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Finance

President William Ruto demands global financial architecture overhaul to unlock green capital pipelines

Kenyan President William Ruto has addressed the United Nations General Assembly to demand systemic structural reform of multilateral development banks. The policy intervention targets sovereign debt sustainability frameworks and credit rating methodologies to reduce the cost of infrastructure capital across sub-Saharan clean energy projects.
Hydropower

How close is Mphanda Nkuwa to financing its 1,500MW on the Zambezi?

Mozambique’s 1,500MW Mphanda Nkuwa run-of-river scheme, 60km downstream of Cahora Bassa, is working through its financing with the African Development Bank. A credit enhancement facility discussed in Maputo in February is meant to bring private lenders into a $4.5 billion project designed to export baseload power across Southern Africa.
Gas

Shell and Chevron sign MoU for Ghana’s South Deepwater Tano block

Ghana has signed a memorandum of understanding with Shell and Chevron covering exploration and production rights over the South Deepwater Tano Cape Three Points block, including the appraisal of the existing Nyankom discovery as the country seeks to revive upstream investment.
Regional

COMESA and ARE sign on renewable electrification across 21 member states

The Common Market for Eastern and Southern Africa and the Alliance for Renewable Electrification signed a memorandum of understanding in Brussels on Thursday, covering electrification, investment and energy access across a bloc of 21 countries and an industry body representing more than 170 renewable energy companies.
Tech & Power Generation

Zimbabwe’s net metering reaches 118MW, from 2.1MW at the end of 2021

Households, farms and factories with grid-tied solar now feed 118MW into Zimbabwe’s network under net metering, according to ZESA’s acting chief executive. Participants export up to 5MW each and are paid in credits rather than cash, with ZETDC deferring connection fees until March 2027 to draw more of them in.
News

Lobito Corridor power study funded by USTDA with Anzana Electric Group

The US Trade and Development Agency signed an agreement with Anzana Electric Group in New York on Tuesday to fund a feasibility study for hydropower and distribution in Lualaba in the DRC and North-Western Zambia, covering the mines that feed the Lobito Corridor and more than three million residents.
Interviews

EXCLUSIVE: The Zambezi River Authority on powering Zambia’s three million tonne copper ambition

Zambia wants to triple copper output to three million tonnes a year, on a grid that does not yet carry it. Speaking to ENN, Munyaradzi Munodawafa, Chief Executive of the Zambezi River Authority, sets out what mining demand is doing to power investment across the region and where Batoka Gorge fits.
Tech & Power Generation

Kenya’s peak electricity demand hits a record 2,549MW as KenGen revenue rises 6.4%

Kenya’s grid carried a record 2,549MW on 15 July, and KenGen, which supplied 57.2% of the country’s electricity in the year to June, reporting revenue of Ksh59.7 billion. The generator is putting its cash into new capacity towards the roughly 5,540MW of renewables it aims to add by 2034.