#Africa50

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ISA Africa Solar Facility: $200 Million Solar Projects Boost for Africa​

Introduction

The International Solar Alliance (ISA) has launched a new and major initiative called the ISA Africa Solar Facility. This facility has been launched to promote clean energy in Africa. ISA has partnered with Africa50 to promote solar energy in different regions of Africa. This is a $200 million investment initiative that aims to advance distributed solar projects in Africa to improve energy access and support sustainable development.

Importance of ISA and Africa50 Partnership

ISA has begun exclusive talks with Africa50 to guarantee the proper execution of the ISA Africa Solar Facility. A reputable platform for infrastructure investments, Africa50, may take on the role of investment manager for the project moving forward. Africa50 was selected to function as the investment manager after ISA’s Expression of Interest (EOI) process, which sought out businesses qualified to act as ASF’s investment manager, was made public. The most advantageous aspects of this partnership are the public sector’s reach and resources paired with the private sector’s talents and investment-ready agility.

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Dans les archives Afrimag.... La plateforme panafricaine d'investissement dans les infrastructures "Africa 50", a annoncé, mercredi 5 octobre, la conclusion d'un accord d'investissement dans la Holding Générale d'Education (Holged), groupe d'enseignement privé au Maroc et en Tunisie. "Africa50, la plateforme panafricaine d'investissement dans les infrastructures, a conclu un accord d'investissement dans le groupe Holged, sous réserve de l'approbation du Conseil de la Concurrence du

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L'Africa Investment Forum accueille le président de Rugby Afrique pour discuter de l’économie du sport

Le nouveau président de Rugby Afrique, l’organe directeur continental du rugby en Afrique, M. Herbert Mensah, interviendra au cours du Africa Investment Forum 2023 (AIF) pour discuter de l’économie du sport, le jeudi 9 novembre à Marrakech, au Maroc.  Porté par la Banque Africaine de Développement et sept autres partenaires fondateurs (Africa50, Africa Finance Corporation, Afreximbank,…

[hardynwa]

AfDB approves $20m equity investment to boost infrastructure

The Board of Directors of the African Development Bank Group has approved an equity investment of $20 million to mobilise private capital for infrastructure development across the continent. The bank, in a statement on its website, said that the fund was part of Africa50 Infrastructure Acceleration Fund 1. The Africa50 Infrastructure Acceleration Fund I is a pan-African infrastructure private equity fund that is mobilising up to $500 million for investment. The fund is also meant to ensure value creation in strategic infrastructure sectors which include power, energy, digital and social infrastructure, transportation, logistics, and water and sanitation. The fund is sponsored by Africa50, an infrastructure investment platform established by governments and the bank. In the statement, it reads, “Africa50 brings infrastructure project development and financing under one umbrella. It has a strong track record of investments in the private sector and of projects undertaken under the Public-Private-Partnership framework. “The mobilisation of private capital is critical to closing the infrastructure financing gap in Africa. “This is especially given the limited fiscal space of African governments which currently provide the largest source of infrastructure funding in Africa. “The fund was established as a vehicle to help execute Africa50’s mandate of mobilising private capital and accelerating further investment flows into African infrastructure by targeting private and institutional investors.’ The AfDB’s Director for the Industrial and Trade Development Department, Abdu Mukhtar, said the Bank’s investment in the Fund underlined its strategic nature. Mukhtar said this shows that the Bank prioritises investing in strategic infrastructure sectors that contribute to closing Africa’s infrastructure financing gap (estimated at US$ 68 billion to US$ 108 billion annually). The AfDB’s Director for Energy Financial Solutions, Policy and Regulations, Wale Shonibare, said the Bank’s support for the Africa50 Infrastructure Acceleration Fund I aligned with its High Five objectives. “It also strengthens the Bank’s already existing partnerships with the Africa50 Group on initiatives such as the African Sovereign Investors Forum and the Alliance for Green Infrastructure in Africa,” Shonibare added. The Chief Executive Officer of the Africa50 Group, Alain Ebobissé, stated, “We are highly appreciative of the AfDB’s support for the Africa50 Infrastructure Acceleration Fund I. “We look forward to continuing to work collaboratively with the African Development Bank and other investors to make a meaningful contribution to improving the infrastructure landscape on the continent. “By leveraging private capital for infrastructure investment, the Africa50 Infrastructure Acceleration Fund I can help create jobs, strengthen healthcare access, and improve education access through digital technologies. “It will enhance access to financial services and financial inclusion through fintech investments, and reduce the impact of climate change.’’ According to the chief executive, the fund is projected to create 3,278 full-time equivalent jobs over the period 2023-2035, including 1,676 jobs for women. He said the fund was expected to contribute to fostering regional integration through improvements in transport and logistics infrastructure that can lead to increased inter- and intra-regional trade. The AfDB and partners in the new fund will continue to provide growth capital and infrastructure equity to support the urgent need towards accelerating private sector funding and bridge the infrastructure financing gap in the continent. Read the full article

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Africa50 Innovate Challenge.

Africa50 has set up a form of competition known as the Innovate Challenge 2020 and have commenced receiving applications from developers, ICT experts, engineers and innovators.

Africa50’s Innovation Challenge provides you with an unparalleled opportunity to get your solution in front of an investment team and project funding partners, as well as gain exposure in Africa’s leading tech events.…

[fufusocialclub]

Government, Africa50 to establish firm to develop Kigali Innovation City project

Government, #Africa50 to establish firm to develop #Kigali Innovation City project

The multi-million dollar complex that is home to Carnegie Mellon University Africa Campus was built at the Kigali Innovation City

The Government of Rwanda and Africa50, a pan-African infrastructure investment firm will set up a joint venture company that will be involved in developing, financing, constructing and operating commercial components of the Kigali Innovation City.

