ENERGY
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Proparco Commits €300 Million to Back AXIAN’s Digital and Clean Energy Push Across Africa
French development finance institution Proparco has announced a EUR 300 million financing commitment to support AXIAN Group’s digital and energy operations across Africa. The deal was formalised through a Memorandum of Understanding signed with AXIAN Energy and its digital subsidiary Yas at the Africa Forward Summit in Nairobi. The three-year agreement positions Proparco as a strategic financing partner for AXIAN’s…
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Why Africa Must Put Women and Youth at the Center of Clean Energy Transition
Africa’s clean energy transition will only be fast, just, and investable if women and young people are treated as producers, workers, innovators, and decision-makers, and not merely as end users of clean energy solutions. A pivotal moment for policy choices Across the continent, energy poverty remains a defining constraint on inclusive and sustainable development. Around 666 million people globally still…
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Kenyan Innovator Wins Global Citizen Prize for Solar-Powered Farming Solution
Dysmus Kisilu, the Kenyan entrepreneur behind Solar Freeze, has been named one of four recipients of this year’s Global Citizen Prize, a prestigious award recognising young leaders making outstanding contributions to ending extreme poverty worldwide. Kisilu will be honoured on stage at Global Citizen NOW in New York City on Thursday, May 14, where he will receive a $10,000 grant…
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Funding Push Puts Africa’s Energy Gap in Focus
A new funding commitment of more than $1,1 billion by the European Investment Bank is set to accelerate renewable energy projects across Africa, but experts say it will only begin to address a deeper, systemic electricity deficit affecting millions across the continent. “This level of investment is important in catalysing renewable energy development, particularly in scalable projects, grid infrastructure and…
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Crown Paints Commits to Renewable Energy for a Greener Future
Crown Paints Plc yesterday joined the global community in commemorating World Earth Day 2026 under the theme “Our Power, Our Planet,” reaffirming its commitment to sustainable practices and the transition towards renewable energy. Over the years, the paint manufacturer has continued to entrench environmentally responsible practices across its operations, underscoring the important role businesses play in tackling climate change and…
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MECS Invests KES 97 Million To Support Kenyan Clean Cooking Innovators
The Modern Energy Cooking Services (MECS) has announced a $750,000 (KES 97 million) investment that will benefit three innovative Kenyan clean cooking ventures – Ecobora, PowerUp, and Sun-Power Box. The investment is part of MECS’ ongoing efforts to advance sustainable clean cooking solutions and accelerate clean energy transitions in Africa. The innovators will utilize the funds to scale affordable electric…
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PowerBank announces $1.1m incentive for 7.1 MW solar project in New York
PowerBank Corporation (PowerBank), a player in distributed solar energy, battery storage, and clean energy infrastructure across North America, announced that its 7.1 MW Jordan Rd 2 community solar project located on privately-owned brownfield lands in Skaneateles Falls, New York, has been approved for up to $1.1 million in incentives through the New York State Energy Research and Development Authority (NYSERDA)…
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Sora Fuel closes $14.6m round to scale air-to-jet fuel technology
Sora Fuel, a climate technology company that makes jet fuel from just air, water, and renewable energy, has closed a $14.6 million round. The round was co-led by Spero Ventures and Inspired Capital, alongside super pro-rata investments from Engine Ventures and Wireframe Ventures. Sora has proven that its proprietary system can capture CO₂ directly from ambient air and convert it…
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New $11.3 Million Facility to Bring Clean Energy to Nearly a Million People in Africa’s Conflict Zones
The African Development Bank Group has approved a $5.65 million grant to pilot a first-of-its-kind financing mechanism designed to solve one of clean energy’s most stubborn problems: getting capital into places where commercial lenders won’t go. The Peace Renewable Energy Certificate (P-REC) Aggregation Facility, co-financed with an equivalent contribution from the Nordic Development Fund, will direct a combined $11.3 million…
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Rockefeller Foundation Puts $10 Million Behind Africa’s 300 Million Electricity Access Goal
The Rockefeller Foundation has committed an additional $10 million to Mission 300, the joint World Bank Group and African Development Bank initiative aiming to connect 300 million Africans to electricity by the end of the decade. The funding will be channelled through a collaboration with the Global Energy Alliance for People and Planet, with the goal of accelerating electrification across…
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