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The African Development Bank, First City Monument Bank Sign $50 Million Agreement to Enhance Access to Finance for SMEs in Nigeria
FCMB will use the proceeds of the Line of Credit to finance SMEs and WEBs in Nigeria’s agribusiness, manufacturing, healthcare and renewable energy sectors.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Mozambique Receives $2.5 Million Grant from African Development Bank to Develop Renewable Energy Resources
The African Development Bank (AfDB) has approved a grant of $2.5 million to the Mozambican government to develop renewable energy resources.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: Report: In Nigeria, A New Business Model Enables Utilities to Provide Reliable Electricity to Large Commercial and Industrial Customers
A new RMI and Abuja Electricity Distribution Company (AEDC) report shows how electric utilities and distributed energy resource (DER) developers in Nigeria can collaborate to provide large commercial and industrial customers with reliable electricity.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: USAID Awards Baobab+ $1.5 Million to Expand Access to Energy and Finance in the Democratic Republic of Congo
In the Democratic Republic of the Congo (DRC) the need for access to energy is massive, with an estimated 9 percent having access to electricity.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: 70 Million People Gained Energy via Off-Grid Solar Despite COVID – New Report Shows
A new report shows that the off-grid solar industry continues to grow, with 70 million more people having gained access to electricity through off-grid solar power since 2019.
- Categories
- Energy
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Shell-Backed Orb Energy Raises $20 Million
Orb Energy plans to deploy these funds to strengthen its in-house financing facility for rooftop and ground-mounted solar customers in India.
- Categories
- Energy
- Region
- Asia Pacific
- Tags
- renewable energy
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Solar Player Orb Energy Secures Additional USD $20 Million Loan From United States International Development Finance Corporation
This loan will also create additional jobs and cut energy costs for businesses, boosting economic growth in a sector that is key to the countrys development goals.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Press Release: CrossBoundary Energy Access and Engie Energy Access Sign Largest Mini-Grid Project Finance Transaction in Africa to Build $60 Million of Mini-grids in Nigeria
CBEA and ENGIE are excited that this innovative financing approach will provide electricity to more than 150,000 people in Nigeria and can be replicated across Africa.
- Region
- Sub-Saharan Africa
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