4 November 2026: Senegal has secured nearly CFAF 1 trillion (about US$1.7 billion) in financing commitments towards universal access to electricity by 2029. It has also agreed with the African Development Bank Group and Sustainable Energy for All (SEforALL) on five priorities to convert those pledges into connections for the 6,471 localities still without power, in line with the targets outlined in its National Energy Compact under Mission 300.

The commitments were announced at a national roundtable in Dakar on the 6th of October, co-chaired by Dr El Hadji Abdourahmane Diouf, Minister of Energy and Petroleum, and Cheikh Diba, Minister of Economy, Finance and Planning, under the theme “From commitments to results”.

Development partners pledged CFAF 181 billion (about US$320 million) for new electrification projects, and the private sector pledged CFAF 817 billion (about US$1.4 billion), against an estimated financing need of CFAF 400 billion (about US$700 million) for the localities not yet covered by an existing project.

"The roundtable exceeded its objectives by a wide margin,” said Dr. El Hadji Abdourahmane Diouf, Senegal’s Minister of Energy and Petroleum. “The challenge now is to translate these commitments into concrete actions to achieve universal electricity access by 2029.”

He added that the National Energy Compact now serves as an implementation framework to accelerate delivery, strengthen coordination and focus efforts on tangible results.

Senegal’s national electricity access rate stood at 86.2 per cent at the end of 2024, but only 69.8 per cent in rural areas. Of the country’s 25,725 localities, 12,683 are electrified and 6,571 are covered by projects already under way, leaving 6,471 – home to nearly one million people – still to be reached.”

According to the Senegal Energy Compact Implementation Support Document (CISD), the investment portfolio to close the gap includes the extension of medium- and low-voltage electricity networks to approximately 3,978 localities, the deployment of solar mini-grids in 844 localities, and the installation of stand-alone solar systems in 1,649 localities. The programme also provides for the installation of 27,000 household biodigesters, as well as investments aimed at improving the performance of Senelec, the country’s national electricity company.”

Earlier, on 7 October, the Government and the Compact Delivery Unit reviewed ways to strengthen the implementation and monitoring of the National Energy Compact. The review was facilitated by Sustainable Energy for All (SEforALL), with support from the African Development Bank Group’s Africa Energy Sector Technical Assistance Program (AESTAP), which is financed by the Sustainable Energy Fund for Africa (SEFA).”

The session also assessed progress on actions and commitments arising from the roundtable discussions, and concluded with agreement on five priorities for the next twelve months:”

• Finalize and operationalize the Integrated Least-Cost Plan (ILCP);
• Implement the National Clean Cooking Strategy 2025–2035;
• Strengthen private sector participation;
• Sustain electricity access monitoring tools and data systems; and
• Improve project and commitment tracking, stakeholder coordination, and the resolution of implementation bottlenecks.

Wale Shonibare, Director of Energy Financial Solutions, Policy and Regulation at the African Development Bank Group, said “Senegal has set itself a clear ambition: to achieve universal access to electricity by 2029. The African Development Bank Group is committed to supporting this ambition through financing, technical expertise, and technical assistance instruments. The priority now is to connect reforms, project preparation, resource mobilisation, implementation, and results monitoring into one delivery chain, so that commitments become tangible outcomes for the population.”

The Senegal workshop is the fourth in the series, following editions in Kenya, Ghana and Côte d’Ivoire, with two more planned, in Botswana and Sierra Leone.

4 November 2026: The Board of Directors of the African Development Bank Group has approved a $60 million loan to the United Republic of Tanzania to strengthen the capital base of the Tanzania Agricultural Development Bank (TADB), under the third phase of the TADB Equity Enhancement Project.

The loan, approved on 21 October 2026, will be channelled through Tanzania’s Ministry of Finance and the Office of the Treasury Registrar and invested as equity in TADB. It forms part of a $120 million initiative, with the Government of Tanzania contributing an additional $60 million through the capitalisation of eligible retained earnings.

Agriculture employs approximately 65% of Tanzania’s workforce and generates about a quarter of its economic output yet receives only around 12% of private sector credit. Despite the sector’s importance, challenges such as perceived risk, short loan tenors, weak collateral and scarce long-term funding have left an estimated annual financing gap of $1.5 billion, with women and young people hardest hit.

The new capital will allow TADB to lend at greater scale and for longer tenors, both directly and through wholesale lending and co-financing with partner financial institutions and commercial banks.

“Agriculture is not only about producing food. It is about creating jobs, building businesses and improving livelihoods for millions of Tanzanians,” said Ahmed Attout, Director of the Financial Sector Development Department at the African Development Bank. “By strengthening TADB, we are putting more capital within reach of farmers and entrepreneurs who can transform the country’s economy.”

The Tanzania Agricultural Development Bank Phase III Project places women and young entrepreneurs at its centre. At least 30 per cent of the jobs supported are expected to benefit women, with another 30 per cent targeting young people. By 2030, TADB aims to increase financing for women-owned enterprises to 30 per cent of its portfolio, and financing for youth-led businesses to 20 per cent.

The funding will also increase climate-smart lending for efficient irrigation, renewable energy, improved storage, and technologies that reduce crop losses. Climate-smart agricultural loans such as these are expected to account for 12 per cent of TADB's portfolio by 2030, up from 3 per cent in 2025.

Frank Nyabundege, TADB Managing Director, said:

“Agriculture remains the backbone of Tanzania’s economy and sustaining millions of livelihoods. This capital strengthens TADB’s capacity to deepen its impact and expand access to inclusive and sustainable financing for farmers and agribusinesses across the country. In doing so, this valuable support reinforces TADB’s role as a strategic development partner in advancing Tanzania’s long-term national aspirations under Dira 2050, propelling agricultural transformation and inclusive economic growth in Tanzania.”

This third phase of the TADB project builds on earlier Bank Group support that has helped the bank expand agricultural lending and reach underserved communities. The initiative supports Tanzania’s Development Vision (Dira) 2050 and the African Development Bank Group’s Four Cardinal Points strategic vision, which commits it to expanding access to capital, creating jobs and strengthening climate-resilient agricultural systems.

2 November 2026: The African Development Bank Group and Dandara Solar Power S.A.E, a Special Purpose Vehicle owned by Scatec and its partners have signed a financing agreement worth $66 million for the first phase of the Dandara project, combining 500 MW of solar power with a 100-MWh battery storage system in Qena Governorate, southern Egypt.

