Africa - other
Egypt: MIGA issues guarantee to refinance solar parks (ESI Africa)
- Virtuo Finance has secured the USD98.3 million guarantee to boost the sustainable refinancing of six operational solar power plants in Benban Solar Park.
ESG: AfDB launches first ESG African frontier-currency bond (AfDB)
- The UGX5 million bond is the first ever African frontier currency-denominated environmental, social and governance issuance by a multilateral institution.
Green finance: IFC invests in Elsewedy Electric for clean energy access (Zawya)
- The IFC has invested USD150 million in the company to expand, upgrade and enhance sustainable renewables manufacturing operations in several African countries.
Hydropower: Africa to receive USD290 million for hydropower development (The Electricity Hub)
- The UK government has announced a new capital investment in the continent’s hydropower sector as Prime Minister Boris Johnson says he welcomes the green industrial revolution ‘sweeping across Africa’.
Tunisia: 200kW floating solar plant switched on (TaiyangNews)
- The plant has been energised by STEG, the country’s electricity and gas company, and is the first such PV facility to have become operational in all of the Middle East and North Africa (MENA) region.
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