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Finance

Mission 300 partner pledges pass $50bn while committed project finance reaches $15bn

The World Bank and African Development Bank have committed close to $15 billion directly, with $4.5 billion mobilised alongside it. The wider partner total is more than three times that. Officials are careful about the gap, because a pledge and a disbursement are separated by approval, preparation and years.
Sustainable Energy

Africa energy innovation challenge shortlists eleven finalists with six on battery second life

ACEP and Africa Change Lab have picked innovators from Kenya, Nigeria, Tanzania and Ghana across two tracks. Their proposals cover recovery of retired lithium cells, swapping hubs inside urban markets, cold storage built on reused modules, and offline carbon finance for smallholders. They pitch in Accra this month.
Finance

Ghana foreign direct investment outpaces Nigeria per head, Carthena analysis finds 

Wole Ogundare, Founder and Managing Partner of Carthena Advisory, sets Ghana’s recovery from its 2022 default against Nigeria’s scale and argues the two are running different races. One is decided by what a unit of output costs to make, the other by everything an investor must price around it. 
News

Africa minigrid internship pilot to place five to ten interns inside AMDA’s own work

The Youth Sustainable Development Network and the Africa Minigrid Developers Association will run four to six week remote placements from later this year, across regulatory coordination, research, sector support and access to capital. Whether it grows depends on an evaluation neither organisation has run yet.
Energy access

Zambia electricity consumption rises 48% as mining absorbs the new supply

Installed capacity now stands at 4,576MW, of which 841MW is solar, and Kariba’s usable storage has roughly doubled in a year. Almost all of the additional units drawn last year went to the mines, and Open Access is now the mechanism deciding who is served first.
Energy access

West Africa power trade lifts Gambian utility NAWEC back into profit

Cost savings of around 42 per cent came from drawing on Guinean hydro across the regional loop instead of burning imported fuel. Guinea-Bissau’s EAGB has moved from a monthly deficit of roughly one million dollars to a positive balance, and the market both now sell in went live this year.
Clean Cooking

Tanzania clean cooking rollout puts 400,000 LPG cylinders into public institutions

The distribution carries 50% subsidies and tax exemptions, and reaches rural communities alongside public bodies. It arrives while the IEA warns that the fuel underneath every LPG programme on the continent is exposed to a shipping route thousands of miles away.
Thought Leadership

OP-Ed: From Labs to Listings. How the AfroHackathon Can Unlock Africa’s First Lithium-Ion IPOs

Africa is inextricably linked to the global decarbonising future, but the cycle must be broken that has defined this transition for eons: exporting unprocessed lithium, cobalt, manganese, nickel, phosphates and graphite while importing finished batteries at a premium. The Lithium-Ion Battery Value Chain is brutally clear. Mining captures just $11 billion, while value-added segments and end-user markets i.e. Electric Vehicles (EVs) and Battery energy storage systems (BESS) send a minimum $7 trillion beyond the continent’s shores.