The Bank Group’s Board of Directors approved the project in July 2026. The financing comprises $46 million sourced from ordinary Bank Group resources and $20 million in concessional funding from the Climate Investment Funds’ Clean Technology Fund (CTF). An additional $151 million in debt financing will be mobilised from a consortium of development finance institutions. The funds will support the design, construction, operation, and maintenance of a photovoltaic power plant with an integrated battery energy storage system (BESS).

The project is expected to be fully operational at the beginning of 2028 and will generate an estimated 1,373 gigawatt-hours of clean, reliable, and cost-effective electricity annually.

The Aluminium Company of Egypt (EgyptAlum) — one of Africa’s largest aluminium producers — will be the sole off-taker under a 25-year Power Purchase Agreement (PPA), supported by the Egyptian Electricity Transmission Company (EETC), which provides for the transmission of power from the solar plant to the aluminium plant.

The BESS will supply renewable power during peak evening demand while mitigating the variability of solar generation.

Dr Kevin Kariuki, African Development Bank Vice President for Power, Energy, Climate, and Green Growth, said, “ By integrating large-scale solar power and battery storage into one of Egypt’s most energy-intensive industries, this investment demonstrates how renewable energy can strengthen industrial competitiveness, reduce carbon emissions, and help African manufacturers respond to evolving international market requirements, including addressing constraints imposed by the European Union's Carbon Border Adjustment Mechanism (CBAM).”

The project is expected to reduce annual carbon dioxide emissions by roughly half a million tonnes and create about 2,500 jobs during construction and 23 permanent roles during operation, with a special focus on women and youth employment.

It is aligned with the Bank Group’s Ten-Year Strategy 2024-2033, its Four Cardinal Points strategic vision, and its Country Strategy Paper for Egypt, which aims to increase and sustain access to sustainable energy sources across Africa by catalysing commercial capital mobilisation in the energy sector.

28 October 2026: The African Development Bank Group and the Government of Uganda, through the Ministry of Energy and Mineral Development, launched the Uganda National Energy Compact at the 11th Africa Energy Market Place (AEMP) in Kampala on 22 October 2026.

The energy compacts are comprehensive documents outlining data-driven targets, policy measures, and resource commitments by African governments, all aimed at achieving the overall objective of Mission 300 – an African Development Bank Group and World Bank Group joint endeavour to connect 300 million additional Africans to energy by 2030.

During the two-day forum, which took place from 21 to 22 October at the Kampala Serena Hotel under the theme “From Mission 300 to Vision 2040: Delivering Uganda’s Energy Ambition”, stakeholders discussed the priority projects, reforms and financing needed to deliver the Uganda compact as part of Mission 300. Participants produced a Uganda Energy Access Investment Brief aligned with Mission 300. They agreed on the Category A projects that should be operational by the end of 2030, and the Category B projects that should reach financial close within the same timeframe, laying the groundwork for the transformation set out in Uganda’s Vision 2040. They also outlined policy and regulatory reform recommendations with implementation timelines, and agreed to establish a Compact Delivery and Monitoring Unit within the Ministry of Energy and Mineral Development as the Government’s mechanism for implementation and accountability.

Robinah Nabbanja, Prime Minister of Uganda, provided opening remarks as she formally launched the compact calling it long overdue and urging private sector actors to actively contribute to Uganda’s energy transformation.

“The value of energy investments is seen in the opportunities it creates for our people — reliable electricity that makes irrigation, processing and cold storage possible for a farmer.”

The forum brought together ministers, utility chief executives, the Electricity Regulatory Authority, development partners and private investors. Ugandan Ministers of Energy, Finance, Agriculture, Science, Technology and Innovation, and Water and Environment featured in an interministerial panel discussion backing the compact as a government priority agenda.

“Uganda has never lacked ambition,” said Monica Masanza, Uganda’s Minister of Energy and Mineral Development during her keynote address. “This compact adds a delivery plan with dates, owners and financing behind it. This forum has given us what we asked for: our partners, our utilities, our regulators and our investors around one table, agreeing how to move together. Uganda is ready to deliver.”

“Uganda has done what every compact is meant to do, matching a bold national vision with a delivery plan that partners and investors can finance today,” said Kevin Kariuki, the African Development Bank Group’s Vice President for Power, Energy, Climate and Green Growth. “With its large renewable energy potential, most of which is untapped and of baseload character, as well as planned reforms, including those supporting independent transmission projects, Uganda’s centrality in power trading in the East African Power Pool could be cemented soon.”

Uganda’s energy compact targets 85 percent electricity access, 50 percent access to clean cooking, around 2,500 MW of operational capacity with a further 5,800 MW at financial close for commissioning after 2030, 2,712 mini-grids and regional energy exports of 500 to 650 MW by 2030. The compact also aims to mobilise $17.7 billion investments, including marshalling $9.4 billion in private capital over the period.

“The Africa Energy Market Place exists to build the enabling environment for private capital: the reforms, the instruments and the institutional clarity that let investors commit, and Kampala showed all three,” said Wale Shonibare, Director for Energy Financial Solutions, Policy and Regulation at the Bank Group.

He lauded the government for “owning its reform agenda” and aligning partners behind a single roadmap to ensure rapid implementation.

The Uganda Energy Compact was first presented at the Africa Energy Forum in June 2026, as part of the third cohort of Mission 300 countries. The Africa Energy Market Place now follows as the first formal consultation on how the compact will be delivered. The first semi-annual progress report of the Compact Delivery and Monitoring Unit is due December 2026.

26 October 2026: itel Energy launched the Power Tank 1000 all-in-one backup power unit and the IP54 11kW Hybrid Inverter, the latest additions to a portfolio spanning residential energy storage, commercial and industrial energy storage, solar and integrated energy solutions proof of a mission that has always been simple: bring the energy every Nigerian needs, and back it with service that shows up. Every launch comes with a 48-hour Aftersale Service resolution commitment, door-to-door service that comes to your home or shop, 5 flagship service centers, and over 150 service centers across more than 60 cities. Anyone can sell you a product. Very few will show up at your gate when it fails.

Nigerians know the sound of the problem too well the generator that coughs to life at 7pm, the fuel money that disappears faster than it arrives, the freezer defrosting during a long outage, the shop that closes early because the light didn’t come. That reality is what itel Energy builds for, at every scale. When Mrs. Zainab Shogbesan, 42, moved to a neighborhood with unreliable power, daily family life became challenging. She chose an itel Energy 6kW inverter, 5kWh battery and solar panels, giving her control over her power. Meanwhile, Sinomart, Ogun State, installed four 8kW inverters with a 16kWh battery to keep essential retail operations running. Different needs, same promise: reliable power and dependable support.

