Mali secures US$7.1M from ARC for climate risk insurance pay-out

MALI – The government of Mali has secured US$7.1 million in climate risk insurance pay-out by African Risk Capacity (ARC). The funds channelled to the United Nations World Food Program (WFP) are aimed at providing emergency and resilience-building support to populations vulnerable to the impacts of climate-change-induced disasters.. ARC is an innovative approach to climate risk management that allows countries to…

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IPP Legendre Energie signs contract for its 50 MWp solar power plant

MALI – Independent Power Producer (IPP) Legendre Energie, the subsidiary of the French group Legendre, has just signed a 25-year concession contract for its 50 MWp solar power plant in Fana with the Malian Ministry of the Economy and Finance and the Ministry of Energy The future solar photovoltaic power plant will be built under the BOOT (Build-Own-Operate-Transfer) model, a…

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Renewable energy provider SolarX completes Series A round with funding from EAV

SolarX secures series A financing from EAV

MALI – SolarX, a West African renewable energy equipment provider, has raised additional funding from Energy Access Ventures (EAV), an early-stage fund that invests in decentralized energy companies across Sub-Saharan Africa. The company has also announced that it has completed its Series A round with this tranche, hinting at a staggered close. SolarX Africa said it will utilize this new…

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Energy Solution Systèmes to construct solid waste-to-energy project in Mali

MALI – Energy Solution Systèmes, has received approval from the Bamako City Council to implement solid waste-to-energy project in the district of Bamako in Mali. The facility will be built by Energy Solution Systèmes. Piloted by the Bamako City Council, the solid waste energy project will initially inject 40 MW of electricity into the grid of the public company Energie…

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Suntrace, BayWar launch 30MW solar power plant in Fekola gold mine

MALI – Renewable energy providers Suntrace and BayWa r. e. have commissioned a 30 MW hybrid solar power plant at the Fekola gold mine located in southwest Mali and is operated by the Canadian mining company B2Gold. The Fekola solar power plant has already started delivering its first MW. The plant was recently commissioned by Suntrace and BayWa r. e.,…

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Government of Mali settles its US$2m capital subscription arrears in Shelter-Afrique

MALI – Shelter-Afrique, a pan-African housing development finance institution, has received US$2 milllion from the government of Mali, being the full settlement of its capital subscription arrears. Mali becomes the fifth shareholder to fully settle Shelter-Afrique’s 2013 and 2017 calls for funds after Zimbabwe, Lesotho, Morocco and Namibia. Mr. Andrew Chimphondah, the Director General of the Shelter-Afrique group, flattered the…

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Radisson opens its first Radisson Collection Hotel in Bamako, Mali

MALI – Radisson Hotel Group has announced the opening of Radisson Collection Hotel Bamako, Mali, the brand’s debut in Africa. Located in the capital and largest city of Mali, the Radisson Collection Hotel, Bamako is 20 minutes from Bamako’s Modibo Keita International Airport and in close proximity to the city’s embassies, corporate headquarters, and government precinct. Bamako is a metropolis…

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French IPP launches 50MW solar photovoltaic power plant in Mali

MALI – Akuo, a French independent power producer (IPP), has commissioned a 50 Mega Watts (MW) solar photovoltaic power plant in Kita, about 180 km west of Bamako, in the Kayes region of Mali, one of the largest photovoltaic installations in West Africa. This project was implemented in partnership with Pash Global, an investor active in the renewable energy sector.…

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IFC invests US$10m in Carrières et Chaux du Mali to increase its production

MALI  – The International Finance Corporation (IFC), a member of the World Bank Group, has announced that it will invest nearly €9 million (US$10.68m) in Malian quicklime and agriculture lime producer Carrières et Chaux du Mali (CCM) to help the company increase its production of these products. With the IFC’s support, CCM plans to increase its production capacity of quicklime…

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AngloGold Ashanti and Barrick Gold conclude sale of their interest in Morila Limited

MALI – AngloGold Ashanti and Barrick Gold have concluded the sale of their interest in Morila Limited, which owns 80% of the Morila gold mine in Mali, to Firefinch (previously named Mali Lithium) for US$28.8 million. The state of Mali continues to hold the remaining 20%. The net proceeds to AngloGold Ashanti’s account will be US$3.6 million taking into consideration…

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