Finance

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Finance

Advancing U.S.–Africa Infrastructure Partnerships: Insights from USTDA’s Deputy Director Tom Hardy

As the United States sharpens its focus on global infrastructure, energy security, and critical supply chains, Africa is emerging as a central partner in that strategy. In this interview, Tom Hardy, USTDA Deputy Director performing the duties of Director, shares how the Agency is prioritizing key African markets and sectors, de-risking transformative projects, and accelerating […]
Finance

Energy in words #3 | Security

Nelson Lage, President of ADENE –  Portuguese Energy Agency Energy security used to mean making sure we had enough supply. Now, it is about having power in many ways. It is not just about physical power. It is also about economic, strategic, and geopolitical power, too. In a world of shocks, fragmentation, and global competition, […]
Finance

Energy in Words #2 | Predictability

Nelson Lage, President of ADENE –  Portuguese Energy Agency Volatility is now normal. Predictability is what makes businesses competitive. Today, energy stability doesn´t come from a world without surprises. It comes from being prepared for shocks, managing them well, and keeping their impact as small as possible. Predictability is not about control. Predictability is about […]
Finance

Energy in Words #1 | Volatility

Nelson Lage, President of ADENE –  Portuguese Energy Agency Volatility was a market term. Today, it defines energy. And through energy, the economy itself. What was once a technical variable has now become a macroeconomic force. Energy shapes inflation, investment, industry, and finances. Volatility is no longer an exception. It is part of the system. […]
Finance

KETRACO signs landmark Public-Private Partnership with Africa50 and Powergrid Corporation of India to deliver USD311 Million Power Transmission Project

Kenya Electricity Transmission Company Limited (KETRACO) has signed a Public-Private Partnership (PPP) agreement with a consortium comprising Africa50 and Power Grid Corporation of India, marking a major step in the expansion and modernization of Kenya’s power transmission network. The USD 311 million (KES 40.4 billion) project will be fully financed and implemented by the private […]
Finance

Eaglestone and Partners Secure Financing Milestone for the Lobito Atlantic Railway

Eaglestone has announced the signing of the key financing agreements for the Lobito Atlantic Railway Project in Angola, a significant milestone for one of the region’s most strategically significant transport corridors. Eaglestone acted as Co-Financial Adviser, alongside Africa Finance Corporation, to Lobito Atlantic Railway S.A. (LAR), the borrower and concessionaire, and its sponsors—Mota-Engil, Trafigura, and […]
Finance

Zambia and Zimbabwe Throw Open Their Energy Sectors as Private Capital Rushes to Light Millions

Mozel Chimuka, Agora Village, AfricaWorks | LUSAKA, 27 November 2025 — Nearly ten million Zambians have never switched on a light in their own homes. Across the border, Zimbabwe’s national utility connects 50,000 households per year; its new binding commitment demands 320,000. Both nations have now staked billions on pledges to achieve universal electricity access […]
Finance

Unlock the Billion Dollar Vault Hidden Inside Zimbabwe’s Energy Liberalisation

Mozel Chimuka, Agora Village, AfricaWorks | LUSAKA, 27 November 2025 — Zimbabwe currently generates significantly less electricity than required to keep basic lights on, yet the government audaciously demands that private investors triple available capacity within six short years to feed a voracious mining beast that never sleeps. This paradoxical mandate requires the state to […]
Finance

Why Angry Voters Could Destroy Southern Africa’s Energy Trading Market

Jeannette Ilunga, Africa Works, LUSAKA | Friday 28 November, 2025 — The energy trading market in Southern Africa is under threat, not from technical failure or financial collapse, but from politics and perception. Public sentiment has turned hostile toward traders who are seen as profiting from crisis without owning assets or building infrastructure. Politicians respond […]
Finance

How Market Mechanics Are Destroying the Middleman Myth

Jeannette Ilunga, Africa Works, LUSAKA | Friday 28 November, 2025 — Energy traders are not middlemen extracting rent from desperate utilities. They are aggregators performing functions that no single entity in Southern Africa’s fragmented power markets can manage alone—guaranteeing supply when generation fails, guaranteeing payment when utilities default, and balancing grids that were never designed […]
Finance

The Death of the Sovereign Guarantee

Jeannette Ilunga, Africa Works, LUSAKA | Friday 28 November, 2025 — The sovereign guarantee is dead. Across Southern Africa, the financing structure that powered a generation of electricity projects has collapsed under utility insolvency and government debt distress. Yet new power plants are still getting built and financed. The money is flowing through an entirely […]
Finance

How Outdated Credit Assessments Strangle Africa’s Energy Revolution

Gerald Hamuyayi, Lusaka, Saturday, 29 November, 2025 – The payments arrive like clockwork, every month, on schedule, in full. Yet the project remains classified as unbankable. International financiers examine balance sheets from state utilities and recoil, deploying risk premiums that make commercial lending impossible. Meanwhile, independent power producers across Zimbabwe and Zambia operate profitably, receive […]

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