Specialist bank and asset manager Investec will invest US$813mn in South Africas Renewable Energy Independent Power Producer Procurement Programme
Finance
Copperbelt Energy to raise funds for African expansion
Copperbelt Energy, which supplies power to Glencore Xstrata and Vedanta Resources in Zambia, has revealed plans to raise US$150mn through loans to expand business in Africa and finance existing debt
Murray Roberts sells manufacturing unit
South African engineering and construction service provider Murray Roberts has announced the sale of its African construction products platform comprising the group’s manufacturing businesses for US$130.1mn
World Bank approves funds for Burkina Faso power sector
The World Bank has approved a US$50mn International Development Association (IDA) credit to support Burkina Fasos efforts to improve electricity supply in the West African nation