AREF II Raises €130m for Clean Energy projects in Sub-Saharan Africa

The Africa Renewable Energy Fund II (AREF II) has raised a total of €130 million. The…

G7, DFIs to Invest over $80 billion in Africa’s Private Sector

G7 countries plan to invest $80 billion over the next 5 years. The investment will focus…

Developing Economies Need $1Tr Clean Energy Investment to Achieve Net-Zero – IEA

An IEA report estimates that clean energy investment in the developing world needs to increase by…

Namibian Bank Raises Over $16m from Country’s First Sustainability Bond

Bank Windhoek issued US$16.72 million worth of sustainable debt. The country had issued its first green…

IFC Invests in Romania’s First Green Bonds

IFC has invested €59.6 million in Romania’s second green bond. The proceeds from the bond will…

World Bank Approves Financing for Increased Energy Access in Zanzibar

The funds are part of the ZESTA project that aims to expand clean energy access. The…

Three Off-Grid Power Plants Set to Power Three Cities in the D.R. Congo

A consortium of Gridworks, AEE Power, and Eranove will deploy three off-grid projects in the DRC.…

Sudanese Bank Launches Green Sukuk for Clean Energy Projects

Sudanese Bank has launched a green energy bond. The fund will finance renewable projects for commercial…

AfDB Extends Grant to Accelerate Energy Transition in Africa

The AfDB, through the Sustainable Energy Fund for Africa (SEFA), has extended a $1 million grant…

Off-Grid Markets Slowly Recovering from Covid-19 Pandemic – GOGLA

GOGLA’s report indicates that the off-grid market is slowly recovering following the Covid-19 pandemic. West and…