Infraco Africa provides US$15m to Bboxx to accelerate in existing and new markets

AFRICA – InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed an agreement committing to provide US$15 million by way of convertible loan notes to Bboxx, a next generation utility ramping up the provision of clean, reliable, and affordable energy access to underserved communities in Africa. To date, Bboxx has successfully delivered clean energy solutions for over…

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InfraCo Africa, Helios partner to establish a pan-African investment vehicle

AFRICA – InfraCo Africa, a part of the Private Infrastructure Development Group, and Helios Investment Partners have joined forces to establish a pan-African investment vehicle: Climate, Energy Access and Resilience (CLEAR). CLEAR will fund climate-aligned infrastructure and growth businesses whilst also working towards achievement of the UN Sustainable Development Goals. It expects to ultimately raise more than US$350 million for…

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InfraCo Africa commits additional US$2.4m in Bonergie Irrigation SAS, acquires large minority shareholding

SENEGAL – InfraCo Africa, an investment company and part of the Private Infrastructure Development Group (PIDG), has signed a Shareholders’ Agreement and a Loan Agreement with Bonergie Irrigation SAS to continue supporting the scale-up access to solar-powered irrigation solutions in Senegal. Under the new agreements, InfraCo Africa will hold a large minority shareholding in Bonergie Irrigation, committing an additional US$2.4…

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African Trade Insurance Agency invests in Malawi’s Salima Solar plant

MALAWI – The African Trade Insurance Agency (ATI), under its Regional Liquidity Support Facility (RLSF), has supported the Salima Solar PV plant, by providing a revolving liquidity guarantee that can be drawn following any payment delays by the national off-taker – Electricity Supply Corporation of Malawi Limited (ESCOM). This is the second project in the country to benefit from RLSF,…

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InfraCo Africa and RVE.SOL partner to install 22 solar mini-grids in Busia County, Kenya

KENYA – InfraCo Africa, an investment company of the Private Infrastructure Development Group (PIDG) and Rural Village Energy Solutions (RVE.SOL) have signed a shareholder agreement for the continuation of a rural electrification project using stand-alone solar systems in Busia County, Kenya. Rural Village Energy Solutions (RVE.SOL) previously held all the shares in KPEA. Under the agreement, the company that finances,…

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State-owned company EDG to buy 40 MWp solar power from InfraCo Africa

GUINEA – The state-owned company Electricité de Guinée (EDG) has signed a power purchase agreement to buy power from 40 MWp Khoumagueli Solar Plant. The solar project is being developed by InfraCo Africa, a Private Infrastructure Development Group (PIDG) company and Solveo Energie, a renewable energy producer based in Fenouillet, France. InfraCo Africa is investing in the project through its…

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Infrastructure credit guarantee InfraCredit secures US$27m equity investment from InfraCo Africa

NIGERIA – InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has completed an approximately US$27m equity investment into InfraCredit, a specialised local currency infrastructure credit guarantee institution based in Lagos, Nigeria. InfraCo Africa’s equity investment, made through its dedicated investment vehicle, makes InfraCo Africa an equivalent shareholder alongside the Nigeria Sovereign Investment Authority (NSIA) and Africa Finance Corporation.…

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