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Subscriber

Dublin-headquartered Kenmare Resources anticipates spending up $25m on power infrastructure upgrades in 2026-27 to supply its Moma titanium minerals mine on the coast of Nampula province, 160km south of Nampula city.

Mozambique
Subscriber

Kinross Gold Corporation’s 42MWp solar PV and 18MW storage plant, which is under construction at the Toronto Stock Exchange (TSX)- and New York Stock Exchange (NYSE)-listed firm’s Tasiast gold mine, is due to be completed by year-end.

Mauritania
Subscriber

Australian Securities Exchange (ASX)-listed graphite miner and processor Syrah Resources has signed two new offtake agreements with American active anode material (AAM) processors for offtake from its Balama mine in Cabo Delgado province. Balama is the world’s largest facility outside China producing natural graphite, which is far less emitting than its synthesised counterpart. Major new demand from US-based buyers would mark a sea change in its marketing, as in 2022 China made up 64% of Syrah’s sales by revenue.

Mozambique
Subscriber

London- and Toronto-listed Endeavour Mining has started construction of a 37MWp solar PV plant, with 16MW of storage, at Senegal’s largest gold mine, as it further develops the Sabodala-Massawa resource. The West Africa-focused miner also reports progress on its 225kV transmission line in Côte d’Ivoire

Senegal | Côte d'Ivoire
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Industrial conglomerate Devki Group has announced plans to develop a wind farm to supply electricity to its subsidiary National Cement Company’s Sebit cement plant in West Pokot county. The plans also include a heat waste recovery element.

Kenya
Free

Nigeria’s Starsight Energy and South Africa’s SolarAfrica said on 1 August they had completed their merger deal, first announced in September 2022. The deal creates one of Africa’s largest renewable energy-focused commercial and industrial players.

Ghana | Nigeria | South Africa
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Sibanye-Stillwater is investing in wind and solar procurement to power its operations across South Africa, as the mining and metals multinational seeks to offset poor electricity supply from state utility Eskom and achieve decarbonisation targets.

South Africa
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Project bulletin

Centamin on 26 July announced the completion of preliminary work to expand its solar PV plant at the Sukari gold mine, near Marsa Alam on Egypt's Red Sea Coast. Centamin also said that qualifying tenders for Sukari’s connection to the grid had been received.

Egypt
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The African Development Bank (AfDB)’s $50m package to develop the Dekemhare 30MWp solar PV and 15MW/30MWh battery storage plant, approved in April, was a notable exception to the position of most multilateral and bilateral financiers, who prefer to avoid Eritrean projects.

Eritrea
Issue 488 - 23 July 2023

Nigeria: Rensource raises $15m debt

Free

Lagos-headquartered commercial and industrial (C&I) developer Rensource has closed a $15m debt finance facility with Afrigreen’s Debt Impact Fund.

Nigeria
Subscriber
Project bulletin

Barrick Gold has provided details of its plans to add solar PV capacity with battery energy storage at the Kibali gold mine, where its activities are now powered by off-grid hydroelectric power and diesel capacity. Kibali, Africa’s largest gold mine, is owned by Barrick in a joint venture with Johannesburg-headquartered AngloGold Ashanti and parastatal Société Miniére de Kilo-Moto (Sokimo).

DR Congo
Subscriber

Aqua Power’s small-scale liquefied natural gas project will supply AngloGold Ashanti’s Iduapriem mine in Tarkwa, Ghana, as a major miner offtakes gas via a ‘virtual pipeline’ – a solution for providing C&I baseload with considerable potential for growth across sub-Saharan Africa.

Ghana
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Project bulletin

Toronto Stock Exchange-listed developer NextSource Materials has confirmed that the solar-hybrid-storage development for its Molo graphite project in Madagascar has been completed. Nairobi-headquartered CrossBoundary Energy developed the solar/diesel hybrid plant, which also includes battery energy storage capacity.

Madagascar
Subscriber

The Cygnum Capital-managed Facility for Energy Inclusion has advanced a $30m loan to Equator Energy to help the Nairobi-headquartered C&I developer grow its business across Africa.

Kenya | Gambia | Somalia | South Sudan | Uganda | Zimbabwe
Subscriber

Madagascar’s pivot to renewable energy is gathering steam, with hydropower capacity set to triple and on-grid solar to double by the end of the decade. The displacement of expensive and polluting thermal capacity should help to rebalance the economy and expand electricity access rates which are among the world’s lowest, writes Marc Howard.

Madagascar