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Cash-strapped South African state utility Eskom says it has used debt and its own cash to finance power transmission infrastructure projects that could unlock more grid capacity in the next few years as market operator NTCSA prepares for operation.

South Africa
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In a major investigation, African Energy’s editorial and data teams have probed unanswered questions about South Africa’s energy transition, which is being shaped by large corporations and their need for reliable, low-carbon power. The results show a booming private sector electricity market that is also unpredictable and freighted with risk for all participants.

South Africa
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Ghana’s independent power producers (IPPs) are moving closer to a deal with the government over its arrears, as a wider – and long-awaited – multilateral debt restructuring package led by the International Monetary Fund (IMF) and World Bank Group (WBG) slowly comes to fruition.

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Organisers made big claims about investment flows at the AfDB-backed Africa Investment Forum 2023 Market Days event in Morocco, James Gavin reports from Marrakech.

Morocco
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 Sources say five more turbines are expected to come online at the Grand Ethiopian Renaissance Dam in the coming months, adding a huge amount of capacity to the grid, even as questions remain over the megaproject’s economic impact and whether the infrastructure exists to increase exports. Meanwhile, Ethiopia faces the prospect of renewed conflict as tensions ratchet up with neighbouring Eritrea, writes Our Ethiopia Correspondent.

Sudan | Ethiopia | Eritrea
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Tullow has agreed a $400m, five-year debt facility with commodities trader Glencore Energy, giving the UK indie a financial boost. The two sides have also agreed two oil marketing and offtake contracts, which will run concurrently with the debt agreement.

Ghana | Gabon
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A group of multinational investors led by the International Finance Corporation (IFC) have provided finance for the development of the 35MW Kinguélé Aval hydroelectric power plant in Gabon’s Estuaire region.

Gabon
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Some pessimistic observers are heralding the end of the independent power producer (IPP) era, with the potential demise of actors and project models that have dominated private sector investment in electricity generation since the 1990s. With criticism of IPP costs providing grist to populist mills across sub-Saharan Africa (SSA) – feeding into narratives of western ‘exploitation’ and anger over rising living costs – politicians have been calling for change, while developers are finding market conditions ever more challenging.

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With first oil expected from Lake Albert by early 2026, an array of associated infrastructure is under development, including the controversial Eacop pipeline. Shunned by western financiers, Chinese debt is expected to rescue Eacop, with a financing package due to be finalised in the coming weeks. Kampala has also signalled its appetite to intervene in energy markets by taking a majority stake in the Kabalega refinery, writes Marc Howard in Hoima.

Uganda | Tanzania
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With oil field developments proceeding at pace, the Kampala government has signalled its intention to play a more robust role in economic management, with plans to renationalise the electricity distribution network and take an expensive majority stake in the Kabalega refinery development. Meanwhile financing for the Eacop pipeline is expected to close soon, with Chinese lenders stepping in where western financiers have refused to go, writes Marc Howard, recently in Kampala and Hoima.

Uganda
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The World Bank has agreed to extend $1bn to South Africa to help the government’s energy security goals and the transition to a low carbon economy. The development policy loan is expected to help with restructuring of the power sector through the unbundling of state-owned power utility Eskom, as well as encouraging private investment in renewable energy.

South Africa
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Dubai-based port operator DP World has signed a 30-year concession with Tanzania Ports Authority (TPA) to operate and modernise Dar es Salaam Port.

Tanzania
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The International Finance Corporation (IFC) and Emerging Africa Infrastructure Fund (EAIF) are anchor investors in a bond issue intended to support a government-led programme to connect more low-income households to the national grid.

Côte d'Ivoire
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The International Monetary Fund has agreed a new $253m programme to help Nouakchott strengthen its resilience to climate shocks and accelerate its transition to clean energy.

Mauritania
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US-based developer Husk Power Systems has secured funds from investors, which it will use to scale up its solar mini-grid developments in sub-Saharan Africa and South Asia. Husk – which was established in 2008 – claimed its new Series D funding was “the largest-ever equity raise in the mini-grid industry”.

DR Congo | Nigeria