Power Tank 1000 is built for homes without air conditioners and small businesses such as barbing salons and tailoring shops everyday spaces where power needs are real but not industrial. It answers simply: battery, inverter and charging system in one unit, no complex installation, no technician, no wiring drama. It doubles the original PowerTank to 1000W output and 2000Wh capacity, running lights, fans, TV, internet, phones, computers and everyday appliances at home, or printing, phone repair and pharmacy refrigeration(eg Insulins) in business and can run for upto 8 hours or more on a full charge depending on load. Its lithium iron phosphate cells last up to 8,000 cycles, it accepts 1200W solar input and charges fully in as little as 2.5 hours, switches over in ≤20ms so devices barely blink, handles Nigeria’s unstable grid with 90–280V input voltage, and runs below 45dB quieter than the conversation in the room.

The IPV-11K48T is built for larger households running multiple major appliances at once homes with air conditioning, double-door refrigerator, washing machine, air fryer and similar high-draw equipment as well as growing businesses ready to stop renting power and start generating it. It takes the proven IP54 Series from 8kW to 11kW, accepting up to 16.5kwp of PV input with 30A/20A dual MPPT, so every hour of Nigerian sunshine works harder for you. High-current battery charging refills storage fast when grid power appears, 73A bypass keeps heavy loads running while the battery charges, and parallel operation of up to 12 units to cater for more additional load requirements. Built for comfort as much as performance, the IP54 enclosure, three-layer thermal design and removable dust filter keep the unit running cool and stable through dust, heat and long hours of operation, while low-noise operation means it works without disrupting the home or workspace around it and it comes with a 3-year warranty.

“Reliable energy should not be a luxury in Nigeria,” said Farah Huang, Global Marketing Lead at itel Energy. “With Power Tank 1000 and the IPV IP54 11KW Hybrid Inverter, we are giving people more power, longer runtime and more control over their own electricity and behind every unit is a service network that treats a fault as our problem, not the customer’s. That is the difference we are willing to be judged on.”

23 October 2026: The Board of Directors of the African Development Bank Group has approved a US$503.75 million (6.62 billion Botswana pula) loan to enable Botswana to cushion the impact of the global energy shock and support structural reforms for private sector-led economic growth and job creation, particularly for women and youth. One of the Bank’s largest operations in the country, the financing is designed to deliver tangible benefits to households.

Through the Economic Competitiveness and Transformation Support Program (ECTSP), the loan will fund fiscal and private sector reforms, aiming to lift non-mining tax value to 11.8 per cent of GDP for 2027/28, raise private investment to 30 per cent by 2028, and expand support for micro, small and medium-sized enterprises (MSMEs) and job creation.

The approval supports the government’s ongoing efforts to mitigate the impact of the Middle East conflict on the cost of living across Botswana. A prolonged downturn in the natural diamond market—which accounts for about 30 per cent of GDP and nearly 80 per cent of exports—contributed to economic contractions of 2.8 per cent in 2024 and 0.7 per cent in 2025. The Middle East crisis has increased the energy bill and contributed to economic contraction.

“Botswana has clearly defined its priorities in National Development Plan 12 and Botswana’s Transformation Programme. Our role is to help finance the adjustment, while protecting those least able to bear its costs,” said Moono Mupotola, the African Development Bank’s Deputy Director General for Southern Africa and Country Manager.

In August 2025, payment arrears to suppliers of medicines and medical equipment contributed to a public health emergency. Unemployment stands at 21 per cent overall and 28.9 per cent among young people, 37 per cent of whom are not in education, employment or training.

“These are time-bound, measurable reforms, each supported by technical assistance to ensure delivery. Adoption alone is not our goal; implementation is,” said Abdoulaye Coulibaly, the African Development Bank Group’s Director for Governance and Economic Reforms.

What the operation will change and who will benefit

The programme supports a directive the President of Botswana issued on 6 April 2026, suspending fuel, road, and security-of-supply levies for six months. This measure limits the increase for motorists to about P0.58 per litre and is expected to reduce inflation by 1.6 percentage points, easing pressure on transport fares and household food costs nationwide.

In parallel, supplementary monthly payments are being provided for three months to old-age pensioners, disability grant recipients, destitute cash beneficiaries, and home-based care patients. The support will reach an estimated 279,000 older and other vulnerable people, including households least able to absorb a sudden rise in prices.

Over the medium term, the reforms aim to expand access to energy, assets, and economic opportunities. A fully costed National Electrification Action Plan will advance implementation of Mission 300’s National Energy Compact for Botswana, which seeks to lift household electricity access from 79.5 per cent in 2025/26 to universal access by 2030. Connecting more homes requires additional power supply. The country will therefore hold at least one competitive renewable energy auction, inviting private developers to build new solar and wind capacity.

Separately, expanding the Francistown fuel depot from 38 million to 98 million litres will strengthen the security of fuel supply.

Land administration reform is expected to give 4,300 more families secure titles within a year, raising the national total from 19,682 to about 24,000 and allowing land to be used as collateral. The programme targets 3,292 active MSMEs and 3,935 direct jobs by 2027/28, with women-owned firms accounting for 93 per cent of supported enterprises and the youth share of jobs created rising from 15 to 20 per cent.

Full implementation of e-procurement is expected to cut procurement costs by 5 to 15 per cent, freeing resources for frontline services. Together, these measures contribute to broader efforts to unlock the Botswana Economic Transformation Programme’s pipeline of 186 projects valued at Botswana pula 514 billion, with a long-term goal of creating 512,000 jobs by 2036.

The operation is the first phase of a two-year programmatic series for 2026/27 and 2027/28. Co-financed by the OPEC Fund with US$170 million, it builds on earlier Bank support to Botswana in 2025, under which VAT collections rose by 15.5 per cent to 14.397 billion pula, and the country’s business regulatory environment score reached 4.8 out of 6, above the 4.7 target.

22 October 2026: The Board of Directors of the African Development Bank Group has approved, USD 487 million in funding for Morocco to advance economic reforms, strengthen climate resilience and support more inclusive growth. The approval was made on October 21.

As part of its third phase, the Programme to Support the Strengthening of Economic Governance and Resilience to Climate Change (PGRCC-Phase III) aims to strengthen the role of the private sector as a driver of investment and value creation, whilst refocusing the state on its strategic functions.

