We Must Take pride in our Oil and Gas Sector and Africa – Never Ever Give Up on Africa

Corporations do need to be held accountable on where they put their dollars By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org). I am just a little country boy and I don’t believe we have to be diplomatic about this stuff. I love the Oil and Gas industry and will always stand up for it even when it is unpopular to do so. I don’t care taking the heat for this industry and for the so many Africans that this […]

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African Development Bank invites business enablers to apply for funding to support women entrepreneurs

This May, the African Development Bank Group is launching a call for proposals for projects enhancing the viability and sustainability of women entrepreneurship enablers. Women’s business associations, incubators, accelerators, and cooperatives that advance women’s entrepreneurship, can apply for funding for innovative projects or programs to bolster the skills of small and medium enterprises (SMEs) owned and run by women across Africa, the Bank announced. Entrepreneurship enablers, which include business associations and civil society organizations, play an important role in empowering […]

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Invest Africa and DLA Piper partner to support ESG best practice in African renewable energy projects

The project will assemble experts from the worlds of impact investment, development finance and law The global law firm, DLA Piper, has partnered with Invest Africa (www.InvestAfrica.com), the leading trade and investment platform for African markets, to support the development of ESG best practice in African renewable energy projects. Clear Environmental, Social and Governance (ESG) targets and measurements have become an increasingly important part of fundraising as investors seek to align their portfolios with sustainable growth. For a continent boasting […]

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Orange leads solar panel deployment across Africa and the Middle East

To avoid using generators that run on fuel (fossil energy that emits CO2), Orange is putting in place several initiatives such as solar panels Orange (www.Orange.com) is accelerating its solar projects in Africa and the Middle East to reduce its carbon footprint to zero by 2040. Across the entire region, many sites are not connected to the electricity grid and when they are, the quality of the grid often requires alternative backup solutions. To avoid using generators that run on […]

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Energy Capital & Power, Kanflooens Partnership to Strengthen U.S. – Africa Energy Investment Opportunities

The partnership will help facilitate deals in the African and U.S. energy sectors, promoting investment and engagement U.S consulting firm Kanflooens is a strategic partner of Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) for the highly anticipated U.S. Africa Energy Forum (USAEF); With the first-ever USAEF event taking place both virtually and in-person in Washington D.C. on 12 July and in Houston for the main summit and gala dinner on 4-5 October 2021, the partnership will help facilitate deals in the […]

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One month until Extreme E’s Ocean X Prix in Senegal

Today marks one month until Extreme E’s second event – the Ocean X Prix – which will take place at Lac Rose in Dakar, Senegal on 29-30 May. Extreme E marks the return of off-road racing to one of its original roots, famous for the gruelling Paris-Dakar Rally which debuted in 1978 but which hasn’t finished in the Senegalese capital since 2007. Alejandro Agag, CEO and Founder of Extreme E, said: “So here we are, just one month until our […]

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NAS and Colossal Africa to Acquire South Africa’s Largest Ground Handler – BidAir Services

Following the acquisition, NAS will also focus on training to develop the knowledge and skills of local South African youth while offering more employment opportunities South Africa’s largest ground handling company, BidAir Services will be changing hands. National Aviation Services (NAS) (www.NAS.aero), Colossal Africa and a consortium comprised of the current executive management team have signed an agreement to acquire BidAir Services from the Bidvest Group. The closing of the acquisition is subject to fulfilling final requirements from the Airports Company […]

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The Mauritius Commercial Bank Ltd (MCB) provides USD 60m funding to fuel Senegal’s national electrification and LNG-use ambitions

The project finance facility is enabling Karpowership to operate its 235 MW Powership alongside the shores of Dakar since August 2019 MCB (www.MCB.mu) is facilitating Senegal’s endeavour to improve its national electrification rate through its USD 60 million participation in the syndicated project finance facility of USD 140 million to Karpowership. MCB was not only a co-mandated lead arranger but provided the highest loan commitment. The project finance facility is enabling Karpowership to operate its 235 MW Powership alongside the shores of […]

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