INSPIRING AFRICA'S BUSINESS LEADERS TO INNOVATE BETTER, GROW FASTER AND DO MORE . . .
GHANA – Ghana Grid Company Limited (GRDCo), has announced that it will be launching the first ever wholesale electricity market in Africa next year. While delivering the news, GRDCo’s chief executive officer, Mr Jonathan Amoako-Baah, said that the move will allow for…
NIGERIA – Daystar Power, a West African solar energy company, has announced that it has successfully installed its 100th solar power system since the company’s foundation in 2017. This is after it was able to successfully install a solar energy system at…
GHANA – The government of Ghana through its Energy ministry has launched an Energy Service Centre to provide efficient and independent advisory services to the industry sector. The Centre, which is an initiative of the Association of Ghana Industries (AGI) would serve…
ETHIOPIA – The Ethiopian government through its finance ministry has started plans to build a 250 MW Industrial Scale Solar Park. The project to be completed in two locations will be built at a private investment cost of US$ 150 million. One…
KENYA – French multinational electric utility company Engie has acquired Mobisol, a Berlin-based off-grid solar solutions firm whose regional operations are headquartered in Nairobi. Mobisol is the pioneer of off-grid solar solutions to expand its decentralized energy offering in Africa. Mobisol was…
RWANDA – The World Bank has signed a $125million (Rwf112billionn) credit agreement with the government of Rwanda to support the government’s nationwide electrification project. According to New Times Rwanda, The Minister for Finance and Economic Planning, Uzziel Ndagijimana and the World Bank…
AFRICA – Palladium, an Australian based advisory and management group, has rolled out a new impact fund that is expected to raise US$40 million for investment in agribusinesses across Africa. According to the firm, the Palladium Impact Fund I marks its first…
COTE D’IVOIRE – Stakeholders in the energy industry have called for restructuring of financing mechanisms in order to enable the development of off-grid and mini-grid connectivity in Africa. The sentiment was made during the 5th Energy Access Investment Forum in Abidjan, Cote…
AFRICA – The African Development Bank (AfDB) announced that it will double its climate finance commitments for the period 2020-2025 to at least US$25 billion. The announcement was made by Akinwumi A. Adesina, the Bank’s President during the One Planet Summit in…
SOUTH AFRICA – South Africa’s airline industry has made a plea to the parliament to be exempted from the proposed carbon tax which aims to reduce emission of greenhouse gases. The tax which is set to hit big energy users will not…