By Kimani Chege United Kingdom renewable energy company, BBOXX, has landed a USD 31 million financing deal with Africa Infrastructure Investment Managers (AIIM) to expand operations in East Africa. Also, 10 million people will gain energy access following a deal between BBOXX, a next generation utility platform, and Africa Infrastructure Investment Managers (AIIM). AIIM, though…
More than five years after the nation’s power sector was privatised, 55 per cent of electricity consumers are still being subjected to estimated billing. The Punch has reported. The Nigerian Electricity Regulatory Commission, in its latest quarterly report, said the provision of meters would improve revenue collection by the distribution companies. It said, “Metering gap…
The World Bank Thursday, unveiled its approved Action Plan on Climate Change Adaptation and Resilience covering a period of five years. Under the plan, the bank will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. According to the bank, this financing level, an average of $10 billion a year is more…
