The African Development Bank (AfDB) has approved US$20mn loans to support renewable-based, mini-grid solutions to the off-grid cities of Isiro, Bumba and Genema in Congo
Energy
Global energy demand rose by 2.3 per cent in 2018: IEA
Global energy demand grew by 2.3 per cent in 2018, with natural gas accounting for 45 per cent of the rise in energy consumption, according to the International Energy Agency’s (IEA) Global Energy & CO2 Status Report
Daystar Power to expand solar power operations in West Africa
Daystar Power, African solar energy company, has signed a US$10mn investment deal with Verod Capital Management and Persistent Energy Capital LLC, aiming to provide solar power solution for commercial and industrial customers across West Africa
Eni starts solar photovoltaic project in Tunisia
Eni has begun constructing new solar photovoltaic (PV) project in Tunisia, aiming to support upstream operations by providing green energy with an off-grid setup
OPIC advances first financing project in Chad
The Overseas Private Investment Corporation (OPIC), the USA government’s development finance institution, has committed US$10mn to support the introduction of off-grid solar kits and appliances in Chad