IBL Energy and STOA Acquires Majority Stakes in Equator Energy

A consortium of investors has entered into a share purchase agreement to acquire a majority stake…

IBL and Stoa Invest in Equator Energy

Via Equator Energy, two financial institutions are promoting the growth of renewable energy in Africa. The…

Chad Nationalizes Doba Project

After losing one round in an international arbitration court, Chad has nationalized its Doba upstream oil…

Donors Pledge Over $8 billion to Energy Projects in the Horn of Africa

Development partners have pledged $8.7 billion to address alarming hunger in the Horn of Africa. Nearly…

ISA, UNDP Launch Pilot Projects on Scaling Solar Applications for Agriculture

International Solar Alliance (ISA) and United Nations Development Programme (UNDP) announced the launch of Scaling Solar…

$160 billion worth of projects on the Table at the Second African Infrastructure Financing Summit

The 2nd Dakar Financing summit For Africa’s Infrastructure Development has opened in the Senegalese capital with…

USADF Calls for Proposal to Finance Local Off-Grid Companies

The US African Development Foundation (USADF) is launching a call for proposals for African off-grid energy…

Kenya Commences Electricity Import from Ethiopia

Kenya commences electricity trade with Ethiopia. The USD500 million line to Kenya can transmit 2,000 MW…

ETHIOPIA: Ethiopia Earns $90 Million in Electricity Exports in 2020

  Ethiopia earned $90 million in electricity exports in 2020 EEP has announced revenues for the…

Africa Unlikely to Meet Universal Electricity Access Targets – UNECA

  Electricity access in 24 African countries is below 50%. Africa needs a $40m annual investment…