10 November 2026 – Daily Review of Infrastructure Financing and Investment in Africa
10 novembre 2026
The selection is dominated by electricity generation and its financing: financial close on two Egyptian wind farms, solar power combined with storage in Egypt and Senegal, and preparations for a solar expansion in Tanzania. Other reports cover an Africa–Asia investment programme, a capital mobilisation platform in Nigeria and Guinean projects seeking partners. They describe different stages, from concluded financing to proposals still under consideration.
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.