Investment manager Amethis appoints 2 new partners in the firm bringing the number to 6

AFRICA – Amethis, an investment fund manager dedicated to the African continent, has announced the appointment of two new Partners, Khady Koné-Dicoh and Jean-Thomas Lopez, bringing the number of Partners in the firm to six. Khady and Jean-Thomas, who joined the firm in 2013 and 2012, have been instrumental in the creation and development of Amethis over the past decade. “Together with their fellow partners and the whole Amethis team, they will take an even more important role in our ambitious projects for the coming years, always serving our community…

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Africa50, other investors partner to help Egypt develop the world’s largest solar park

EGYPT – Africa50, an independent infrastructure fund established by the African Development Bank is partnering with thirty international infrastructure developers in investing in Egypt’s 1.5GW Benban solar park, Africa Energy Portal has reported. According to Africa Energy Portal, the US$4 billion project will upon completion become the world’s largest solar park. The 37-square-kilometre solar park will be equipped with over seven million photovoltaic panels, and will be so large that it can be seen from space. The solar energy potential in Egypt, a country known for year-round sunny days, has…

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New Africa50, Actis joint power investment to boost Nigeria’s electricity generation

NIGERIA – Africa50, the pan-African investment platform, has invested in the 461MW Azura Edo Independent Power Production in Nigeria. Actis is the majority shareholder in the Azura Power Company that is developing the Edo power project in Nigeria. Africa50, on the other hand, brings significant power generation experience having invested in several key infrastructure projects across the continent representing over 1,000MW of capacity. Raza Hasnani, Head of Infrastructure Investments at Africa50 said “We are excited to invest in a mission-critical asset within the Nigerian power market. We have a strong…

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Africa50 invests in Genser Energy to bolster power production in Ghana

GHANA – Africa50 has completed an equity investment in Genser energy, an independent power producer in Ghana, to bolster power production in Ghana as the company scales its operations to provide affordable and reliable power to its customers. This investment, according to Africa50 is part of a major fund raising by Genser Energy in the form of debt and equity to finance the construction of gas pipelines, increase capacity, enter into new energy purchase agreements and refinance the debt. Bafour Asiamah-Adjei, President and CEO of Genser Energy Ghana Limited, was…

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Actis acquires Senegalese power plant, partners with Africa50 to revamp operations

electricity linkage to 250MW by 2021

SENEGAL – Actis, a leading investor in growth markets has through its subsidiary Azura entered into an energy deal in Senegal. The deal involves the acquisition of the 115MW Tobene Power plant in Senegal, which was part of the Melec Power Gen (“MPG”) portfolio. The plant will now form part of Azura Power’s pan-African power generation platform and will also bring together Actis, and Africa50. Actis and Africa50 during the announcement of the partnership to revamp operations at Tobene said that they are committed to work with stakeholders to complete…

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