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The Islamic Development Bank has signed loan agreements totalling $51.7m to finance the last phase of Morocco’s rural electrification programme (Perg)
Evolution One Fund, a ZAR700m ($98.53m) clean technology private equity fund, has committed to invest up to ZAR146m in Red Cap’s 100MW Kouga wind farm, in the Kouga municipality of Eastern Cape province, 70km south-west of Port Elizabeth
Edinburgh-based Bowleven has raised $113m through a placing of 22m new shares at £3.27/share to finance a stepped-up exploration programme in the Douala Basin
Egypt Hydrocarbon Corporation (EHC), an affiliate of the local Carbon Holdings, has announced that it has concluded financing worth $298m and begun work on a world-scale chemical complex in the Suez region
The African Development Bank is considering a $550m loan to finance the 650MW Suez steam-cycle thermal power plant project
A multi-billion dollar chunk of an estimated $5bn-6bn payments backlog accumulated by Nigerian National Petroleum Corporation (NNPC)’s fuel importing arm has been paid this autumn, African Energy has been told
The European Investment Bank (EIB) has signed agreements for a €500m ($718m) loan to the Medgaz project company for the construction of a gas pipeline between Algeria and Spain
The government in Kinshasa is looking to impose President Joseph Kabila Kabange’s vision of how the world should do business with Democratic Republic of Congo, as it struggles to work with a pitifully small state budget, substandard governance and a woeful lack of human resources to meet huge demands for everything from basic health and education services to building transport, energy and other infrastructure almost from scratch
The African Development Bank’s concessional loans arm is considering a UA93.75m loan and UA58m grant for a project to improve the electricity transmission system
As Ghana prepares for first oil from the Jubilee field, the syndication of a $500m pre-export loan for Ghana National Petroleum Corporation (GNPC) is on track to close in the weeks ahead, according to political risk insurance (PRI) market sources close to the deal.
Hopes that long-delayed elections could end a decade-old political crisis looked set for disappointment as African Energy went to press, with President Gbagbo showing no sign of accepting defeat
Kenya Power and Lighting Company is holding a rights issue to raise up to KSh10bn ($119m) to finance upgrade projects
After years of trying to get the Mmamabula power project off the ground, CIC Energy Corporation has been bought by coal-hungry Indian power developer JSW Energy
The re-emergence of controversial former vice president Atiku Abubakar as presidential candidate for a group of powerful northern elite factions has added some very Nigerian spice to the 2011 presidential election
Construction work on the milestone 36MW wood-chip burning power plant in Monrovia is set to begin in early 2011, according to its sponsor
