Inspiring Leadership & Sustainable Business Transformation in Africa
SIERRA LEONE – West African solar energy solutions provider, Easy Solar has secured a US$5 million local currency credit facility from the Energy Inclusion Facility’s Off-Grid Energy Access Fund (EIF OGEF). The credit facility provides primarily secured financing to support the growth of innovative off-grid energy companies. Managed by Lion’s Head Global Partners (LHGP), the fund is part of the…
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AFRICA – Solar Tyme, a US-based leading solar installation company is seeking to raise US$1.75 million for the construction of two renewable energy projects in Sierra Leone. The company intends to construct a 200 KW solar microgrid power plant in Kumala and a 50KW solar system power plant in Liro, with associated distribution lines and ancillaries. Local and state government…
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WEST AFRICA –African Development Bank Group has approved US$88.2 million in financing for the third phase of the Road Development and Transport Facilitation Programme for the Mano River Union. The Mano River Union is an international association initially established between Liberia and Sierra Leone in 1973 under the Mano River Declaration. The Mano River begins in the Guinea highlands and…
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AFRICA – Kyle Kelhofer has been appointed as the senior regional representative of 5 sub – Saharan countries by The International Finance Corporation (IFC). Kyle Kelhofer will oversee operations of IFC, the private sector arm of the World Bank, in Benin, Ghana, Liberia, Togo, and Sierra Leone. He succeeds Nigerian Ronke-Amoni Ogunsulire in this position and will be based in…
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SIERRA LEONE – Dutch development bank FMO, in partnership with TCX, has issued the first-ever synthetic Sierra Leonean Leone bond (SLL). The term synthetic refers to the fact that the bond is denominated in Sierra Leonean Leone, but the reconciliation of all cash flows is in USD. The bond with an equivalent US$7.5 million counter value (around 85 billion Sierra…
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SIERRA LEONE – Fleeti, a start-up incubated at Estia and specializing in fleet management in Africa, has raised US$1.1 million from Newfund, Groupe Clim, Janngo, SkalePark, Mapinvest, and business angels. This funding will allow the company to speed up the technological development of their solutions and expand its reach into new markets. Founded in July 2020 by Iban Olçomendy and…
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SIERRA LEONE – Macro-Eyes, a machine learning company increasing access to care, has received US$2.1 million in funding to expand the deployment of STRIATA in collaboration with the Ministry of Health and Sanitation (MoHS) in Sierra Leone and to expand into two additional countries. This additional funding will support two years of STRIATA deployment in Sierra Leone. Strategic rollout and…
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SIERRA LEONE – Mobile money company MFS Africa has entered Sierra Leone via a partnership with mobile network operator Africell’s mobile money business, Afrimoney. As a result of the partnership between MFS Africa and Afrimoney, users of mobile transfer operators that are connected to MFS Africa’s hub, including MoneyGram, World Remit and Xoom, will be able to send money to…
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SIERRA LEONE – Solar energy provider PowerGen Renewable Energy is commissioning mini-grids in four communities in Sierra Leone. With a total capacity of 150 kWp, the solar systems were installed in partnership with InfraCo Africa, a finance company of the Private Infrastructure Development Group (PIDG). The solar mini grids recently commissioned by solar energy provider PowerGen Renewable Energy are located…
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SIERRA LEONNE – Sunon Asogli Power Ghana Limited, Ghana’s biggest Independent Power Producer, has announced plans to expand to Sierra Leonne with a solar power plant in Freetown. The giant power producer is planning deploy toa 20MWp-50MWp [megawatt power] Solar PV in one year and another 160MW to be known as Benkongor Hydro plant in four years. According to Business…
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