Key factors for project finance, potential risks, mitigation tools and more discussed during webinar held by BonelliErede in collaboration with RES4Africa Foundation ADDIS ABABA, Ethiopia, 27 May 2021 -/African Media Agency(AMA)/- BonelliErede a leading international law firm, along with the RES4Africa Foundation, an organisation dedicated to promoting renewable energy in Africa, recently held a webinar […]
The African Development Bank has committed $530 million to finance the construction of a 343 km, 400 kV central-south transmission line that will connect the north and south transmission grids in Angola and allow for the distribution of clean energy between the two regions. The north of Angola has a surplus of more than 1,000 […]
“The Bank’s partnership with IRENA will support Africa’s energy transition and our goal to achieve universal access to affordable, reliable, sustainable and modern energy in Africa by 2030.” – Bank VP Kevin Kariuki “This agreement represents the type of coordinated international cooperation that is the cornerstone of the realization of sustainable development in Africa and […]
The UK-funded Energy Security and Resource Efficiency in Somaliland (ESRES) programme is giving more people across Somaliland access to affordable, clean and renewable energy. Through a phased approach, ESRES in partnership with the Somaliland’s Ministry of Energy and Minerals (MoEM) is addressing the high costs of electricity in Somaliland. The diversification of Somaliland’s energy mix, […]
ABIDJAN - The Board of Directors of the African Development Bank Group has approved an equity investment of up to $ 25 million in ARCH Africa Renewable Power Fund (ARPF), a US$ 250 million private equity fund for renewable energy projects across Sub-Saharan Africa. According to the statement from the Bank, ARPF will provide equity for […]
LILONGWE - Uganda, Burundi, Malawi, Zambia and Benin have made significant progress in de-risking renewable energy projects in their countries in 2018. Since launching a year ago, the Regional Liquidity Support Facility (RLSF) has signed agreements with five countries ensuring that their Independent Power Producers (IPPs) receive protection against payment risks that often contribute to […]
Rikki Verma, Uganda’s Policy vision for Renewable Energy is to make renewable energy a substantial part of the national energy consumption. This is commendable given the current state of the global climate and dynamic weather conditions of this country. According to a sector brief by GIZ, about 50% of the population have access to any […]
Kenneth Engblom Vice President, Wartsila Energy, Europe and Africa, Africa’s energy future at a crossroad When it comes to building the future of energy in Africa, the decisions facing the continent’s leaders today are nothing less than of historical importance. More than anything else, energy systems are the very fabric of business and society. Countries across […]
Abidjan, 30 September 2021– The German government will contribute €100 million to the African Development Bank’s Sustainable Energy Fund for Africa (SEFA), affirming its commitment to efforts to tap Africa’s renewable energy potential and drive its transition to clean energy sources. The announcement came during the United Nations High-Level Dialogue on Energy, held in New York on 24 […]
Kampala, Uganda, Feb, 2023, Huawei today demonstrated its commitment to Africa’s energy transition, while also showcasing the full range of its latest solar PV and green home and business solutions, at the Solar Power Africa Conference in Cape Town, South Africa. In his keynote address to the conference attendees, Xia Hesheng, President of Huawei Digital […]
The Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group has issued a guarantee of $5.67 million to cover Kube Energy’s equity and debt investments in Kube Energy Somalia LLC for a period of up to 15 years against the risks of expropriation and war and civil disturbance. This is MIGA’s first project in […]
Ensuring access to efficient, reliable, modern and sustainable energy for all Africans is critical to achieving transformative and inclusive development that promotes and enhances economic, human and social development in the continent, Africa Union chairperson Moussa Faki Mahamat has said. The AU chair said that Africa’s huge and relatively untapped energy resources are opportunities waiting […]
Dr. Joseph Kobusheshe, The term “energy transition” has been widely used to refer to the shift from use of fossil fuels that include oil, gas, and coal (which are the primary sources of Green House Gas (GHG) emissions) to renewable energy sources like solar, wind, hydropower and geothermal. It is argued that this shift must […]