Ghana, a net importer of sugar, faces a local production deficit. To address this, the government…
Category: Africa
Cameroon & Chad Power Interconnection Project: $134 Million Boost
Cameroon recently signed a loan agreement worth approximately 80.5 billion FCFA ($134 million) with the Islamic…
AXIAN Energy and Fortis Green Jointly Acquire Rwandan Solar Power Plant
Fortis Green Renewables Investment Management, operating its Green Fund I, and AXIAN Energy, a division of…
Italy to Invest Over $1 Billion in Africa’s Development in 2024
The Italian institution responsible for fostering sustainable development in Italy and its partner countries is prioritizing…
Proparco Invests $21.6 Million in Amethis Fund III
Proparco, a subsidiary of the French Development Agency (AFD) focused on the private sector in emerging…
Zambia Tackles Power Shortage with Electricity Imports from Neighbors
Zambia is set to receive electricity from South Africa and Zimbabwe to mitigate the ongoing power…
The African Development Bank to Lend $500 Million for Electricity Access in Nigeria
On July 19, 2024, in Abidjan, the Board of Directors of the African Development Bank (AfDB)…
Helios Establishes Major Climate Fund for Africa Amidst Funding Downturn
Despite the recent downturn in funding, climate-focused startups have continued to attract significant investment. In 2023,…
Jumia Appoints Former PalmPay Executive to Lead Nigerian Fintech Subsidiary
E-commerce giant Jumia has named Anthony Mbagwu as the managing director of its Nigerian fintech arm,…
Cartona Raises $8.1M in Series A Extension to Fuel E-commerce Growth in Egypt
Egyptian e-commerce startup Cartona has raised $8.1 million in a combination of debt and equity as…
CEI Africa Grants $5.6 Million to Boost Green Mini-Grids in Africa
The Clean Energy and Energy Inclusion for Africa (CEI Africa) has announced a significant boost to…
Ghana to Host Africa’s Largest Rooftop Solar Plant
Since 2015, Ghana has embarked on a plan to develop high-impact solar projects. Facilitating measures have…