“Our ambition is to help cushion exogenous shocks, whether economic, energy-related or climate-related. It is also to consolidate the structural reforms necessary to sustainably strengthen the resilience of the Moroccan economy and to promote private investment,” said Abdoulaye Coulibaly, Director for Governance and Economic Reforms at the African Development Bank Group.

This operation forms part of the Bank Group’s strategic vision, underpinned by its Four Cardinal Points, and aligns with the Kingdom’s strategic priorities of accelerating the transformation of the economy and sustainably strengthening its resilience.

“Morocco has chosen to take action by continuing its reforms despite external shocks,” emphasised Achraf Tarsim, the Bank Group’s Country Manager in Morocco. “Our aim is to support this vital momentum to accelerate the transformation of the economy, sustain growth and create more jobs.”

The first part of the funding will focus on optimising the channels for public action. In particular, it will support the restructuring of the portfolio of public enterprises, the modernisation of the public-private partnership framework and the improvement of the business climate. The aim is to create the conditions for increased mobilisation of private investment, in particular by supporting small and medium-sized enterprises, innovation and integration into global value chains.

A second component will strengthen the Kingdom’s climate and energy resilience through the modernisation of water and electricity sector governance and better integration of climate issues into public policy. It will thus help to accelerate the low-carbon transition.

This third phase of the programme will help to consolidate reforms undertaken during the previous phases, while supporting Morocco cope with the effects of the crisis in the Middle East, reflected in particular in rising energy and transport costs.

The operation forms part of the African Development Bank Group’s Global Energy and Fertiliser Crisis Response Framework (GEFCRF), and combines a counter-cyclical response with resilience-building. This is expected to help preserve fiscal space and priority spending, whilst maintaining the momentum of reforms and investment.

Since 1978, the African Development Bank Group has mobilised nearly €15 billion for more than 150 projects in Morocco, in key sectors such as transport, energy, water and sanitation, agriculture and social protection.

21 October 2026: The Board of Directors of the African Development Bank Group approved a loan of US$144.34 million (80 billion CFA francs) to Niger on 21 October 2026 in Abidjan to implement the second phase of the Programme to Support Energy Sector Governance and Competitiveness (PAGSEC-II).

The Bank Group’s support comprises a loan of US$123.72 million from its concessional window, the African Development Fund (ADF), and a further loan of US$20.62 million from the Transition Support Facility (TSF), its financing mechanism for member countries in transition.

“Following on from the first phase of the Programme, which produced satisfactory results, this second phase will aim to support Niger’s economic competitiveness and its resilience to multiple shocks,” emphasised Mamadou Tangara, head of the Bank Group’s country office for Niger. “It will focus on improving access to energy, promoting the private sector, strengthening the fiscal framework and ensuring that policies take better account of vulnerable groups.”

In the energy sector, Niger has adopted its National Energy Compact Document as part of the M300 Initiative, which the country has joined, and established a national unit to monitor its implementation. The Programme has also enabled Niger to update its national energy policy and establish an inclusive consultation framework to develop a sustainability plan for the energy sector. The country now has a fully functional energy information system, and a plan for low-cost electricity generation has been drawn up. The authorities have also adopted the Charter for Micro, Small and Medium-sized Enterprises, revised the institutional framework for administering the Investment Code, approved the action plan for the National Framework for Public-Private Dialogue, and confirmed the legal status of Niamey’s second industrial zone – a significant step towards making it operational and attracting private investors.

The government has re-established the main public finance oversight bodies that had been suspended or rendered inoperative following the events of July 2023. The Court of Auditors and the Public Procurement Regulatory Authority (ARCOP) are now fully operational.

The second phase of the programme will build on these advances to strengthen energy sector governance, particularly through implementation of the new Electricity Code, whose adoption was supported by the Programme. The Bank will support the Nigerien government in adopting implementing decrees, including the regulatory framework for decentralised rural electrification (mini-grids and off-grid systems), and establishing a body to promote renewable energy.

To improve the business environment, promote the industrial sector and foster youth entrepreneurship, the programme will support the continued clearance of domestic arrears in accordance with the clearance plan. It will also support the operationalisation of APAPEC-NIGER, an agency promoting community shareholding for community-based entrepreneurship. The agency’s main remit will be to foster an entrepreneurial spirit within communities and advance industrialisation in strategic economic sectors.

Finally, the Programme will continue its dialogue with the authorities on the strengthening of the fiduciary framework and social issues, namely people’s access to water and sanitation, as well as support for victims of disasters and insecurity.

15 October 2026: On 07 October 2026 in Abidjan, the Board of Directors of the African Development Bank Group approved a guarantee facility of US$8 million for Exim Bank Djibouti to finance trade for large enterprises and local SMEs.

The transaction guarantee will help accelerate the industrialisation process in the Republic of Djibouti, notably by supporting the import of inputs, production machinery and telecommunications equipment necessary for the development of the country’s industrial sector. The operation targets the green energy and manufacturing sectors and will have a direct impact on food and nutritional security by facilitating imports of essential goods for the benefit of the population.

“This facility will enable the Bank to provide up to 100 per cent guarantees to confirming banks to facilitate the confirmation of letters of credit and other similar trade finance instruments issued by Exim Bank Djibouti for the benefit of large local enterprises and small and medium-sized enterprises,” said Lamin Drammeh, Head of the Trade Finance Division at the African Development Bank.

This trade support initiative will enable more effective support for many businesses within Djibouti’s economic landscape, whilst contributing to the development of the green energy sector and the manufacturing industry. It is fully aligned with the Bank’s 2023–2027 Country Strategy Paper for Djibouti focus area on the development of socio-economic infrastructure in the energy and transport sectors.

Jacky Kayiteshonga, Managing Director of Exim Bank Djibouti, welcomed this collaboration with the Bank Group, which builds on the existing partnership with the parent company, Exim Bank Tanzania. “This partnership is in line with the Exim Group’s strategy, of which financing international trade is one of the main pillars of our intervention strategy in East Africa,” she said.

The five-year facility will benefit large local enterprises and SMEs, including those led by women, targeting projects that are least vulnerable to climate risks and with minimal impact on greenhouse gas emissions.

13 October 2026: Felicitysolar participated in the 32nd Uganda International Trade Fair (UMA Show), held from October 2 to 11 at the UMA Show Grounds in Lugogo, Kampala. Together with its local distributor, JBR FELICITY POWER SYSTEMS UGANDA LTD, Felicitysolar presented its solar and energy storage solutions and engaged with industry professionals, installers, consumers, and potential business partners. The event helped strengthen local partnerships and deepen Felicitysolar’s engagement with Uganda’s renewable energy market.

