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G20 presidency

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,…

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afsia

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…

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IFC

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…

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Bluewater

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…

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renewable energy

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…

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Africa50

New $500 Million Africa50 Fund to Accelerate Renewable Energy and Green Infrastructure Projects

Africa50, a pan-African infrastructure investment platform, is launching a substantial $500 million fund aimed at bolstering off-grid power and green infrastructure projects across the African continent. This initiative arrives as regional governments increasingly prioritize the expansion of electricity access and the mitigation of climate change impacts. The fund seeks to address the significant energy gap…

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juwi

JUWI Invests ZAR 6 Billion to Power South Africa’s Industries with Solar Energy

JUWI Renewable Energies is making a major investment in South Africa’s renewable energy sector, committing ZAR 6 billion (approximately US$320 million) to develop three solar power projects with a total capacity of 340 MW. These projects, set for construction by 2025, will provide clean, reliable energy to major industrial players, including Teraco, Sasol, Air Liquide,…

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MISSION 300

Mission 300 Pushes $50 Billion Energy Plan That Will Change Life for Millions in Africa

At the recent Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, thirty African heads of state made a major commitment to transform the continent’s energy sector. Their goal is to provide reliable, affordable, and sustainable electricity to millions who currently live without it. The Dar es Salaam Energy Declaration marks a significant step…

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Schneider Electric

Schneider Electric Report Highlights Consumer Energy Efficiency Challenges

A recent Schneider Electric survey sheds light on the disconnect between consumers’ sustainability goals and their actual energy-saving practices. While a significant majority—70%—recognizes the importance of reducing their carbon footprint, most homeowners still rely on ineffective methods, such as switching off lights (58%) or unplugging chargers (48%), despite their minimal impact on total energy costs….

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