Finance and Policy

ESI Africa is a provider of daily electricity news. Our coverage includes Africa investment news as well as energy regulation and energy funds.

renewables climate change

New Renewables report shows climate policy promises are empty

Despite a historic decline of 4% in primary energy demand as the COVID-19 pandemic ravaged the world’s economies, polluting G20 countries barely met and still missed their unambitious renewable energy targets.
embedded generation

SAPVIA fully embraces embedded generation threshold increase

The South African Photovoltaic Industry Association (SAPVIA) has endorsed last week’s announcement by the South African president to raise the licensing threshold for embedded generation plants to 100MW.
fund

AfDB injects loan of $116 million into Egypt’s electricity sector

The Board of Directors of the African Development Bank (AfDB) have approved an $116 million loan to fund the second phase of Egypt’s Electricity and Green Growth Support Program. This programme seeks to enhance the power sector’s financial sustainability, governance and operations.
nuclear

Kenya progressing steadily on nuclear infrastructure plans

The International Atomic Energy Agency says Kenya has made progress in implementing their recommendations from an earlier IAEA nuclear infrastructure review mission.
Kusile Power Station

Kusile Power Station to be completed on schedule says Eskom

The Eskom board and management are committed to the completion of the Kusile Power Station by the revised completion date within the 2024/25 financial year.
Ghana SDG

Ghana: Government to bolster investment to meet SDG targets

The World Economic Forum, in partnership with the Government of Ghana, is launching the first Country Financing Roadmap (CFR) for Sustainable Development Goals (SDGs) initiative in Africa. The new country led approach aims to bolster investment and build public-private cooperation to meet Ghana’s SDGs.
access to energy and water

ITFC approves $250 million to support economic sectors in The Gambia

The International Islamic Trade Finance Corporation (ITFC) a member of the Islamic Development Bank (IDB) Group has signed a new five-year framework agreement that aims at boosting trade development across The Gambia’s agriculture, energy, healthcare, and private sectors.
hydrogen

IRENA and Morocco collaborating to explore hydrogen economy

IRENA and the Moroccan Ministry of Energy, Mines and Environment (MEME) have signed an agreement to actively pursue green hydrogen studies.
technical advisor

West Africa: $465 million approved for regional electricity access

Countries in the Economic Community of West African States (ECOWAS) will expand access to grid electricity to over one million people, enhance power system stability for another 3.5 million people, and increase renewable energy integration in the West Africa Power Pool (WAPP).
climate finance

Ecobank raises first sub-Saharan tier two sustainability notes

Ecobank Transnational Incorporated (ETI), the Lomé based parent company of the Ecobank Group, announced that it has successfully raised $350 million tier two sustainability notes. This represents the first ever tier two sustainability notes by a financial institution in sub-Saharan Africa.

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