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Infinity is scaling up its African clean energy portfolio

Energy

The European Bank for Reconstruction and Development (EBRD) has announced an additional equity investment of US$40mn in Infinity, Egypt’s leading developer of renewable energy
 
It brings the bank’s total equity commitment to US$141.5mn, up from US$101.5mn.
 
The new capital will support Infinity Power, Infinity’s subsidiary, in delivering approximately 3 gigawatts (GW) of renewable energy capacity across key African markets.
 
An EBRD client for many years, Infinity is Egypt’s leading renewable energy developer, operating across Africa through its subsidiary Infinity Power.
 
Infinity Power — a joint venture between Egypt’s Infinity and Abu Dhabi’s Masdar — has a portfolio of more than 1.3 GW of operational solar and wind projects across Egypt, South Africa and Senegal, and a near-term development pipeline of around 3 GW.
 
The company targets solar, wind, as well as green hydrogen, battery storage and transmission grid projects across the continent, aiming for 10 GW of operational capacity by 2030.
 
“This continued support from the EBRD underlines our shared vision of a sustainable, fast-growth future for Egypt and Africa,” said Mohamed Ismail Mansour, Infinity’s chairman.
 
“Together, we are helping to unlock immense renewable energy potential – delivering projects that create jobs, strengthen energy security and enable long-term economic growth.”
 
The follow-on investment reflects the EBRD’s continued support for private sector-led renewable energy development in Africa and aligns with its strategic priorities of promoting green transition and sustainable infrastructure.
 
“We are very pleased to strengthen our partnership with Infinity and support its efforts to deliver large-scale renewable energy projects that will contribute to energy security, decarbonisation and economic development across the continent,” said Harry Boyd-Carpenter, managing director of the EBRD’s Sustainable Infrastructure Group.
 
“Beyond Egypt, this new investment marks an exciting step in expanding Infinity’s footprint across Africa, where we see tremendous potential to scale up solar and wind generation. Together, we aim to bring clean, reliable and affordable energy to fast-growing economies and to drive the continent’s green transformation.”
 
Egypt is a founding member of the EBRD. Since the start of its operations there in 2012, the bank has invested more than €13.5bn in 207 projects.
 
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Turner & Townsend partners with Everstrong Capital to deliver Africa’s largest PPP road project with global best practices. (Image source: Turner & Townsend)

Construction

The Usahihi Nairobi–Mombasa Expressway, Africa’s largest road public–private partnership (PPP), has officially welcomed Turner & Townsend, a global leader in programme and project management, as a strategic delivery partner

The addition of Turner & Townsend reinforces the consortium’s capacity to execute the transformative US$3.6bn, 459 km expressway, which aims to reduce travel time between Nairobi and Mombasa from over ten hours to just 4–5 hours.

Designed to alleviate congestion along the A8 highway, the new transport corridor will enhance mobility for both passengers and cargo while improving safety standards. The expressway also represents a new model for sustainable infrastructure in Africa, integrating intelligent transport systems, electric vehicle charging stations, wildlife crossings, and climate-resilient design features.

Turner & Townsend will bring its global expertise in programme management, governance, cost control, risk oversight, and project assurance, ensuring that the Usahihi Expressway is delivered efficiently, transparently, and to the highest international standards.

The company’s appointment builds on its extensive track record in large-scale infrastructure delivery, having supported governments and private sector partners across East Africa on major initiatives such as Kabalega International Airport and key components of the Tilenga Project. These experiences, involving complex budgets, multi-stakeholder coordination, and performance management, have prepared Turner & Townsend to manage the scope and intricacies of the expressway project.

Kyle McCarter, partner at Everstrong Capital and chairman of the Usahihi Nairobi–Mombasa Expressway, said, “Turner & Townsend’s track record across Africa speaks for itself. Their expertise in large-scale, complex projects ensures that the Usahihi Expressway will not only be delivered successfully but will also set a new benchmark for infrastructure delivery on the continent.”

John Rogers, regional director, East Africa, at Turner & Townsend, added, “The Nairobi – Mombasa Expressway is a game-changing landmark project in Kenya which will cut journey times in half greatly improving regional connectivity. The Usahihi Expressway isn’t just a road, it’s a catalyst for economic growth, regional integration and climate-smart development.

