Finance
We discuss finance as it concerned Africa
Focus
• 1 min read
Namibia, Angola Reach $52.3m Deal for 166km ANNA Power Interconnector
The two countries have formalised development and power purchase agreements for a high-voltage transmission line aimed at strengthening regional grid integration under the Southern African Power Pool.
• 2 min read
AFC Closes €43m Green Bond for 66MW Solar Plant in Côte d’Ivoire
The dual-currency green bond will fund a major solar project in Korhogo, marking a first for Côte d’Ivoire and the WAEMU region.
• 1 min read
COMESA to Launch $25m Facility to Boost Renewable Electrification in Eastern, Southern Africa
A new COMESA-backed facility seeks to unlock investment in renewable energy by transforming project ideas into bankable ventures, reinforcing regional efforts to expand electricity access and drive sustainable economic integration.
• 2 min read
$3.9bn Pledged to Support Developing Countries Under New GEF Funding Cycle
Countries pledge $3.9bn to the Global Environment Facility’s ninth cycle, boosting global efforts on climate action, biodiversity protection, and sustainable development ahead of 2030 targets.
• 1 min read
NSIA Deepens Climate Finance Drive with GCF Accreditation
NSIA secures Green Climate Fund accreditation, enabling direct access to global climate finance and boosting Nigeria’s renewable energy, carbon reduction, and sustainable development initiatives.
• 1 min read
Nigeria: Oil Giant Oando Set to Raise $750m for Oil Drilling, Boost Output
Oando, whose production averaged just over 32,000 barrels of oil equivalent per day in fiscal 2025, aims to drill as many as 100 wells to boost output, particularly from assets purchased from Western majors ConocoPhillips and Eni (ENI.MI), opens new tab.
• 1 min read
AfDB Opens $20 million Funding Call for Green Hydrogen Projects
African Development Bank launches $20m Green Hydrogen Programme, inviting private sector proposals to fund early-stage clean energy projects across Africa.
• 2 min read
Ghana’s Explorco Under Scrutiny Over $561m Unaccounted Petroleum Revenue
The concern signals ongoing transparency challenges in Ghana’s petroleum sector, specifically in accounting for revenues that are critical to government finances and reinvestment in oil field operations in the country.
• 42 sec read
Togo to Distribute Solar Kits to Over 1,000 Households with CFA2.4bn Funding
The development signals that the African country is advancing its universal electricity access policy, aiming for full access by 2030 through a series of government initiatives, including distributing solar kits to households, prioritising vulnerable populations.
• 2 min read
Eight Largest GenCos Join Tinubu’s N3.3tn Power Debt Deal
The agreement, which covers 15 power plants operated by six private companies and two state-owned entities, signals a strong commitment to clear the heap of unpaid obligations that has strangled investment, crippled maintenance schedules, and kept the lights off for millions of Nigerians.