InfraCo Africa, a multi-government funded investment company, and its project partner, JCM Power (JCM), have reportedly reached plans to financially back the construction of the 20MWAC Golomoti Solar project in Malawi. Sources close to the matter state that, upon completion, the solar plant will fac
Category: Business
OMIG, Sturdee Energy jointly invest in 5MW solar PV plant in Namibia
The acquisition will accelerate the transition of Namibia’s energy supplies towards renewable energy South Africa’s investment management firm, Old Mutual Investment Group (Namibia) has acquired a majority share in a 5MW solar PV plant located in the Karas Region of Namibia. Through its
ENGIE takes over 100 MW Xina Solar One power plant in South Africa
French electric utility major, ENGIE SA has inked an agreement with energy company Abengoa to acquire a 40% stake in Xina Solar One, a 100MW solar plant in South Africa, and a 46% stake in the O&M (operations & maintenance) firm. The Xina Solar One plant powers more than 95,000 households in
Banking startup TymeBank raises $109M from UK & Philippines investors
South African banking startup, TymeBank, has reportedly announced that it has secured nearly R1.6 billion (~$109m) investment from new investors in Philippines and the UK. The firm announced this news through an official statement. This investment would be used to strengthen the growth of TymeBank a