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Renewables Sub-Saharan Africa
BII’s Ghana growth platform makes first investment
The Growth Investment Partners Ghana platform has made its first investment – providing growth capital for E-Services Africa Limited
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Telecoms Sub-Saharan Africa
UPDATE: EAIF commits $39m to west African telecom bond
The Emerging Africa Infrastructure Fund and the International Finance Corporation have acted as anchor investors for a XOF75 billion receivables-backed bond issued by securitisation vehicle Fonds Commun de Titrisation de Créance to support West African telecoms carrier Sonatel
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Transport Sub-Saharan Africa
Mozambique approves $2bn port expansion deal
Mozambique has approved an extended deal with the Maputo Port Development Company for the Maputo Port, including a $2 billion expansion
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Renewables Sub-Saharan Africa
Cote d’Ivoire, PFO partner for 52MW solar
The Government of Cote d’Ivoire and PFO Energies, a subsidiary of PFO Africa, have signed a concession agreement and power purchase agreement for a 52MW solar PV plant in Sokhoro
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Transport Sub-Saharan Africa
AARG signs MoU to advise on Lobito corridor
The All-American Rail Group will provide advisory services for the Angolan portion of the Lobito corridor, solidified through the signing of an MoU with Angola’s Ministry of Transport
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Renewables Sub-Saharan Africa
DEG adds $20m to Adenia V commitment
DEG has today confirmed an additional commitment to Adenia Partner’s fifth fund
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Mining Sub-Saharan Africa
Giyani Metals secures funding for Botswanan HPMSM
Giyani Metals Corp has secured a further $10 million to finalise a $26 million funding package from private equity firm ARCH Emerging Markets Partners through its Sustainable Resources Fund for the Botswanan K.Hill battery-grade manganese project
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Oil & Gas Sub-Saharan Africa
Africa Oil raises stake in SA Block 3B/4B
Africa Oil Corporation has received final approval from the Government of South Africa for the transfer of a 6.25% interest in Block 3B/4B in the Orange Basin from Azinam, a wholly-owned subsidiary of Eco Atlantic Oil & Gas
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Renewables Sub-Saharan Africa
Elektron Energy promotes Solebo to co-chief executive
Nigerian infrastructure development company Elektron Energy has promoted Deen Solebo to co-chief executive
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Oil & Gas Sub-Saharan Africa
Synergy Consulting promotes Umredkar to partner
Synergy Consulting has promoted managing director Praveen Umredkar to partner
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Telecoms Sub-Saharan Africa
EAIF commits $39m to west African telecom bond
The Emerging Africa Infrastructure Fund has committed XOF23.5 billion to a XOF75 billion receivables-backed bond issued by securitisation vehicle Fonds Commun de Titrisation de Créance to support West African telecommunications carrier Sonatel
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Renewables Sub-Saharan Africa
SPS to build 10MW solar to power Namibia mine
Sustainable Power Solutions, together with its partners Fortitude and the Oelofse family, are funding and developing a N$200 million, 10MW solar plant in North Central Namibia to power B2Gold’s Otjikoto gold mine
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Oil & Gas Sub-Saharan Africa
Serinus Energy PB for Angolan KON-13 block
Serinus Energy has been confirmed as preferred bidder for the KON-13 block in the onshore Kwanza basin in Angola, with formal notification of the company’s PB status expected from the Agência Nacional De Petróleo, Gás E Biocombustíveis in the coming days
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Renewables Sub-Saharan Africa
Aggreko acquires RenEnergy's SA, UK businesses
Aggreko has acquired the South African and UK based businesses of RenEnergy, a renewable energy company focused on solar energy generation and storage solutions for the C&I sectors
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Renewables Sub-Saharan Africa
ARM-Harith appoints Moré-Oshodi as CEO
ARM-Harith Infrastructure Investments has appointed Rachel Moré-Oshodi as chief executive, effective March 2024 and based in Lagos, Nigeria
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Renewables Sub-Saharan Africa
RMB, Clairfield partner on M&A advisory
Rand Merchant Bank and Clairfield International have announced a formal M&A advisory partnership spanning 32 countries
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Renewables Sub-Saharan Africa
Societe Generale, IFC partner to push sustainable financing
IFC and Societe Generale have inked a collaboration framework agreement to accelerate sustainable finance in developing countries
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Renewables Sub-Saharan Africa
Dubai Chambers backs AMEA Power's Mozambique solar
AMEA Power, with backing from Dubai International Chamber, has signed a partnership agreement with Mozambique renewables developer Hidropower for the construction of the 125MW Matambo solar PV plant
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Oil & Gas Sub-Saharan Africa
Uganda-Tanzania pipeline blockage
The controversial 1,444km Uganda-Tanzania pipeline – the East African Crude Oil Pipeline – is facing yet another hurdle as reinsurance companies rule out involvement in the project