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AfrElec’s covers coal and gas-fired thermal power, nuclear, renewables, hydro, combined heat and power (CHP), transmission, grid and storage. It also covers the political and investment decisions needed to improve access to electricity for Africa’s expanding population.
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Zambia to channel $275mn debt buyback savings into power infrastructure
Zambia will invest $275mn in electricity infrastructure using savings generated by its AfDB-backed $1.36bn Eurobond buyback, pioneering a debt-for-development financing model that aims to boost energy security, improve long-term fiscal sustainability
Congo targets higher oil and LNG output as investment momentum builds
The Republic of Congo is shifting from resource potential to commercially viable energy projects, strengthening its position as one of Central Africa’s most attractive oil and gas investment destinations.
Angola's Quilemba solar project nears completion as testing enters final phase
Angola’s 35-megawatt (MW) Quilemba Solar Project has reached 95% completion and entered the final testing stage ahead of its planned integration into the national power grid, Angop reported on June 22.
Arkle pivots to uranium with Namibia acquisition as exploration expands
Arkle Resources (AIM: ARK) is repositioning itself as an energy metals explorer centred on uranium following its recent acquisition of four exploration licences in Namibia, a move the company says will underpin its future growth strategy.
Atomic Energy secures environmental approval to advance Zambia uranium project
Atomic Eagle’s (ASX: AEU | OTCQX: AEUXF) Muntanga Uranium Project in Zambia has secured key environmental and social approvals, marking a major regulatory milestone that clears the way for future development of the asset.
Shumba starts construction on Botswana’s 100MW Tati solar project
Botswana-focused developer Shumba Energy has started constructing its 100MW Tati Solar Project after issuing a full notice to proceed to the appointed contractor, marking a major step in the country’s efforts to expand renewable energy generation.
Libya's NOC launches reverse-flow gas operation to power Ruwais Power Station
Libya's state-run utility National Oil Corporation (NOC) said that engineers at the country’s Mellitah Oil and Gas Field have successfully implemented an innovative reverse-flow operation to supply natural gas from the Mellitah industrial complex.
Shell unit Daystar Power expands Nestlé solar capacity to 7MW across West Africa
Daystar Power has expanded its partnership with Nestlé to nearly 7MW of installed solar capacity across four manufacturing facilities in Côte d'Ivoire, Ghana and Senegal
Namibia rolls out multi-billion-dollar transmission projects
NamPower is advancing a pipeline of multi-billion-dollar electricity transmission projects aimed at strengthening Namibia’s power grid, improving reliability and supporting future economic growth.
Zambia signs 500MW solar and battery deal with South Korea's KS Eco Solutions amid hydropower drop
Zambia has signed a deal with South Korea's KS Eco Solutions Holdings to develop a 500MW solar plant and a 500MWh battery storage system, as the country seeks to diversify away from hydropower.
Ghana power firm NEDCo closes in on $2.6mn debt target in northern revenue drive
The campaign forms part of broader efforts to improve NEDCo's finances and reduce system losses, which have long undermined the viability of electricity distribution in northern Ghana.
South Korean developers propose building 500MW solar project in Zambia, at cost of up to $900mn
South Korean developers led by KS Eco Solutions Holding Limited are proposing a $700mn-$900mn investment in a 500MW solar project in Zambia, to be built in ten phases and supported by a long-term power purchase agreement with ZESCO.
Zambia's Lunzua acquires 27% stake in 180MW Ngonye Falls hydropower project
Lunzua Power Company has agreed to acquire a 27% stake in Western Power Company to help complete the 180MW Ngonye Falls Hydroelectric Power Project in Zambia.
Anzana agrees indicative terms with CPEF for proposed $20mn investment supporting African hydropower, electricity distribution platform
The proposed facility is intended to finance near-term mergers and acquisitions and project development, with capital focused on operating and brownfield assets in Anzana’s core markets, including the Lobito Corridor.
Scatec starts construction of €96mn solar plant in Tunisia’s Sidi Bouzid
Norway's renewable energy firm Scatec (OSE:SCATC) announced the start of construction on the 120MW Sidi Bouzid 2 solar plant, after reaching financial close on the project, which carries investments of approximately €96mn.
World Bank backs Eastern Africa power grid integration with $1.6bn programme
The World Bank Group has approved a $1.6bn financing package for the RETRADE-EA, a 10-year initiative aimed at expanding cross-border electricity trade in east Africa and strengthening regional grid integration.
West Africa's BIDC secures $100mn AfDB backing for clean energy expansion
The African Development Bank Group (AfDB) has approved a $100mn financing package for the ECOWAS Bank for Investment and Development (BIDC), marking the first time a multilateral DFI has taken an equity stake in the West African lender.
Mission 300 investment platform Zafiri launches with $176m to support African distributed renewables firms
Zafiri, a new blended-finance vehicle launched under the Mission 300 initiative, has secured $176mn in initial commitments to support distributed renewable energy companies across sub-Saharan Africa.
A.P. Moller Capital buys Mainstream Renewable Power South Africa platform
A.P. Moller Capital has agreed to acquire Mainstream Renewable Power's South African business, gaining 148MW of operating and under-construction assets, 351MW of construction-ready projects and an 11.6GW development pipeline.
Tanzania completes $4mn power grid upgrades to boost electricity supply in central regions
Upgrades to Tanzania’s electricity transmission network worth more than TZS 10.5bn ($4mn) have been completed, extending improved power reliability to five districts in the country’s central corridor
Forsys names uranium sector veteran John Borshoff interim CEO to advance flagship Namibia project
Forsys Metals (TSX: FSY) plans to appoint veteran uranium executive John Borshoff as chief executive to accelerate development of its Norasa project in Namibia and pursue acquisitions aimed at building a diversified uranium portfolio.
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