Showcasing Solar and Energy Storage Solutions

At the exhibition, Felicitysolar showcased its residential and commercial & industrial (C&I) energy storage solutions, demonstrating its capabilities in meeting diverse energy needs across different applications.

Designed for both residential and commercial users, these solutions support household electricity needs, backup power, and commercial and industrial energy demands, reflecting Felicitysolar's commitment to reliable, flexible, and sustainable energy solutions.

The exhibition also highlighted the practical benefits of solar and energy storage technologies, including:

• Reliable Power Supply: Helping households and businesses meet their electricity needs, particularly in areas affected by unstable supply or outages.
• Energy Cost Management: Enabling users to make better use of solar energy and reduce dependence on conventional grid electricity.
• Clean Energy Adoption: Encouraging wider use of renewable sources and more sustainable energy practices.
• Local Support: Working with local distribution partners to support product availability and provide after-sales technical support.

Through its participation, Felicitysolar engaged with the local market and reinforced its commitment to working with partners to support Uganda’s evolving energy needs.

Strengthening Local Partnerships and Market Engagement

The exhibition brought Felicitysolar into direct contact with local consumers, installers, and potential business partners.During the event, the Chinese Ambassador to Uganda visited the Felicitysolar booth and posed for a group photo with the on-site team, marking a notable moment during the exhibition.

Felicitysolar’s local distributor, JBR FELICITY POWER SYSTEMS UGANDA LTD, supported the company’s participation by coordinating booth setup and on-site activities. Felicitysolar provided brand and marketing support.Through this collaboration, both parties engaged with local consumers, installers, and potential business partners, further developing connections and supporting Felicitysolar’s continued market engagement in Uganda.

Marking Uganda’s Independence Day with a Message of Sustainability

Coinciding with Uganda's 64th Independence Day on October 9, the exhibition also provided an opportunity for Felicitysolar and its local partner to share a message about energy development and sustainability.

The local distributor produced a brand video featuring themes of national development, energy needs, environmental protection, and solar energy applications. The video highlighted the role of reliable energy in supporting households, businesses, and economic growth, while emphasizing solar power as a clean and renewable energy source.

Felicitysolar remains committed to working with local partners to support the energy needs of households and businesses and contribute to a more sustainable energy future in Uganda.

Looking Ahead

Felicitysolar will continue to strengthen its partnerships in Uganda and across East Africa, combining its product capabilities with local distribution and service networks. Through this continued collaboration, the company aims to support the wider adoption of solar and energy storage solutions and meet the region’s evolving energy needs.

13 October 2026: The projects align with Egypt’s goal of increasing the share of renewable energy in its electricity mix to more than 42% by 2030. With solar and wind generation expanding, utility-scale battery storage will play an increasingly important role in balancing supply and demand, maintaining grid stability and enabling higher levels of renewable energy integration.

For both projects, Sineng is supplying 12 MW MV turnkey stations incorporating its 1.6 MW central PCS. Equipped with the company’s next-generation grid-forming technology, the solutions provide reliable power conversion and advanced grid support to meet each project’s technical and operational requirements.

Sineng has tailored its solutions to the distinct environmental conditions at each site. In Aswan’s desert region, Nefertiti requires robust thermal management and protection against sand and dust to withstand high temperatures and harsh operating conditions. At Horus, near the Red Sea coast, multiple layers of protection help safeguard equipment against high humidity and salt spray.

Both projects specified grid-forming operation and plant-level black-start capability as core requirements from the initial planning and design stages. With its expertise in grid-forming control algorithms and experience in black-start commissioning on projects worldwide, Sineng has worked closely with the project owner and EPC contractors to develop system-level implementation plans for these functions.

Once commissioned, the facilities are expected to provide peak shaving, frequency regulation and renewable generation smoothing, strengthening the flexibility of Egypt’s electricity system. Grid-forming controls will support voltage and frequency stability, while black-start capabilities will assist power system restoration following outages. Together, these functions will support greater renewable energy integration and improve the grid’s resilience to disturbances.

The shipment strengthens Sineng’s presence in the energy markets of the Middle East and Africa. With established regional project experience, supply chain capabilities and a local service network, the company will support the delivery of Nefertiti and Horus and provide technical assistance throughout their operating lifecycles.

Through these projects, Sineng is advancing the deployment of grid-forming energy storage to support Egypt’s growing need for flexible, resilient power infrastructure.

12 October 2026: The African Development Bank Group and Family Bank Limited have signed a USD 10 million Trade Finance Line of Credit to expand Kenyan businesses’ access to foreign-currency financing.

The facility will enable Family Bank to provide trade financing to eligible small and medium-sized enterprises and local corporates in the manufacturing, agriculture, health and renewable energy sectors, as well as women-owned enterprises.

The facility will help eligible businesses to finance imports, obtain productive inputs and participate more effectively in domestic, regional and international value chains.

The partnership will also contribute to the diversification of Kenya’s productive capacity and support intra-African trade under the African Continental Free Trade Area.

During a signing ceremony held at the Bank Group’s East Africa regional office, on 02 October, Bank Group East Africa Director General, Alex Mubiru, described trade finance as a quiet engine of economic activity and said,

“A line of credit becomes meaningful only when it becomes a line of opportunity for a business. Through Family Bank’s local reach, we expect this facility to support enterprises that are producing, trading, creating jobs and strengthening Kenya’s value chains.”

Family Bank Limited’s CEO Nancy Njau said the facility would advance its 2025-2029 strategy to expand access to tailored financing for business, including women-owned and women-led MSMEs.

“This facility strengthens our capacity to scale up lending to MSMEs, which form over 80% of our customer base, while addressing financing gaps that continue to constrain business growth. As a Bank, we are committed to ensuring that this financing translates into tangible opportunities for businesses and contributes meaningfully to inclusive economic growth,” Njau said.

According to the Bank Group’s 2025 Trade Finance Report, the trade finance gap was estimated to be as much as USD 92 billion in 2024. SMEs are among the businesses most affected by the shortfall.

9 October 2026: The African Development Bank Group and the International Monetary Fund (IMF) met in Bamako this week to discuss Mali’s macroeconomic outlook and the investment the country needs to transform its economy.

The discussions also covered the Bank’s new five-year (2026-2031) Country Strategy Paper, which aims to mobilise $800 million to support the West Africa nation’s development priorities.

