First Independent Mena Newspaper
The European Union has announced a €545 million ($638 million) initiative to accelerate Africa’s transition to clean energy, aiming to expand electrification, modernize power grids, and improve access to renewable power across nine countries. Unveiled by European Commission President Ursula von der Leyen at the Global Citizen Festival in New York, the funding forms part […]
The European Union has granted Egypt €6 million (EGP 111.21 million) for the financing of two irrigation projects, Arab Finance reports, citing the Egyptian state. The funds allocated under the EU-Joint Rural Development Program, will be used to rehabilitate the irrigation infrastructure in Egypt’s Fayoum and Minya governorates according to the Egyptian government. The EU-Joint […]
In Nigeria, a $10 million line of credit from Renewable Energy Performance Platform (REPP) and Electrification Financing Initiative (ElectriFI) will help to boost the distribution of home solar kits. The credit line was secure by PAS Solar Limited, a British company operating in Africa’s most populous nation. With exclusive funding from the United Kingdom’s International […]
The Rural Electrification Agency of Uganda has received funds for the acquisition of supply and delivery of self-protected distribution transformers. Self-protecting distribution transformers incorporate a circuit-breaking safety system that shuts down the transformer in the event of an internal fault. The Rural Electrification Agency in a notice release earlier this week invites sealed bids […]
The government of Benin plans to electrify about 100 rural communities after securing $28 million loan from the ECOWAS investment and development bank (BIDC). The communities involved in the project will be connected to the national electricity grid through the establishment of high voltage transmission and distribution lines, the government said. The operation will cover […]
Morocco has comparative advantage in terms of sharing experience and expertise in Africa, notably in renewable energies, an area of excellence in the North African Kingdom, said the Financial Times. In an article by Siona Jenkins titled, Morocco Capitalises on Early Lead in Renewables, the British paper sheds light on the continental leadership of Morocco […]