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12 December 2016

Uganda’s energy minister attends formal opening of his country’s largest solar farm

“Great benefits for this rural area” says EAIF’s Oscar Kang’oro

The Hon. D’Ujanga Simon, Uganda’s Minister of State for Energy, today (12th December) took part in a ceremony to mark the opening of his country’s largest solar farm, at Soroti in Eastern Uganda. The Emerging Africa Infrastructure Fund (EAIF) is one of the principal lenders to Access Soroti Ltd, the private sector company that built and is operating the plant. Electricity production began at the 10MW facility in late November.

Oscar Kang’oro, a Non-Executive Director of the Emerging Africa Infrastructure Fund, said that EAIF is supporting solar and small hydro power projects across Uganda.

“EAIF is fully engaged in Uganda and currently supporting eight renewable energy projects, including at Soroti. We see great benefits from small and renewable generating capacity, particularly in rural and semi-rural areas. New generating capacity can unlock economic potential, create new economic development opportunities, grow the productivity of public services and improve energy security. Most importantly, the arrival in a district of more dependable and more affordable electricity can transform and enhance the lives of many thousands of men, women and children.”

Made up of 32,680 of photovoltaic panels, the new facility is the country’s first grid-connected solar plant and will generate clean, low-carbon, sustainable electricity to 40,000 homes, schools and businesses in the area.

The plant will benefit from the GETFiT programme of tariff support, which is managed by KfW Development Bank and supported by the EU and the governments of Germany, Norway and the UK.

To read the full official press release on the formal opening of the Access Soroti solar farm follow the link below.
http://access-power.com/east-africas-largest-solar-plant-starts-operations/

March 2017

Lake Kivu project success covered in Jeune Afrique film

Leading French language publication, Jeune Afrique, ran a film in late January about KivuWatt’s unique facility in Rwanda. It is a story of technical success, business progress and delivering electricity’s benefits to ordinary Rwandans. The Emerging Africa Infrastructure Fund helped to make the project possible.

Click here to go to video page on the Jeune Afrique site:

http://www.jeuneafrique.com/394510/economie/video-kivuwatt-produit-de-lelectricite-grace-lac-kivu/


KivuWatt, la centrale électrique du lac Kivu… by Jeuneafriquetv

February 2017

Nigeria’s Guardian newspaper carries letter from EAIF Executive Director

EAIF’s Executive Director, Emilio Cattaneo, wrote to The Guardian newspaper in Nigeria about the work of EAIF in Nigeria and across sub-Saharan Africa. His letter was published on 3rd February. Click on the link to read the letter.

Read More

January 2017

Out of the Dark

EAIF Sierra Leone power project features in top US publication coverage of World Economic Forum

At the 47th World Economic Forum (WEF) annual meeting that wraps up today in Davos-Klosters, Switzerland, more than 3,000 participants from nearly 100 countries have been addressing topics under the theme “Responsive and Responsible Leadership.” A session on the opening day of the conference earlier this week said responding to Africa’s at once dire and promising energy gap is one way elected officials and company officials can responsibly pursue greater economic growth on the continent.

January 2017

Nigeria’s digital future strengthened by successful US$800 million IHS bond issue supported by EAIF

Bond “Boosted Nigeria’s ability to raise money on international capital markets”, says EAIF chairman

The Emerging Africa Infrastructure Fund (EAIF) has invested US$50 million in an US$800m bond issued by the Nigerian telecommunications tower business, IHS. EAIF and the International Finance Corporation were named anchor investors in the bond issue. Launched in early October, the bond was successfully marketed and details of EAIF’s investment can now be made public. EAIF is a member of the Private Infrastructure Development Group (PIDG).

November 2016

EAIF invests US$25 million in new power station development at Freetown, Sierra Leone

“Signal to the world that the country is moving forward and welcomes international investment,” says Fund’s Executive Director

• Project is country’s first independent power producer

• Increasing electricity capacity in Freetown by approx 130%

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