Finance
We discuss finance as it concerned Africa
Focus
• 51 sec read
African Development Bank Approves $58m for Clean Energy in Eritrea
The funding will ensure the expansion of clean electricity in Eritrea, powering irrigation, small businesses, and benefitting 306,000 people under the Desert to Power initiative.
• 57 sec read
Nigeria, Germany to Revive Siemens Power Project
Nigeria and Germany are reviving engagement on power-sector cooperation, including plans to restart the Siemens transmission project and explore financing support, following a phone call between President Bola Tinubu and Chancellor Friedrich Merz.
• 2 min read
Nigeria Launches BOGA Fund Programme to Support Transition Beyond Oil
Designed to assess both the challenges and prospects of the energy transition, the Beyond Oil and Gas Alliance (BOGA) Fund Programme will steer the country away from oil dependence.
• 2 min read
AU Summit 2026: Security, Climate Crises Dominate Agenda in Addis Ababa
African leaders meeting at the AU Summit in Addis Ababa are placing climate risk, energy transition, and economic financing at the centre of discussions, as conflicts, floods and drought intensify pressure for faster policy action across the continent.
• 47 sec read
Togo Allocates $126.6m to Advance Energy Goal in 2030
The allocation will expand electrification, strengthen grid infrastructure and support energy reforms aimed at achieving universal electricity access by 2030.
• 1 min read
AfDB Approves $800m LEAF Programme to Expand Decentralised Renewables Across Africa
Focused on expanding off-grid and decentralised renewables, the approved LEAF programme supports six African countries in delivering electricity to six million people and crowding in private investment.
• 48 sec read
SolarAfrica Builds 114 MW SunCentral 2 Solar Plant
The SunCentral 2 solar project is geared to deliver its first power supply by 2026.
• 50 sec read
World Bank Approves $150 Million to Support Power Services, Water in Gabon
According to the World Bank, 90% of Gabon’s urban population has access to basic water services, while 94% has access to electricity.
• 1 min read
Nigeria Hands Over Africa Energy Bank HQ Ahead of Planned June Launch
Nigeria has completed the handover of the permanent headquarters of the Africa Energy Bank in Abuja, clearing a key operational step ahead of the bank’s planned launch in June to support oil and gas financing across Africa.
• 46 sec read
Zambia’s Ilute 32MW Solar Project Reaches Financial Close
The 32MW Ilute Solar Project in Zambia has reached financial close after securing US$26.5 million in blended financing, enabling construction to begin. The project will sell power through a market-based offtake model, avoiding sovereign guarantees and marking a shift in how renewable energy projects are financed in the country.