Energy: Financial boost for 44-MW dam in Côte d’Ivoire

The Africa Finance Corporation (AFC) has approved a bridge loan facility of $170 million for the construction of the 44 MW Singrobo-Ahouaty hydropower projects in Côte d’Ivoire. The deal was concluded in mid-December, when a first disbursement was made for the project, in which the AFC has also invested equity. “As our first equity investment […]

Several Congolese military top commanders in administrative detention in wake of Brazzaville November stampede

Three top commanders of the Congo’s army have been detained in connection with the late November stampede in capital Brazzaville that killed dozens of youth during a recruitment of the Army. As many as 37 died on November 21 at Michel-Ornano Stadium in Brazzaville on the eve of a recruitment process by the Army. The […]

AfDB approves $20 million for solar off-grid projects in DRC

The African Development Bank (AfDB) has approved a $20 million grant to finance a solar off-grid electrification program in the Democratic Republic of Congo (DRC). According to Amadou Hott, AfDB Vice President in charge of Electricity, Energy, Climate Change and Green Growth, this innovative project will hopefully demonstrate the viability and interest of the private […]