Tag Archives: Africa

Snam’s BW Singapore Unit Successfully Commissioned, Strengthening Italy’s Energy Diversification

(IN BRIEF) The BW Singapore regasification unit in Ravenna has completed commissioning and will soon begin operations, adding 5 billion cubic meters to Italy’s LNG regasification capacity. This will bring Italy’s total regasification capacity to 28 billion cubic meters annually, … Read the full press release

EIB Joins LeapFrog to Drive Climate Innovation Across Africa and Asia with $60M Commitment

(IN BRIEF) The European Investment Bank has pledged $60 million to support LeapFrog Investments’ Climate Investment Strategy, a fund aiming to deploy $500 million for green technologies across Africa and Asia. Joined by partners such as IFC, Temasek, and SIFEM, … Read the full press release

EIB and EIF Unveil €3.6 Billion Financing Package to Boost Clean Transport, Energy, and Automotive Innovation

(IN BRIEF) The European Investment Bank (EIB) and the European Investment Fund (EIF) have approved new financing initiatives aimed at bolstering clean transport, energy, and innovation projects, as well as enhancing water and sanitation infrastructure in Africa with a total … Read the full press release

Metso Opens Advanced Dewatering Hub in Irapuato, Bolstering Global Filtration and Customer Service Capabilities

(IN BRIEF) Metso has launched its advanced Dewatering Development Hub in Irapuato, Mexico, on April 10, 2025, marking a significant milestone in its pursuit of enhanced customer service and innovation. The facility manufactures polymer filter plates for both internal and … Read the full press release

LEGO Group Strengthens Global Supply Network with Strategic Expansion and Enhanced Regional Operations

(IN BRIEF) The LEGO Group has structured its supply chain into regional networks, positioning factories and distribution centres across three continents. This system enhances responsiveness to market changes while reducing transportation emissions. Currently, the company operates six factories in Denmark, … Read the full press release

TotalEnergies Bolsters Global Renewable Portfolio with Key Acquisitions in Europe, Africa, and Canada

(IN BRIEF) TotalEnergies has completed a series of strategic acquisitions and agreements to expand its renewable energy portfolio across Europe, Africa, and Canada. In Europe, the acquisition of VSB Group—an established developer in wind and solar energy—strengthens its integrated electricity … Read the full press release

HSG Leads the Charge: Pioneering EU and Swiss-Funded Projects to Transform Sustainable Agriculture and Land Use

(IN BRIEF) The University of St. Gallen (HSG) is spearheading three innovative projects—Nostradamus, LandShift, and AfroGrow—aimed at promoting sustainable agriculture and land use, with financial support from both the EU’s Horizon Europe programme and the Swiss State Secretariat for Education, … Read the full press release

Helios Fund V Secures $75 Million Investment from EIB Global to Fuel Africa’s Digital and Tech Growth

(IN BRIEF) The European Investment Bank (EIB Global) has committed $75 million to Helios Fund V, a private equity fund managed by Helios Investment Partners. Focusing on sectors like digital infrastructure, financial services, and tech-enabled services, the fund aligns with … Read the full press release

EIB Partners with Africa Finance Corporation to Launch $750 Million Infrastructure Climate Resilient Fund for Africa’s Green Future

(IN BRIEF) The European Investment Bank (EIB) is joining forces with Africa Finance Corporation (AFC) to finance the $750 million Infrastructure Climate Resilient Fund (ICRF), a major step towards advancing climate adaptation and sustainable infrastructure across Africa. EIB’s contribution of … Read the full press release

Metso Secures Contract for Upgrades and Repairs to Enhance Stockyard Equipment in Africa

(IN BRIEF) Metso has secured an order to carry out repairs and enhancements to a bucket-wheel stacker reclaimer at a customer’s stockyard in Africa. The project will involve upgrades to mechanical, structural, and electrical components, aimed at improving operational efficiency, … Read the full press release

UAE-France Strategic Alliance Fuels Clean Energy Expansion in Africa and Asia

(IN BRIEF) A new partnership, strengthened by the UAE-France High-Level Business Council and the UAE-France Framework for Cooperation in Artificial Intelligence, is set to bolster clean energy access in emerging markets. Masdar, TotalEnergies, and EPointZero have formalized a collaboration to … Read the full press release

2Africa Subsea Cable Reaches Crete, Marking a Major Milestone for Global Connectivity

(IN BRIEF) Vodafone Greece’s cable landing station at Tympaki, Crete, has received the 2Africa subsea cable, the world’s largest cable system. The system promises to enhance internet speed and reliability in Greece, while the broader 2Africa project, launched in 2020, … Read the full press release

EIB Invests €15 Million to Support SME Growth and Gender Inclusion in Africa through IPAE 3 Fund

(IN BRIEF) The European Investment Bank (EIB) has committed €15 million to the I&P Afrique Entrepreneurs 3 (IPAE 3) fund, aimed at supporting small and medium-sized enterprises (SMEs) across Africa. The initiative, which focuses on key sectors like agriculture, health, … Read the full press release

EIB Global Loan Boosts SES’s O3b mPOWER Satellite Network to Enhance Connectivity and Bridge the Digital Divide

(IN BRIEF) SES has secured a €125 million loan from EIB Global to expand its O3b mPOWER satellite network with three additional satellites. The loan will support the network’s efforts to provide high-performance broadband to underserved regions, particularly in Africa, … Read the full press release

TotalEnergies Extends Partnership with CAF to Champion Football Development Across Africa

(IN BRIEF) TotalEnergies has extended its partnership with the Confederation of African Football (CAF) for another four years, continuing its sponsorship of major football events across the continent. The agreement includes support for high-profile tournaments such as the CAF Africa … Read the full press release

University of Exeter and Ain Shams University Launch First Russell Group Branch Campus in Africa

(IN BRIEF) The University of Exeter has formed a transformative partnership with Ain Shams University in Cairo to establish the first-ever Russell Group branch campus in Africa. This collaboration will offer globally accredited programs, including undergraduate and postgraduate degrees, and … Read the full press release

METLEN’s Investment in Ghana Recognized as Key to Strengthening Europe’s Strategic Autonomy in Critical Raw Materials

(IN BRIEF) METLEN Energy & Metals’ bauxite project in Ghana has been recognized as a flagship initiative under the European Union’s Global Gateway program for 2025. This strategic investment aims to enhance Europe’s autonomy in critical raw materials and support … Read the full press release

European Investment Bank Unveils Major Commitments to Infrastructure, Innovation, and Inclusion at Africa Investment Forum

(IN BRIEF) At the 2024 Africa Investment Forum in Rabat, Morocco, the European Investment Bank (EIB) announced major commitments to support sustainable development in Africa. Key initiatives include a $80 million investment in the Pembani Remgro Infrastructure Fund II, the … Read the full press release

Nokia and du Revolutionize Connectivity with First 5G Cloud RAN Deployment in Middle East and Africa

(IN BRIEF) Nokia and du have successfully launched the first commercial 5G Standalone Cloud RAN solution in the Middle East and Africa, marking a significant advancement in the UAE’s digital transformation goals. Utilizing Nokia’s flexible anyRAN approach, the deployment integrates … Read the full press release

Holcim to Divest Majority Stake in Lafarge Africa PLC to Huaxin Cement Ltd

(IN BRIEF) Holcim has agreed to sell its 83.81% stake in Lafarge Africa PLC to Huaxin Cement Ltd for an equity value of USD 1 billion. The transaction, aimed at streamlining Holcim’s portfolio, is expected to close in 2025, pending … Read the full press release