Kibo Energy plc, the multi-asset Africa-focused energy company, announced that a definitive feasibility study (DFS) has been designed to confirm Benga Independent Power Project’s commercial and operational viability is progressing well ahead of schedule
Energy
AFC invests US$197.08mn in 44MW hydro power project in Côte d’Ivoire
Africa Finance Corporation (AFC) has announced the financial close of a bridge loan facility contracted by Ivoire Hydro Energy (IHE) for the construction of the 44MW Singrobo-Ahouaty hydroelectric power project (SAHP) and associated infrastructure
Lisbon hosts 21st Africa Energy Forum
The 21st Africa Energy Forum takes place from 11-14 June 2019 in Portugal, providing a platform for important energy projects to be reviewed and showcased in front of international investors
AfDB approves US$25mn grant for renewable energy projects
The African Development Bank (AfDB) has approved an equity investment of up to US$25mn in ARCH Africa Renewable Power Fund (ARPF), a US$250mn private equity fund for renewable energy projects across Sub-Saharan Africa
BBOXX signs US$31mn deal with AIIM
Africa Infrastructure Investment Managers (AIIM), though its AIIF3 fund, is investing US$31mn for a minority stake in BBOXX’s operations in Rwanda, Kenya and the Democratic Republic of Congo (DRC), in which about 10mn is expected to gain energy access