ATIDI Backs Ethiopia’s $373M Clean Energy Boom, What It Means for Investors
Ethiopia has taken a big step forward in growing its…
ATIDI Backs Ethiopia’s $373M Clean Energy Boom, What It Means for Investors
Ethiopia has taken a big step forward in growing its renewable energy sector by signing an agreement with the African Trade Insurance Agency (ATIDI). This deal is meant to attract more foreign investment into Ethiopia’s clean energy projects by giving financial security to developers through ATIDI’s Regional Liquidity Support Facility (RLSF). The RLSF helps ensure…
South Africa Just Launched a Hydrogen Atlas, here is how it Could Change the Energy landscape
South Africa is taking a big step toward clean energy with the launch of its Green Hydrogen Potential Atlas. This project, led by the Department of Forestry, Fisheries and the Environment (DFFE) in partnership with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the Council for Scientific and Industrial Research (CSIR), and GFA Consulting Group, aims to…
Fossil Fuels Are Costing You More Than You Think Here’s What to Do Instead
Imagine relying on energy sources that harm the environment and are becoming more expensive. Traditional fossil fuels not only pollute our air and water but also contribute to climate change, leading to extreme weather events and health issues. As these resources dwindle, their costs rise, impacting household budgets and national economies. Continuing down this path…
How South Africa is Harnessing the Power of the Sun and Wind for a Better Future
South Africa’s renewable energy sector is growing fast and is expected to expand by almost 50% in the next 10 years. The country is changing how it produces and uses electricity, mainly because demand is rising and there is a push to cut pollution. South Africa plans to get 42% of its electricity from renewable…
Why President Ruto Urges Africa to Speed Up the Renewable Energy Transition
President William Ruto has urged African countries to speed up the shift to renewable energy, saying clean energy has the power to transform the continent’s future. Speaking at the African Union headquarters in Addis Ababa during a meeting of the Committee of African Heads of State and Government on Climate Change (CAHOSCC), Ruto said moving…
G20 Presidency Lands in Africa for the First Time Will South Africa Secure Fairer Energy Deals?
South Africa took over the G20 presidency on December 1, 2024, marking a historic first as the summit is set to be hosted on African soil in November 2025. Under the theme “Fostering Solidarity, Equality, and Sustainable Development,” South Africa aims to tackle global challenges while prioritizing Africa’s development. However, this ambitious goal faces obstacles,…
Solar Alone Won’t Power Africa, Here’s How AFSIA Says Storage Will Help
As African nations aim to address energy deficits and shift towards cleaner energy sources, a growing trend is emerging: combining solar power with energy storage systems. This approach is gaining momentum due to the decreasing cost of battery technology and an increasing understanding of the benefits of energy storage. From pioneering initiatives in South Africa…
How IFC and SIMA’s Solar Bond is Slashing Energy Costs and Boosting SME Growth in Africa
The International Finance Corporation (IFC), a member of the World Bank Group, and Social Investment Managers and Advisors LLC (SIMA) have launched a $150 million solar green bond to expand rooftop solar energy across Africa. With backing from Finland, the Global Energy Alliance for People and Planet (GEAPP), and other lenders, the initiative aims to…
How Bluewater Transformed Apex Into a Top Oil Producer Before Its Sale
Bluewater, a specialist energy private equity firm, has announced the sale of Apex International Energy to United Energy Group Limited, a Hong Kong-based integrated energy company. This deal underscores the potential of strategic investment in Africa’s energy sector and marks the culmination of a successful partnership that transformed Apex from a small player into one…
How High Financing Costs Are Slowing Kenya and Senegal’s Renewable Energy Growth
Kenya and Senegal are leading Africa’s shift to renewable energy, with ambitious goals and strong interest from investors. But high financing costs are threatening to slow their progress. Despite having plenty of renewable energy resources and rising demand for electricity, expensive financing is holding back development and could stop the growth of clean energy in…
