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Power Sub-Saharan Africa
EXCLUSIVE Gridworks gears up to FC for Ugandan ITP
Gridworks’ $70 million Ugandan independent transmission project “Amari” is set to reach financial close in the next few months
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Transport Sub-Saharan Africa
Financing for Indorama's Nigerian growth
An International Finance Corporation-led consortium has signed a finance package for fertiliser producer Indorama Eleme Fertilizer and Chemicals to support its growth strategy at its operations in Port Harcourt, Nigeria
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Transport MENA
Dubai approves AED 40bn in PPPs
Dubai’s finance ministry has approved AED 40 billion in PPP projects over the next 3 years
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Renewables MENA
Schneider Electric partners for Gulf renewables
French multinational Schneider Electric and UAE-based decarbonisation business Positive Zero have signed an MoU to collaborate on sustainable energy development in the UAE and Oman
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Telecoms Sub-Saharan Africa
Actis to acquire Swiftnet for $355m, South Africa
UK-based emerging markets investor Actis is set to acquire Swiftnet, with the aim of creating a "leading independent telecom tower platform in South Africa".
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Renewables Sub-Saharan Africa
Namibian green hydrogen closes in on German support
The German Government has presented a letter of intent to Enertrag, confirming the suitability of Hyphen’s Namibian Tsau Khaeb green hydrogen project as a “strategic foreign project”
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Oil & Gas MENA
Adnoc signs second LNG for Ruwais project
Adnoc this week has signed a 15-years head of agreement with SEFE Securing Energy for Europe for the delivery of 1mmtpa of liquefied natural gas LNG
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Transport MENA
Parkin begins trading in Dubai
Dubai parking business Parkin began trading in Dubai on Thursday, raising AED 1.57 billion
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Renewables Sub-Saharan Africa
Investment for Niger State solar-hydro hybrid
The Renewables Investment Platform for Limitless Energy and pan-African generation company North South Power are jointly investing in a 20MW solar-hydro hybrid project in Shiroro, Niger State
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Renewables MENA
Mubadala, Uber lead $100m funding round for Moove
Global mobility fintech Moove completed a $100 million fundraising round on Tuesday, led by Mubadala and Uber
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Mining Sub-Saharan Africa
Bidco in final offer for east African gold miner
ETC Holdings – through its subsidiary Saturn Resources – has made an “increased and final” cash takeover offer for East Africa gold producer, developer and explorer Shanta Gold
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Oil & Gas Sub-Saharan Africa
Nigeria-Morocco pipeline – FID for Dec 2024
A final investment decision on the $25 billion Nigeria-Morocco gas pipeline project will be taken in December 2024
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Power MENA
ACWA Power refinances Al Dur 2, Bahrain
ACWA Power has refinanced $580 million of its existing debt for the Al Dur 2 IWPP in Bahrain
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Renewables Sub-Saharan Africa
Team takes shape for Springbok, SA
Chinese solar and energy storage provider Trina Solar has partnered with Sola Group and WBHO Construction for the 195MW Springbok project in South Africa’s Free State province
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Renewables MENA
X-NOOR signs 10-year C&I deal, Dubai
X-NOOR – the JV between X-ELIO and infrastructure/energy developer DUTCO – has signed a solar PV lease agreement with John Crane Middle East FZE in Dubai
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Renewables Sub-Saharan Africa
AFD and CDC recommit to STOA, plan €600m investments
Groupe Caisse des Dépôts and Agence Française de Développement have added to their investment in STOA Infra & Energy, as the impact fund plans to gear up operations
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Power MENA
Tender launched for Oman wind IPPs
Oman’s Nama Power and Water Procurement has issued RFQs for 5 wind independent power projects at various locations
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Oil & Gas Sub-Saharan Africa
Savannah Energy takes full control of Stubb Creek field
Savannah Energy has signed Share Purchase Agreements with Sinopec International Petroleum Exploration and Production Corporation and Jagal Ventures to acquire all outstanding share capital in SIPEC Nigeria
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Renewables MENA
Iraq WtE project nears award
Procurement of a waste-to-energy plant at Nahrawan in the Iraqi capital of Baghdad is nearing award to one of the 17 teams understood to have been shortlisted the project