The meeting took place on Tuesday at the Bank Group’s office in Mali. In attendance were Country Manager Cédric Achille Mbeng Mezui and the IMF Mission Chief for Mali, Ivohasina Fizara Razafimahefa, who led a delegation of the Fund on a courtesy visit.

The two institutions shared their assessments of Mali’s economy and their engagement with the stakeholders in the country. They also discussed the government’s investment priorities and the reforms that could support long-term structural change.

The Bank’s 2026-2031 Country Strategy Paper for Mali, approved in April 2026, prioritises the development of resilient infrastructure in agriculture, transport, and energy. It aims to mobilise $800 million by 2031 from the Bank’s resources and co-financing partners to help fund the country’s 2024-2033 National Strategy for Emergence and Sustainable Development (SNEDD). “The new Country Strategy Paper provides us with a framework to mobilise more financing, develop resilient infrastructure and deepen our engagement with the private sector,” Mbeng Mezui said.Since beginning operations in Mali in 1974, the African Development Bank Group has approved about 117 projects worth about $4.3 billion. It currently has 15 active projects in Mali, 14 of them in the public sector, with total commitments of about $478 million.

The Bank Group’s prospective interventions are aligned with the priorities of the 2026-2031 CSP, particularly in energy, road transport, and skills development. The three-year 2026-2028 Indicative Operational Programme comprises five sovereign operations totalling $419.37 million, providing scope for further development of private-sector operations, with an emphasis on job creation for young people.

The Bank continues to identify promising projects in the financial sector. It has also established a formal consultation framework with the National Employers’ Council of Mali (CNPM) to strengthen dialogue with private-sector stakeholders.

The institution’s support also includes mobilising the Malian diaspora to contribute to the productive sector, notably through mapping the diaspora and identifying promising industries and value chains that could foster investment.

Razafimahefa said the meeting helped the IMF understand what development partners plan fund. “Close dialogue between partner institutions is important for maintaining a common understanding of the country’s economic challenges and supporting the priorities identified by the Malian authorities.”

The two institutions said they will continue to identify reforms that could support Mali’s structural transformation, in line with the Mali Kura 2063 Vision and the SNEDD.

9 October 2026: AIKO will supply its high-power ABC (All Back Contact) solar modules for three utility-scale solar projects in South Africa under an agreement with Infinity Power, the largest African pure-play renewable energy provider. The deal marks the partnership’s first project in South Africa，and pushes their combined project collaboration across Africa past the 2 GWp milestone.

Under the agreement, AIKO will provide high‑efficiency ABC 1,195,136 modules expected to generate more than 1,871 GWh of annual energy for the 773.5 MWp combined portfolio covering three large‑scale Infinity Power projects — Highveld, Onderstepoort Solar 1 (OS1) and Onderstepoort Solar 2 (OS2). Awarded under Bid Window 7 of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), the projects will operate under planned 20‑year power purchase agreements (PPAs) with Eskom and will be built under two EPC packages — Sterling and Wilson Renewable Energy on Highveld and PowerChina Guizhou Engineering on the OS1 and OS2.

Located in Mpumalanga, South Africa, once operational, the Highveld project will generate clean energy sufficient to power approximately 167,000 homes, while avoiding approximately 660,000 tonnes of CO₂ emissions annually. Onderstepoort Solar 1 and 2 located in the northwest, are expected to power approximately 289,000 homes and avoid more than 1.1 million tonnes of CO₂ emissions annually, bringing the Infinity Power portfolio’s total estimated annual CO₂ emissions avoided to approximately 1.7 million tonnes, based on public estimates.

Infinity Power was awarded 1.28 GW in solar capacity during this bidding round, the largest allocation among successful bidders in Bid Window 7. As the largest African pure-play renewable energy provider, the company develops, builds and operates large-scale solar and wind projects across the African continent.

Ahmed Zakaria, Director of EPC and Strategic Procurement at Infinity Power, said: “Our decision to partner with AIKO on our South African portfolio based on their capability to meet our technical requirements and reliable delivery commitment we have witnessed across our projects in Egypt. AIKO’s ABC technology delivers the efficiency and execution certainty required to deliver large‑scale projects under the REIPPPP framework, and we look forward to bringing full portfolio into commercial operation.”

AIKO’s ABC modules, AIKO-A645/650-GRH66Dw, were selected on the strength of both performance and execution. With the REIPPPP launched to tackle South Africa’s energy crisis, and tender tariffs falling with each successive round, project economics have become a decisive factor in module selection. The high power output of ABC modules reduces the total module count and balance-of-system (BOS) components such as mounting structures and cabling, lowering overall system costs and keeping projects economically competitive under the auction mechanism. In South Africa’s high-irradiance, high-temperature conditions, the modules’ superior temperature coefficient maintains more stable power output, lifting energy yield across the project’s full lifecycle, with efficiency reaching up to 24.1%. Low degradation rates (≤1% in the first year, and 0.35% annually from years 2 to 30) secure stable generation throughout the 20-year PPA term, enhancing long-term returns and project bankability. Full traceability across module production and delivery, together with a delivery schedule aligned to the two EPC packages, provides further certainty of execution across the three sites.

The agreement marks AIKO’s first collaboration with Infinity Power in South Africa and their third overall collaboration in Africa, following the 258.5 MWp Nefer Benban and 1.2 GWp Nefer Menya projects in Egypt. With cumulative cooperation now exceeding 2 GWp, the partnership continues to expand, underscoring a global benchmark developer’s sustained confidence in the efficiency and reliability of ABC technology, as well as its recognition of AIKO’s supply capabilities and product quality.

8 October 2026: The African Development Bank Group has reaffirmed its support for Somalia’s shift from aid dependence towards sustainable, private sector-led growth, backed by stronger domestic institutions and greater mobilisation of long-term development finance.

The Bank gave this assurance at the Somali Development Finance Forum, convened in Mogadishu on 19 September by the Somali Development and Reconstruction Bank (SDRB) under the theme, “Financing Somalia’s Next Chapter: From Recovery to Sustainable Development.” First created in 1968 and re-established in 2014, the Somali Development and Reconstruction Bank is Somalia’s national development finance institution.

Speaking during the opening session, the President of Somalia, Hassan Sheikh Mohamud said,

“The Federal Government of Somalia is committed to advancing development finance that takes a long-term view – creating sustainable markets, strengthening the private sector and directing investment toward the productive sectors that will drive Somalia’s future growth.”

