News Update - January 2024: Part 1

Benin - Mionwa receives $886,816 USD in grant funding from SEforALL
The funding comes from Universal Energy Facility (UEF), a multi-donor results-based financing facility, managed by Sustainable Energy for All. More

Burkina Faso - Government and Energie Plus agree on 50 MW solar project
Both parties sealed an agreement for the construction of a 50-megawatt peak (50 MWp) solar power plant in the commune of Komsilga, Burkina Faso. More

Mali - EDFI ElectriFi announces 2nd disbursement to FinEu Ellen
The Electrification Financing Initiative has announced the second disbursement of a $4.4M USD loan to FinEu Ellen. More

Nigeria - Government commissioned a 300 KWp solar PV pilot project in Niger State
The main concessionaire are Mainstream Energy Solution and its Chinese partner, HEDC. More

Nigeria - Sterling Bank unveils solar powered headquarter
Providing a 995kWp power supply to meet the building’s operational needs. More

South Africa - DBSA approves $437M USD investment
Development Bank of Southern Africa (DBSA) announces the approval of $437M USD development investments in the EGIP, including solar. More

Zambia - EAIF anchors Zambia’s First Green Bond with investment
The Emerging Africa Infrastructure Fund (EAIF) has committed to de facto underwrite US$50m of Zambia’s first $53.5M USD CEC’s green bond. More

Zambia - Affirma Capital, Norfund and KLP invest $145M in CEC
The investment is done in Zambian independent power producer and transmission company Copperbelt Energy Corporation (CEC). More

IFC finances $80M USD to bring clean energy to businesses
IFC provides the funding to the Facility for Energy Inclusion (FEI). The aim is to finance the production of renewable energy for C&I customers. More