AfDB has approved equity for Evolution Fund III
The African Development Bank (AfDB) has approved a US$20 million equity investment for Evolution III (EVIII), an Africa-focused energy and infra fund managed by Cape Town-based Inspired Evolution in Africa.
The US$400 million fund will mobilize renewable energy and resource-efficiency assets across sub-Saharan Africa (SSA) over a 10-year period. The main focus of EVIII is to widen the geographical and technological scope to include North Africa, numerous SSA nations, and decentralized energy business models for the energy transition and climate mitigation.
The Bank's support is expected to install 2,162 MW of renewable power generation capacity contributing to 1.8 million tons of CO2 emission savings, and green and sustainable growth across Africa by creating 2,480 full-time jobs.
Country updates
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September 13, 2022
EIB plans to invest in Evolution III fund
The European Investment Bank (EIB) has announced its intentions to invest EUR55 million (US$55 million) into Evolution III, an Africa-focused energy and infrastructure fund managed by Inspired Evoluti...
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September 06, 2022
Sentech to fund satellite PPP project
Sentech, a South African state-owned electronic communications network service provider, has invited private partners to join a US$300 million communications satellite public-private partnership...
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August 17, 2022
US DFC disburses US$83 Million for Africa Data Centres
U.S. International Development Finance Corporation (DFC) has announced the first disbursement of US$83 million of its US$300 million loan to Africa Data Centres, a network of interconnected data facil...
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August 09, 2022
TNPA seeks developer for port and rail infrastructure in Northern Cape Province
Transnet National Ports Authority (TNPA) has issued a Request for Qualification (RFQ) for the design, funding and construction of planned port and rail infrastructure in the Northern Cape Provinc...
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June 22, 2022
Construction progresses of Rolling stock fleet renewal PPP programme in South Africa
The Passenger Rail Agency of South Africa (PRASA) has announced progress on the modernization and rehabilitation of the passenger rail network. The Rolling Stock Fleet Renewal Programme (RSFRP)...
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