Power Africa News

Brighter Africa - The growth potential of Sub-Saharan Africa's electricity sector - McKinsey

Brighter Africa: The growth potential of Sub-Saharan Africa's electricity sector - McKinsey (Report)

The power sector in sub-Saharan Africa offers a unique combination of transformative potential and attractive investment opportunity. In most countries, electricity is provided by expensive diesel generators, with prices ranging from three to six times what grid consumers pay across the world.

Listing in Africa - Extractive Industries - KPMG

Listing on African Stock Exchanges - Extractive Industries: KPMG (Report)

The recent lack of growth in the developed markets coupled with perceived improvements in political and macroeconomic stability, policy certainty, and legal systems in many African countries, as well as Africa’s growing middle class and rise in consumption is leading to increasing interest by foreign companies and institutions in Africa as an investment destination.

Solar park

Dubai-based Access Power launches finance vehicle aimed at African energy projects

Dubai-based Access Power MEA and France’s renewable energy developer Eren Developpement launched a new financing vehicle, the first of its kind to be deployed solely focusing on African energy projects.

Tony Elumelu and Barack Obama at the Ubungo Power Plant

Heirs Holdings can generate a quarter of Nigeria's power needs within the next five years: Tony Elumelu, Chairman, Heirs Holdings

Well-known global business leader and chairman of Heirs Holdings Tony Elumelu says the group “has the ambition to generate at least a quarter of Nigeria’s power consumption needs in the next five years.”

Tony Elumelu, Chairman of Heirs Holdings

US-Africa Business Forum: An interview with Tony Elumelu, Chairman of Heirs Holdings (Video)

Tony Elumelu, Chairman of Heirs Holdings, a pan-African investment firm based in Lagos, Nigeria, talks about the investment climate and availability of capital in different African countries.

Tony Elumelu, Chairman of Heirs Holdings, Transcorp and UBA

Tony Elumelu: The Africapitalist who wants to power Africa

You’ve probably heard by now about the Afropolitans and the Afropreneurs — but what about the Africapitalists?

Tony Elumelu, Chairman of Heirs Holdings, Transcorp and UBA

Game Changers Africa: A profile of Tony Elumelu, Chairman of Heirs Holdings, UBA and Transcorp (Video)

Former Nigerian banker turned philanthropist & entrepreneur, Tony Elumelu, is profiled.

Penny Pritzker, US Commerce Secretary, at the US-Africa Business Forum

Africa Summit Set the Stage for US Business. Now What?

As the dust settles after the U.S.-Africa Leaders’ Summit that took place in early August in Washington, a clearer picture is emerging of what it achieved.

Diana Layfield, CEO, Standard Chartered Africa

Standard Chartered has doubled to $5B its commitment to Power Africa: Diana Layfield, CEO, Standard Chartered Africa (Video)

Standard Chartered puts up its own capital and that of others.

Africa's GDP

Lions go global: Deepening Africa's ties to the United States

The White House has invited some 50 African heads of state to Washington, DC, this week, presenting a historic opportunity to deepen US ties to the continent.

Alaoji Power Plant, Aba, Abia, Nigeria

Nigeria and US sign MoU on 1,500MW power plant

The Federal Government and the United States of America on Thursday signed two Memoranda of Understanding to build a 1,500-megawatts power plant as well as other infrastructure to boost Nigeria’s power sector

Jose Eduard Dos Santos, President of Angola

Angola to Buy Trains & Power Generators From GE in $1B Deal Financed by US Ex-Im Bank

Angola’s government plans to buy trains and power generators from General Electric Co. (GE) worth about $1 billion in a deal financed by the Export-Import Bank of the U.S., the lender’s president said.