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The African Infrastructure Investment Managers (AIIM) has just endowed its African Infrastructure Investment Fund 3 (AIIF3) with 80 million dollars to finance sustainable development projects in Africa south of the Sahara. The fund already has…
The federal government has begun the training of at least 500 individuals under the Youths Empowerment and Skills Acquisition Training (YESAT) as part of the Mambilla Hydroelectric Power Project (MHEPP) local content initiative. The financing…
If demand for electricity is not increased, the country risks having an excess generation capacity of 1000 megawatts (MW) by 2025. According to a study conducted by Cities for Infrastructure Growth (CIG), the challenge of low demand for power is…
The construction of the Sambangalou multi-purpose dam has been entrusted to a consortium formed by the French group Vinci Construction and the Austrian company Andritz. The water reservoir, which will operate a 128 MW hydroelectric power plant, will…
The Board of Directors of the African Development Bank has approved a $20 million concessional investment from the Sustainable Energy Fund for Africa (SEFA) to establish the COVID-19 Off-Grid Recovery Platform (CRP). The $50 million blended finance…
The Federal Government of Nigeria wants to improve the electricity supply to 25 million people through the installation of five million solar home systems. The nearly $367 million (140 billion Nigerian naira) project will be 20 per cent financed by…
In Benin, the government wants to set up the Beninese Electricity Production Company (SBPE). According to the authorities of this West African country, the future company will have to contribute "effectively" to the development of renewable energies…
Government is working on an interconnection to export electricity to South Sudan, according to Uganda Electricity Transmission Company Limited (UETCL). The Interconnection, UETCL managing director Valentine Katabira said, is part of the agenda to…
“The Bank’s partnership with IRENA will support Africa’s energy transition and our goal to achieve universal access to affordable, reliable, sustainable and modern energy in Africa by 2030.” – Bank VP Kevin Kariuki “The Bank’s partnership…