Renewable energy provider SolarX completes Series A round with funding from EAV

SolarX secures series A financing from EAV

MALI – SolarX, a West African renewable energy equipment provider, has raised additional funding from Energy Access Ventures (EAV), an early-stage fund that invests in decentralized energy companies across Sub-Saharan Africa. The company has also announced that it has completed its Series A round with this tranche, hinting at a staggered close. SolarX Africa said it will utilize this new equity and quasi-equity funding to finance a pipeline of projects for commercial and industrial clients in Mali and Burkina Faso. The firm develops, finances, and offers operations and maintenance services…

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Energy Solution Systèmes to construct solid waste-to-energy project in Mali

MALI – Energy Solution Systèmes, has received approval from the Bamako City Council to implement solid waste-to-energy project in the district of Bamako in Mali. The facility will be built by Energy Solution Systèmes. Piloted by the Bamako City Council, the solid waste energy project will initially inject 40 MW of electricity into the grid of the public company Energie du Mali (EDM). In addition to the production of electricity, the project developed in Bamako will provide the beginning of a solution to waste management in Bamako. Waste in the…

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Suntrace, BayWar launch 30MW solar power plant in Fekola gold mine

MALI – Renewable energy providers Suntrace and BayWa r. e. have commissioned a 30 MW hybrid solar power plant at the Fekola gold mine located in southwest Mali and is operated by the Canadian mining company B2Gold. The Fekola solar power plant has already started delivering its first MW. The plant was recently commissioned by Suntrace and BayWa r. e., two renewable energy providers based in Hamburg and Munich, Germany respectively. The solar power plant occupies 27 hectares of land and has a capacity of 30 MW. It is the…

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Government of Mali settles its US$2m capital subscription arrears in Shelter-Afrique

MALI – Shelter-Afrique, a pan-African housing development finance institution, has received US$2 milllion from the government of Mali, being the full settlement of its capital subscription arrears. Mali becomes the fifth shareholder to fully settle Shelter-Afrique’s 2013 and 2017 calls for funds after Zimbabwe, Lesotho, Morocco and Namibia. Mr. Andrew Chimphondah, the Director General of the Shelter-Afrique group, flattered the government of Mali for its demonstration of confidence in the institution and recalled that Mali has often shown the way in ensuring that the company is well capitalized. “This is…

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Radisson opens its first Radisson Collection Hotel in Bamako, Mali

MALI – Radisson Hotel Group has announced the opening of Radisson Collection Hotel Bamako, Mali, the brand’s debut in Africa. Located in the capital and largest city of Mali, the Radisson Collection Hotel, Bamako is 20 minutes from Bamako’s Modibo Keita International Airport and in close proximity to the city’s embassies, corporate headquarters, and government precinct. Bamako is a metropolis with several museums displaying Mali’s rich history and culture, such as the National Museum or the Muso Kunda Museum. “We are delighted to open the doors of our first Radisson…

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French IPP launches 50MW solar photovoltaic power plant in Mali

MALI – Akuo, a French independent power producer (IPP), has commissioned a 50 Mega Watts (MW) solar photovoltaic power plant in Kita, about 180 km west of Bamako, in the Kayes region of Mali, one of the largest photovoltaic installations in West Africa. This project was implemented in partnership with Pash Global, an investor active in the renewable energy sector. The West African Development Bank, the National Bank for Agricultural Development, the Dutch Development Finance Co., and the Emerging Africa Infrastructure Fund provided funding. “We are delighted to have co-invested…

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IFC invests US$10m in Carrières et Chaux du Mali to increase its production

MALI  – The International Finance Corporation (IFC), a member of the World Bank Group, has announced that it will invest nearly €9 million (US$10.68m) in Malian quicklime and agriculture lime producer Carrières et Chaux du Mali (CCM) to help the company increase its production of these products. With the IFC’s support, CCM plans to increase its production capacity of quicklime from 16 500 t/y to 30 000 t/y by 2023, while also developing the capacity to produce 50 000 t/y of agricultural lime. The investment comprises a loan from the…

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AngloGold Ashanti and Barrick Gold conclude sale of their interest in Morila Limited

MALI – AngloGold Ashanti and Barrick Gold have concluded the sale of their interest in Morila Limited, which owns 80% of the Morila gold mine in Mali, to Firefinch (previously named Mali Lithium) for US$28.8 million. The state of Mali continues to hold the remaining 20%. The net proceeds to AngloGold Ashanti’s account will be US$3.6 million taking into consideration shareholder loans and intercompany payables. Firefinch will seek to extend Morila’s life by accessing satellite resources and adapting the mine’s infrastructure. The company will employ all of Morila’s workforce, providing…

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Canadian mining company B2Gold completes expansion works on Mali goldmine

MALI – B2Gold, a Canadian company that owns and operates gold mines in Mali, Namibia and the Philippines, has successfully expanded the mill at the Fekola mine, in Mali. According to a report by Mining Weekly B2Gold was able to successfully expand the Fekola mill to 7.5-million tonnes a year, a few weeks ahead of the scheduled completion date of September 30. B2Gold reported that results of a 5-day performance test conducted in August exceeded design in throughput, gold recovery, grind and availability. The Canadian mining company said that outstanding…

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Mali partners Fonroche Éclairage to install solar powered lights in Mopti region

MALI – Mali has partnered with Fonroche Éclairage, a French company which specializes in public lighting and the production of renewable energy, to install solar powered lights in Mopti region. The partnership which is under a program known as Trezor (Tranquility in rural areas through public solar lighting) will see the French company supply Mali with 200 solar powered street lighting. The street lamps will be distributed along the main roads and in the busy areas of Mopti, a town with a population of more than 100,000 people. “They will…

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