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Burkina Faso eyes six solar power plants to boost renewables

Burkinabe government has signed an agreement with private power producers (IPPs) to develop six solar power plants to increase the rate of access to electricity in the West African Sahel nation. The plant will supply a total of 155 MW according to the Minister of Energy, Bachir Ismaël Ouédraogo, who signed several agreements with private […]

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BRICS to inject $2.3 billion into South Africa energy sector, others

The New Development Bank (NDB), the arm of the BRICS that provides financing to the poorest countries has signed agreements with Development Bank of Southern Africa (DBSA) Eskom, the South African national electricity transmission and distribution company for development of renewable energies and the construction of interconnection lines in the southern African nation. South Africa […]

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Guinea gets $106 million to develop off grid projects

In Guinea, the World Bank and the French Development Agency (AFD) will support electrification projects in the capital city Conakry, and develop off grid in more remote areas. The World Bank and AFD have lent $50 million and $56 million respectively to the West African nation to rehabilitate and extend the electricity transmission network. The […]

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Solar Energy: US to power 28 health clinics and 310 schools in Ghana

The US Trade and Development Agency (USTDA) is providing support for a detailed feasibility study for solar projects in Ghana, US Ambassador to Ghana Stephanie S. Sullivan said. According to the US diplomat, a new partnership between the Ghanaian Strategic Security Systems International company and its subsidiary Strategic Power Solutions, and the US Company AEG […]

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Afdb approves €12.5 million investment in Adiwale Fund 1 targeting Francophone West Africa

The Board of the African Development Bank has approved a €12.5 million equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high growth potential Small and Medium Sized Enterprises (SMEs) in Francophone West Africa. With a target fund size of €75 million, the Fund will take minority stakes in SMEs that are […]

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AfDB, World Bank commit more funds for renewable energies in Africa

The African Development Bank (AfDB) will soon launch ‘Green Baseload’ Facility to provide concessional finance to support reliable and affordable renewable energy, the bank’s president Akinwumi A. Adesina said. Speaking at the One Planet Summit in Nairobi, Adesina said that the Bank would commit at least US$25 billion towards climate finance. In his words, the […]

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Rwanda secures US$ 20 million from BADEA to increase electricity supply

The government of Rwanda has signed a concessional loan agreement with The Arab Bank for Economic Development in Africa (BADEA) to finance rural electrification project in Nyamagabe and Nyaruguru Districts in the East African nation. The US$ 20 million loan will be dedicated for the supply and construction of distribution networks and meters and service […]

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Liberia to connect 102.000 households to the electricity grid

In Liberia, about 102,000 households will soon be connected to the national grid to increase reliable access to affordable electricity throughout the West African nation, Liberia News Agency (LINA) reported. This initiative will include the Monrovia Consolidation, Kakata Corridor and the Monrovia-Bomi Corridor, the state-run news agency said quoting Information Manager at the Public Affairs […]

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Successful new oil & gas drilling results offshore Ghana

Oslo-based exploration firm Aker Energy has found oil in the Pecan South-1A well, offshore Ghana after a drilling campaign in the West African nation. The company has estimated the discovery at 450-550 million barrels of oil equivalent. Further analysis is currently ongoing and the company will commence sidetrack drilling in order to confirm initial findings […]

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Tunisia: Tunisair to downsize, State tries to keep airline afloat

Tunisia’s flagship carrier will shed over 1,000 jobs by 2020 as part of austerity measures by the state to keep the airline in operation. Transport minister Hichem Ben Ahmed has told administrative reforms committee in the parliament that 1,146 jobs will be cut off from the current 7,800 at the airline. The carrier operates 30 […]

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