Hlatse Nkune, Principal: Energy Finance, Nedbank CIB

(24 March 2023) The Mauritius Commercial Bank Limited (“MCB”) is pleased to announce that it has acted as joint Mandated Lead Arranger (MLA) in relation to an initial senior loan facility to support Infinity Power on its acquisition of Lekela Power. Infinity Power is a joint venture between Egypt’s Infinity and UAE’s Masdar. The transaction […]

DARES has reached 5.3 million Nigerians against a target of 16.2 million at the project's close, with solar home unit deployments at 1.046 million against 2.75 million. The World Bank has released further funding after Nigeria met four performance conditions, while rating political and macroeconomic risk high.

The South African Reserve Bank has linked structural macroeconomic strains to a 65 per cent decline in national petroleum refining operations. As processing assets idle, central bank governors trace an incremental R76 billion fuel import cost that exposes localised distribution networks to volatile global maritime product channels.

AS THE WORLD GRAPPLES WITH GROWING ENERGY NEEDS, ENERGY TECHNOLOGIES, BUSINESS MODELS, AND PROJECT DELIVERY CAN STEP UP TO DELIVER LASTING CHANGE AND INVESTMENT. Since 1999, the African Energy Forum has led engagements between stakeholders around creating energy on the planet. So much has evolved in those twenty-three years. Alternative energy sources such as hydrogen, […]

Known as one of most influential figures in the African power sector, Akinwole Omoboriowo heads up Genesis Energy Group, a multi-award winning energy infrastructure development, climate impact investment and asset management group of companies. EnergyNet caught up with him after he spoke at the Powering Africa Summit, 5-6 March, Washington DC.    What was your […]

WEST AFRICA: 16-Dec-2024: The Board of Directors of the African Development Bank Group has approved a $10 million concessional equity investment in the ARM-Harith Successor Infrastructure Equity Fund to increase access to reliable electricity and modern transportation infrastructure as well as energy-efficient technologies in Nigeria and the wider West Africa region. The catalytic investment, to be sourced from the Bank-managed […]

Ramokgopa has set out 105GW of new generation and 14,500km of transmission, and wants the towers, transformers and cables built by South African manufacturers

Bwalya Chilufya-Musonda, Partner at Bowmans Zambia, on why private investors are turning to Zambia’s power sector, as the National Energy Compact sets out $11.9bn of generation and transmission investment to 2030, with $9.5bn expected from the private sector and installed capacity planned to more than double to 10,000MW.