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For Africans who depend on the environment for their livelihoods, human security is more closely tied in with the effects of climate change than it is elsewhere.

Free

COP26 opened with high-minded speeches and a welter of public and private sector commitments, as dozens of African nations said they would accelerate their own decarbonisation. Governments called for existing pledges to tackle environmental disaster to be met, underpinning a ‘just transition’ in which poorer economies aren’t penalised by big emitters’ plans to cut carbon.

Free

Egypt’s COP27 is likely to be a fractious affair after the illusory harmony of COP26 in Glasgow, reflecting the daunting scale of financial support African nations need to protect themselves from climate change impacts while achieving developmental goals and reducing greenhouse gas emissions. With developed nations’ budgets and stock of political capital for dealing with the climate crisis already depleted, African Energy’s monitoring of preparations for Sharm El Sheikh suggests it is becoming painfully clear that African negotiators’ demands cannot or will not be met at COP27.

Free

More information has emerged about the mix of finance that will support South Africa’s Just Energy Transition Partnership (JETP). An official source from a G7 country told African Energy “there is an amount of grant and technical assistance. It is significant but not enormous.”

South Africa
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Senegal is in line to receive $1bn in climate finance via the Africa Adaptation Acceleration Program (AAAP), a joint initiative of the African Development Bank (AfDB) and Netherlands-based climate foundation the Global Center on Adaptation (GCA).

Senegal
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Australia Securities Exchange (ASX)-listed Walkabout Resources has finalised a senior debt facility with London-headquartered energy and commodities investor Gemcorp.

Tanzania
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The state-owned Saudi Fund for Development (SFD) has agreed a $20m concessional loan to upgrade transmission and distribution (T&D) infrastructure in the Kamonyi district of Rwanda.

Rwanda
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Data trend

Analysis of procurement trends recorded on the African Energy Live Data platform shows that capacity procured through competitive auctions should add at least 15.1GW by 2027, with solar and natural gas adding an estimated 4.4GW and 4.3GW respectively, while wind and hybrid power will also make significant additions to the continent’s generation mix, writes Ajay Ubhi.

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Canada’s Ivanhoe Mines is expanding its use of hydroelectric power (HEP) wheeled across state utility Société Nationale d’Electricité (Snel)’s grid to support its mining activities in Democratic Republic of Congo’s Haut-Katanga province, which include the world-scale Kamoa-Kakula copper mine.

DR Congo
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Project bulletin

Empower New Energy has started construction of a 1MWp ground-mounted plant for Harvest Feed and Agro Processing in Ajura, Ogun State, Nigeria.

Nigeria
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Cairo-headquartered African Export-Import Bank (Afreximbank) announced on 2 October it had extended a $300m loan to Trident OGX Congo.

Congo Brazzaville
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Project bulletin

Sturdee Energy’s Bobonong and Shakawe solar PV plants have started commercial operations. The plants are among Botswana’s first renewable energy projects

Botswana
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The Opec Fund for International Development (Ofid) is expanding its Energy Compact partnership with Sustainable Energy for All (SEforALL) to accelerate access to clean cooking, with a focus on sub-Saharan Africa. 

Free

Arguments are intensifying over climate justice, the very meaning of climate finance, the role of gas as a transition fuel and – most of all – money. The combination of which means a ‘just energy transition’ that enables African nations to meet economic development targets seems a long way off.

Free

AIM-listed Chariot has appointed Société Générale’s London branch as its financial advisor to develop debt funding options for the offshore Anchois gas development in Morocco. 

Morocco