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.

South Africa AfDB approves USD 503.75 million for electricity freight and water reforms

In a statement dated 11 November, the African Development Bank (AfDB) announced approval of a USD 503.75 million loan for the Infrastructure Governance Reform Program. This budget support backs electricity-market opening, private participation in rail and ports, and the regulation of municipal water suppliers. It finances sector reforms rather than exclusively funding the construction of a new asset; approval does not confirm disbursement.

Sources: African Development Bank

Mauritania EUR 41 million in French financing to improve drinking water in Nouakchott and Nouadhibou

The Mauritanian Information Agency reported the signing of financing agreements with France and the French Development Agency in Nouakchott on 11 November, for an announced amount of EUR 41 million. The project provides for the rehabilitation and creation of 150,000 household connections, with around 1.6 million people expected to benefit. It also aims to reduce technical and commercial losses, improve the networks’ climate resilience and strengthen the capacity of the national water utility, Société nationale de l’eau.

Sources: Mauritanian Information Agency · Sahara Media · Madar

Niger Kandadji partners agree a restart framework with USD 561 million still to be mobilised

Following a round table held in Niamey on 11 November, the government and partners in the Kandadji dam programme adopted a joint declaration on restarting and completing it. According to the Niger Press Agency, partners expressed willingness to contribute towards an estimated USD 561 million funding gap, without announcing that this amount had already been secured. The declaration provides for finalising conditions for restarting work, population resettlement and high-level reviews every two months.

Sources: Niger Press Agency · Madar

Eswatini Senate passes a USD 60 million loan bill for Mkhondvo Ngwavuma irrigation infrastructure

Eswatini Observer reported on 11 November that the Senate had adopted three finance bills, including one for a USD 60 million loan from the Arab Bank for Economic Development in Africa. The financing is intended for infield irrigation infrastructure under the first phase of the Mkhondvo–Ngwavuma programme, which includes Mpakeni Dam, canals and smaller dams. The reported step is parliamentary; it does not establish that the loan has been disbursed or the infrastructure completed.

Sources: Eswatini Observer

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.

Nigeria FSD Africa and pension funds prepare an infrastructure fund targeting USD 750 million

In a statement published on 10 November and datelined Lagos, 9 November, FSD Africa confirmed an agreement with Nigeria’s Pension Industry Leadership Council to develop a fund for energy, transport and digital infrastructure. The platform targets a first close of USD 350 million in 2027 and ultimately USD 750 million, including around USD 600 million from pension funds and at least USD 150 million from development finance institutions. Nineteen funds have expressed interest; these targets do not represent confirmed capital commitments.

Sources: FSD Africa · The Punch · Nairametrics · Moneycentral

Nigeria InfraCredit announces a guarantee for nine solar mini grids in Jigawa State

In an announcement dated 10 November, InfraCredit outlined its credit enhancement of Electrify Microgrid Limited’s local-currency financing for nine solar hybrid mini-grids in underserved communities. The transaction is the first project prepared through its Distributed Renewable Energy Enhancement Facility to be financed under its UK-backed Climate Finance Blending Facility. It combines electricity access with productive uses, including agricultural processing.

Sources: InfraCredit

Electricity COP31 announces a finance coalition and USD 15 million instruments for South Africa and Liberia

Electrify Now’s statement of 10 November announced a coalition to prepare bankable projects, reduce risks and facilitate investment in electrification across emerging and developing economies. Among the transactions presented alongside it, the Climate Investment Funds envisage USD 15 million in junior equity for a grid credit guarantee vehicle in South Africa, with the African Development Bank, and a USD 15 million first-loss guarantee for solar and storage in Liberia, with the World Bank. The private capital expected from these instruments represents mobilisation targets.

Sources: Electrify Now · Inter Press Service · Global Issues

East Africa UK announces USD 4 million for electricity trade and USD 2 million for Tanzania

A UK government paper published on 10 November outlines this support, channelled through the World Bank’s Energy Sector Management Assistance Program. The USD 4 million is intended to strengthen the regulatory foundations for cross-border electricity trade and investment in regional transmission; the USD 2 million for Tanzania concerns private participation in generation and transmission. A separate action plan for Ethiopia provides for support to planning, investment prioritisation and project preparation, without announcing a new construction financing package.

