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Renewables Sub-Saharan Africa
AfDB commits $15m to TDB Class C Green + shares
The African Development Bank has announced a follow-up $15 million equity investment in the Trade and Development Bank Group’s Class C Green + shares
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Mining Sub-Saharan Africa
Xtract, CL release JV details
London-based mining company Xtract has released details on its joint venture with Cooperlemon Consultancy, regarding 2 prospective large-scale exploration licenses – 29123-HQ-LEL and 30459-HQ-LEL – in north west Zambia
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Telecoms Sub-Saharan Africa
Bayobab lands subsea cable in Nigeria and Ghana
Bayobab, with support from MTN, has extended the reach of its 45,000km-long subsea cable, landing it in Accra, Ghana and Lagos, Nigeria
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Renewables Sub-Saharan Africa
Inspired Evolution acquires minority in East African C&I solar
Inspired Evolution – through its latest energy transition fund – has closed a minority co-investment in the majority holding consortium of Equator Energy, an East African commercial and industrial solar provider
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Transport Sub-Saharan Africa
Angola rail corridor secures first customers
Trafigura and Kamoa-Kakula – a JV between Ivanhoe Mines and Zijin Mining – has signed long-term commitments to transport minerals via the Lobito Corridor rail infrastructure project for a minimum term of 6 years
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Renewables Sub-Saharan Africa
UPDATE: RMB facilitates $148m for SOLA Group's solar PV
Rand Merchant Bank has facilitated a R2.8 billion debt and equity package for the South African IPP SOLA Group for its 150MW multi-offtake solar PV project near Virginia in the Free State
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Power Sub-Saharan Africa
EXCLUSIVE Joint agreement expected for Cameroon hydropower project
A joint agreement is expected in the coming weeks between Hydromine and a major hydropower stakeholder of Cameroon’s Grand Eweng Hydropower project
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Renewables Sub-Saharan Africa
Axian acquires GreenYellow's stake in African renewable projects
Pan-African group AXIAN has signed agreements relating to the acquisition of solar assets in Madagascar and Burkina Faso from its strategic partner GreenYellow
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Renewables Sub-Saharan Africa
Swire acquires SA renewables company Obelisk
Swire Renewable Energy has acquired South African renewable energy service provider Obelisk Energy Services, its related South African group companies and its Irish company, Obelisk Energy Ireland
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Mining Sub-Saharan Africa
Kenmare agrees $200m RCF for Mozambique Moma mine
Irish titanium minerals and zircon producer Kenmare Resources – which operates the Moma Titanium Minerals Mine in northern Mozambique – has received commitments for a $200 million revolving credit facility from major banks
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Renewables Sub-Saharan Africa
UAE IPP advances 48MW South African solar
Dubai-headquartered IPP Yellow Door Energy has completed the development phase for a 48MW solar PV plant in Leeudoringstad, South Africa
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Mining Sub-Saharan Africa
Guinea council approves Simandou iron ore deal
Guinea’s National Transition Council has approved a joint development deal for the $15 billion Simandou iron ore project involving the government of Guinea, Rio Tinto and the China-backed Winning Consortium Simandou
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Transport Sub-Saharan Africa
AfDB provides $40m for Mozambique rail infra
The African Development Bank has issued a $40 million corporate loan to Mozambique's state-owned rail and port authority Portos e Caminhos de Ferro de Moçambique EP for the development of rail infrastructure in the southern African country
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Renewables Sub-Saharan Africa
Namibian ECB approves Solarcentury, Solnam's 60MW solar
Solarcentury Africa and SolNam Energy have received an updated generation license from the Namibian Electricity Control Board, allowing them to build a 60MW merchant solar project in Namibia
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Power Sub-Saharan Africa
EXCLUSIVE Ninety One to launch SA-focused infra vehicle
Asset manager Ninety One is planning to launch a South Africa-focused infrastructure investment vehicle in 2024, IJGlobal understands
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Renewables Sub-Saharan Africa
CIF makes $46.39m loan to boost Kenya's grid
The Trust Fund Committee of the Climate Investment Fund has provided a $46.39 million concessional loan as part of a $70 million plan to advance the integration and utilisation of renewable energy in the Kenyan grid
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Renewables Sub-Saharan Africa
Scatec, Standard, Stanlib launch Lyra Energy platform
Scatec, Standard Bank and Stanlib have partnered to establish renewable energy platform Lyra Energy which offers distributed access to utility-scale renewable energy to medium and large commercial and industrial actors in South Africa
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Renewables Sub-Saharan Africa
Growthpoint signs PPA for 195GWh clean energy
South Africa’s largest real estate investment trust Growthpoint Properties has entered into a PPA with electricity trader Etana Energy and renewable energy operator Serengeti Energy for 195GWh of renewable energy a year
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Renewables Sub-Saharan Africa
RMB facilitates $148m for SOLA Group's solar PV
Rand Merchant Bank has facilitated a R2.8 billion debt and equity package for the South African IPP Sola Group for its 150MW multi-offtake solar PV project near Virginia in the Free State