Olaoluwa Fabuyi

In parallel, CAR is making notable progress in renewable energy development to support sustainable growth. Key projects include the Danzi Solar Park, whose 25 MWp facility with 30 MWh battery storage, launched in November 2024, has cut diesel reliance by 90% and boosted domestic energy capacity by 40%, serving over 300,000 people.

On the exploration and production front, U.S.-based companies to the likes of ExxonMobil, Chevron, ConocoPhillips and Vaalco Energy are driving transformational projects in Africa. ExxonMobil is maximizing output at producing fields across the continent, through projects such as the Erha and Owowo fields in Nigeria and the Kizomba deepwater development in Angola’s Block 15.

“This report is a record of the tangible, large-scale impact we’ve always aimed for—driven by disciplined capital, strategic partnerships, and a focus on outcomes that matter,” said Samaila Zubairu, President & CEO of AFC. “From clean energy to industrial ecosystems and regional rail links, AFC’s investments are transforming challenges into opportunities and unlocking Africa’s potential at scale.”

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy.

Participants will engage with technical experts, regulators, and market leaders from both Zambia and across Africa. Key sessions include decoding the contractual and financial frameworks of corporate PPAs, mastering battery storage management, addressing grid capacity challenges under Zambia’s Open Access policy, and ensuring solar PV safety and asset longevity.

The facility has been structured as a Commodity Murabaha with a tenor of three years. This partnership between the two institutions aims to boost export-oriented businesses and export of private sector businesses in Türkiye and provide Shariah-compliant financing solutions to support exporters.

The European Union‑Africa Chamber of Commerce (EUACC) has condoled with Ghana over the military helicopter crash that occurred on Wednesday in the Ashanti Region of Ghana, killing eight people, including the Minister of Defence, Dr Edward Omane Boamah, and the Minister for Environment, Science and Technology, Dr Murtala Mahammed.