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Standard Bank, Africa’s largest commercial bank, is reinforcing its dedication to a sustainable energy future by contributing $20 million to a $50 million construction debt facility established between CrossBoundary Energy (CBE) and the Facility for Energy Inclusion (FEI) in June. Managed by Cygnum Capital, FEI played a crucial role as the lead arranger for the

PricewaterhouseCoopers (PwC) highlights Africa’s positive strides in the clean energy transition, citing various countries harnessing the continent’s vast renewable energy potential. The firm underscores the need to balance these efforts with developing fossil fuel resources to expedite the transition and maximize benefits. Andries Rossouw, PwC Africa energy leader, emphasizes the pivotal role of lower carbon

Nigeria, Africa’s most populous nation, has long stood as an economic powerhouse propelled by the dominance of fossil fuels, particularly oil, in its energy landscape. This historical reliance, while instrumental in fostering economic growth, has also been a double-edged sword, subjecting the country to environmental degradation and vulnerability to global oil price fluctuations. The urgent