At its 39th Board meeting on July 19, 2024, the Green Climate Fund (GCF), the world’s…
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AfDB Grants $1 Billion Loan to Transnet
The African Development Bank Group (AfDB) has approved a 25-year, $1 billion (ZAR 18.85 billion) loan…
South Africa to Raise $2.4 Billion from Energy Transition Pact
South Africa‘s National Treasury has noted that it expects as much as $2.4 billion to flow…
Nigeria Secures $2 Billion in Renewable Energy Investments
President Bola Tinubu revealed at the 3rd Africa Natural Resource and Energy Investment Summit (AFNIS) on…
Nigerian Universities Struggle Under Crushing Electricity Tariffs
Nigerian universities are struggling with excessive electricity tariffs imposed by electricity distribution companies (DISCOs). As highlighted…
USAID Launches N115 Billion ‘Empower Nigeria’ Programme With the Ministry of Power
On Wednesday, July 10, the United States Agency for International Development (USAID) announced a N115 billion…
Senate Calls for Urgent Action on Stalled Mambilla Power Project
In a significant move, the Senate passed a resolution on Thursday, July 4, advocating for immediate…
World Bank Targets $20 Billion in Annual Guarantees
The World Bank Group launched a new loan and investment guarantee platform on Monday, July 1,…
World Bank Approves $1.5 Billion for India’s Energy Expansion
The World Bank approved $1.5 billion to accelerate India’s low-carbon energy expansion. This funding, part of…
Egypt’s $10 Billion Wind Power Project Delayed Until 2026
The construction of a $10-billion wind power project in Egypt, one of the world’s biggest, will…