World Bank approves US$335m to scale up rural electrification in Tanzania

TANZANIA – The World Bank approved additional financing of US$335 million to support Tanzania’s efforts to scale up grid extension and grid densification, following the country’s achievement as one of the fastest electricity access expansion rates in Sub-Saharan Africa over the past decade. The new International Development Association (IDA) credit to the Tanzania Rural Electrification Expansion Program (TREEP) will facilitate…

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Scatec signs power purchase agreement for construction of solar PV facility in Botswana

BOTSWANA – Renewable energy solutions provider Scatec and the Botswana Power Corporation (BPC) have signed a binding 25-year power purchase agreement (PPA) for the construction of a solar photovoltaic (PV) facility with a contracted capacity of 50 MW at Selebi Phikwe. Scatec owns 100% of the project and will be the designated engineering, procurement and construction company, asset manager, and…

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ECOWAS, Nigeria and Morocco sign MoU for Nigeria-Morocco gas pipeline megaproject

AFRICA – ECOWAS, the Federal Republic of Nigeria and the Kingdom of Morocco have signed a Memorandum of Understanding (MoU) for a gas pipeline project. According to a published joint communique, the Memorandum of Understanding attests to the commitment of ECOWAS and all the countries crossed by the gas pipeline, to contribute to the feasibility and technical studies, the mobilisation…

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Ghana signs MoU with ATI to promote access to reliable, clean, and affordable electricity

GHANA – The Government of Ghana has signed a Memorandum of Understanding (MoU) with the African Trade Insurance Agency (ATI) for the rollout of the Regional Liquidity Support Facility (RLSF) within the country. The MoU is in line with the government’s mission to promote access to reliable, clean, and affordable electricity. RLSF, a joint initiative of ATI, the KfW Development…

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IFC, Scatec and EDF sign agreement to co-develop hydropower project in Malawi

MALAWI – The Government of Malawi (GOM), IFC, Scatec and EDF have signed a binding commercial agreement to undertake the co-development of the Mpatamanga hydropower project. The agreement, signed under Malawi’s Public-Private Partnership framework, concludes the selection process undertaken by the Government of Malawi to competitively select a private sector partner to finance, build, and operate the Mpatamanga hydropower plant.…

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Angola to offload stake in national oil company Sonangol EP and diamond firm Endiama

ANGOLA – Angola plans to complete the sale of stakes in national oil company Sonangol EP and diamond firm Endiama within the next five years. According to the chairman of the government’s asset-management agency the two companies were among the largest of 195 state-owned firms and assets the government initially earmarked for disposal between 2019 and this year. The onset…

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AfDB and AfCFTA sign US$11.24m institutional support grant agreement

AFRICA – The African Development Bank (AfDB) and the African Continental Free Trade Area (AfCFTA) Secretariat have signed a US$11.24 million institutional support grant agreement. The Protocol of Agreement is an US$11.24 million support package meant to enhance the Secretariat’s effective implementation. The AfCFTA Secretariat, currently in phase II of its implementation phase, will benefit from this support package, which…

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Kenyan Government to pilot green hydrogen production, improving the country’s grid

KENYA – The Government of Kenya has announced, through the Energy Cabinet Secretary Monica Juma, plans to pilot green hydrogen projects. This is part of their efforts toward the provision of clean, affordable and sustainable energy. Juma, who spoke during the Kenya Power’s inaugural Manufacturers, Technology and Innovation Expo opening, said the move will assess the feasibility of large-scale green…

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Côte d’Ivoire receives US$104m financing from Standard Chartered Bank

CÔTE D’IVOIRE – The Standard Chartered bank has announced a €104 million (US$104.84m) of social loan financing for the Republic of Côte d’Ivoire’s Ministry of Economy and Finance, to rehabilitate a critical transport route in the South of the West African country. The funds go towards upgrading a stretch of the ‘coastal’ road that connects the country’s two main port…

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Togolese government launches new platform to simplify visa process for travellers

TOGO – The Togolese Republic has announced the completion and re-launch of its electronic visa issuance system (e-Visa), Togo VOYAGE. The fully-digitized website marks an important milestone in the government’s Digital 2025 Strategy. The homegrown solution aims to simplify and streamline the entire visa process for travellers. The new system will allow applicants to complete the application process (including submission…

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