The International Finance Corporation (IFC) announced a $30 million equity investment in the Africa Infrastructure Investment…
Search Results for: power sector
ATIDI to Support 20MW Solar Project in Uganda
African Trade & Investment Development Insurance (ATIDI) announced its plans to support the 20 megawatts Ituka…
World Bank Grants Iberdrola €300m to Develop Renewable Projects
The World Bank’s private sector investment arm, the International Finance Corporation (IFC), has granted Iberdrola, a…
Suzlon Energy Wins Contract to Supply Turbines for 225MW Wind Project
Indian Suzlon Energy Ltd has been awarded a contract to supply turbines for a 225 MW…
BUA Group to Set Up 700-ton LNG Project in Nigeria
BUA Group, a food, mining, manufacturing, and industrial conglomerate in Africa, has signed an agreement with…
FG Spends N375.8bn on Electricity Subsidy in Q1 to Q3 2023
The Federal Government spent N375.8 billion on electricity subsidies in the first, second and third quarters…
EU Approves €140m for Green Hydrogen, Biomethane Production
In line with the Green Deal Industrial Plan, the European Commission has approved a €140 million…
World Bank Funds Clean Energy in Nigeria
The World Bank allocates $750 million for clean energy projects in Nigeria. This move addresses the…
BasiGo Secures BII’s $5m Loan for EV Assembly
BasiGo has received a $5 million (KSh766.7 million) loan from British International Investment (BII) to support…
COP28: Nigeria Signs MoU for 1GW Solar Plant
Nigeria has signed a memorandum of understanding to launch a 1GW Solar PV Manufacturing plant. This…