Wolemi Esan, the Deputy Managing Partner at Olaniwun Ajayi LP, has said that Nigeria’s electricity regulator,…
Tag: Africa
Saglev Launches First Nigerian-Owned Fully Assembled Electric Vehicle in Lagos
Saglev, an electric vehicle brand, was launched during the Lagos Auto Show, which was held between…
Despite Electricity, Forex Challenges, Africa Records 40% of Investments in Greenfield MegaProjects in 2022 – AfDB
In its January 2024 report on Africa’s economic performance and macroeconomic outlook, released February 16, 2024,…
Nigeria Has a N1.6 Trillion Shortfall in Wholesale Tariffs – Adebayo Adelabu
Adebayo Adelabu says Nigeria has a significant N1.6 trillion shortfall in wholesale tariffs.
As of 2023, Ghana, Kenya and Rwanda Led the Way in Africa for Power Grid Upgrades – IEA
In the International Energy Agency’s (IEA) October 2023 report on Electricity Grids and Secure Energy Transitions,…
Nigeria’s 2024 Electricity Act Amendment Allocates 5% of GenCos OPEX for Host Communities
President Bola Ahmed Tinubu has signed the 2024 Electricity Act (Amendment) Bill into law. The law…
EIB Funds Renewable Energy Worldwide
The European Investment Bank (EIB) approved EUR 1.6 billion (USD 1.72bn) for renewable energy and electricity…
IFC, SIMA Launch $150m Solar Green Bond for African Solar Developers
The World Bank’s International Finance Corporation (IFC), in partnership with Social Investment Managers and Advisors LLC…
OPEC Funds 55 Renewable Energy Projects with $1.7bn in Africa, Others
Several renewable energy projects in Africa have benefitted from the $1.7 billion financing from the Organization…
Italy Commits 5.5 Billion Euros For African Development
At the Italy-Africa Summit on January 29, 2024, Prime Minister Georgia Meloni unveiled a 5.5 billion…