At the United Nations Climate Change Conference (COP 29) in Baku, Azerbaijan, world leaders have pledged…
Search Results for: financial sector
KenGen Fines Kenya Power Sh710m for Late Electricity Payments
State-run electricity producer KenGen penalised Kenya Power Sh710.17 million for late payment of electricity it supplied for the…
UCH Ibadan Seeks Federal Government’s Intervention Over Power Outage Crisis
The University College Hospital (UCH) Ibadan faces a severe power supply crisis after being disconnected from…
AFD Invests €4 Billion to Support South Africa’s Shift to Renewable Energy
The Agence Française de Développement (AFD) has reaffirmed its commitment to supporting South Africa’s energy transition…
EBRD Considers Debt Finance for 1.1 GW Suez Wind Energy
The European Bank for Reconstruction and Development (EBRD) is considering senior debt financing of up to…
Lagos State Targets 4,000MW with New Gas Power Plant Bids
The Lagos State Government is inviting investors and energy firms to establish four gas-fired power plants…
FCMB Offers ₦30 Million Clean Energy Loans for Homes and SMEs
First City Monument Bank (FCMB) has boosted its energy finance loan, offering up to ₦30 million to…
Japan’s $43M Boost for Ecuador’s Geothermal Energy
Japan has granted $43 million for Ecuador’s Chachimbiro geothermal project, advancing the country’s energy diversification. The…
Nigeria Announces Launch Date for $5 Billion Africa Energy Bank
Nigeria has officially announced the launch of the Africa Energy Bank (AEB), a $5 billion initiative…
Akastor ASA Secures 75% Stake in AKOFS Offshore for $22.5M
Akastor ASA has acquired Mitsui & Co., Ltd.’s shares in AKOFS Offshore AS. This $22.5 million…