Independent power producer Globeleq, based in Cape Town, and its partner African Rainbow Energy have finalized the financing for the Red Sands project, a 153 MW / 612 MWh battery energy storage system (BESS) located in the Northern Cape province. The project secured financing of 5.4 billion rand (300 million USD), provided by Absa Bank…...
Trending
- Sanlam Allianz Re parts ways with its CEO
- Afreximbank: a rating between Asian AAA and Western BBB
- UMOA-Titres: Niger raises 10 billion CFA francs at an exorbitant rate of 9.99%
- The S&P 500 reaches historical highs awaiting Federal Reserve decisions
- Ethiopia: Coffee exports bring in $268 million in July despite a decrease in volumes
- Tunisia: BFPME reduces its losses, but remains in the red zone
- Zimbabwean holding ZB Financial doubles its half-year profits
- Nigerian stock market loses around 210 million USD in one session
South Africa: Globeleq closes financing for the largest battery energy storage project on the continent
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com