-
World Bank Approves $150 Million for Electricity Services in Senegal
The World Bank’s Board of Executive Directors approved $150 million from the International Development Association (IDA) to increase access to electricity services for households, enterprises, and critical public facilities in Senegal.
- Categories
- Energy
- Region
- Sub-Saharan Africa
-
Analysis: Europe’s Phase-Out of Russian Energy Over the Ukraine Crisis Could Mean Opportunity for African Countries
Suppliers such as the underdeveloped frontier energy markets of Africa may find new energy sector investors in Europe who can no longer rely on Russian natural gas, which has long been their dominant source.
- Categories
- Energy
- Region
- Sub-Saharan Africa
-
Using Blended Finance to Navigate the Pandemic: How an Innovative Funding Vehicle is Helping SMEs Survive COVID-19 and Advance the SDGs
Emerging economies' progress toward the Sustainable Development Goals (SDGs) is behind schedule, and COVID-19 has set their efforts back even further. Margi Goelz at Georgetown University and Bridget Bradley at Tetra Tech discuss the value of blended finance in closing these countries' estimated $2.5 trillion annual SDG funding gap. They explore how an innovative blended finance facility has helped a Kenya-based energy company navigate the pandemic and contribute to the SDGs, and how this approach can support other small- and medium-enterprises (SMEs) in emerging markets.
- Categories
- Coronavirus, Energy, Investing
-
Spark+ Africa Fund Raises Over $40 Million in a First Close to Invest in Clean and Modern Cooking Solutions in Africa
Spark+ Africa Fund (“Spark+”) launched in partnership with 12 development finance institutions, foundations, family offices, and pension funds as the world’s first impact fund financing clean and modern cooking solutions in developing markets.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
-
SEforALL and UN-Energy Announce Microsoft Signing Two Energy Compacts
Microsoft is the latest company to submit an Energy Compact, affirming its commitment to drive decarbonization of the electric grid to combat climate change.
- Categories
- Energy, Environment
- Region
- Global
-
AfricaGoGreen Fund Receives $31.5 Million to Promote Private Sector Efficiency Investments
Development finance institution (DFI) the African Development Bank (AfDB) and its Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20-million in the AfricaGoGreen Fund (AGGF) debt fund.
- Categories
- Energy, Environment
- Region
- Sub-Saharan Africa
-
Baobab+ Launches Pay-As-You-Go Solar in Nigeria
Baobab+, the leader in rural electrification in West Africa and Madagascar, has launched its Pay-As-You-Go solar power service in Nigeria.
- Region
- Sub-Saharan Africa
- Tags
- off-grid energy, solar
-
Viewpoint: Russia’s Invasion of Ukraine: What Does It Mean for Africa?
The invasion has done profound damage to Russia’s relations with the West, which will be difficult to reverse as long as Putin and like-minded people around him are in power. Africa should brace itself for the challenging years ahead.
- Categories
- Agriculture, Energy, Environment, Finance, Health Care, Investing, Technology
- Region
- Europe & Eurasia