Sources: UK Government · UK Government — Ethiopia action plan

WAEMU Shelter Afrique confirms a CFA 60 billion sustainable housing bond

A statement dated 10 November confirmed the closing of this issuance for affordable and sustainable housing in the West African Economic and Monetary Union (WAEMU), with subscriptions having run from 7 to 30 October. The two tranches have maturities of five years at 6.10% and seven years at 6.30%; the International Finance Corporation and Ecobank are anchor investors. CFA franc financing is intended to align the currency of funding with project revenues; the closing of the bond does not mean that all proceeds have already been disbursed to beneficiaries.

Sources: Frontier Africa Reports · CADRECO · Afrimag · Financial Afrik

Information notice

This 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.

Egypt Alcazar reaches financial close on 500 MW of wind power at a total cost of USD 626 million

Alcazar Energy Partners announced financial close on 9 November for the Niat and Rasgha wind farms, each with a capacity of 250 MW, at Ras Ghareb on the Red Sea. Their total cost of USD 626 million includes a USD 436 million loan package provided by the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and German development finance institution DEG. Commercial operation is expected by the end of 2028, under 25-year power purchase agreements with the Egyptian Electricity Transmission Company.

Sources: Alcazar Energy Partners · EBRD · Reuters — Zawya · energynews.pro

Egypt EBRD backs up to USD 63.5 million for solar generation and battery storage at Benban

In an announcement reported on 9 November, the EBRD outlined financing for Nefer Benban, a company owned by Infinity Power and Hassan Allam Utilities Energy, near Aswan. The package of up to USD 63.5 million comprises up to USD 56 million from the bank’s own resources and USD 7.5 million in concessional financing from the Clean Technology Fund, supporting 258.5 MWp of solar capacity and 120 MWh of battery storage. The batteries are intended to release some of the electricity generated during the day after sunset; electricity purchases are covered by a 25-year agreement.

Sources: EBRD · TradingView — Zawya

Senegal FMO considers arranging up to EUR 146.5 million for Tamba Solar and battery storage

A disclosure published by Dutch development finance institution FMO on 4 November and reported in the media on 9 November describes a 100 MWp solar plant with 60 MW/180 MWh of battery storage in Tambacounda. FMO is considering providing and arranging up to EUR 146.5 million in loans, including up to EUR 89 million for its own contribution. The project has a 25-year power purchase agreement with Senelec signed in December 2024; the financing remains a proposal.

Sources: FMO · Agence Ecofin — MEOCE · energynews.pro

Tanzania plans around TZS 204 billion for a 100 MW solar expansion in Shinyanga

Daily News reported on 9 November comments by Deputy Minister for Energy Salome Makamba on the second phase of the Kishapu solar project in Shinyanga Region. She said technical teams were already on site to prepare implementation of this 100 MW phase. The announced amount represents planned investment and does not confirm that it has been fully disbursed.

Sources: Daily News · Media Wire Express

Africa and Asia Ninety One managed infrastructure fund targets USD 1 billion in investment over three years

According to reports published on 9 November citing a Bloomberg interview with Martijn Proos, the Emerging Africa & Asia Infrastructure Fund plans to invest around USD 1 billion over the next three years. Managed by Ninety One, the fund targets sectors including electricity, telecommunications and transport. The figure is a deployment target across both regions; these reports announce neither an exclusively African allocation nor new individual investment commitments.

Sources: Shore Africa · African Economy · FurtherAfrica

Nigeria proposed USD 500 million financing would support the INFRAGROW infrastructure platform

The Punch reported on 9 November, citing a project document dated 4 November, that Nigeria is seeking USD 500 million from the World Bank for an infrastructure financing and risk mitigation platform. The Nigeria Sovereign Investment Authority would serve as implementing agency, with instruments for project preparation, viability support, capital investment and guarantees. The estimated approval date is 25 May 2027; the loan is not presented as approved.

