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Download logoThe Board of Directors of the African Development Bank Group (www.AfDB.org) approved an equity investment of $20 million in Evolution Fund

African Development Bank invests $20 million in private equity fund targeting renewable energy projects in sub-Saharan Africa - The Maravi Post

January 22 2021 / Modified on January 22 2021 The Multilateral Investment Guarantee Agency (MIGA), a subsidiary of the World Bank group, has just issued guarantees amounting to 25.6 million dollars in favour of Escotel Mauritius. The Mauritius-based company provides electricity services to mobile phone operators in Liberia and Sierra Leone. On 19 January 2021, the Multilateral Investment Guaran...

December 16 2020 / Modified on December 16 2020 Investment advisory firm Inspired Evolution has joined forces with Norfund and Sagemcom to raise $35 million to finance and launch Escotel, a new company with ambitions to provide clean energy to telecom towers in Africa. The new company will execute a first contract with the French operator Orange S.A. A new player is emerging in the renewable en...