Infrastructure |

Africa Finance Corporation initiates $900m power project in Ghana

Africa Finance Corporation (AFC), last week, effected the ground-breaking of the $900 million Kpone Independent Power Project (Kpone IPP) in Ghana, implemented by the Cenpower Generation Company Limited. AFC is the lead project developer, mandated lead arranger and largest equity investor in Kpone IPP, which reached financial close in December 2014. The ceremony was attended by Ghanaian Vice President KwesiAmissah-Arthur, Minister of Power Dr. KwabenaDonkor, and Robert Dwamena, Managing Director of the Electricity Company of…

Boosting Solar Energy Capacity in Africa

Posted on by The Editorial Team

Sub-Saharan Africa is rich in energy resources but its potential remains mostly untapped. Despite the abundance of sunlight, solar projects have been developed slowly and often inefficiently.Weak competition and high transaction costs are some of the obstacles that hamper the progress of the technology.In a continent where most people live without electricity, expanding the supply of energy has become an imperative that cannot be delayed. To meet projected demand, Africa needs to increase its power-generation…

Kenya: Devolution and Infrastructure Boost Growth and Shared Prosperity

Posted on by The Editorial Team

Devolution and increased investment in infrastructure are improving Kenya’s prospects for growth and shared prosperity, says a new World Bank Group report released today.The Kenya Public Expenditure Review (PER) for December 2014, Decision Time: Spend More or Spend Smart, says the country is making progress in the right direction, despite emerging fiscal pressure. It identifies the transformative impact of devolution and increased investment in infrastructure as key factors contributing to broad-based growth.Kenya’s economy has recovered from the…

SEFA supports 72MW Solar PV power project in Cameroon

Posted on by The Editorial Team

The Sustainable Energy Fund for Africa (SEFA) approved at the end of 2014 a USD 777,000 preparation grant for JCM Greenquest Solar Corporation to support the development of a 72 MW Solar Photovoltaic (PV) power plant as the first renewable energy Independent Power Producer (IPP) in Cameroon. The SEFA grant will finance environmental and social impact assessments and the cost related to the technical, legal and financial advisory services. Despite Cameroon’s abundant resource potential and…

« 1 … 9 10 11