Sources: The Punch · BusinessDay · Africa Business Insight · Trust TV

Guinea seeks partners for five transport and energy projects estimated at USD 3.8 billion

According to Ecofinance Guinée on 9 November, the Guinean Development Agency plans to present five projects at the Simandou Mining Summit, scheduled for 11–14 November in Conakry. They include the Southern Coastal Road, a bus rapid transit network and an urban railway for Greater Conakry, together with two solar plants with storage at Dabola and Faranah. The approximately USD 3.8 billion represents estimated costs of projects seeking financing, rather than capital already mobilised.

Sources: Ecofinance Guinée

Côte d’Ivoire Atinkou inauguration highlights a 390 MW gas power plant already in operation

Reports published on 9 November revisit the official inauguration on 6 November of the Atinkou combined-cycle power plant at Taboth, near Jacqueville. The energy ministry puts the investment at CFA 265 billion and states that commercial combined-cycle operation began on 13 December 2025. The inauguration is therefore a ceremonial milestone, distinct from the start of generation or new financing.

Sources: Côte d’Ivoire Ministry of Mines, Petroleum and Energy · Office of the Prime Minister of Côte d’Ivoire · Ivorian Press Agency · BiFinances · CINEWS

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.

South Africa registers 144 electricity facilities totalling 3129 MW and estimated investment of ZAR 78 billion

In an update reported by SolarQuarter on 6 November, the National Energy Regulator of South Africa (NERSA) recorded 144 facilities registered between July and September 2026, representing 3,129 MW and an estimated investment value of ZAR 78.16 billion. The portfolio includes 139 solar photovoltaic projects totalling 2,045 MW and three wind projects totalling 1,063 MW; 76 facilities representing 3,079 MW are intended for the Eskom network. These figures concern regulatory registrations and investment estimates and do not establish that all facilities have been built, connected or brought into operation.

Sources: SolarQuarter · The Profiler

Côte d’Ivoire inaugurates the 46 MW Biovéa biomass plant using agricultural residues

In a report published on 6 November, Côte d’Ivoire’s energy ministry announced the official inauguration on 5 November of the 46 MW Biovéa plant at Ayébo, near Aboisso. According to the ministry, the project, developed by EDF, Meridiam and the SIFCA group with financing support from Proparco and the Emerging Africa Infrastructure Fund, represents investment of more than CFA 150 billion. The plant uses oil palm residues supplied by PALMCI and local producers, among others; the ceremony marks its official inauguration, distinct from testing and earlier stages in the start-up of its units.

Sources: Côte d’Ivoire Ministry of Mines, Petroleum and Energy · Ivorian Press Agency · Fraternité Matin · BiFinances

Côte d’Ivoire Senate committee adopts a bill targeting around CFA 50 billion a year for electricity

The Senate reports that its Economic and Financial Affairs Committee adopted a bill on 6 November ratifying a June 2025 ordinance that reallocates part of the fuel tax to the electricity sector. The measure aims to mobilise around CFA 50 billion annually to extend the network and improve the quality of electricity supply, without changing pump prices, according to the report. The reported step is committee adoption of a ratification bill; it does not constitute final approval by Parliament as a whole or an announcement of new borrowing or revenue already received.

Sources: Senate of Côte d’Ivoire

Information notice

This 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.

Cameroon Authorisation to sign EUR 150 million EIB financing for the Yaounde bypass

According to publications dated 5 and 6 November, a decree of 5 November authorises the Economy Minister to sign a EUR 150 million financing agreement with the European Investment Bank (EIB) for priority section T3 of the Yaoundé bypass. The EIB project record describes a 22.8 km dual carriageway with seven interchanges, linking national road 1 at Nkozoa to the Yaoundé–Douala motorway, notably to divert through traffic from the capital’s centre. The EIB approved the project on 19 November 2025: the reported step concerns national authorisation to sign, without establishing loan signature, disbursement or the start of works.

