Browsing: infrastructure funding

A transport viaduct. Africa has ambitious plans to connect countries through various road and railway infrastructure.

A Primer

McKinsey & Company, the global business consulting giant conducted a study on the slow pace of infrastructure development and financing in Africa and found overwhelmingly that: “More than anywhere else on Earth, Africa has huge unmet needs for infrastructure, reflecting a long history of underinvestment. Today the continent has the opportunity to build the infrastructure its people and businesses need—at speed and scale. The funding is available, together with a large pipeline of potential projects. To ensure that the money is spent where it is needed, and delivers high-quality infrastructure on time and on budget, governments and private sector players need to step up to prepare, plan, and manage projects with a new level of rigour and robustness.”

One of the findings from their research is that despite the pertinent need to develop infrastructure to be competitive globally African countries lag behind their worldwide counterparts when it comes …

solar cells for renewable energy

GreenCo Power Services, a subsidiary of Africa GreenCo has received a total of USD 1.5 million through two deals. The Danish government’s Investment Fund for Developing Countries (IFU) has committed $1 million in funding. InfraCo Africa, the investment arm of the Private Infrastructure Development Group also put in $500 000 through a convertible loan. 

The deal will see GreenCo Power services come to life to strengthen power generation capacity. Renewable energy generation will provide an innovative approach to electricity production which is set to drive Zambia’s power infrastructure significantly. 

The Zambian government is on the path to scaling up energy which ties in with the country’s vision to be a prosperous middle-income country by 2030. As part of its vision, the country intends to shore up energy availability to drive productivity in the country. This deal will therefore see GreenCo acting as a complementary partner to the Zambian government’s vision.