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The Africa Renewable Energy Fund II has achieved its first close at €130 million, following a joint investment of €17.5 million from The Sustainable Energy Fund for Africa and the Climate Technology Fund through the African Development Bank. AREF…
The International Islamic Trade Finance Corporation (ITFC) a member of the Islamic Development Bank (IDB) Group has signed a new five-year framework agreement that aims at boosting trade development across The Gambia’s agriculture, energy,…
President Muhammadu Buhari has asked stakeholders in the Nigerian LNG's $10 billion Train 7 to collaborate towards ensuring the timely completion of the project. The president said yesterday at the virtual groundbreaking ceremony of the project in…
The Board of Directors of the World Bank Group has just approved $142 million for the modernisation of Zanzibar's electricity network and the integration of renewable energy. The funding will also allow the electrification of 400,000 people in this…
The Tanzanian government has just signed an agreement with the French Development Agency (AFD) to finance a 150 MWp solar photovoltaic power plant. The financial arm of French foreign policy is granting 137 million euros to the Tanzanian government…
The Biovea biomass power plant project has just received 165 million euros in loans from Proparco, the subsidiary of the French Development Agency (AFD) group responsible for financing the private sector, and from Emerging Africa Infrastructure Fund…
The World Bank Group has approved a regional electricity access project in West Africa for a total amount of $465 million. This will see countries in the region expand electricity to over a million people. Countries in the Economic Community of…
The regional Rusumo Falls Hydroelectric Project will begin supplying electricity to national grids by the December 2021. This was disclosed on Saturday, June 12 as ministers of the three countries to which the project will supply - Rwanda, Burundi…
Speaking at the G7 Leaders’ Summit session on Climate and Nature, South Africa’s President, Cyril Ramaphosa, said the existential threat posed by climate change requires nothing less than urgent, ambitious and collective action by the nations of the…