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Global Security at Stake in Mali’s Islamist War, President Says

BAMAKO (Capital Markets in Africa) – Malian President Ibrahim Boubacar Keita said his country’s six-year fight against Islamist militants should be a global concern as the West African nation faces the fallout from the offensives against insurgents in Iraq and Libya. “What’s happening in Mali doesn’t only concern us here, but the global community,” Keita, 73, said in an interview in the capital, Bamako. “With the advances in the fight against the Islamic State in Syria and…

Mali Opposition Vows More Protests After Clashing With Police

Posted on by The Editorial Team

BAMAKO (Capital Markets in Africa) – Mali’s main opposition alliance said it will continue with protests to demand peaceful and transparent elections next month after police fired teargas to disperse a rally this weekend in the capital, Bamako. At least 16 people including protesters and security staff were hurt on Saturday as opposition supporters rallied at the office of the Alliance for Democracy and Progress coalition. They were demanding better coverage of their campaigning on state…

Emerging Africa Infrastructure Fund leads and closes financing of €78 million 50MW in Akuo Energy’s solar plant in Mali

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BAMAKO (Capital Markets in Africa) – The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group (PIDG), and Akuo Energy, the leading French green IPP, today announce the signing of financing of the Akuo Kita Solar power plant, to be built at Kita in southern Mali. It will be the first photovoltaic power station in Mali owned and run by a private sector independent power producer. Two other PIDG companies,…

Dreams of Europe Life Spur Perilous Journey From West Africa

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LAGOS (Capital Markets in Africa) – Kadi Bah saw people starving in the Sahara desert and drowning in the Mediterranean during her failed six-month odyssey to reach Europe. But as soon as the United Nations plane bringing her back home from Libya to Ivory Coast touched down, she was hatching plans to try again. “I’ll be so proud of myself if I can make it to Europe; I’ll tell everybody I managed to leave,” the…

Increase in Mali Attacks Shows Need for Regional Force, UN Says

Posted on by The Editorial Team

BAMAKO (Capital Markets in Africa) – Insecurity is spreading in Mali and across its borders as the number of militant attacks rose and new armed groups emerged over the past year, underscoring the need for military cooperation in West Africa, according to the United Nations Secretary General. Violent extremists carried out 201 attacks against the Malian security forces, UN peacekeepers and French troops since June last year, compared to 165 assaults in the previous 12…

Infrastructure | AIIM acquires 44% stake in Mali Energy Farm

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BAMAKO (Capital Markets in Africa) – African Infrastructure Investment Managers (AIIM), the continent’s most experienced equity investor in African infrastructure, through its AIIF3 fund, has acquired a 44% stake in Albatros Energy Mali. Albatros Energy Mali will build, own, operate and transfer a 90 megawatt (MW) thermal power station in Kayes, western Mali and it will be the West African nation’s first independent power project (IPP) to feed into the national grid. Jurie Swart, AIIM’s…

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…

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