EIB invests €495 million in transport, energy, internet across Africa
The European Investment Bank has formally agreed a total of €495 million of new financing for three projects to support sustainable transport, clean energy and […]
energy
Morocco, Russia willing to set up tripartite partnership with Africa
Morocco and Russia have voiced willingness to set up a tripartite strategic partnership with Africa that would involve both the public and private sectors. Such […]
BRICS bank Okays $600 mln loans for South Africa, China
The BRICS Development Bank has approved loans of $300 million for energy projects in South Africa and $300 million for a transportation project in China. […]
Africa: Swedfund Commits $14.7 million to Evolution II Energy Fund
Swedfund, Sweden’s development finance institution that supports companies in Africa, Asia, Latin America and Eastern Europe, has invested SEK 126m in the Evolution II Fund, […]
Shell to invest $1bln a year in renewables energy as of 2020
The world’s second largest publicly-traded oil company, Royal Dutch Shell Plc, plans to increase its investment in renewable energy to $1 billion a year by […]
AU secures $150 mln to boost Africa’s geothermal energy
The African Union has mobilized about $150 million in geothermal energy development in East Africa, Chinese News Agency Xinhua reported. According to Rashid Ali Abdallah, […]
Benin secures WB loan to ease power crisis
The World Bank has granted a loan of $ 60 million (34.6 billion CFA francs) to Benin to improve the energy performance in the west-African […]
Nigeria: Exxon Mobil Closes Doors in Lagos over Workers’ Protest
U.S. oil giant Exxon Mobil’s headquarters in Lagos has been shut down, after protesters besieged the company’s offices, protesting the sacking of 150 Nigerian workers. […]
Morocco Forges Ahead on Path of Sustainability, Energy Transformation
Sustainable development and energy transformation were front and center at the energy day which kicked off in the Moroccan pavilion in COP22 Blue zone. With […]
World Bank to Earmark $16 Billion for African Clean Energy Projects
Clean energy projects will be flying high across Africa as the World Bank is planning to raise $16 billion for solar, hydro, and geothermal energy […]