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Issue 371 - 14 June 2018

Kenya: Funding approved for Quantum’s Menengai IPP

The African Development Bank (AfDB) on 6 June approved a $29.5m senior loan and a $20m concessional loan from the Climate Investment Funds’ Clean Technology Fund (CTF) for Quantum Power East Africa’s Menengai geothermal project in Kenya. The project is one of three 35MW...

Issue 371 - 14 June 2018

Kenya

Issue 371 - 14 June 2018

Botswana: Tlou Energy raises funds

Tlou Energy announced on 6 June that it had completed a £1.4m ($1.9m) share placing to raise funds to progress its coalbed methane (CBM) project and launched an entitlement offer to raise a further £3.2m.Tlou, whose shares are listed on London’s AIM and the Australian Stock...

Issue 371 - 14 June 2018

Botswana

Issue 371 - 14 June 2018

Equatorial Guinea: Malabo calls on IMF help

The International Monetary Fund (IMF) on 4 June announced approval of a staff-monitored programme (SMP) for Equatorial Guinea as the country struggles to reduce its dependence on oil. The IMF said the SMP, which does not include funding, will help to build a track record of...

Issue 371 - 14 June 2018

Equatorial Guinea

Issue 371 - 14 June 2018

Ghana: ECG concession injunction dismissed

The High Court in Accra on 8 June dismissed an application for an interlocutory injunction to prevent the signing of a concession agreement for the operation and management of Electricity Company of Ghana (ECG) by China’s BXC Company. The Millennium Development Authority (MDA),...

Issue 371 - 14 June 2018

Ghana

Issue 370 - 31 May 2018

Korea-Africa Energy Investment Facility launched

The South Korean government and the African Development Bank (AfDB) on 22 May signed a letter of intent to launch the Korea-Africa Energy Investment Facility to support the New Deal on Energy for Africa, which aims to achieve universal access to energy.The agreement was signed...

Issue 370 - 31 May 2018

Africa

Issue 370 - 31 May 2018

EEP Africa grant window opens

The Nordic Development Fund (NDF) and Energy and Environment Partnership covering Southern and East Africa (EEP Africa) on 15 May launched the latest grant window, seeking applications from early-stage off-grid and on-grid clean energy projects in the active development phase in...

Issue 370 - 31 May 2018

Africa

Issue 370 - 31 May 2018

Emergent superpower China can’t be reduced to hero or villain

In this still young century, China has emerged as by far Africa’s biggest economic partner, establishing a vast footprint across the continent at breakneck speed. As many ties with the west have declined – especially following the 2008-09 global financial crisis – Chinese...

Issue 370 - 31 May 2018

Africa

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