Two million dollars sounds small until you realise what it’s actually buying: proof that a business model works. And in rural electrification, proof is worth more than the check. The African Development Bank Group’s Board of Directors has approved a $2 million reimbursable grant from the Sustainable Energy Fund for Africa (SEFA) to support development…
Diplomats and policy experts gathered in New Delhi this week with a message for Africa and India: the global order is shifting, the old boys’ club at the top is getting crowded, and if these two regions don’t lock in a serious partnership around solar energy, critical minerals, space technology, and skills, someone else will…
For most of Africa’s history with large-scale renewable energy, the formula has been the same: the government negotiates a long-term power purchase agreement, an international development finance institution provides concessional debt, a foreign developer builds the plant, and the national utility buys the power at a fixed rate for 20 years. It works, but it…