Sources: Actu Cameroun · Sika Finance

Uganda Finance ministry confirms EUR 50 million in German grants including EUR 35 million for water and electricity

In a publication dated 5 November, Uganda’s Finance Ministry confirms Germany’s EUR 50 million grant commitment following intergovernmental negotiations concluded in Kampala on 3 November, including EUR 35 million for water and electricity. The package comprises EUR 30 million in financial cooperation and EUR 20 million in technical cooperation; other announced allocations concern agribusiness, local economic development, refugees and host communities. The ministry presents these commitments as the basis for bilateral cooperation over the next two years, without announcing full disbursement or providing a detailed implementation timetable.

Sources: Uganda Ministry of Finance · Daily Monitor

Digital Egypt IDSC examines risk allocation in financing power infrastructure for African data centres

In a publication dated 5 November, Egypt’s State Information Service presents an analysis by the government’s Information and Decision Support Center (IDSC) on financing electricity infrastructure for African data centres. It examines who would bear costs if demand fell below forecasts. It discusses developer contributions, phased grid expansion and contractual minimum payments, without announcing new financing.

Sources: Egypt State Information Service

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.

Tanzania AfDB structures USD 1.2 billion in signed commercial financing for Tabora Kigoma

A publication dated 4 November reports Tanzania’s signature of a USD 1.2 billion commercial facility for the 411 km electrified Tabora–Kigoma section, Lot 6 of its standard gauge network. The African Development Bank (AfDB), initial arranger, brought together nine banks, with Deutsche Bank and Société Générale as coarrangers: USD 720 million in guaranteed loans and USD 480 million on sovereign risk alone. The partial credit guarantee of up to USD 800 million, also covering interest, is not an additional loan to be added to the signed financing.

Sources: Groupe Média Afrique Environnement  

Uganda and region Afreximbank starts disbursements under USD 28 million DOTT facility

In a statement dated 4 November, Afreximbank says it has approved and activated a USD 28 million dual-tranche facility for Ugandan engineering and construction contractor DOTT Services Limited and begun disbursements. The facility supports contract execution and the pursuit of opportunities worth approximately USD 550 million in Uganda, Tanzania, Kenya and the Democratic Republic of Congo. That figure describes the company’s targeted business pipeline, rather than the loan amount or investments fully financed by the bank.

Sources: Africa.com

Namibia Dangote launches fuel storage and pipeline project estimated at USD 2.5 billion

On 4 November, Aliko Dangote launched a petroleum storage and regional pipeline project near Walvis Bay, presented as an investment of approximately USD 2.5 billion. The planned terminal would hold 600 million litres, including 360 million litres of diesel and 240 million litres of petrol, with road tanker loading facilities. A pipeline of around 1,700 km is envisaged towards inland Southern African markets; its final route and length remain subject to engineering studies and approvals, while the launch does not establish financial close.

Sources: The Brief · Voice of Nigeria — Reuters

Water African Water Facility reports EUR 9.1 million disbursed over nine months

At the African Water Facility’s Governing Council meeting in Abidjan on 4–5 November, Egyptian Irrigation Minister Hani Sewilam presented results of EUR 9.1 million disbursed and thirteen new projects prepared during the first nine months of 2026. According to the account published on 4 November, the latest call for proposals received 650 applications. Discussions concern water and sanitation project preparation and financing the 2026–2030 strategy; these implementation figures are not a new funding envelope approved at the meeting.

Sources: Egyptian Gazette · Egypt State Information Service

Information notice

This 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.

Ports ANP and AFD sign a declaration concerning EUR 100 million in financing

According to a Moroccan news agency MAP report carried on 3 November, the National Ports Agency (ANP) and the French Development Agency (AFD) signed a joint declaration in Rabat that day concerning the third financing operation under their partnership, amounting to EUR 100 million. The financing is described as a subsidised thirteen-year non-sovereign loan without a state guarantee, supporting ANP’s 2023–2030 investment programme: infrastructure rehabilitation and reinforcement, renewable energy and desalination, fishing port modernisation, and quay decarbonisation and electrification. The reported signature concerns a joint declaration relating to the financing; the publications consulted do not establish disbursement or completion of the planned investments.

