Alternative Energy

Gridworks reaches financial close for investment in SA C&I solar firm

Dec 3, 2019

Gridworks, the company set up in 2019 to develop and invest in Africa’s electricity networks, today announced the financial close of its investment in Mettle Solar Investments (Mettle). Mettle is a South African-based commercial and industrial (C&I) solar power company that provides energy solutions to business customers across Africa. Mettle will receive R106.7 million ($7.2…

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Jirogasy ups production and distribution of solar systems in Madagascar

Dec 3, 2019

The start-up Jirogasy has made a name for itself in Madagascar thanks to the solar solutions it offers in many communities and produces on site, particularly through the use of 3D printers. Based on its success, the young company intends to expand its activities in other countries through the creation of new plants on the…

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Tanzanian Minister urges switch to renewables

Dec 3, 2019

Minister of State in the Vice President’s Office, Mr George Simbachawene has urged the Tanzanians to quickly switch to modern renewable energy that conserves the environment and improve their livelihoods. Making the appeal in Dar es Salaam recently during Renewable Energy Technologies’ exhibitions, organized by Tanzania Renewable Energy Association (TAREA), he said: “I have seen…

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Govt of Flanders grants €1m to Africa Climate Change Fund

Dec 3, 2019

The Government of Flanders has committed 1 million euros to the Africa Climate Change Fund (ACCF) to support five projects in three African countries – Malawi, Mozambique and South Africa. In a statement, the African Development Bank (AfDB) noted that in Malawi, the project will contribute to the ‘demonstration of an innovative results-based finance model for adaptation…

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KFW finances solar, other projects in Tunisia

Dec 2, 2019

The Kreditanstalt für Wiederaufbau (KfW), the German development agency, recently granted €63.75 million to Tunisia. This amount is broken down into several loans to finance solar and water management projects. The Tunisian authorities have recently signed eight agreements with the Kreditanstalt für Wiederaufbau (KfW), the German development agency, to finance several projects in the country.…

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Lesotho Government launches construction project for Polihali dam

Dec 1, 2019

The Polihali Dam construction project has been initiated in Lesotho. It is part of Phase II of the Lesotho Highlands Water Supply Project. The Polihali Dam construction project is now on track. The launch of the project was the subject of a ceremony that brought together dignitaries from the Kingdom of Lesotho and representatives of…

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Ugandan electric bus set for launch in December

Nov 30, 2019

Uganda has moved closer to domestic vehicle manufacturing with the shipping in of a fully built unit and the assembling of a 90-seater bus by Kiira Motors Corporation in Nakasongola, 150 kilometres north of Kampala. According to officials at Kiira, technicians started building the Kayoola Electric Bus, which came as a semi-knocked down unit, on…

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Zimbabwe’s ZSE proposes green, social bonds

Nov 30, 2019

The Zimbabwe Stock Exchange (ZSE) has embarked on a stakeholder consultation for the introduction of Green and Social Bonds on the local bourse with a vision to raise funds for clean, sustainable projects, 263Chat Business can reveal. A Green Bond is a debt instrument in which a third party has certified that the proceeds will…

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NamPower to invest $68m to develop 2 wind energy projects

Nov 30, 2019

NamPower, the Namibian electricity utility company, plans to build two wind farms to boost its grid capacity. It has decided to invest N$1 billion, or nearly US$68 million. Two new wind farms will be built in Namibia. It is the objective of NamPower, the company that provides electricity service in this southern African country. The…

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MCM on course for Rukuru Power Plant, to reduce load-shedding in Malawi

Nov 29, 2019

Mchenga Coal Mines (MCM) , suppliers of coal products to the local industry, says its plans of establishing Rukuru Power Plant company is progressing well. Mchenga Coal Mine new Rukuru power plan will be reducing the likelihood of load-shedding. Tour of Mchenga Coal Mine by reporters Rukuru Power Company which is expected to produce 100…

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