to AXIAN Energy. EAIF is a company under the… Read More »AXIAN Energy Drives Renewable Energy Vision Across Africa
Kenyan- based Abyssinia Iron and Steel Limited on Wednesday, December 20 signed a Power Purchase Agreement with Norway’s solar power financier Empower New Energy. The… Read More »Kenya-Based Abyssinia Steel and Spenomatic join Forces with Empower New Energy to Solarise Awasi Steel Factory
The World Bank has approved a $750 million credit to support clean energy initiatives in Nigeria. The initiative aims to enhance electricity accessibility in Africa’s… Read More »World Bank Approves $750M for Nigeria’s Largest-Ever Clean Energy Initiative
TotalEnergies, along with its partners, is commencing the construction of a major hybrid renewables project in South Africa. The project includes a 216 MW solar… Read More »TotalEnergies Launches Construction of Solar Plant in South Africa.
Kontinental Energy Services (KES) has teamed up with Gulfstream Services Inc. (GSI), a US company in the oil and gas industry. The aim of the… Read More »Kontinental Energy Services (KES) and Gulfstream Services Inc. (GSI) Partner to Serve African Oil and Gas Markets
South Africa’s Electricity Minister, Kgosientsho Ramokgopa has revealed plans for the country to acquire 2,500 MW of nuclear power. The procurement aims to tackle the… Read More »South Africa to Build New Nuclear Power Stations
African Development Bank (AfDB) Group, Board of Directors have approved a $1 billion guarantee program in collaboration with the UK Foreign Commonwealth and Development Office… Read More »AfDB approves $1 Billion Guarantee from the United Kingdom to support South Africa Energy Transition
Acumen a US-based company that promotes universal energy access on Monday, December 4 launched the Hardest to Reach initiative of $250 million at the SDG7… Read More »Acumen Joins Climate Fund in $250 Million Support for Africa Clean Energy
STANLIB Asset Management Ltd., one of Africa’s largest investment firms, aims to deploy $160 million to help address a funding gap for major renewable energy… Read More »STANLIB Commits $160 Million in New Funding to Africa for Renewable Energy
Africa through the African Development Bank will mobilize financing for climate action at this year’s UN Climate Change Conference, COP28. The continent will amplify calls… Read More »Africa to Spotlight Climate Finance as the World Heads to COP28