Sources: MAP — Assahafa · Le Reporter

The Gambia Guinea Bissau and Mali ECOWAS prepares closure of a USD 225 million electricity programme

In a publication dated 3 November, the Economic Community of West African States (ECOWAS) presents results reviewed at the final steering committee of its Regional Electricity Access Project, held on 2–3 November in Abuja: 490 localities electrified and almost 500,000 beneficiaries after six years of implementation. Financed by the World Bank with USD 225 million, the programme is scheduled to close on 31 December 2026; the committee is examining completion of works and the sustainable transfer of facilities to national electricity utilities. Mali’s representative requested an extension of at least thirty months, subject to World Bank approval; this is a request, rather than an approved extension or new financing.

Sources: ECOWAS

Tanzania Wingu Africa obtains design certification for its data centre expansion

In a statement dated 3 November, Wingu Africa announces Uptime Institute Tier III Certification of Design Documents for the second phase of its data centre in Dar es Salaam. The certified design covers a stated peak IT load of 507 kW and provides for planned maintenance without disrupting the redundant power and cooling capacity supporting IT equipment. According to the company, the expansion is under construction: certification concerns the design documents and does not constitute certification of the constructed facilities or an announcement of commissioning; no new financing amount is disclosed.

Sources: Wingu Africa — EIN Presswire

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.

Zambia and Southern Africa Solarcentury Africa signs initial USD 86.2 million tranche for its solar portfolio

In a statement available at the preparation of this edition, Solarcentury Africa announces a five-year financing facility arranged by Standard Bank South Africa, with an initial committed tranche of USD 86.2 million and participation by Dutch development bank FMO in its syndication. This tranche will refinance a bridge loan that supported plants now operational and finance the 59 MWp third phase of the Mailo solar plant in Zambia, bringing its planned total capacity to 120 MWp. The structure includes an uncommitted expansion option of up to USD 370 million for other plants in the regional portfolio; this ceiling does not represent fully secured financing or an amount entirely allocated to Mailo.

Sources: Solarcentury Africa

South Africa Wabtec concludes approximately USD 390 million agreement for Transnet locomotives

Wabtec announced on 2 November that it had finalised a long-term Material and Technical Support Agreement with Transnet Engineering, valued at approximately USD 390 million, for Class D43 and D44 locomotives. The agreement includes components, technical expertise and predictive maintenance capabilities, including a digital equipment condition monitoring platform, to improve fleet availability and reduce maintenance turnaround times. According to the statement, these locomotives serve freight corridors carrying export commodities, containers and general freight; the agreement also provides for knowledge transfer and initiatives to strengthen local capabilities.

Sources: Wabtec · Railway News

Sudan Agreement with Egypt covers water infrastructure rehabilitation and solar powered drinking water stations

The Egyptian and Sudanese ministers responsible for irrigation signed a memorandum of understanding on 2 November covering water resources development projects in Sudan, alongside consultations involving both countries’ foreign and irrigation ministers. According to Egypt’s State Information Service, cooperation covers rehabilitation of facilities damaged by the conflict, flood protection, rainwater harvesting, solar-powered drinking water stations, and training. The publications consulted describe a cooperation framework for these interventions, without specifying their cost, concluded financing or implementation timetable.

Sources: Egypt State Information Service · Daily News Egypt · The Egyptian Gazette

Information notice

This 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.

Update Africa AFC launches a USD 690 million sovereign climate facility

Following the Green Climate Fund approval announced on 29 October, Africa Finance Corporation (AFC) announced the launch on 30 October of the Africa Sovereign Climate Facility at a signing ceremony in Korea, presenting total programme financing of USD 690 million. Its first phase covers Angola, Benin, Côte d’Ivoire and Nigeria, including clean energy, food and water security, and climate resilient infrastructure. AFC says it will arrange and fully fund a parallel commercial facility of up to USD 260 million, with a tenor of up to ten years, through the participating finance ministries.