Our partnership with Everstrong Capital will allow us to deploy our world-class expertise in programme management, governance, risk oversight, cost control and project assurance to the project. We look forward to delivering this complex infrastructure programme that will support transformational growth across Kenya and East Africa.”

Turner & Townsend joins Everstrong Capital and the broader Usahihi consortium, which includes TRAC, Lotz to Develop, Ashitiva Advocates, Rebel, Andersen, CPF Group, and Kurrent, in delivering this landmark project.

The partnership underscores a shared commitment to global best practices in PPP delivery, guided by transparency, accountability, and collaboration. As the Kenya National Highways Authority (KeNHA) reviews the project’s feasibility study, the strengthened consortium is preparing to move into the next phase of development for this critical transport infrastructure initiative.

Construction of road to Tulu Kapi in 2025. (Image source: KEFI) 

Mining

London-listed KEFI has closed a US$240mn debt financing to proceed with a pipeline of projects in Ethiopia, including the Tulu Kapi gold mine, as well as to pursue additional ventures in Saudi Arabia
 
The Tulu Kapi gold mine project will tap into power supplies from the recently-inaugurated Grand Ethiopian Renaissance Dam (GERD), the largest hydro-electric scheme in Africa.
 
The Ethiopian Electric Power Company is currently connecting the mine to the mains grid generation facilities at the dam, KEFI said in an update, which will include a new 132kV overhead power line via a substation at Gimbi town.
 
The maximum demand for the Tulu Kapi plant is estimated to be 15 MW, with a normal operating demand of approximately 10 MW.
 
An emergency diesel power plant will also be installed to provide backup power to start up and run the operation as insurance in case of any unexpected failure to deliver by EEPCO, according to KEFI, although it added that it does not expect to have to use the standby facility.
 
In a statement, the company noted that Tulu Kapi is the closest industrial-scale electricity consumer of the GERD, which it said was “excellent for reliability of low-cost green energy”.
 
The Tulu Kapi gold deposit was first discovered and mined on a small scale by an Italian consortium back in the 1930s.
 
KEFI executive chairman, Harry Anagnostaras-Adams, said the new debt offering has triggered further activity at the site ahead of full project development.
 
“With the gold price at a record high, this is the perfect time to be launching Tulu Kapi,” he said.
 
Mining contractors have been at site planning for operations in 2027, with the bulk earthworks — for an airstrip and other initial works — set to commence in early 2026 after the government has resettled households in the area.
 
The process plant contractor has also been at the site planning security and logistics for the delivery of components, which are currently being procured.
 
The US$240mn loan agreement was signed with the Africa Finance Corporation and the Trade and Development Bank.
 
KEFI has previously stated that the full development of the mine could be in the region of US$340mn, which means it must still raise a further US$100mn although some this is expected to come from a mix of equity, as well as support from the Ethiopian government.
 
During construction at Tulu Kapi, the company also hopes to enhance its portfolio of gold and critical material licences and applications elsewhere in Ethiopia, as well as various projects in Saudi Arabia, across the Red Sea.
 
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Orange Marine expands its eco-efficient fleet with two cutting-edge vessels to secure and modernise global subsea networks. (Image source: Orange Marine)

Logistics

Orange Marine, a subsidiary of Orange specialising in submarine cable operations, has announced the construction of two advanced cable ships to boost the resilience of undersea communication networks across Europe, the Middle East, and Africa

With these additions, the Orange Group will possess one of the world’s most technologically advanced and modern maintenance fleets. In total, four vessels will serve key maritime regions, including the Atlantic, the English Channel, the North Sea, the Indian Ocean, the Mediterranean, and the Red Sea. Together, they will ensure the continuity and protection of critical submarine cable systems that connect continents. In addition, Orange Marine and its Italian subsidiary, Elettra TLC, operate two cable-laying vessels and one reconnaissance ship used for marine surveys.

“As a leader in global digital infrastructure, Orange manages over 450,000 km of undersea cables connecting all continents. This strategic investment in our fleet of cable ships will be a key to ensuring the resilience and security of the global Internet. It demonstrates our confidence in Orange Marine's prospects and the expertise of its teams,” said Michaël Trabbia, CEO of Orange Wholesale.

