Latest Sub-Saharan Africa News
Orion signs IDC loan for Prieska mine
Orion Minerals has signed with South Africa’s IDC a $14.6 million convertible loan for its Prieska zinc-copper mine in Northern Cape, South Africa
Standard Bank, RMB set to lend on Seriti’s wind project
Two local lenders will sign with South African renewables developer Seriti Green the debt for its $233 million, 155MW Mpumalanga wind farm project
MIGA signs Somalian solar plus storage guarantee
MIGA has issued a $5.67 million guarantee to cover Norwegian renewables developer Kube Energy’s debt and equity in a 2.8MW solar hybrid project in Baidoa, Somalia
Hogan Lovells adds 2 in South Africa
Hogen Lovells has relocated Thomas Hechl to lead its Africa projects practice and hired Deepa Vallabh as senior M&A partner – both in South Africa
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Scatec, Norfund to spin off Upington solar
Renewables Sub-Saharan AfricaScatec and Norfund have signed with STANLIB Asset Management a $57.5m agreement to sell a combined 60% stake in the 258MW Upington solar portfolio in South Africa
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South Africa developers moot hydrogen plans
Renewables Sub-Saharan AfricaRenewables developer WKN Windcurrent has signed an MoU with chemicals group Omnia to explore green hydrogen and ammonia production in South Africa
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FMO, InfraCo Africa participate in Kenyan telecom Series B raise
Telecoms Sub-Saharan AfricaKenyan ISP Mawingu has closed on a $9 million Serie B fund raise to expand its telecoms business across the east African state
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BII appoints Chijiutomi as Africa head and MD
Power Sub-Saharan AfricaBII has promoted Christopher Chijiutomi to the twin roles of managing director and head of its Africa department
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Guinea-Bissau to sell off 80% stakes in telecom companies
Telecoms Sub-Saharan AfricaGuinea-Bissau has announced that stakes of up to 80% in state-owned GuinéTelecom and GuinéTel will be offered to the market
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Scatec hires hydropower head in Cape Town
Renewables Sub-Saharan AfricaScatec has hired Anton-Louis Olivier as its African head of hydropower as the company prepares to further diversify its power business
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CFM backs Bronkhorstspruit Biogas Project expansion
Renewables Sub-Saharan AfricaCFM will commit $38.5 million in equity financing to expand the 4.8MW Bronkhorstspruit Biogas Project in Gauteng, South Africa
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EDF puts Coleskop wind farm to FC
Renewables Sub-Saharan AfricaAn EDF Renouvelabes-led consortium has put the 140MW Coleskop wind farm to financial close completing its trio of wind projects in South Africa’s fifth REI4P round
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Elektros starts feasibility study for Sierra Leone mining
Mining Sub-Saharan AfricaElectric transport company Elektros has begun discussions regarding a potential stake or development agreement for a virgin lithium mining project in Sierra Leone, Africa
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Eskom launches second phase of renewables IPP land lease tender
Renewables Sub-Saharan AfricaSouth Africa’s national energy utility Eskom has issued the RFPs for the second phase of its land leasing programme in the Mpumalanga Province
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GreenYellow signs local debt for Mauritius solar PV
Renewables Sub-Saharan AfricaGreenYellow has signed with MCB a $7.9 million loan to finance a solar power plant in Arsenal on the island nation
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DEG, Proparco sign syndicated loan with AFC
Transport Sub-Saharan AfricaTwo European DFIs have signed with the AFC a 10-year, €150 million loan facility
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Expro secures LNG deal with Eni
Oil & Gas Sub-Saharan AfricaEnergy services provider Expro Group has secured a contract with Eni Congo – a subsidiary of Eni – for a liquefied natural gas pre-treatment facility in Congo
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Air Liquide, Sasol and Enel ink renewables agreement
Renewables Sub-Saharan AfricaChemical firms Air Liquide and Sasol have signed PPAs with Enel Green Power for the long-term supply of renewable power to Sasol’s Secunda site in South Africa
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IFC mulls DRC telecom project loan
Telecoms Sub-Saharan AfricaThe IFC is considering a $80 million debt package for a $208 million telecoms project sponsored by Africa-focused firm Eastcastle