$20 million
Equity investment approved by African Development Bank in the Africa50 Infrastructure Acceleration Fund I. The investment will support Africa50's target of mobilising $500 million private capital for strategic infrastructure across the continent.
(Africa Market Trends)
50 MW
Solar power plant to be constructed in Tanzania, making it the largest in the East African country. The deal between Tanzania Electronic Supply Company Limited and Total Energies aims to optimise the energy sector and strengthen the availability of electrical power in the country.
(Africa Energy Portal)
300
Businesses from 22 countries in Africa have joined the single market trade hub launched by Ecobank Group. The launched trade hub connects traders across Africa and serves as an exchange and information repository to respond to the evolving trading needs of SMEs.
(Africa Global Funds)
$129 million
Funding issued by African Development Bank to expand healthcare access in Morocco. The financing aims to improve access to primary and secondary healthcare infrastructure and modernise services by deploying innovative solutions that improve connectivity.
(Morocco World News)
1000
Electric motorcycles operating on Rwandan and Kenyan roads for commercial use sold by Kigali-based electric motorcycle startup Ampersand. This is more than any other electric motorcycle company in Africa, as the company plans to reach 3000 by the end of 2023.
(Africa Business Communities)
89 MW
Wind farm in South Africa set to begin construction after a financial close by African Infrastructure Investment Managers. The Castle Wind project will play a key role in reducing carbon emissions, mitigating climate change and providing energy security in South Africa.
(Afrik21)
5,500 MW
Additional renewable energy expected to be added to the grid in South Africa by 2026 to offset the electricity crisis. The country has 66,000 MW of wind and solar projects under development to help reduce the intensity of load shedding.
(Zawya)
123
Cities across Africa to be built should the deal between African Union and a unit of Singapore's Temasek go through. The $202 billion construction plan aims to meet the housing deficit in Africa and is expected to last for two decades.
(The Straits Times)
$107 million
Loan issued by the African Development Bank to Tanzania to drive sustainable recovery from the effects of Covid-19 and the Russian invasion on Ukraine. The budget support loan will have three components that will help enhance domestic resource mobilisation, strengthen the management of environment resources and improve livelihoods.
(Africa Market Trends)
$500 million
Financing promised for the Alliance for Green Infrastructure in Africa (AGIA) at the Summit for a New Global Financing Pact in Paris last week. The alliance will mobilise $100 million in grants for projects preparation and $400 million in blended financing for project development.
(The Sun)
500
Agribusinesses in the East Africa Community set to benefit from increased trade opportunities with the European Union under the MARKUP programme, which aims to promote access to the $2.4 billion EU market through training and other support.
(Monitor)
40%
Senegal's targeted renewable energy generation capacity by 2030, up from 31% currently. This week, the West African nation secured financing commitments of $2.7 billion from European countries to help achieve this goal as part of the Senegal Just Energy Transition Partnership (JETP).
(Reuters)
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