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 […]

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, […]

A lack of adequate financing for tackling climate change in Africa has become dire and is "choking" the continent, African Development Bank President Akinwumi Adesina said this week. How can investors like BII bridge the gap? As the UK's development finance institution, British International Investment is the UK government's primary vehicle for climate finance. Our […]

Green hydrogen projects could prove vital in the fight to stem global warming, and African countries could be poised to play a pivotal role as hydrogen production and export hubs. Hydrogen is a versatile element that is in growing demand. It provides a feedstock for industries such as iron and steel, petrochemicals and ammonia, it […]

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 […]

This new reliable energy infrastructure will help tackle load-shedding – and keep the lights on. Globeleq, the leading independent power company in Africa, announced on Friday 5 April that its Red Sands project in the Northern Cape has been awarded Preferred Bidder status in South Africa’s Energy Storage Capacity Independent Power Producer Procurement Programme (ESIPPPP). […]

The third report on ‘European financial flows on SDG7 to Africa’, commissioned by the Africa-EU Energy Partnership (AEEP), shows that current investments towards the UN Sustainable Development Goal 7 (SDG7) in Africa have led to notable progress, but larger efforts will be required to reach universal clean energy access on the continent. Building on the […]

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 […]