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ENEL Green Power has signed a US$40 million financing agreement with the Industrial Development Corporation (IDC) for the development of the 34 megawatts Ngonye solar power plant in the Lusaka [...]

Safaricom Staff Pension Fund is targeting investment opportunities in private equity (PE) firms as it seeks higher returns for its estimated 5,000 members. The scheme generated a 14.1 per cent [...]

Clean energy company AEP Energy Africa has entered into a purchase agreement with First Independent Power, in Kenya, and Global Power Generation Sociedad Anónima to acquire 100% of East African [...]

Ghana’s National Investment Bank Ltd. plans to sell its 24% stake in Nestle Ghana Ltd. to help increase the lender’s capital to meet new minimum requirements, the Daily Graphic reported. The [...]

Kampala-based drug maker CIPLA-Quality Chemicals Industries (CIPLA-QCI) plans to list on the Uganda Securities Exchange in the next four months, ending a six-year initial public offering drought [...]

Africa focused Private Equity (P.E) firm Abraaj’s imminent liquidation means its shareholding in eight Nigerian companies are hanging in the balance. These companies include Indorama Eleme [...]

The Russian nuclear energy corporation, Rosatom, has called on the Federal Government to consider off-grid technologies such as mini-hydro power stations as an effective solution to address [...]

It is since February 2018, assures the Minister of Energy, that the public water service is provided by the State, 3,000 homes have been connected to water and more than 160 leaks. water repaired [...]

Tanzania has licensed a subsidiary of Australia’s Windlab Ltd to build 300MW Miombo Hewani wind farm in the central part of the country. Windlab Developments Tanzania Ltd has obtained an [...]

Abraaj has filed for provisional liquidation in the Cayman Islands, seeking protection from the courts to promote a restructuring of its debt obligations. The embattled private-equity company is [...]

Criterion Africa Partners (CAP) has announced the first closing of the Africa Sustainable Forestry Fund II (ASFF II) with commitments of $81m toward its $150m target. The first close is comprised [...]

The Democratic Republic of Congo plans to start work this year on the frequently delayed Inga 3 hydropower project, after receiving a joint bid from two previously competing consortia of [...]

The private sector can play a pivotal role in relieving the impact of the drought, and US expertise can help, US consul general in Cape Town Virginia Blaser said on Tuesday. Blaser was speaking [...]

KONKOLA Copper Mines (KCM) has partnered with Afgri and Company Impact Agri to establish a commercial farm on an unused mine land with an initial investment of US$3.5 million. The project, which [...]