Energy & Power

Kibo’s Benga DFS well ahead of schedule in Mozambique

benga 31Kibo Energy plc, the multi-asset Africa-focused energy company, announced that a definitive feasibility study (DFS) has been designed to confirm Benga Independent Power Project’s commercial and operational viability is progressing well ahead of schedule

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AFC invests US$197.08mn in 44MW hydro power project in Côte d’Ivoire

hydropower 25Africa Finance Corporation (AFC) has announced the financial close of a bridge loan facility contracted by Ivoire Hydro Energy (IHE) for the construction of the 44MW Singrobo-Ahouaty hydroelectric power project (SAHP) and associated infrastructure

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AfDB approves US$25mn grant for renewable energy projects

renew 23jThe African Development Bank (AfDB) has approved an equity investment of up to US$25mn in ARCH Africa Renewable Power Fund (ARPF), a US$250mn private equity fund for renewable energy projects across Sub-Saharan Africa

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BBOXX signs US$31mn deal with AIIM

bboxx 16jAfrica 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

13898686786 ff50382b58 zThe 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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