The African Development Bank Group has approved, on 18 February, $58.04 million to expand access to reliable and clean electricity across three towns in the Eritrea’s southwest Gash Barka region. Under the Eritrea Energy Integrated Project for Tesseney, Kerkebet and Berantu, the Bank Group will provide an African Development Fund… +
The strategic financing will support Sonangol’s projected operating and capital expenditure requirements African Export-Import Bank (Afreximbank), working with other mandated lead arrangers, has successfully closed a US$1.75 billion syndicated receivables purchase facility for Sonangol, Angola’s national oil company. The strategic financing will support Sonangol’s projected operating and capital expenditure requirements,… +
The African Development Fund’s (ADF) Board of Directors has approved a grant of $22.9 million for the rehabilitation of Malawi’s Kapichira and Nkula B hydropower plants, marking a transformative investment in the nation’s energy future. The $118.7 million initiative, with co-financing opportunities, will rehabilitate two critical power generation facilities—Kapichira I… +
Spiro, one of Africa’s leading two-wheeler electric mobility companies, announced on Tuesday, October 21, 2025, that it has raised $100 million (USD) to expand its battery-swapping infrastructure. This record-breaking fundraising round marks a major milestone for the electric motorcycle sector on the continent. Record Funding and Innovative Business Model The investment represents… +
Since the launch of Mission 300, 30 million people have already been connected, with more than 100 million in the pipeline Seventeen African governments today committed to reforms and actionable plans to expand electricity access as part of Mission 300—an ambitious partnership led by the World Bank Group and African… +
With about one-third of the world’s essential mineral reserves, Africa’s subsoil has become a major strategic interest for many countries. After Saudi Arabia and the United Arab Emirates, Qatar is now the latest Gulf state to display its ambitions on the continent. In August 2025, Sheikh Al Mansour Bin Jabor… +
To strengthen the energy sector in Ivory Coast, the United States, through the Millennium Challenge Corporation (MCC), has established a new partnership. An agreement worth $322 million was signed in Abidjan, with the United States committing $300 million and the remainder funded by Ivory Coast. Objectives of the Collaboration This… +
Ronald Adams, Managing Director of SNEPCo (Shell Nigeria Exploration and Production Company) and Chairman of the investment company All On, has highlighted the need for substantial investments to address Nigeria’s energy crisis. According to him, the lack of access to energy affects millions of households and industries across the country.… +
Faustin-Archange Touadéra, President, Central African Republic joins AEW: Invest in African Energies 2025 as a speaker as the country accelerates clean energy growth, regional power partnership and climate resilient projects Faustin-Archange Touadéra, President, Central African Republic (CAR) is confirmed to speak at this year’s African Energy Week (AEW): Invest in… +
The financing alleviates initial operational expenditures and enhances DIL’s balance sheet, supporting its continued growth trajectory African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is pleased to announce the signing of a US$1.35 billion financing facility in favour of Dangote Industries Limited (DIL). The facility is part of a larger approximately US$4 billion… +
