The African Development Bank (AfDB) has kicked off a feasibility study, aiming to explore the potential of electric cooperative business models in Nigeria and Ethiopia
Power Generation
Kibo’s Benga DFS well ahead of schedule in Mozambique
Kibo 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
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
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
Kibo Energy renews MoU with Mozambican electric utility EDM
Kibo Energy PLC, the multi-asset, Africa-focused energy company, has renewed and expanded its MoU agreement with Mozambican state-owned electric utility, Electricidade de Mocambique (EDM), to advance the financing, construction and operation of the Benga Independent Power Project in Mozambique