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World Bank Approves US$22.5 Million for West and Central African Countries to Support Solar Energy

March 24, 2021

The World Bank’s Board of Executive Directors has approved a total of US$ 22.5 million in additional financing to the Regional Off Grid Electricity Access Project. The facility will be …

World Bank Approves US$22.5 Million for West and Central African Countries to Support Solar Energy Read More

TCN to Add 4,000MW to Nigerian National Grid

March 23, 2021

Sule Abdulaziz, acting managing director at TCN, shared that the company had acquired a new office for its Project Implementation Units, which were created to increase the delivery of projects. …

TCN to Add 4,000MW to Nigerian National Grid Read More

Katsina Wind Farm Makes Headway for Nigeria’s Abandoned Projects

March 23, 2021

In Nigeria, the 10 MW Katsina wind farm project has been completed and will be commissioned later this month as confirmed by the Ministry of Power in the Federal Government. …

Katsina Wind Farm Makes Headway for Nigeria’s Abandoned Projects Read More

Ethiopia places the first stone for the building of the Lemmi Industrial Complex

March 23, 2021

The Ethiopian government, headed by President Sahlework Zewde, laid the foundation stone for the Lemmi Industrial Complex project in the Ensaro district of Lemi town, in the country’s central region, …

Ethiopia places the first stone for the building of the Lemmi Industrial Complex Read More

Tanzania to Get $50 M Loan from OPEC for Rural Infrastructure Development

March 19, 2021

The OPEC Fund for International Development the development finance institution of the Organization of the Petroleum Exporting Countries-has signed a US$ 50 million loan with Tanzania to finance the ‘Fourth …

Tanzania to Get $50 M Loan from OPEC for Rural Infrastructure Development Read More

Malawi Bank Buy 51% Stake In ACB Bank Tanzania

March 19, 2021

National Bank of Malawi plc, the leading bank in the country, has completed the acquisition of a 51 per cent controlling stake in Akiba Commercial Bank plc of Tanzania for …

Malawi Bank Buy 51% Stake In ACB Bank Tanzania Read More

Gnugrid Raises $250,000 for Its Off-Grid Monitoring Solution

March 8, 2021March 8, 2021

GnuGrid Africa wants to enhance the dissemination of its “Solar Sentra” digital monitoring solution to off-grid companies in Africa. To do so, the Ugandan company recently carried out a financial …

Gnugrid Raises $250,000 for Its Off-Grid Monitoring Solution Read More

Winch Energy Obtains $16 Million to Finance 49 Mini-Grids in Two Countries

March 8, 2021March 8, 2021

Winch Energy is innovating in the financial mobilisation of its solar mini-grid projects in Africa. The solar energy provider now has a platform that facilitates the financing of the electrification …

Winch Energy Obtains $16 Million to Finance 49 Mini-Grids in Two Countries Read More

Ethiopia receives $200m loan from World Bank for digital transformation

March 8, 2021

With a $200 million investment, the World Bank has announced new funding for Ethiopia’s digital transformation. The organization is currently working on a new initiative named Digital Ethiopia Foundations, in …

Ethiopia receives $200m loan from World Bank for digital transformation Read More

Nigeria: FG Signs 25MW Power Deal for Kano Free Trade Zone

March 5, 2021March 5, 2021

The Federal Government, on 19th February announced, it had signed a 25 megawatt Independent Power Project agreement, to enhance electricity supply to industries in the Kano Free Trade Zone. Richard …

Nigeria: FG Signs 25MW Power Deal for Kano Free Trade Zone Read More

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