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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.
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.
Ascent has announced the first rolling close of its Ascent Rift Valley Fund III (ARVF III) at more than $100 million.
A consortium of development finance institutions and commercial lenders today announced completion of the refinancing of more than $400 million loans of Bujagali Energy Limited (BEL), aiming to help reduce electricity costs in Uganda. The...