Magdaline Mwihaki

How is AFC Shaping Africa’s Renewable Energy Landscape?

The African continent harbors enormous potential for renewable energy development, with extensive expanses of sun-drenched land and reliable, strong winds.  However, realizing this potential necessitates substantial investment and a holistic approach. This is where the African Finance Corporation (AFC), a leading infrastructure solutions provider, comes in. With a multifaceted strategy, the AFC aims to make…

Read More

Can Dubai’s Equitane Lead Africa’s Green Manufacturing Revolution?

Dubai-based holding company, Equitane, has its sights set on becoming a key player in Africa’s industrial transformation.  Their ambitious plan focuses on establishing a leading position in both manufacturing and renewable energy across the continent.  This move not only represents a significant expansion for Equitane, but also holds the potential to significantly impact Africa’s economic…

Read More

How Banks Can Spearhead the Transition to Green Energy

The urgency of addressing climate change grows ever more pressing. As the world grapples with environmental degradation and rising temperatures, a critical shift is taking place within the financial sector.  Banks are emerging as powerful agents of change, playing a transformative role in driving the transition towards green energy solutions. The traditional banking landscape is…

Read More

Spiro’s Strategic Growth Boosted by $50 Million Afreximbank Loan

Spiro, a leading electric vehicle (EV) company in Africa, has received a significant boost in its mission to revolutionize sustainable transportation on the continent.  Afreximbank announced a $50 million debt financing agreement with Spiro, highlighting confidence in the company’s vision and growth potential. This financial backing marks a pivotal moment not only for Spiro but…

Read More

KenGen’s Strategic Move to Raise Masinga Dam for Better Water Management

Kenya’s Electricity Generation Company (KenGen) has ignited discussions with its plan, backed by the government, to raise the spillway of Masinga Dam by 1.5 meters.  The ambitious project treads a fine line between addressing the immediate threat of overflowing dams due to heavy rainfall and bolstering the country’s long-term hydropower generation capacity. Masinga Dam, the…

Read More

Valérie Levkov: The Engineer Redefining Global Energy

Valerie LEVKOV Director for Energy, Metals & Mining, and Sustainable Infrastructure Advisory, IFC Valérie Levkov’s career path has been anything but conventional. Starting out as a nuclear engineer at EDF in 1987, she navigated through various roles within the company, including research and development, IT technologies applied to power plants, and corporate finance.  However, it…

Read More

Kigali’s Shift to Small Electric Motorcycles

Kigali, the vibrant capital of Rwanda, is quietly revolutionizing its transportation network. The once-ubiquitous gasoline-powered moto-taxis is steadily being replaced by cleaner, quieter electric motorcycles.  While the initial drive for this shift was environmental, aimed at combating air pollution and climate change, the benefits are proving to be far-reaching. The switch to electric moto-taxis is…

Read More

Volkswagen Group Africa implements a 3 MW solar PV carport at its Kariega automobile plant

Volkswagen Group Africa has taken a significant step towards sustainability by installing a 3 MW solar PV carport at its Kariega car factory in South Africa.  This investment, which amounts to R55 million, is a testament to the company’s commitment to reducing its environmental impact and driving towards carbon neutrality. Volkswagen Group Africa’s Kariega factory,…

Read More