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World Bank Grants South Africa a $1.5 Billion Loan for Infrastructure Upgrade and Green Energy Transition
Deteriorating rail systems, jammed ports and frequent blackouts have hindered vital industries like mining and auto manufacturing in South Africa, contributing to slow economic growth over the last decade in Africa’s most developed economy.
- Region
- Sub-Saharan Africa
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Private Sector Developers Sign Funding Agreement to Fast-Track Rural Electrification in Zambia
This round of funding will stimulate and incentivize end-use demand for energy supplied by 43 existing and new mini-grids across Zambia, bringing reliable and affordable energy to underserved areas.
- Categories
- Energy, Investing, Technology
- Region
- Sub-Saharan Africa
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MCFA to Support KOKO Networks to Scale up Its Bioethanol Solution for Clean Cooking Across Kenya
The first project from MCFA’s second funding round has been signed with KOKO Networks, a Kenyan provider of clean cooking solutions based on the use of sustainable bioethanol.
- Categories
- Energy, Environment, Investing
- Region
- Sub-Saharan Africa
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Report: World is Off Track to Achieve Universal Energy Access by 2030
"While almost 92% of the world’s population now has basic access to electricity – an improvement since 2022 – over 666 million people remain without access . . . "
- Categories
- Energy
- Region
- Global
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BURN, Trade and Development Bank Group to Expand Access to Clean Cooking in Mozambique, DRC & Zambia
The agreement will support the rollout of BURN’s industry-leading ECOA biomass and IoT-enabled induction cookstoves.
- Region
- Sub-Saharan Africa
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African Development Bank’s SEFA and Partners Sign $26.5 Million Deal for Zambia’s Ilute Solar Project
The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has committed to contribute $8 million toward a $26.5 million financing package to support the 32 MWp Ilute Solar Project in Zambia.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Wetility Secures $27.8 Million from Jaltech to Scale Solar Access for South African Homes and SMEs
The capital injection is set to support Wetility’s plans to provide solar power and battery systems to over a million homes and businesses across South Africa.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- energy access, MSMEs, scale, solar
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Zero Carbon Charge Secures $5.6 Million to Expand Solar EV Charging Network in South Africa
The investment will support the company’s efforts to build a national network of solar-powered, ultra-fast electric vehicle (EV) charging stations positioned every 150 kilometres along the country’s major roads.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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