West Africa | - Part 28

USTDA Promotes Solar Energy Development in Burkina Faso

LAGOS (Capital Markets in Africa) – The U.S. Trade and Development Agency awarded a grant to Société de Production d’Energie Solaire de Kodéni SAS today for a feasibility study for two 17 megawatt solar photovoltaic plants near the villages of Pá and Kodéni in Burkina Faso. The solar plants are being developed by BioTherm Energy, a South African renewable energy company. Burkina Faso has one of the least developed energy sectors in Sub-Saharan Africa. Less…

Solar Project in Mali Gets Loan From African Development Bank

Posted on by The Editorial Team

BAMAKO (Capital Markets in Africa) – The African Development Bank approved a concessional loan for a 33-megawatt solar project in southeast Mali that’s being built by Norwegian renewable energy company Scatec Solar ASA and U.S. development institutions International Finance Corp. and Power Africa. The Segou solar plant is expected to supply about 5 percent of the African country’s electricity, equivalent to 60,000 households, according to a statement on Scatec’s website. The partners have signed a 25-year power purchase agreement with…

Sahel Capital and CardinalStone Capital Invest in Crest Agro Products, Nigeria

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Sahel Capital, fund managers for the Fund for Agricultural Finance in Nigeria (“FAFIN”) and CardinalStone Capital Advisers (“CCA”), a Nigerian Private Equity Fund Manager, are pleased to announce that definitive agreements have been executed for an investment in Crest Agro Products Limited (“Crest Agro”), an integrated cassava processor based in Kogi State. Founded in 2013, Crest Agro was set up to harness opportunities in the cassava starch sub‐sector. The…

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