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Investing in Africa

Fifth Investing in Africa Forum leverages partnerships

The 5th Investing in Africa Forum in Brazzaville opened with the host country’s president emphasising that Africa “must not be condemned to stagnation”.
Off-grid solar

Off-grid solar lights up 60% of Papua New Guinea households

Papua New Guinea has achieved dramatic growth in the use of off-grid solar products with 60% (up from 2% in seven years) of households using solar lighting.

Brazil commissions Latin America’s first digitally-enabled substation

The 156MWp Juazeiro Solar Plant in Brazil is now fully operational and is expected to generate an estimated 357GWh yearly.

Financial position of the World Bank Group entities show strength

World Bank Group commitments to help countries improve living standards and achieve better development outcomes were $59.5 billion in fiscal year 2019.

IFC, MIGA ink deal for 252MW wind farm in Egypt

IFC and MIGA, members of the World Bank Group, signed an agreement to support the development of a 252MW wind farm by Lekela in Egypt’s Red Sea governorate.

Op-Ed: Avoiding the gas curse in Senegal’s energised renaissance

After decades of struggle against a deficient power generation system, Senegal is now on the verge of a shift involving the renewables and gas markets.
Vodacom Tanzania

How digital trends are moulding your future workforce

A recent report by IFC, in cooperation with L.E.K. Consulting hightlights the importance of investing in human capital to keep up with digital trends.
Africa Energy Forum

Reflecting on Africa’s ‘Year of Light’

As four days of debate, discussion, business and innovation got underway in Lisbon, Portugal the message was clear – Africa Energy Forum (aef) 2019...

A smart theme is gradually unfolding for Africa’s utility sector to...

The digital divide is evident in Africa’s utilities, where embracing the smart meter revolution is yet to be fully realised for various reasons.

Côte d’Ivoire: Finance package approved for Azito Phase 4

IFC, Globeleq Africa, and Industrial Promotion Services, (West Africa) have committed $294 million for Azito Phase 4 in Côte d’Ivoire.

MIGA issues record $5.5bn in guarantees

MIGA has mobilised $9.3bn in development financing by issuing $5.5bn in guarantees to cross-border private investors in FY19.

ENGIE and partners reach financial close for PV projects in Senegal

ENGIE and its partners; Meridiam and FONSIS have signed the EPC, O&M and finance contracts for two solar PV projects of 60MW.

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