Inspiring Africa's Sustainable Business Growth
SOUTH AFRICA – In line with its pursuit of brewing a better world, Heineken South Africa has officially launched its recently installed solar power plant at its Sedibeng, Midvaal brewery. The plant boasts of 14,000 panels having a significant 6.5MW of power, targeted to provide 30% of the brewery’s electricity demand. Unlike many solar plants in South Africa constructed in…
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KENYA – Biogas equipment firm Sistema.bio has secured KSh1.2 billion (US$9.89 million) from American impact business firm Native to run a carbon biogas programme in East Africa targeting smallholder farmers, reports Business Daily Africa. Under the three-year programme Sistema.bio will supply biodigesters affordably to small and medium dairy farms in Kenya, Uganda and Rwanda to cut their carbon emissions. The…
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EGYPT – KarmSolar, a leading solar energy company and multi-utility enterprise in Egypt, has secured EGP47 million (US$2.39m) in funding for the first financed solar Power Purchase Agreement (PPA) battery storage system in Egypt. The funding was from Qatar National Bank ALAHLI (QNB ALAHLI) with an advisory led by Ezdaher Financial Advisory, an Egypt-based debt advisory firm. This is part…
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KENYA – Family Bank in Kenya, a commercial bank, is teaming up with mobility start-up BasiGo, to pre-finance the purchase of its electric buses. Family Bank wants to support mobility start-up BasiGo in promoting sustainable transportation, as part of its CSR (Corporate Social Responsibility) approach. The partnership will offer BasiGo’s electric bus customers a flexible financing option that includes covering…
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KENYA – KCB Bank Group has announced that it has issued a KSh336 billion (US$2.77bn) in green loans over the last one-year to support projects that protect the environment. Transition to green financing helped push the bank’s green loan book portfolio from 4 per cent in 2020, to 8.4 per cent in 2021. Sectors invested heavily include real estate, renewable…
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DRC – The United States Agency for International Development (USAID) has allocated renewable energy company Baobab+ US$1.5 million to grow in the Democratic Republic of the Congo (DRC), giving access to electricity to enable access to finance. “We sincerely thank DIV for their support. This grant was key to our development. It allowed us to expand in the DRC and…
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MEA – Yellow Door Energy, A renewable energy developer has raised US$400 million in a new funding round led by British private equity company Actis, the company’s largest stakeholder, as it plans expansion into new markets. The investment, which includes the purchase of current shares, will allow the company’s initial investors to exit, Yellow Door Energy said in a statement.…
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EAST AFRICA – InfraCo Africa, the African development arm of the Private Infrastructure Development Group (PIDG), has partnered with Equatorial Power (EP), committing US$1.7 million to promote the use of clean energy and agro-processing in the Democratic Republic of the Congo (DRC) and Rwanda. Under the project, the companies seek to develop four new mini-grids and four agri-processing hubs (APHs)…
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SOUTH AFRICA – As part of its sustainable strategy around energy management, Vodacom SA’s Midrand campus is being fitted with solar photovoltaic (PV) panels which will allow the headquarters to generate around 10.8 gigawatt-hours (GWh) of its own clean power every year – roughly 21% of its power consumption. “Everything we do is driven by our purpose to shape a…
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AFRICA – d.light, a financer of residential solar energy solutions and transformational household products, has announced the appointment of Nick Imudia as its new Chief Executive Officer. With over two decades of experience scaling complex organizations, Mr. Imudia brings a high level of Africa expertise to d.light as the social impact company enters a new chapter of growth. Current CEO…
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