Renewable Energy Becomes Top Unlisted Investment Choice in …
1 day ago · In 2023, renewable energy attracted 37% of unlisted investments in Africa, marking a significant shift. This sector now outpaces financial services, which have long been the dominant choice, according to the latest report from the European Investment Bank (EIB) released on November 7. This change highlights a major turning point, with capital ...
Nigeria Invites South African Investors to Invest in Its Mining Sector
1 day ago · Nigeria Invites South African Investors to Invest in Its Mining Sector. Tuesday, 12 November 2024 14:30. (Ecofin Agency) - Valued at $700 billion, Nigeria's mineral resources include iron, lithium, gold, and coal. To tap into this potential, the country launched several reforms in its mining sector, which currently contributes less than 1% to GDP.
EAAIF, FMO, and DEG grant 84 million euros to AXIAN Energy for …
1 day ago · The Emerging Africa & Asia Infrastructure Fund (EAAIF) and the Dutch entrepreneurial development bank (FMO) acting as Co-Mandated Lead Arrangers, alongside Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), have announced today a EUR 84 million investment in two photovoltaic solar plants with battery storage systems operated by AXIAN Energy in the...
Homepage - Ecofin Agency
EcofinAgency. ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining ...
U.S. Provides $150 Million Loan for Africa's Largest Graphite Mine
Oct 31, 2024 · In September 2023, the United States announced a $150 million loan to Australia’s Syrah Resources, which operates Africa's largest graphite mine in Mozambique. The loan was contingent on meeting certain conditions, which have now been fulfilled. Syrah Resources confirmed yesterday, Oct.30, a $150 million binding loan agreement with the U.S.-based...
70% of Sub-Saharan Africans Prefer Local Food Brands (report)
5 days ago · About 70% of consumers in Sub-Saharan Africa prefer local food brands over international ones due to their better quality and affordable prices, according to a report released on October 9, 2024, by Boston Consulting Group and the Mastercard Foundation. Titled “Transforming Africa’s Food Systems: How Food Brands Can Lead the Way,” the ...
Economic information from Africa - Ecofin Agency
Feb 19, 2019 · Tunisia: Cinema as a tool for fight against corruption. L’agence Ecofin est une agence d’information économique africaine, créée en décembre 2010, basée à Yaoundé et à Genève. Elle rassemble une équipe de journalistes et d’experts, spécialisés dans les principaux secteurs africains de l’économie.
Africa Secures Record $52bn in Climate Funding in 2022, Report …
Oct 24, 2024 · Titled "Landscape of Climate Finance in Africa 2024," the report highlights that the continent received $52.1 billion in climate financing in 2022, sharply up from $35.2 billion in 2021 and $30.4 billion in 2020. Much of this rise is attributed to the revival of various projects that had been put on hold due to COVID-19.
COP28: African countries sign on to join pioneering global battery ...
Dec 4, 2023 · Several African countries have formally expressed interest to join the groundbreaking Battery Energy Storage Systems (BESS) Consortium, launched Saturday during COP28, which could revolutionise Africa’s energy landscape by developing advanced energy storage solutions through collaboration and innovation. Joining the BESS Consortium, a multistakeholder partnership initiative of the Global ...
Africa urges a spotlight on climate finance as the world heads to …
Nov 29, 2023 · The African Development Bank will mobilize financing for climate action at this year’s UN Climate Change Conference, COP28, and amplify Africa’s calls for robust commitments by wealthy countries to meet the continent’s urgent needs in addressing climate change. The Bank Group, led by its President, Dr Akinwumi Adesina, will launch...