Inspiring Sustainable Business in Africa
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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AFRICA – Empower New Energy, a Norwegian solar development and investment company, has signed an agreement to raise US$74 million from a consortium led by Climate Fund Managers to develop solar projects in the Africa Commercial and industrial (C&I) sector. The partnership will develop, finance, own and operate an initial 150MW of solar projects over the next three years. Norfund…
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WEST AFRICA – Bboxx, the UK-based power company, has expanded its footprint in Africa by acquiring pay-as-you-go solar company, PEG Africa. The acquisition will transform the continent’s utility sector by making Bboxx and its group of companies the largest network in Africa for utility services and a driving force behind access to goods and services for underserved communities. PEG is…
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UGANDA – Aptech Africa, a solar energy provider, is commissioning an 8.5 kWp solar photovoltaic system to recharge the batteries of electric motorbikes belonging to the Kampala-based green mobility start-up Zembo. With 250 electric motorbikes transporting 800 passengers a day in Uganda, the mobility start-up Zembo is continuing its journey towards decarbonisation of transport. As part of this ambition, the…
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BOTSWANA – Norwegian independent power producer (IPP) Scatec has signed a power purchase agreement (PPA) with Botswana Power Corporation (BPC) for the construction of a 50 MWp solar photovoltaic plant. Scatec intends to install the solar park in Selebi-Phikwe, a mining town located 402 km from the capital of Botsawna, Gaborone. Under the PPA, Scatec will sell the electricity generated…
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MALAWI – The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, has issued guarantees of US$24 million for the new 20-megawatt Golomoti solar photovoltaic plant in Malawi. Developed by JCM Power, the solar energy facility is controlled via a special purpose vehicle, JCM Golomoti UK Limited. The guarantees by MIGA will be for equity and shareholder…
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SOUTH AFRICA – Norway’s Magnora ASA, a renewable energy company, has announced that it has received environmental authorization for its 260MW solar PV project in South Africa. According to the company, the environmental authorisation for the project, expected to produce an estimated 600 GWh of electricity per year, is a significant milestone. According to Magnora, the environmental authorisation signifies that…
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KENYA – Toyota Kenya has acquired a 35 per cent stake in solar installation company Ofgen for an undisclosed value, deepening the auto firm’s interest in the growing clean energy market and offering an avenue to offset its carbon production. The Competition Authority of Kenya (CAK) approved the deal that will help the auto firm, now known as CFAO Kenya,…
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GABON – Solen SA Gabon, a subsidiary of Solen Renewable Dubai, has just launched the construction of the Ayémé Plaine photovoltaic solar power plant, in Libreville, the capital of Gabon. The future facility will have a capacity of 120 MWp. The launch of the Ayémé Plaine solar photovoltaic power plant in Gabon comes almost six months after the signing of…
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NIGERIA – Hotspot Network Ltd. (HNL), a telecommunications service provider, and Husk Power Systems, operator of rural solar-hybrid microgrids, has announced a partnership in Nigeria to transition mobile towers from diesel generation to solar power, and to bundle electricity and connectivity solutions for off-grid communities. The two companies have already converted nearly 20 of Hotspot’s mobile towers from diesel to…
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