Standard Bank Group, Africa’s biggest bank by assets, has raised its sustainable finance targets by 80% to R450 billion in the next three years. This move is part of the …
RENEWABLE ENERGY
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AfricaBusinessEnergyFinance & Services
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BusinessEnergyGOVERNMENTSouth AfricaSouthern Africa
South Africans Grapple with Escalating Electricity Tariffs Amid Economic Strain
In a move that has intensified the financial strain on many households, South Africa is set to implement a 12.7% increase in electricity tariffs effective April 1, 2025—a date dubbed …
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Business InsightsBusiness PoliciesEnergyEnvironment
Oil Majors Reinvest in Fossil Fuels Amidst Energy Transition Challenges
Global oil giants are recalibrating their strategies, channeling investments back into fossil fuels despite earlier commitments to transition toward cleaner energy sources. This shift is driven by financial imperatives and …
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Africa’s transition to a green economy is projected to generate substantial employment opportunities across the continent by 2030. A report by FSD Africa and Shortlist forecasts the creation of up …
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AfricaAFRICA NEWSEconomyEnergyEnvironmentNigeriaWestern Africa
Nigeria Firms Launch $500m Fund to Boost Renewable Energy Projects
In a bold move to tackle the nation’s persistent power woes and reduce dependence on fossil fuels, a coalition of Nigerian firms has unveiled a massive $500 million fund targeted …
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The Electricity Sector Association of Kenya (ESAK) is banking on new measures to ensure the country achieves a 100 per cent renewable energy transition by 2030. This comes ahead of …
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AfricaAFRICA NEWSBusinessEconomyEnergyGhanaWestern Africa
Ghana to leverage lithium discovery to manufacture solar batteries
The Ghanaian government intends to leverage the current discovery of lithium in parts of the country for the manufacturing of solar batteries. This is in line with the National Energy …
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AfricaAFRICA NEWSBusinessEconomyEnergyNewsSouth AfricaSouthern Africa
South Africa signs R11bn wind energy deals to tackle energy crisis
The South African government on Thursday signed three renewable energy deals worth R11 billion with independent producers to supply wind energy amid worsening blackouts in the country. The three agreements …
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AfricaAFRICA NEWSEconomyEnergyNewsSouth AfricaSouthern Africa
South African government turns to wind amid energy crisis
The South African government has increased the wind energy allocation for Renewable Energy Independent Power Producer Procurement Programme bid window six to 3.2GW due to the urgent need for increased capacity …
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AfricaAFRICA NEWSBusinessEconomyEnergyNewsNigeriaWestern Africa
World Bank, US commit $3bn to Nigeria’s energy transition plan
The World Bank and the US Export-Import Bank (EximBank) say they will commit over $3 billion to the implementation of Nigeria’s energy transition plan. The international organisations made the commitment …