Expanding capabilities with cutting-edge technology

The two new sister vessels, modelled after the Sophie Germain launched in 2023, will primarily perform submarine cable maintenance but will also have the capacity to lay connecting segments of up to 1,000 km. They are set to replace the Léon Thévenin (1983, based in South Africa) and Antonio Meucci (1987, based in Italy), which currently handle maintenance across the Atlantic, Indian Ocean, Mediterranean, Black Sea, and Red Sea.

Construction of the new ships has been awarded to Colombo Dockyard in Sri Lanka, a shipyard recognised for its expertise and the successful delivery of the Sophie Germain. This project reflects Orange Marine’s focus on industrial excellence and global collaboration, with delivery planned for 2028 and 2029.

A sustainable and innovative fleet

In line with Orange Marine’s commitment to environmental responsibility, the two vessels will feature technologies designed to reduce fuel consumption and CO₂ emissions by 20% compared to current ships.

Key sustainable features include:

* A streamlined hull that cuts fuel consumption by up to 25 percent

* A hybrid diesel-electric propulsion system with onboard power generation and battery storage

* Azipod main thrusters to enhance manoeuvrability and reliability

* Shore power connection capabilities to reduce emissions while docked

Both ships will be equipped with a remotely operated underwater vehicle (ROV), developed by Orange Marine, allowing for precise underwater cable cutting, inspection, and burial operations.

Didier Dillard, President of Orange Marine and Elettra TLC, said, “The aging of the cable ship fleet is a major concern for all players in the submarine cable industry. Building these new ships will enable Orange Marine and Elettra to have the most modern fleet in the world, serving all our clients globally, with an optimized environmental footprint.”

Afreximbank leads US$1.35bn facility in US$4bn syndication to strengthen Dangote’s refinery operations and growth

Finance

The African Export-Import Bank (Afreximbank) has announced the signing of a US$1.35bn financing facility for Dangote Industries Limited (DIL)

This forms part of a larger approximately US$4bn syndicated financing arrangement for DIL, Africa’s largest industrial conglomerate, with Afreximbank acting as the Mandated Lead Arranger for the syndication.

This transaction — one of the largest syndicated loans in recent African financial markets — will be used to refinance capital invested in the construction of the Dangote Petroleum Refinery and Petrochemicals Complex, the world’s largest single-train refinery with a capacity of 650,000 barrels per day. The financing will reduce initial operational expenditures, strengthen DIL’s balance sheet, and support its ongoing growth.

Afreximbank’s contribution of US$1.35bn, the largest share among participating banks, highlights its commitment to major infrastructure projects that drive Africa’s industrialisation, energy security, and intra-African trade.

Since the refinery complex commenced operations in February 2024, Afreximbank has continued to provide financial support for crude supply and product offtake, ensuring smooth operations and reinforcing its role in Africa’s most significant refining project.

Commenting on the deal, Benedict Oramah, president & chairman of the board of directors at Afreximbank, said, “With this landmark deal, we once again demonstrate that Africa’s development can only be meaningfully financed from within. It is only when African institutions lead the way that others can follow. The journey to utilise African resources for its own economic transformation is well underway. Through the Bank’s funding support, we are enhancing the capacity of the Dangote Refinery and Petrochemical Industries Ltd to produce and supply high quality refined petroleum products to the Nigerian market, as well as for export to the entire continent and the world. Our energy security is in sight.”

Aliko Dangote, CEO, Dangote Industries Limited, added, “Afreximbank’s contribution to this milestone financing underscores our shared vision to industrialise Africa from within. This refinancing strengthens our balance sheet and accelerates with ease the refinery’s suppy of high-quality refined petroleum products across Africa.”

The syndicated facility attracted strong interest from major African and international financial institutions, reflecting confidence in Africa’s industrial growth and in Dangote’s vision for transforming the continent.

FLS strengthens Delmas site as a global polyurethane hub. (Image source: FLS)

Manufacturing

FLS has completed a significant upgrade to its polyurethane manufacturing facility in Delmas, Mpumalanga, positioning the site as a key global hub for the production of its advanced NexGen wear-resistant material

This development forms part of a wider modernisation programme by FLS, aimed at strengthening supply chains, increasing manufacturing efficiency and enhancing
sustainability across its global footprint.

Brad Shepherd, director service line - screen and feeder consumables at FLS, said the investment at Delmas aligns with the company’s global strategy to standardise and optimise production processes.

