Malawi to lead in renewable energy sector cajnewsafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cajnewsafrica.com Daily Mail and Mail on Sunday newspapers.
Date Time
UK supports Malawi’s energy diversification drive
On Monday, British High Commissioner to Malawi, David Beer, joined Malawi’s Minister for Energy Newton Kambala and officials from InfraCo Africa and JCM Power (JCM) in launching the Golomoti Solar, which will deliver 20 megawatts of clean power to the grid, at a ground breaking ceremony in Dedza District.
The project is being undertaken by InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and its project partner, JCM Power (JCM).
UK Government is pleased to be a partner to this innovative joint financing project by providing, through Innovate UK, a £2.1 million grant to provide state of the art batteries. These will enable the plant to provide reliable power and improve network stability, reducing reliance on hydro and diesel generation, whilst ensuring that grid stability is maintained. In addition, the UK through InfraCo Africa, one of UK’s Infrastructure Financing Agencies, is a 25% s
Liquid Telecommunications bond offering financed by Emerging Africa Infrastructure Fund it-online.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from it-online.co.za Daily Mail and Mail on Sunday newspapers.
23rd March 2021
On 22nd March, reporter Mudiwa Gavaza of Business Day newspaper wrote about the investment plans of Liquid Telecommunications, which recently had a successful bond issue supported by PIDG company, the Emerging Africa Infrastructure Fund. Read the full story.
15th March 2021
EAIF lends €29 million to support the construction of 30MW solar plant to supply the national grid, marking the 20th clean energy project for EAIF.
22nd February 2021
The Emerging Africa Infrastructure Fund (EAIF), a Private Infrastructure Development Group (PIDG) company, has committed to buy up to US$50,000,000 of a bond issue by Liquid Telecommunications, that is being launched on Monday 22rd February 2021. The bond (“The New Note Offering”) aims to raise US$600 million which will be used to refinance existing debt… Read more »
About EAIF:
The Emerging Africa Infrastructure Fund (www.EAIF.com) provides a variety of debt products to infrastructure projects promoted mainly by private sector businesses in Africa and parts of the Levant. The Fund helps create the infrastructure framework that is essential to sustained economic stability, business confidence, job creation and poverty reduction. It has to date supported 75 completed infrastructure projects across nine sectors in over 20 African countries. As of the end of 2018 the Fund had invested US$20.082 billion. EAIF is part of PIDG. EAIF was established and substantially funded by the governments of the United Kingdom, The Netherlands, Switzerland, and Sweden. It raises its debt capital from public and private sources, including Allianz, the global insurance and financial services company; Standard Chartered Bank; the African Development Bank; the German development finance institution, KFW,and FMO, the Dutch development bank. EAIF is managed b