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.

As the world talks about the energy transition, South Africa’s Department of Mineral Resources and Energy (DMRE), through its IPP Office has recently announced the REIPPPP BW6 Request for Proposals (RFP).  This bid round will add 2,600 MWs of new capacity to the energy mix, the second to be released in line with the Ministerial […]

AFRICAN INFRASTRUCTURE INVESTMENT MANAGERS (AIIM) DEVELOPS AND MANAGES PRIVATE EQUITY INFRASTRUCTURE FUNDS DESIGNED TO INVEST LONGTERM INSTITUTIONAL UNLISTED EQUITY IN AFRICAN INFRASTRUCTURE PROJECTS. Interview with Damilola Agbaje – AIIM Investment Director. AIIM actively manages investments in East, West and Southern Africa and has equity under management of USD 2.0 billion with a track record extending […]

SUMMARY OF THE SESSION UNDER THE SAME TITLE THAT TOOK PLACE AT THE POWERING AFRICA SUMMIT (PAS), IN WASHINGTON DC, ON MARCH 2022. The electricity demand in Zimbabwe is high as the country continues on a growing path. Currently, 40% of the population has access to electricity, but they all reside in major towns. The […]

NERSA extended the comment window on the third version of the South African Wholesale Electricity Market rules to 28 August after stakeholders asked for more time. Eskom's court challenge to five trading licences is stayed rather than withdrawn, which makes the drafting a negotiation as much as a consultation.

Madalitso Chimpeni has been building wind turbines in Malawi for three years. The grant he won through the Youth Energy Summit bought the generators, paid the machinists and gave him room to get it wrong. The turbines are fabricated and waiting for installation, and 120 households are the target.

The Africa Finance Corporation disbursed €43 million in April under the Poro Power Green Bond, the first project finance green bond in Côte d'Ivoire and across the West African Economic and Monetary Union. It forms part of a €65 million facility structured in euros and CFA francs, funding a 66MW solar plant at Korhogo.