Nigeria to Fund Energy Transition with Revenue from Fossil Fuels

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said that despite calls…

IFC Invests $80m in African Renewable Energy Boost

The International Finance Corporation (IFC) commits $80 million to boost the Facility for Energy Inclusion (FEI)…

Zambia Unveils $200m Green Bond For Solar Energy Push

Zambia enters the green bond market with a $200 million program led by Copperbelt Energy Corporation…

Financing Clean Energy Projects: Opportunities and Challenges and Opportunities in Africa

Despite having one-fifth of the world’s population, Africa currently accounts for only 3% of global energy…

IFC Announces $30m Equity Investment in Africa Infrastructure Investment Fund

The International Finance Corporation (IFC) announced a $30 million equity investment in the Africa Infrastructure Investment…

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…

Scatec Signs $100m Loan with World Bank for Clean Energy in Africa

Scatec (Release) signed a $100 million loan agreement with the World Bank’s International Finance Corporation (IFC) to replace…

World Bank Funds Clean Energy in Nigeria

The World Bank allocates $750 million for clean energy projects in Nigeria. This move addresses the…

World Bank Approves $750m for Renewable Energy Project in Nigeria

The World Bank announced on Friday that it has approved the Nigeria Distributed Access through Renewable…

NIGERIA’S MEASURES TO PROTECT CONSUMERS FROM RISING ENERGY PRICES

Subsidies have been a primary tool the Nigerian government employs to mitigate the impact of rising…