Africa50 is a…

[eplanetnews-blog]

Kenya has finally increased its shares in Africa50

Kenya has finally increased its shares in Africa50

Kenya has finally increased its shares in Africa50: Kenya has resolved to increase by 50 per cent, its shareholding in Africa50, a continental initiative for funding infrastructure development.

    President Uhuru Kenyatta of Kenya said the country’s shares has been increased to $100 million.

Kenya, which initially had a share capital of $50 million, is one of the founder investors in the venture…

[afrimag]

Dans les archives Afrimag.... Africa50, la plateforme panafricaine d'investissement dans les infrastructures, tient son Assemblée générale des actionnaires (GSM) 2022 à Marrakech, au Maroc, du 19 au 20 juillet 2022. L'événement devrait être ouvert par S.E Aziz Akhannouch, chef du gouvernement du Royaume  du Maroc.  Le Dr Akinwumi Adesina, président de la Banque africaine de développement et président du conseil d'administration d'Africa50, prononcera un discours liminaire sur le

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Kenyan low-cost ISP Poa Internet secures $28 million in round led by AfDB-backed Africa50, plans to link region with cheap, limit-free connectivity

Kenyan low-cost ISP Poa Internet secures $28 million in round led by AfDB-backed Africa50, plans to link region with cheap, limit-free connectivity

In 2020, Africa50, an infrastructure financier backed by the Africa Development Bank (AfDB) Group and a good number of African governments, hosted an innovation challenge that sought affordable and reliable solutions for last-mile internet connectivity across the continent. A proposal by Poa Internet, a Kenyan startup beat 673 others from across the world as a result of which it was added to…

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PAIX Data Centres obtient un investissement de série B de 20 millions de dollars US auprès d’Africa50 pour l’expansion de son réseau panafricain de centres de données

PAIX Data Centres obtient un investissement de série B de 20 millions de dollars US auprès d’Africa50 pour l’expansion de son réseau panafricain de centres de données

PAIX Data Centres a annoncé aujourd’hui la réalisation d’une prise de participation d’Africa50 de 20 millions USD dans PAIX Data Centres (PAIX). Ce financement constitue la première tranche de l’investissement de série B réalisé par Africa50 dans PAIX, qui sera consacré à l’expansion de la capacité des centres de données de la société et à ses plans de croissance dans de nouveaux marchés…

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Kenyan low-cost ISP Poa Internet secures $28 million in round led by AfDB-backed Africa50, plans to link region with cheap, limit-free connectivity

Kenyan low-cost ISP Poa Internet secures $28 million in round led by AfDB-backed Africa50, plans to link region with cheap, limit-free connectivity

In 2020, Africa50, an infrastructure financier backed by the Africa Development Bank (AfDB) Group and a good number of African governments, hosted an innovation challenge that sought affordable and reliable solutions for last-mile internet connectivity across the continent. A proposal by Poa Internet, a Kenyan startup beat 673 others from across the world as a result of which it was added to…

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Tana Forum Annual University Essay Competition.

Tana Forum Annual University Essay Competition.

The Tana Forum is set to organize an all African Annual University Essay Competition 2020 and applications has begun to roll in from citizens in African countries and likewise from those in Diaspora.

The Tana Forumis an annual meeting that brings together African leaders and stakeholders to engage and explore African-led security solutions. The Forum strives to provide a platform for young…

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June 22 Green Energy News

Headline News:

“Santa Monica To Pilot Zero Emissions Delivery Zones” • The Los Angeles Cleantech Incubator chose Santa Monica’s main business district for the pilot for the Los Angeles Cleantech Incubator’s new Neighborhood Zero Emissions Delivery Zone. LACI and Santa Monica are interested in assessing a broad range of technologies. [CleanTechnica]

Los Angeles traffic (Jeff Turner | flickr, CC BY 2.0)

“Your Home Battery Can Be Part Of A Virtual Power Plant In California” • With solar power and batteries your house stays alive with power, even if the grid goes down, but there are other advantages of such systems. Sunrun and Southern California Edison are partnering to create one of the country’s largest virtual power plants. [CleanTechnica]

“Africa50 Joins Investors To Power The World’s Largest Solar Park” • Thirty international infrastructure developers are to invest in Egypt’s 1.5-GW Benban solar park, which will be the largest in the world upon completion. The 37-square-kilometer solar park will have over seven million PV panels, with funding of $4 billion. [ESI Africa]

“Dutch Do Danish Deal To Hit Clean Power Target” • The Netherlands agreed to pay Denmark €100 million as part of a deal to allow the Dutch government to declare at least 8 TWh of Danish surplus renewable power on its books, in an effort to meet its EU target. The Netherlands is one of the worst countries for hitting benchmarks for 2020. [EURACTIV]

“Europe’s Thinking Shifts On Supporting Renewables As Part Of Green Recovery Package” • The EU’s plans for a €1.85 trillion ($2.08 trillion) coronavirus recovery package may not support big renewable energy projects in the way that was expected. The possibility of a 15-GW EU renewable tender has not survived pushback by vested interests. [Greentech Media]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

June 22 Green Energy News posted first on Green Energy Times

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Enter Africa50's US$300,000 Grant to Africa Centres for Disease Control and Prevention to Fight Coronavirus…

Enter Africa50’s US$300,000 Grant to Africa Centres for Disease Control and Prevention to Fight Coronavirus…

Africa50 has announced a grant of US$300,000 to the Africa Centres for Disease Control and Prevention (Africa CDC) to support response to the Coronavirus (COVID-19) pandemic in the continent.

The grant would be used specifically for the purchase of test kits and other medical equipment and to mobilise frontline responders, as highlighted in the Africa Joint Continental Strategy for COVID-19.