Connect with us
Anglostratits

Business

United Arab Emirates (UAE) Makes Play for African Renewables

Published

on

African Energy

Following a string of recent investments from UAE firms, the Invest in African Energy 2024 forum invites GCC investors and project developers to unlock Africa’s renewable energy potential

PARIS, France, December 19, 2023/APO Group/ — 

Home to 39% of global renewable energy potential, Africa’s green energy sector offers lucrative opportunities for foreign companies and developers looking to diversify their portfolios, in line with COP28 commitments. For the Middle East, the African continent offers Gulf countries the ability to establish themselves as renewable energy market leaders, while exercising technical expertise and generating returns on investment. 

Africa is only beginning to understand the full potential of its renewable energy resources. The African Development Bank estimates the continent’s solar capacity potential to be as high as 10 TW, hydroelectric potential to be 350 GW, and geothermal potential to be 15 GW. Yet as of 2022, total installed renewable capacity on the continent was just shy of 59 GW. At the upcoming Invest in African Energy (IAE) forum taking place in Paris on May 14–15, 2024, this untapped potential will be explored, with a view to connecting MENA, Europe and Africa’s energy players to advance energy security and climate diplomacy goals.

UAE Leads Investments

Last September, the UAE’s AMEA Power (https://apo-opa.co/3veNfd5) announced plans to construct a 1 GW green hydrogen project in Mombasa, Kenya, utilizing electricity generated from existing geothermal plants. The renewable energy company has also agreed to develop a 200 MW geothermal project in Uganda; a 300 MW wind farm in Ethiopia; and a solar and battery initiative in Djibouti. To advance a 1 GW green hydrogen initiative in Mauritania, AMEA Power signed two Memoranda of Understanding during COP28, targeting the development of a 100 MW solar photovoltaic (PV) plant and 100 MW wind farm.

Emirati state-owned renewable energy firm, Masdar, recently inked agreements to develop renewable projects in Uganda with a total capacity of approximately 1 GW

Emirati state-owned renewable energy firm, Masdar, recently inked agreements to develop renewable projects in Uganda with a total capacity of approximately 1 GW. In Angola, Masdar has signed agreements (https://apo-opa.co/3v43PMS) to develop 150 MW of solar projects in Quipungo, as part of its broader commitment to develop 2 GW of renewable capacity in the country.

Earlier this year, Infinity Power – a joint venture between Masdar and Egypt’s Infinity – acquired a 60% stake in independent power producer Lekela Power, which boasts over 1,300 MW of wind power assets across the African continent, including the 143 MW Khobab, 143 MW Kangnas and 143 MW Loeriesfontein wind farms in South Africa. The acquisition aligns with the company’s strategic interest in expanding its renewable footprint in Africa. Masdar is also pursuing a partnership with Africa50 to undertake floating solar PV projects in Mozambique, as well as developing 500 MW of renewable capacity in the Republic of the Congo.

Meanwhile, the UAE launched its Etihad 7 program at the start of this year, pledging to deliver clean energy to millions of Africans by 2035. Sultan Ahmed al-Jaber, COP 28 President-Designate and CEO of Abu Dhabi National Oil Company and Masdar, pledged $4.5 billion to aid African economies in accelerating their green transition, and urged developed nations to fulfill the $100 billion in annual green finance previously committed for developing countries. While the UAE has been leading renewable energy investment in Africa to date, Saudi Arabia, Qatar and other Gulf nations have stated their interests in accelerating project developments and participating in sustainable economic growth across the continent.

The IAE 2024 forum serves as a pivotal platform for connecting Gulf energy companies and developers with African resources. Taking place in Paris, the event serves as a strategic alignment of European and Middle Eastern energy interests (https://apo-opa.co/48qsYQ6), aimed at fostering mutually beneficial partnerships and unlocking new green energy finance. In alignment with global transition goals, investors can engage with opportunities for clean energy technologies and infrastructure and take advantage of the continent’s vast renewable resources.

Distributed by APO Group on behalf of Energy Capital & Power.

Business

Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

Published

on

Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

Continue Reading

Business

ORUN and 1xBET Partner to Support a Dynamic Creative Africa

Published

on

MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

Continue Reading

Business

MIR Holding Reaffirms Its Commitment to African Creative Industries Alongside ORUN at Marché des Arts du Spectacle Africain d’Abidjan (MASA) 2026

Published

on

MIR Holding

More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –On the occasion of MASA 2026, held from April 11 to 18 in Abidjan, MIR Holding (https://MIRHolding.odoo.com) reaffirmed its commitment to supporting the growth of African creative industries by partnering with ORUN as part of the Innovation Village, hosted at the Palais de la Culture in Abidjan. This presence reflects a clear intention to support the scaling of cultural and creative industries so they can fully contribute to job creation and value generation across the continent.

 

Co-organized by ORUN and MASA, the Innovation Village brought together over several days scenography designed by Ivorian artisans, a program of panels and masterclasses dedicated to creative industries, an immersive experience produced by Orun Studios, and a key institutional highlight on April 17.

At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains

Built around three pillars — memory, structure, and transmission — the initiative carried a renewed ambition for culture: positioning it as a concrete lever for economic structuring and African projection.

By supporting this initiative, MIR Holding aligns with a broader dynamic aimed at strengthening connections between creation, entrepreneurship, content, youth, and growth ecosystems. More than event support, this partnership reflects a commitment to backing platforms capable of structuring value chains, increasing the visibility of talent, and fostering the emergence of strong African creative infrastructures. MIR Holding stands among the main partners of the Village, alongside Africa Currency Network and other stakeholders engaged in this vision.

“With ORUN, we are not only seeking to make culture visible. We aim to help provide it with a framework, a reach, and a trajectory. What is at stake here is the continent’s ability to better transform its creative energy into sustainable value, real opportunities, and influence,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

Mouhamed Dieng, President of MIR Holding, added: “Supporting Africa’s creative industries is not about backing a secondary sector. It is about investing in one of the continent’s most powerful spaces for storytelling, youth, innovation, and competitiveness. At MIR Holding, we believe that Africa’s future will also be shaped by its ability to structure its narratives, its talent, and its creative value chains.”

Distributed by APO Group on behalf of MIR Holding.

 

Continue Reading

Trending