Africa Supply Chain in Action 2020 (#ASCA2020) is Africa’s collaborative response to Supply Chain Management and Procurement of the future.
The Africa Renewable Energy Fund II (AREF II) has raised $180 million from seven investors. The fund, managed by Berkeley Energy, will finance renewable energy in sub-Saharan Africa.
Madagascar’s state utility Jirama has announced plans to extend the capacity of Ambatolampy solar PV power plant as well as add battery storage.
Finance and Policy
The International Atomic Energy Agency says Kenya has made progress in implementing their recommendations from an earlier IAEA nuclear infrastructure review mission.
The Emerging Africa Infrastructure Fund (EAIF) and Proparco will finance a biomass power plant with grid injection in Africa in Côte d’Ivoire in a first for the continent.
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).
Winch Energy, an off-grid utilities provider, is looking to raise up to $2.1 million through a crowdfunding campaign to accelerate the installation of renewable energy technology in Sierra Leone and Uganda.
Business and markets
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.
Business and markets
“It is important that the right of developing economies to policy space and sufficient time to achieve a just transition be respected,” President Cyril Ramaphosa said at the G7 Leaders' Summit.
The IHA's 2021 status report shows that installed global hydropower capacity rose by 1.6% to 1,330GW over the past year but is falling short.
“The country is in the throes of an energy crisis and the importance of the discussions at Enlit Africa this week have been punctuated by loadshedding.”