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
- From Cash to Smart Mobility: Why Algeria’s Transport Overhaul Must Go Digital
- Ivory Coast raises 66 billion CFA francs on the UMOA financial market
- Morocco: BCP Banking Group improves its net income
- Weego raises $1.1 million from Azur Innovation Fund to modernize access to public and private transportation
- Morocco Telecom adjusts its stock market strategy: towards a new share buyback program
- African Development Bank Group invests 6.5 million euros in Saviu II fund to support tech startups in West and Central Francophone Africa
- WAEMU: Banks achieve a total net profit of over 1,105 billion CFA francs in 2024
- Report: The Senegambia Bridge, a structure that has stitched West Africa back together
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