International Finance Corporation (IFC), part of the World Bank Group, announces a major US$60mn investment at the Africa Energy Forum. IFC Chief Investment Officer Jamie Fegusson discusses the deal as well as the World Bank Group's Scaling Solar initiative.
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The transaction will give TotalEnergies an interest in hydropower projects in Uganda, Rwanda and Malawi. (Image source: Adobe Stock)
The project carries an estimated total cost of US$12bn. (Image source: The Republic of Ghana Presidency)
The initiative was unveiled at a meeting at the UIA head office. (Image source: UIA)
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