West Africa
Benin: Oikocredit invests in solar mini-grids (Afrik21)
- Solar mini-grid provider Weziza is set to receive USD1.4 million financing from the Dutch impact investor to implement a rural electrification project.
Ghana/ Kenya: EDFI lends USD3 million to solarise businesses (Afrik21)
- The EU-funded facility is signing a new loan for Redavia, which will use the investment to finance its expansion in Ghana and Kenya.
Liberia: RREA invites bids for hydropower plant (KQ Education Group)
- Sealed bids from eligible bidders are invited for the design, supply and installation of hydro-electro-mechanical equipment and associated civil works for the Gbedin Falls plant.
Nigeria: Federal Executive Council approves multi-billion naira contracts (The Guardian)
- The funding aims to improve the country’s struggling grid supply through the purchase of major electricity transmission equipment.
Nigeria: SEC restates the role of the capital market (The Guardian)
- The SEC Director General has claimed that the capital market has the potential to achieve more in the areas of provision and long-term funds to develop the country’s infrastructure.
Nigeria: Westa Solar secures GBP1.5 million loan (BusinessDay)
- The financing, secured from the Austrian Development Bank and provided by the African-Austrian SME Investment Facility, aims to accelerate the development of solar projects to reduce energy costs and emissions.
Nigeria: Siemens power deal expected to take a major leap in the autumn (This Day)
- In September, electricity equipment is expected to start arriving from FGN Power Company in Germany, which upon installation should substantially improve the supply of electricity in the country.
Senegal: World Bank announced USD495 million in financing deals (Electricity Hub)
- The finances are to fund rural electricity, education, road access and climate-resilient infrastructure in the country.
Solar: WAPP Secretariat and International Solar Alliance (ISA) sign MoU (ESI Africa)
- The MoU established mutual collaboration between the parties to more effectively exchange knowledge and build the capacity of WAAP member utilities in the solar sector.
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