Finance
We discuss finance as it concerned Africa
• 2 min read
AfDB Backs Egypt’s 500MW Solar Project with $66m Financing
AfDB's investment in Egypt's Dandara solar project showcases how renewable energy can power industry, attract private capital and strengthen Africa's transition to cleaner manufacturing.
• 3 min read
Burkina Faso Targets Sharp Cut in Power Imports with New 119MW Plant
Burkina Faso has secured financing for its largest power plant, a 119MW facility expected to cut electricity imports by more than half and strengthen the country's energy supply by 2027.
• 3 min read
$20m Guarantee to Power Nigeria's Rural Mini-grid Expansion
Nigeria's mini-grid programme is set to connect 340,000 people as climate finance deal unlocks $20m.
• 3 min read
Nigeria Targets Climate Funding with New Electric Cooking Roadmap
The government is preparing funding proposals to draw investment into electric cooking, hoping to move millions off firewood and charcoal. The ambition runs into a stubborn fact: around 167 million people still lack access to clean cooking,
• 2 min read
Taraba Targets Power Shortage with $98m Solar Project
A major financing package from EBID will support solar power and industry as Taraba moves to improve electricity supply.
• 2 min read
Mali Secures International Funding to Modernise Bamako Power Network
A new high-voltage transmission network planned for Bamako will connect 10,000 homes and businesses, improve power for industries, and create a stronger foundation for future solar energy projects in Mali.
• 1 min read
Axian Energy Secures $60m to Expand Renewables in Africa
The funding will help the pan-African renewable energy company accelerate new solar and energy storage projects across multiple African markets as demand for clean electricity continues to grow.
• 2 min read
WeLight Targets Nigeria’s Power Gap with $31m Solar Mini-grid Investment
New funding will help WeLight expand solar mini-grid projects in Nigeria as millions of people still lack access to reliable electricity.
• 1 min read
Ethiopia Urges Faster Action on Electrification and Climate Finance Access
Ethiopia has called for stronger global support to expand electricity access and lower financing barriers for developing countries as discussions intensify ahead of the next UN climate summit.
• 2 min read
Nigeria’s Power Reforms Attract over $2bn Private Investment
Private investors are increasing their presence in Nigeria’s electricity sector as new policies, infrastructure projects and market changes create fresh opportunities for power development and industrial expansion.