“This is a milestone for us,” commented Shepherd. “We are integrating cutting edge technology and modern manufacturing methodologies across all our polyurethane plants, and Delmas is leading the way. The upgrade enables us to respond more quickly and reliably to customer needs across Africa, the Middle East and Europe.”

The centrepiece of the upgrade is the introduction of purpose-built infrastructure to produce NexGen screen media - a polyurethane material developed by FLS to deliver extended wear life, reduced maintenance and improved operational efficiency. In on-site trials, screen panels made from NexGen have demonstrated up to three times the wear life of conventional rubber and polyurethane products, making it a gamechanger for industries that rely on high performance screening solutions.

Warren Walker, head of global manufacturing - polyurethane operations at FLS, explained that Delmas is the first of the company’s five global polyurethane plants to complete this transition. “We have installed new, latest generation polyurethane machines, precision tooling and dedicated preheating ovens for inserts,” he said. “This allows us to significantly increase our output while ensuring consistent quality.”

The facility now includes two trommel screen media stations and three screen media stations, each tailored to produce NexGen products. One of the standout technologies introduced is a programmable auto- calibrating polyurethane machine capable of adjusting material hardness to suit
specific applications.

“The flexibility to produce varying hardness levels is critical,” Walker noted. “It means we can tailor our screen media precisely to the customer’s application, ensuring optimum performance and longevity.”

To complement this, a high capacity polyurethane machine capable of pouring up to 42 kg per minute is in operation at the facility. This system is particularly suited to applications requiring large volume pours, such as flotation spare parts and vertical mill components.

The Delmas facility already benefited from a significant upgrade in 2019, when a state-of-the-art six-axis machining centre was introduced for tooling precision, along with robotic welding systems for manufacturing screen media panel inserts and a CNC controlled spiral welding machine to produce wedge wire products. The latest round of investments builds on this foundation and brings the facility to the forefront of global polyurethane production capability.

Energy efficiency was a key consideration in the new layout and equipment design. “We have incorporated smart energy saving features like individual temperature control on each casting table station,” Walker remarked. “This avoids the need to heat large surface areas unnecessarily and contributes to our carbon reduction goals.”

Further supporting these goals is the installation of 300 kW of solar generation capacity at the Delmas site, completed in 2024. Plans are already in place to expand this by another 500 kW in 2026, along with the integration of a battery energy storage system (BESS), enabling greater energy independence and resilience.

FLS’s offering from Delmas extends beyond screen media manufacturing. The facility is equipped to handle the complete fabrication of vibrating screens, from raw material processing and in-house machining to assembly and factory acceptance testing. This vertical integration allows the company to deliver customised solutions with tighter control over quality and lead times.

Shepherd emphasises that FLS operates both as an original equipment manufacturer (OEM) and a screen media specialist, supplying screen panels for all types and brands of vibrating screens, feeders and trommel screens.

“We don’t just supply products,” he said. “We work closely with our customers through our network of on-the-ground specialists to assess site conditions and select the best screening media for their specific needs.”

He notes that many older processing plants are treating materials that differ from their original design specifications. In these cases, screen efficiency can often only be improved by optimising the screen media. “This is where NexGen makes a real difference,” Shepherd commented. “Combined with the correct aperture design, it allows customers to get more life and better performance from their screens.”

Unlike injection-moulded polyurethane, which can compromise the structural integrity of screen panels, FLS’s proprietary process retains superior mechanical properties, resulting in a tougher more durable product. “We have never used injection moulding because it reduces the quality of the end product,” Shepherd explained. “Our process delivers a product that stands up to the toughest operating conditions and offers lasting value.”

Walker adds that the expansion at Delmas not only supports FLS’s global operations but also contributes meaningfully to the South African economy. “Our commitment to local manufacturing is evident in the scale of our investment and the jobs we have created,” he said. “We have expanded our workforce, prioritised local recruitment and significantly grown our apprenticeship programme.”

A strong focus has also been placed on developing female artisans. In 2024, six women from the local community were recruited into a three year trade apprenticeship programme, receiving training in welding, fitting and boilermaking.

“Our investment during a period of economic uncertainty underlines FLS’s long term commitment to South Africa and to our customers in the broader EMEA region,” said Walker. “We are not just building products – we are building skills, opportunities and partnerships that will power sustainable growth for years to come.”