OLA Energy commissions US$360,555 LPG plant in Nairobi, Kenya

KENYA – OLA Energy Kenya,  the local subsidiary of Tamoil Africa Holdings Limited, has commissioned a new Ksh40 million (US$360,555) state-of-the-art Liquefied Petroleum Gas (LPG) plant in Nairobi that enables the company to double its capacity and meet the growing domestic demand for cooking gas in the country. Speaking at the commissioning, OLA Energy Kenya Operations Manager Franklin Nubi revealed that the new plant is made up of machinery with very advanced technological capabilities and its intelligent features enable it to detect leakages during the filling process. “The new LPG…

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Djibouti Telecom breaks ground on new Cable Landing Station

DJIBOUTI – To meet the ever-growing demand and network resiliency requirements, Djibouti Telecom has begun construction of a new cable landing station (CLS) in Djibouti City. Due to be completed in April 2022 the new Cable Landing Station will be a neutral digital port which will provide an open access cable landing service to submarine cable operators for a neutral, safe and secure landing in Djibouti City. With a network comprised of 8 operational subsea cables and 5 on-project cable systems, Djibouti Telecom is positioned as a centre for telecoms…

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Oracle to build its first African data centre in Johannesburg

SOUTH AFRICA – Global software giant Oracle has announced that it has chosen Johannesburg as the site of its first African data center. Johannesburg will be among the 14 locations across Europe, the Middle East, Asia Pacific, and Latin America that the company says it plans to open cloud regions to support strong customer demand for Oracle Cloud services. Upcoming cloud regions include Milan (Italy), Stockholm (Sweden), Marseille (France), Spain, Singapore (Singapore), Johannesburg (South Africa), Jerusalem (Israel), Mexico, and Colombia. Additional second regions will open in Abu Dhabi (U.A.E.), Saudi…

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Atlas Tower Kenya to invest US$48.9m on 4G towers installation

KENYA – Telecommunications infrastructure firm Atlas Tower Kenya is investing US$48.9 million to install 4G towers, targeting mobile network operators Safaricom, Airtel Kenya and Telkom Kenya, reports Business Daily. The telcos are in a race to cover most of the country with the fourth generation (4G) broadband cellular technology to attract and retain subscribers using smartphones. Atlas, owned by Kalahari Capital LLC and Adrian Group Limited, will fund part of the investment using loans from the International Finance Corporation (IFC). “The total project cost is estimated at US$48.9 million (Sh5.4…

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AIIM to increase access to clean energy with US$370m fundraise for its IDEA fund

SOUTH AFRICA – African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, has successfully completed a capital increase of US$370 million for its flagship SADC infrastructure fund, the IDEAS Managed Fund (IDEAS).   The fundraise exceeds the initial US$301 million target by 20%, taking the size of the open-ended fund to more than US$1.475 billion.  IDEAS will deploy the capital in line with the fund’s existing mandate, providing investors with exposure to a diversified portfolio of sustainable infrastructure assets across the SADC region.  The current fundraising has been concluded to support the deployment of an active pipeline of assets across the power, digital infrastructure, and…

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Globeleq acquires 66 MWp solar PV plant in Egypt

EGYPT – Africa-focused renewable energy independent power producer Globeleq, has completed the acquisition of the ARC for Renewable Energy S.A.E (ARC) 66 MWp solar PV plant located at the Benban Solar Park near Aswan, Egypt.  The ARC plant was developed by the SECI Energia, Enerray and Desert Technologies consortium as part of the second round of the Egyptian government’s feed-in-tariff program and achieved commercial operation on 4 November 2019 and provides clean electricity to the Egyptian Electricity and Transmission Company (EETC) under a 25-year power purchase agreement. The project was…

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US firm Vantage to construct US$1.02b state-of-the-data centre in South Africa

SOUTH AFRICA – US-based provider of hyperscale data centres, Vantage Data Centres, has announced the beginning of construction on its new R15 billion (US$1.02 billion) state‐of‐the‐art data centre campus in South Africa, reports IT Web. In a press statement, the company says the first phase of the 80MW campus is scheduled to come online in the third quarter of 2022 and will be based in Waterfall, Gauteng. The announcement comes after another US-based multinational Oracle also revealed it is set to build a data centre facility in Johannesburg – it’s…

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Nigeria’s Eden Life closes US$1.4m Seed Funding Round

NIGERIA – Africa’s first home services app for scheduling food, laundry and cleaning services, has completed a US$1.4 million Seed round, led by UK-based LocalGlobe, along with participation from Samurai Incubate, Future Africa, Village Global, Rising Tide Africa and Enza Capital. The funding round brings Eden Life’s total investment to date to US$2 million following pre-seed backing from all of Andela’s original co-founders, and additional accelerator support over the last 18 months. The new capital raised will be deployed to build out Eden Life’s in-house technology and develop its own…

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DP World joins forces with CDC to invest US$1.7b in African ports

AFRICA –  DP World, a multinational logistics company based in Dubai, has partnered with the UK’s development finance institution and impact investor CDC Group to create a US$1.7 billion investment platform aimed at modernization and expansion of ports and inland logistics across Africa, starting in the ports of Dakar in Senegal, Sokhna in Egypt and Berbera in Somaliland. Trade enabled through the ongoing expansions is expected to create an additional 138,000 employment opportunities in the wider economy and by 2035, the ports are expected to support stable employment for around…

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A.P. Moller Capital acquires AFC’s stake in renewable energy producer Cabeolica

CAPE VERDE – A.P. Moller Capital, the Denmark based investment fund manager, is taking a 40% stake in Cabeolica, Cape Verde’s largest renewable energy producer from Africa Finance Corporation (AFC). Cabeolica is the archipelago’s largest renewable energy producer. A.P. Moller has invested in the independent power producer (IPP) via Africa Infrastructure Fund, its fund dedicated to sustainable infrastructure in Africa. The shares are being sold by the Africa Finance Corporation (AFC), a pan-African multilateral development finance institution based in Lagos, Nigeria. However, AFC remains the majority shareholder in Cabeolica, with…

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