Sources: Africa Finance Corporation · Green Climate Fund

Nigeria Proparco signs USD 30 million facility with Sterling Bank

In a release dated 30 October covering its chief executive’s visit to Nigeria on 26–28 October, Agence française de développement (AFD) reported a USD 30 million credit facility from its subsidiary Proparco to Sterling Bank. Proparco’s 29 October publication specifies that 80 per cent will support renewable energy projects, including off grid solar, and 20 per cent agricultural small and medium sized enterprises. The loan agreement was signed in Lagos to finance the bank’s clients’ projects.

Sources: Proparco · Agence française de développement

Benin EIB considers EUR 63 million for electricity network upgrades

In a project record published on 30 October, the European Investment Bank (EIB) describes proposed financing of approximately EUR 63 million for upgrades to the network of Société béninoise d’énergie électrique, Benin’s electricity utility, at an estimated total project cost of EUR 173 million. Planned investments cover 750 localities in Mono, Couffo and Borgou, aiming to connect approximately 600,000 people and improve reliability. The project remains under appraisal, a status recorded since February 2025, with AFD leading due diligence; publication does not constitute EIB loan approval or signature.

Sources: European Investment Bank

Africa Energy Bank appoints its first governance bodies

In a statement dated 31 October, the African Export Import Bank (Afreximbank) and the African Petroleum Producers’ Organization (APPO) announced the formal establishment of the Africa Energy Bank at its inaugural general meeting in Abuja. Resolutions included appointing Helmy Ghazi as its first president and constituting its first board; authorised capital of USD 5 billion should not be treated as capital already paid in and available for lending. Its announced mandate includes energy exploration, production, transport, processing, refining and distribution projects.

Sources: Afreximbank — Public Technologies · Reuters — MarketScreener · Okay News · bne IntelliNews

Ghana Minister announces Russian cooperation on a proposed 2000 MW nuclear plant

According to Reuters, Ghana’s foreign minister Samuel Okudzeto Ablakwa said on 31 October that Russia had agreed to cooperate on developing a 2,000 MW nuclear power plant following discussions at the Russia–Africa summit. The minister presented the project as supporting energy security and industrialisation. The reported announcement gives no concluded financing amount, construction contract or commissioning timetable.

Sources: Reuters — MarketScreener · Ghana News Agency · OnuaOnline

Update West Africa Countries examine options to reduce the cost of the Abidjan Lagos highway

Following the earlier announcement of the ministerial meeting, Togo’s public works ministry confirmed in a 1 November publication that the ministerial steering committee met in Lomé on 30 October with Benin, Côte d’Ivoire, Ghana, Nigeria and Togo. According to its account, structuring options examined could reduce the initial estimated cost of USD 15 billion to USD 13 billion or potentially USD 10 billion, without announcing a final budget or completed financing. Togolese minister Sani Yaya also called for faster operationalisation of the Abidjan–Lagos Corridor Management Authority (ALcOMA), whose board has been constituted, and proposed central coordination of land clearance for the project.

Sources: Ministère togolais chargé des Travaux publics et des Infrastructures · Le National · L’Interview · Actu Lomé

Benin IFC and Proparco sign EUR 30 million for four solar plants

A joint statement dated 29 October, reported again over the weekend, announces signed financing agreements totalling EUR 30 million from the International Finance Corporation (IFC) and Proparco for IPP50, a solar independent power producer project developed by AXIAN and local partners. The four plants in Natitingou, Djougou, Parakou and Bohicon have a combined announced capacity of 62 MWp, with total project cost of EUR 45 million. Commercial operation is targeted for the first quarter of 2028; the financing signature does not establish that funds have already been disbursed.

Sources: AXIAN CDC Benin IFC and Proparco · Portail Info · CFNEWS INFRA · Only Benki · Afripoli · Renewables Now

Gabon Public investment mapping identifies 487 additional projects

According to the Agence Gabonaise de Presse on 30 October, results presented that day by the planning authorities increased the national inventory of public projects from 675 to 1,162. The supplementary mapping exercise, supported by the World Bank and the Hiswaka project, records projects by province, ministry, financing source and implementation stage to support investment planning and monitoring. The increase reflects additional projects identified in the database and should not be interpreted as 487 new financing approvals or construction starts.

Sources: Agence Gabonaise de Presse

Information notice

This 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.