AfrElec - Africa Power Monitor

NORAD grants Africa-focused renewable energy developer Axian $1mn for investment in African projects

Africa-focused renewables developer Axian Energy (Axian) has received a $1mn grant from the Norwegian Agency for Development Cooperation (NORAD) to finance early-stage activities at projects in four African countries.

Zambian college signs MoU with Vision Hitech of China to build 20MW solar farm

Zambia’s Kafue Gorge Training Centre (KGTC) has started building the first phase of a 20-MW solar project, which is expected to be completed by December this year.

Kenya Power sees record electricity demand amid growing economy

Kenya’s national electricity demand hit a record 2,439 megawatts (MW) on December 3, 2025, the highest in the country’s history.

South Africa may turn to banks or bonds to help achieve Eskom decarbonisation, says energy minister

South Africa is struggling to access more than $13bn pledged by Western partners to support Eskom’s decarbonisation, as the financing terms are too costly, Energy Minister Kgosientsho Ramokgopa says.

SAPVIA raises concerns over planned unbundling of South Africa’s national power utility

The South African Photovoltaic Industry Association (SAPVIA) has expressed concerns about the revised unbundling strategy for the state-run power utility Eskom.

Neo Energy secures $10.1mn funding to advance South Africa uranium project

Neo Energy Metals has secured up to $10.1mn in strategic funding from a UK investor to advance its Beatrix uranium and gold project in South Africa, as rising nuclear demand revives interest in previously mothballed mining assets.

Nigeria power sector debt hits $7.2bn with GenCos paying just 36% on invoices, threatening bond plan

Nigeria’s power sector debt has climbed to $7.2bn after generation companies received barely 36% of invoiced payments in 2025, raising doubts over the effectiveness of the government’s new bond programme aimed at easing liquidity pressures.

India’s IREDA lends $22.5mn for 100MW solar project in Zambia via subsidiary

India’s state-owned renewable energy lender IREDA, through its offshore arm IGGEFIL, has approved a $22.5mn green loan to Swarna Solar to develop a 100MW solar power project in Zambia, marking the group’s first international lending deal.

Nigeria's Geregu Power declares $15.8mn dividend on 2025 results

Geregu Power Plc has declared a cash dividend of NGN9 ($0.0063) per share for the 2025 financial year, amounting to NGN22.5bn ($15.8mn)

Sudan’s Giad Group to launch first EV production in Q1 2026

Sudan backs Trump-led mediation initiative on Nile water dispute

Canadian group ReeXploration secures funding for uranium exploration at Eureka Project in Namibia

Canadian company ReeXploration (TSXV: REE, FSE: K2I0) has announced that its 2026 uranium exploration campaign at its Eureka Project in Namibia is now fully funded.

Africa’s green hydrogen projects stall as offtake gaps persist, warns EIC

Africa’s green hydrogen ambitions are slowing as most projects lack binding offtake agreements and critical infrastructure. The EIC finds only two small plants operating despite $194bn in planned investments.

Tanzania seeks international investment to expand geothermal power sector

Tanzania is intensifying efforts to attract foreign investors to its geothermal energy sector as it advances plans to exploit its vast resources to provide affordable and reliable electricity

Zambian utility Zesco signs 20-year PPA with Canadian firm Stardust for a proposed 30MW solar project

Stardust Solar Energy Inc.has secured a 20-year power purchase agreement (PPA) in Zambia to support a planned 30-MW) solar project, which is set to reach commercial operation later this year.

South Africa leads continent’s renewable energy transition, says Forvis Mazars

South Africa offers major investment opportunities across wind, solar, biofuels and green hydrogen, according to Forvis Mazars, supported by strong policy frameworks, private-sector participation and rising clean-power generation.

Nigerian DisCos lose $31.17mn to inefficiencies in October 2025

Nigeria’s electricity distribution companies lost NGN44.27bn ($31.17mn) in October 2025 due to billing and revenue collection inefficiencies, according to data published by the Nigerian Electricity Regulatory Commission

Angola signs power purchase deal for 150MW solar project with UAE firm Masdar

UAE clean energy group Masdar has signed a power purchase agreement (PPA) for its 150-megawatt (MW) Quipungo Solar Photovoltaic project in Angola, it announced on January 11.

Data centre boom can position Africa as key player in global digital economy, says AEC

China-backed OrPower 22 to add 35MW geothermal power to Kenya grid in March

China-backed OrPower 22 will start supplying 35MW of geothermal electricity to Kenya Power (NSE:KPLC) from March 2026 after completing its $92mn plant at Olkaria.

Ghana pays $1.47bn to clear energy debt, restore World Bank guarantee under Mahama

Ghana paid $1.47bn in 2025 to stabilise its energy sector, clearing arrears and restoring a $500mn World Bank guarantee that underpinned the Sankofa gas project.

Kenya’s High Court orders NSE-listed KPLC to execute $46.51mn smart meters deal with Chinese firm

Egypt signs $1.8bn renewable energy and battery manufacturing projects

Egypt has signed several agreements and contracts to establish two integrated projects in renewable energy and local manufacturing of its components, with total investments exceeding $1.8bn.

Denmark’s Impact Fund backs Africa GreenCo with $6mn loan for Southern Africa renewables

Nigeria lithium push gathers pace as Chariot explores China-linked offtake and processing

Chariot Resources (ASX:CC9) has signed a non-binding MoU with Chinese lithium trader Fujian Jinjianqiao New Energy Technology to explore offtake, funding support and potential in-country processing for its Nigerian lithium portfolio.