Somalia’s Deputy Prime Minister, Salah Jama, argued that the country’s development finance transition requires building domestic capacity rather than simply seeking to replace aid. He outlined a financing model capable of mobilising sustainable public and private investment in sectors including agriculture, livestock, fisheries, renewable energy and small and medium-sized enterprises.

Speaking on a panel on strengthening Somalia’s development finance architecture, African Development Bank Director General for East Africa, Alex Mubiru, called for a more disciplined investment pipeline and greater use of risk-mitigation instruments to unlock private capital.

“Somalia’s sustainable development requires strong institutions that can mobilise long-term finance, attract private-sector investment, reduce perceived risks, and develop bankable investment pipelines that support job creation and lasting impact,” he said.

Mubiru also urged Somalia to focus its resources on a few high-potential value chains that can create jobs, strengthen local production and deliver lasting development impact.

SDRB enters a new era

During the Forum, the SDRB signed financing partnership agreements with Asal Microfinance, Maal Microfinance and Himilo Microfinance under its Ramad Microfinance Programme, to expand access to Sharia-compliant financing for micro, small and medium-sized enterprises and productive sectors.

President Mohamud said, “Today marks a historic moment. A public development bank in Somalia making its first investment is a clear sign of the progress our country is making in rebuilding its institutions and advancing its economic development.”

The African Development Bank Group’s participation in the Somali Development Finance Forum builds on its longstanding partnership with Somalia, and the priorities in its Country Strategy Paper 2025–2030.

These priorities aim to strengthen the foundations for productive investment, private-sector development, economic resilience, and employment. Strengthening institutions such as SDRB forms part of the broader effort to help Somalia build the financial architecture, investment pipelines and partnerships required to translate development finance into productive investment, jobs and sustainable economic growth.

6 October 2026: The African Development Bank Group and Exim Bank Tanzania Limited have signed on 28 September a $10 million trade finance transaction guarantee facility to boost trade finance activities in Tanzania.

The Bank Group will provide a guarantee of up to 100% to confirming banks against non-payment risks arising from letters of credit and similar trade finance instruments issued by Exim Bank Tanzania. The facility will support small and medium-sized enterprises (SMEs) and local corporates engaged in the import sector. The facility will advance efforts to bolster intra-Africa trade, contributing directly to the objectives of the African Continental Free Trade Area (AfCFTA).

The African Development Bank’s Transaction Guarantee is an unfunded instrument that provides up to 100% non-payment risk cover to Confirming Banks for trade finance transactions of eligible Africa-based Issuing Banks.

Speaking at a signing event held in Dar es Salaam, the Bank Group’s Country Manager for Tanzania, Mary Monyau, stressed the importance of the facility in addressing Tanzania’s trade finance needs, and reducing reliance on trade, agriculture, manufacturing, and energy imports.

“This facility is in line with the African Development Bank’s Cardinal Points on managing risk and mobilising capital, unlocking SME financing, as well as enhancing Africa’s regional integration and elevating its role in global markets,” she said. For Tanzania, it supports the implementation of Tanzania Vision 2050, which seeks to transform the country into an inclusive, climate-resilient, high-income, globally competitive economy by 2050.

Exim Bank Tanzania’s Chief Financial Officer Shani Kinswaga said,

“This partnership represents more than a financing arrangement; it strengthens the financial infrastructure required to support Tanzania’s growing trade ambitions. For Exim Bank, it provides an important opportunity to deepen our trade finance business while supporting Tanzanian businesses to participate more confidently in regional and international markets.”

He added that the value of the partnership between the two entities lies in the additional capacity and risk support it provides, enabling Exim Bank to pursue viable trade opportunities with greater confidence while maintaining disciplined risk management and sound credit standards.

The signing of the facility agreement is expected to benefit Tanzania’s private sector and also advances the Bank Group’s Tanzania Country Strategy Paper 2026-2031, which prioritises enhancing the private sector business environment for job creation.

5 October 2026: Located near Noupoort in the Northern Cape, the Mooi Plaats Solar PV Plant will supply renewable electricity to Anglo American’s mining operations in South Africa, including Kumba Iron Ore and De Beers as well as Valterra Platinum, supporting long-term decarbonisation and energy resilience objectives across the mining sector.

“The Northern Cape region presents harsh environmental and site conditions, including high wind exposure, elevated temperatures, dusty conditions, and demanding construction environments that place significant demands on tracker design and execution. Our Genius Tracker™ 1P system was selected to support reliable performance under these conditions while enabling efficient installation across a project of this scale. We appreciate the strong collaboration with CGGC, Envusa Energy, and the broader project team throughout execution of this important development,” said Vikas Bansal, CEO – International at GameChange Energy.

The project is expected to generate nearly 360 million kWh of renewable electricity annually while contributing to long-term reductions in Scope 2 emissions associated with mining operations. During construction, the project supported more than 1,600 jobs and included approximately R20 million in socio-economic development investment for surrounding communities.

“Mooi Plaats Solar PV Plant is a significant renewable energy infrastructure project both in terms of scale and execution complexity. Delivery of a project of this nature requires coordination across multiple stakeholders, technologies, and construction activities, and we appreciate the partnership with GameChange Energy throughout the tracker installation phase,” said Hanli Smit, Head of Execution, Envusa Energy.

30 September 2026: The Democratic Republic of the Congo (DRC) is taking steps to strengthen regulation of its electricity sector to improve the financial sustainability of utilities, attract investment and expand access to power.

The Electricity Sector Regulatory Authority (ARE) and the African Development Bank held a stakeholder workshop in Kinshasa from 21 to 25 September as part of the African Energy Sector Technical Assistance Programme (AESTAP).

The workshop brought together experts from the Ministry of Water Resources and Electricity, ARE, the National Electricity Company (SNEL), private operators and other public institutions to discuss three key reforms: determining the cost of electricity supply, harmonising tariff methodology and establishing a regulatory framework for electricity grid connections.

“Effective economic regulation is an essential foundation for attracting investment, strengthening the sector’s sustainability and improving the quality of electricity services,” said Callixte Kambanda, Head of the Energy Policy, Regulation and Statistics Division at the African Development Bank. “Through AESTAP, the African Development Bank is supporting the DRC in developing the tools and capacities needed to translate regulatory reforms into tangible results for the population.”

The tariff study covering SNEL’s operational area is designed to equip the regulator with tools to assess the actual costs of electricity services, changes in demand, and the revenues required by operators.

The study recommends gradually introducing a transparent and equitable tariff framework that protects household purchasing power whilst ensuring adequate returns to support investment in power generation, transmission and distribution infrastructure.

