Government’s One District One Factory project to receive US$300m facility from US EXIM Bank

GHANA – One District One Factory (1D1F), a project by the government of Ghana, is expected to soon receive a US$300 million facility from the US EXIM Bank. The expected funds comes on the back of a Memorandum of Understanding signed between Ghana and the US in July 2018, aimed at increasing private sector participation in Ghana’s economy and provided support to assist Ghana to develop selected priority and strategic sectors of the economy to achieve a Ghana Beyond Aid. Among the priority projects under this MoU are the One…

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400 kW Ndjolé hybrid solar power plant to be commissioned in July

GABON – The Ndjolé hybrid solar power plant, with an expected capacity of 400 kW, is set to be commissioned in July 2021, according to the Gabonese Minister of Energy and Water, Alain Claude Bilié By Nze. The installation is being carried out by Ausar Energy, a subsidiary of the French group Engie. The plant, located in the province of Moyen-Ogooué in western Gabon, will increase the country’s installed capacity by 400 kW thanks to 1,445 solar panels and inverters installed to the millimetre on the basis of a GPS…

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Renewable energy company Meadows partners G7 Renewable Energies for 128MW hybrid project

SOUTH AFRICA – Meadows Energy, in partnership with G7 Renewable Energies, are set to begin construction of the 128MW Oya Energy Hybrid Project in 2021. The project will be completed within 18 months as part of the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP), a programme that was set up by the department of energy to help ease South Africa’s power crisis. Meadows Energy was announced as G7 Renewable Energies’ partner for the Oya Hybrid Energy Project which will utilise co-located wind turbines, solar PV arrays, Lithium-Ion batteries and…

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Zagus Power Systems introduces new power provider in the Nigerian market

NIGERIA – Zagus Power Systems Limited, a power solutions provider, has introduced Zektron to provide power in the Nigerian market and to eliminating epileptic power supply. Zektron is a Turkish manufactured brand of Automatic Voltage Regulators (AVR), Smart Uninterrupted Power Supply (UPS) and renewable energy systems. The Zektron, according to Zagus Power Systems, is aimed at providing the very best of power solutions to organisations in the telecommunications, manufacturing, hospitality, private and government sectors among others in the country. It described Zektron as a globally recognised brand of UPS and…

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World Bank to support development of agri-food sector in Cote d’Ivoire with US$250m financing

COTE D’IVOIRE – The World Bank has approved US$250 million in total financing from IDA to support the development of the agri-food sector and the creation of thousands of jobs in rural areas of Cote d’Ivoire. With this financing, the Agri-Food Sector Development Project aims to remove the major obstacles hindering the growth of the agri-food sector and spur the development of more inclusive, resilient and competitive agri-food value chains. The project will promote real opportunities to forge private partnerships among stakeholders in targeted value chains such as cassava, horticulture,…

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Furniture company IKEA set to open second store in Morocco

MOROCCO – Following the success of the IKEA department store in Casablanca, INGKA Holding, the department store’s parent company, has announced its plans to launch Morocco’s second Ikea store in Tetouan. Swedish furniture giant has invested MAD 400 million (US$45.4m) into the new department store that will boost the Tangier-Tetouan-Al Hoceima region’s economy. The new department store will cover an area of 16,100 square meter area, which will consist of a 3,700 square meter showroom, a 3,450 square meter market hall, along with Ikea’s first restaurant with a terrace. It…

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Gambia launches US$23m electricity project to benefit 685 communities

GAMBIA – The Gambian Vice President has laid the foundation stone for the Greater Banjul Area (GBA) Transmission and Distribution Modernisation Project at the Salagi Forest Park which is part of its plan to meet the target of Energy for all. The project is co-funded by the World Bank, European Union, and European Investment Bank as part of The Gambia’s Electricity Restoration and Modernisation Project (GERMP) at a total project cost of US$23 million, with the contract awarded to TBEA, a Chinese company. Fafa Sanyang, the country’s Minister of Petroleum…

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Cybersecurity start-up Sendmarc secures funding from Endeavor South Africa

SOUTH AFRICA – Sendmarc, a cybersecurity email protection and compliance start-up, has secured funding from Endeavor South Africa as it looks to scale more quickly. The amount of the investment funding was not disclosed. Launched in 2018 by Sam Hutchinson, Keith Thompson, and Sacha Matulovich, Sendmarc provides the setup, implementation and reporting functionality for a global email protection standard known as DMARC.  This protocol is designed to give email domain owners the ability to protect their domains from unauthorised use, such as impersonation attacks or email spoofing and by accelerating the implementation…

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Solar energy firm MyJouleBox secures US$1.8m funding from ElictriFi

BENIN – MyJouleBox, a French solar energy company, has signed a US$1.8 million funding contract with ElectriFi to provide Solar Home Systems (SHS) in the Republic of Benin and to hire 200 additional staff. The company also wants to grow in Burkina Faso and Togo, as well as expand its position in the Beninese market. EDFI ElectriFi is expected to inject 1.5 million euros (US$1.5 million) alongside other funders with the aim of creating 31,000 new connections offering a sustainable and reliable source of energy to 155,000 consumers. Electrification Financing…

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