Energy & Power
BBOXX signs US$31mn deal with AIIM
Africa Infrastructure Investment Managers (AIIM), though its AIIF3 fund, is investing US$31mn for a minority stake in BBOXX’s operations in Rwanda, Kenya and the Democratic Republic of Congo (DRC), in which about 10mn is expected to gain energy access
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AfDB approves funding for bankable energy projects
The African Development Bank (AfDB) group has announced that it has approved a US$32.5mn equity investment in Climate Investor One’s (CIO) Construction Equity Fund (CEF)
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Powering up health care in sub-Saharan Africa
The governments in sub-Saharan Africa have partnered with the United Nations Development Programme (UNDP) to launch the Solar for Health initiative to install solar systems in rural health centres and clinics
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US and Senegal sign new MCC Senegal Power Compact
The US government’s Millennium Challenge Corporation (MCC) and the government of Senegal have signed the new five-year US$550mn MCC Senegal Power Compact
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GE connects financing and turbine technology to its wind project in Kenya
GE Renewable Energy and GE Energy Financial Services (GE EFS) have partnered to provide technology and facilitate debt financing for an onshore wind project in sub-Sahara Africa
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- UK invests US$126.62mn for renewable energy projects in Africa
- Kibo Energy renews MoU with Mozambican electric utility EDM
- Desert solar initiative set to make Africa a renewable power-house
- Innovative financing in off-grid solar sector can power millions of African homes
- Millennium Challenge Corporation improves electricity access in Malawi with GE EMS
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