“This study provides us with essential tools to better understand the sector’s costs, changes in demand and the effects of pricing decisions,” said Soraya Aziz-Moto, Director-General of ARE. “It will contribute to more transparent and predictable regulation that is more focused on achieving balance within the sector, whilst taking consumers’ needs into account.”

Beyond tariff setting, the reforms aim to strengthen the sector’s financial viability and improve predictability for investors.

Cherif Mohamed, the African Development Bank’s Country Manager for the DRC, said the work goes beyond the technical issues of tariffs and grid connection. “It forms part of a broader discussion on how the Democratic Republic of the Congo can build a well-regulated, financially viable electricity sector capable of attracting the investment needed to extend electricity access across the entire country,” he said.

The study also highlights the distinctive structure of SNEL’s customer base. According to SNEL’s 2024 annual report, the company had nearly one million billed customers and sold about 10,000 gigawatt-hours of electricity annually, with most of the energy consumed by high-voltage customers.

Whilst low-voltage customers account for over 99 percent of SNEL’s portfolio, a small number of large industrial consumers account for the bulk of electricity consumption. This imbalance underscores the need for more reliable sector data to improve national energy demand forecasting.

The study recommends initially adopting a simple, operational tariff framework, with more sophisticated mechanisms introduced progressively as data quality and institutional capacity improve.

The reforms are part of Mission 300, a joint initiative by the African Development Bank Group and the World Bank Group to connect 300 million Africans to electricity by 2030.

25 September 2026: The Government of Botswana, through the Ministry of Minerals and Energy, with support from Sustainable Energy for All (SEforALL), launched two complementary national instruments designed to accelerate the country’s renewable energy development while unlocking new opportunities for clean technology manufacturing and investment. The launch event took place on the sidelines of New York City Climate Week and the UN General Assembly.

The Botswana National Renewable Energy Power Sector Plan and the Botswana Clean Technology Manufacturing Policy and Investment Guide provide a coordinated framework for Botswana to move from renewable energy ambition to implementation, strengthening the power sector while positioning the country to capture greater economic value from the clean energy transition.

The Botswana National Renewable Energy Power Sector Plan provides the analytical foundation for scaling renewable generation. It sets out scenarios, investment priorities and recommendations to guide the development of Botswana’s power sector towards its 2030 renewable energy target and beyond.

Complementing this, the Botswana Clean Technology Manufacturing Policy and Investment Guide looks beyond electricity generation to the wider industrial opportunity presented by the energy transition. It identifies opportunities to develop domestic value chains around solar photovoltaic (PV) manufacturing and related industries, while outlining the policy incentives, institutional support and investment-enabling measures available to attract and retain private capital. The Guide also places Botswana’s clean technology manufacturing ambitions within the broader regional market, highlighting opportunities arising from SADC, SACU and the African Continental Free Trade Area (AfCFTA) frameworks.

Together, the Plan and the Guide provide a coherent investment proposition: a pathway to expand renewable power while using that expansion as a platform for industrial development, job creation, value-chain growth and economic diversification.

Speaking at the launch, Hon. Bogolo Joy Kenewendo, Minister of Minerals and Energy, Republic of Botswana, said:

“Botswana is entering a new phase in its energy development, one in which renewable energy is central to strengthening our power system and creating new opportunities for investment, industrial development and economic diversification. These two instruments give us a practical roadmap to move from ambition to implementation, creating the policy clarity and investment opportunities needed to build a competitive renewable energy and clean technology sector in Botswana.”

Damilola Ogunbiyi, the CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All (SEforALL), said:

“Botswana has an opportunity to turn its renewable energy ambition into an engine for broader economic transformation, one that can drive investment, innovation and sustainable growth across sectors. We commend the Government of Botswana, and particularly the Ministry of Minerals and Energy, for its leadership. We are proud to have supported the development of these two important instruments.”

The launch comes at a critical moment for Botswana as it seeks to expand reliable and affordable electricity access while creating jobs and strengthening domestic industrial capacity. The two instruments therefore mark an important step towards a more integrated approach to the energy transition, linking renewable power deployment with industrial policy, investment mobilization and regional economic integration.

The Government of Botswana will work with public and private sector partners to support the implementation of the recommendations and help translate the identified opportunities into investments that contribute to Botswana’s long-term energy security, economic diversification and sustainable development.

24 September 2026: The Common Market for Eastern and Southern Africa (COMESA) and the Alliance for Renewable Electrification (ARE) have signed a Memorandum of Understanding (MoU) to strengthen cooperation on renewable electrification, investment and sustainable energy access across Eastern and Southern Africa.

The MoU was signed at ARE’s Green Industrialisation Days (GID) in Brussels, a gathering where public and private stakeholders share market intelligence, forge new partnerships and fast-track renewable energy projects that drive the green industrialisation of commercial and industrial (C&I) businesses in emerging markets.

The agreement brings together COMESA, a regional economic community of 21 African Member States with a combined population of more than 640 million, and ARE, the global industry platform for renewable electrification in Africa, Asia-Pacific and Latin America, which federates more than 170 renewable energy companies with a combined turnover exceeding EUR 58 billion.

At a time when countries across the region are seeking to expand reliable and affordable electricity access while strengthening energy security and responding to climate change, the MoU provides a framework for closer collaboration between public institutions and a united private sector.

Work under the MoU will focus on turning regional priorities into concrete opportunities on the ground. Together, COMESA and ARE will produce joint knowledge products, deliver training workshops and organise study tours, while systematically channelling private-sector input into policymaking to drive results at scale.

The two organisations will also work on project preparation and investment readiness, helping developers build scalable business models and bankable project pipelines, and will facilitate targeted matchmaking at industry events to catalyse new business relationships.

Finally, their knowledge exchange and convening activities will build on existing regional platforms, connecting an enabling policy environment with a stronger flow of investable projects and fostering sustained public-private dialogue.

“Energy is the backbone of regional integration and industrial development. Our Member States have set ambitious goals for electricity access and energy security, and meeting them will require the full engagement of the private sector. This MoU with ARE gives us a structured channel to bring industry expertise into our regional policy work and to mobilise the investment our region needs.”— Ambassador Dr. Mohamed Kadah – Assistant Secretary General Programs.

“Regional ambition needs private-sector delivery. By combining COMESA’s political leadership across the region with the collective strength of the private sector that ARE represents, we are bringing policymakers and industry to the same table, so that more projects reach financing and more people and businesses gain access to clean, reliable power.”— David Lecoque, CEO of ARE.