OPEC Funds New Power Transmission Line in Tanzania

A new US$60 million loan by the OPEC Fund for International Development (the OPEC Fund) and…

OPEC Fund to Support New Power Lines for Clean Power in Tanzania

On Thursday, The OPEC Fund for International Development said it would provide a USD-60-million (EUR 55m)…

Spiro to Expand Operations to East Africa

Spiro, the largest EV platform in Africa, now has over 6,000 electric motorcycles and scooters and…

UNDP Supports Project combines Solar and Agriculture in 9 Countries

The International Solar Alliance (ISA) and the United Nations Development Programme (UNDP) recently launched the Large-Scale…

AfDB, AFD to Fund the Kakono Hydropower Plant with $276 million in Tanzania

The Kakono hydropower project in Tanzania is proceeding as planned. Both the African Development Bank (AfDB)…

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…

Nigerian Builds Lightweight Batteries to Solve the Country’s Energy Crisis

Entrepreneur Olugbenga Olubanjo is offering an alternative. His company Reeddi rents out small, lightweight solar-powered batteries…

EAIF 2023: Engie Wagers on Carbon Credits for Access to Electricity

The electrification of Africa could be supported through carbon credits. The partnership between Engie Energy Access,…

Masdar to Support Côte d’Ivoire’s Clean Energy Goals

Masdar has announced the signing of an agreement with the Ministry of Mining, Petroleum and Energy…