Development Finance Institution In UK to Invest $300m in African Power Networks

Posted on :Monday , 10th June 2019

The UK government’s foreign investment tool, CDC Group, said it would provide more than $300m in a new business to expand electricity networks in Africa, which is one of the biggest hitches to economic development in the world’s indigent continent.  

Better returns for Africa as it is contributing to improved use of renewable energy power across the continent

Posted on :Friday , 3rd May 2019

Developing economies everywhere Africa measure during a distinctive position to leapfrog a lot of developed nations by finance in cleaner, environmentally friendlier sources of power at a lower price - main factors conducive to improved use of renewable energy power across the continent.

ACUMEN RAISES $70 MILLION TO FUND CLEAN ENERGY IN EAST AFRICA

Posted on :Friday , 26th April 2019

Acumen is a New York based non profit company that invests in sustainable and socially minded companies around the world.

Established in 2001, Acumen has invested more than $115 million in 113 companies across Africa, Latin America, South Asia, and the United States Acumen Capital Partners a subsidiary of Acumen recently announced a $70 million funding for KawiSafi ven. . .

ENERGY NEEDS IN TANZANIA MET BY INVESTORS INVITED FOR WIND SOLAR PLANTS

Posted on :Saturday , 13th April 2019

As part of plans to diversify its energy generation mix and meet growing demand. Tanzania is seeking investors to build wind and solar power plants. With a minimum capacity of 50MW each the wind power plants are expected to generate 200MW .With  a minimum capacity of 20MW each.The solar plants will generate 150MW located in Dodoma, Singida, Shinyanga, Mwanza, Simiyu, Njombe and Iringa Regi. . .

African Development Bank Commits $25 Billion to Strengthen the Renewable Energies Sector

Posted on :Friday , 26th April 2019

Renewable energy, especially solar energy, is the key to driving Africa's economic development and combating climate change, said the African Development Bank (AfDB) president, while providing $ 25 billion in a new climate funding between 2020 and 2025.

AfDB said the funds would be used to boost investment in renewable energy projects . . .