13 November 2026 – Daily Review of Infrastructure Financing and Investment in Africa
13 November 2026
The selection brings together three aspects of infrastructure development: cooperation between financiers, electricity access financing and preparation of subnational investments. Solar with storage in Tunisia, solar home systems in Uganda and a hybrid project in Zimbabwe illustrate different stages, from signed agreements to indicative terms. Water infrastructure in Tunisia’s oases also features in the announcements, with additional financing still to be specified.
Africa AfDB and AFD renew their cofinancing framework for 2026 to 2031
An Agence Française de Développement (AFD) statement published on 12 November confirmed the signing of a memorandum of understanding with the African Development Bank (AfDB) in Paris on 10 November. The partnership seeks earlier joint project preparation and assessment, including in energy, transport, water and digital infrastructure. It provides for cooperation on guarantees and blended finance, without announcing a new overall lending envelope.
Sources: AFD · The Guardian Nigeria
Tunisia EUR 50 million agreements support 50 MW of solar power and 20 MWh of storage at Beni Mhira
According to reports published on 12 November, Tunisia and the European Bank for Reconstruction and Development (EBRD) signed financing and guarantee agreements on 11 November for the Beni Mhira plant in Tataouine. The package comprises up to EUR 30 million from the EBRD and EUR 20 million from the Clean Technology Fund. Developed by the Tunisian Company of Electricity and Gas, the project combines 50 MW of solar generation, 20 MWh of storage and grid connection infrastructure.
Sources: Webmanagercenter · Managers
Uganda StarTimes seeks up to EUR 30 million from IFC for solar home systems
Shore Africa reported on 12 November a financing proposal disclosed by the International Finance Corporation (IFC) on 10 November for StarTimes’ solar home systems business in Uganda. The proposed financing of up to EUR 30 million would support assembly, working capital and distribution of systems sold on a pay-as-you-go basis. The programme targets around 1.8 million systems between 2027 and 2033; financing remains subject to approval.
Sources: Shore Africa · La Marina BJ
Africa Afreximbank presents a USD 2 billion facility for subnational projects
Reports published on 12 November describe the presentation in Calabar, Nigeria, of a USD 2 billion facility for states and other African subnational governments. According to an Afreximbank official, financing targets bankable projects supporting infrastructure, industrialisation and trade through the African Sub-Sovereign Governments Network. The amount represents announced financing capacity, rather than an allocation secured exclusively by Cross River State or funds already disbursed.
Sources: The Guardian Nigeria · Tribune Online
Zimbabwe Afreximbank issues indicative terms for the 228 MW Guruve Mazowe hybrid project
A Modaso Energy statement dated 10 November and reported on 12 November announced indicative terms for Afreximbank’s participation in financing the Guruve–Mazowe project, developed with Tatanga Energy. The project envisages 128 MW of wind, 100 MW of solar and a 50 MW/100 MWh battery, with financial close targeted for mid-2027. These terms are a preparatory step and do not confirm a signed loan or completed financing; commercial operation is targeted for 2029.
Sources: Africa Sustainability Matters · ZimAdvocate
Tunisia additional financing announced for water infrastructure in southern oases
Webmanagercenter, citing Tunis Afrique Presse on 12 November, reported an announcement of additional financing to be mobilised by the EBRD for an ongoing water infrastructure project in the southern oases. The announcement followed a meeting with the agriculture ministry on 11 November and aims to support sustainable water management, agricultural activity and the preservation of oasis ecosystems. The report specifies neither an amount nor the signing of a new financing agreement.
Sources: Webmanagercenter — TAP · La Tribune économique
Information notice
This press review is prepared for information purposes using publicly available sources. The information and opinions reported are those of the cited sources and do not necessarily reflect the views or position of the Secretariat of the Infrastructure Consortium for Africa (ICA) or its members. The selection of content and references to institutions, companies or projects do not constitute an endorsement or recommendation. This review does not claim to be exhaustive; readers are encouraged to consult the original sources before making decisions or using the information.