The World Bank has approved a US$50mn grant from the International Development Association (IDA) to improve access to electricity in Sierra Leone and enhance institutional capacity and commercial management of the sector
Energy
SunCulture receives US$11mn to expand solar irrigation
SunFunder, a fund manager and intermediary for solar energy investments in sub-Saharan Africa, has made the first disbursement from a new US$11mn syndicated debt facility to SunCulture, a solar irrigation company based in Nairobi, to expand its operations in sub-Saharan Africa
JCG commits US$13mn in Highview Power to help tackle renewable energy storage gap in Africa
Janus Continental Group (JCG), a conglomerate with businesses in the energy, hospitality and real estate sectors across three continents, has announced that it has invested US$13mn in Highview Enterprises Limited, the developer of liquid air long-duration energy storage systems, called the CRYOBattery
GE to power West Africa Energy’s 300MW combined-cycle power project
GE has secured an order to supply gas power generation equipment for West Africa Energy’s 300MW combined-cycle power project in Cap des Biches, Dakar, Senegal
Starsight invests in UPDC to open up solar potential in Nigeria
Starsight, a leading West African Commercial and Industrial (C&I) solar power provider, has announced that it has invested in UPDC Facility Management Limited (UPDC FM), a joint venture with UACN Property Development Company Plc (UPDC)