The African Development Bank’s Board of Directors has approved a $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa. The European Commission would contribute an additional €10 million. A statement explained that the Bank’s investment, which would come from its Sustainable Energy Fund for
The Sahara Group, an international energy and infrastructure conglomerate and the United Nations Development Programme (UNDP) are partnering to promote reliable access to affordable and sustainable energy, and to mainstream the Sustainable Development Goals (SDGs) in the private sector with a specific focus on SDG 7 (affordable energy). The partnership was formalized recently in New
United Energy Group, listed on the Hong Kong Stock Exchange, acquired Kuwait Energy, an independent oil and gas company, for about $650m, Shalakany Law Office, the deal’s legal advisor, announced recently. The deal was signed on 23 September 2018 and was successfully closed late March. Shalakany assisted United Energy as the sole buy side legal
The Bank of Industry and All On, a Nigerian off-grid energy investment company backed by Shell, have announced the establishment of a N1bn Niger Delta Off-Grid Energy Fund. They said the fund would provide local currency debt financing to facilitate the deployment of energy solutions by access-to-energy companies in the Niger Delta at 10 per
Energy Commercial Bank will today, Tuesday, 2 October 2018 launch its Initial Public Offer to raise GHS340 million in shares from the Ghanaian investing public. The offer period, which is expected to last for 30 days, will be graced by several investors who have shown interest in acquiring shares in the bank. The bank is
Eighty-Five local companies intend to enforce the services of the solar energy feed-in tariff projects in Benban Aswan after the registration of their data and getting approvals to work in the projects by Hassan Allam Company, which is responsible for managing services at the projects’ location. According to Hossam Allam, the CEO of Hassan Allam
Oriental Energy Resources Limited has launched a N700 million modern residential estate of 100 units in Enwang, headquarters of Mbo Local Government Area of Akwa Ibom state. The estate named Oriental Village Mbo when completed will have a solar-powered electrification system, a school, clinic, a shopping centre and will be given freely to beneficiaries. The
