Sierra Leone Archives - AfricaBusiness.com

27Nov

By Africa BusinessNo Comments

Energy, Sierra Leone

Bitgreen, GEAPP, and Sewa Energy Resources partner to build $110M Hydroelectric Facility in Sierra Leone

Bitgreen joins the mission by aiming to raise $10M in debt financing through its blockchain platform for the Betmai Hydroelectricity Facility backed by Sewa Energy Resources, the Rockefeller Foundation, Bezos Earth Fund, and IKEA Foundation Bitgreen, the company building blockchain’s epicenter for sustainability, partners with green infrastructure developer Sewa Energy Resources (SERL) and international climate action platform Global Energy Alliance for People and Planet (GEAPP) to finance the Betmai Hydroelectric Facility in Sierra Leone. The partnership will fund construction of the 27 Megawatt run-of-the-river hydropower project, bringing affordable, renewable electricity to an equivalent of 500 thousand Sierra Leoneans through clean energy generated by the Pampana River. The Betmai f...

12Dec

By Africa BusinessNo Comments

Energy, Sierra Leone, Uganda News

WINCH ENERGY OPENS CROWDFUNDING FOR OFF-GRID RENEWABLES

Leading off-grid renewable energy provider, Winch Energy, has opened its crowdfunding campaign to fund solar off grid developments that will connect more people in Sierra Leone and Uganda to clean and reliable power. This campaign enables individuals to invest in Africa’s growing clean energy market via Crowdcube from as little as £10. Winch Energy’s work strives to help the UN meet its Sustainable Development Goals (SDG), specifically SDG 7, which ensures universal access to affordable, reliable and modern energy services by 2030. With less than a decade left, Winch Energy is targeting countries in sub-Sahara Africa, which has the largest proportion of people without access to energy, to make the biggest impact. Moving green energy forward in developing countries The COP26 summit in O...

8Jun

By Africa BusinessNo Comments

Energy, Green Energy, Sierra Leone, Uganda News

Winch Energy Launches Crowdfunding For Off-Grid Renewables

New clean energy opportunities in developing countries for UK and international investors Off-grid utilities provider, Winch Energy, is seeking to secure up to £1.5 million through a crowdfunding campaign for projects to accelerate the installation of renewable energy technology in Sierra Leone and Uganda. The Crowdcube campaign is part of an overall fundraising plan over the next two years and follows Winch Energy’s recent closure of the largest mini grid limited recourse financing deal so far, via Winch IPP Holdings. The London-based company has already received investment from partner ITOCHU Europe PLC and is opening crowdfunding alongside this raise to secure additional funding for new projects and future expansion. Founded in 2008, Winch Energy has offices in UK, Italy, Sierra Leone, ...

Winch Energy Closes Largest Limited Recourse Mini Grid Portfolio To Date In Uganda And Sierra Leone And Creation Of A New Platform Winch IPP Holdings For Future Investments

16Feb

By Africa BusinessNo Comments

Energy, Green Energy, Sierra Leone, Uganda News

Winch Energy Closes Largest Limited Recourse Mini Grid Portfolio To Date In Uganda And Sierra Leone And Creation Of A New Platform Winch IPP Holdings For Future Investments

Leading off-grid utilities provider, Winch Energy, has completed the funding for solar mini grid projects in 49 villages across Uganda and Sierra Leone through the creation of a new platform, Winch Energy IPP Holdings Limited (“WIPP”). The deal represents the largest mini grid financing portfolio to date, bringing together several major players in the off-grid space and was finalised on 29th January 2021. Winch Energy is owned by Total Eren, Itochu Corporation, Al Gihaz Holdings and Winch Partners. The investment comes from Winch Energy Limited in partnership with NEoT Offgrid Africa – a platform established by Meridiam, EDF and Mitsubishi Corporation. NEoT Offgrid Africa supports and accelerates Africa’s energy transition and already invested more than €30 million in the electrification o...

24Oct

By Africa BusinessNo Comments

African News, Sierra Leone

NEW UK ROAD REPAIR COMPANY TARGETS AFRICA

Newly-formed road remediation company, Quikfix Holdings Limited, is targeting Africa with its instant road repair service. The UK-based company, which was founded only in August this year, has already incorporated a subsidiary business in Sierra Leone in view of securing a five year contract with the government to carry out nationwide repairs to the numerous potholes which blight the country’s economic development. Quikfix has identified similar problems in many other African countries and is currently introducing its turnkey supply and repair service to highway authorities throughout West Africa. Quikfix is licensed to manufacture Instarmac’s Emcol cold-mix technology which provides an instant, permanent repair without the need for heating or road closures. The company plans t...

18Oct

By Africa BusinessNo Comments

African News

Dolat Ventures to Target Resource Expansion on Diamond and New Gold Projects in Sierra Leone

NEW YORK, Oct. 18, 2012 /PRNewswire/ -- Dolat Ventures Inc. (OTC: DOLV) a diamond development company focused on West Africa, is pleased to announce its plans to initiate its diamond mining and has its target on new gold resource as part of its diamond project in Sierra Leone. Following new in soil surveys of new targets which comprised hundreds of over soil samples, an area has been identified returning elevated gold values with a potential kilo output of up to 7 kilos of gold in a target area which is 10 kilometers from the diamond mining operation. The Company's focus is set to coincide with the best months of the mining season, December through July, in Sierra Leone. For the diamond operation the Company intends to complete building its 100 ton/hour wash plant and acquire...

8Oct

By The African Press OrganizationNo Comments

African News, Sierra Leone

The Parliament of Sierra Leone has ratified the award of offshore exploration blocks for ODYE Limited with partners, Chevron and Noble Energy

“The two exploration blocks, SL-08A and SL-08B, have been combined into one concession and are located between 75 and 110 miles (120 and 180 km) southwest of the capital of Freetown and cover a combined area of about 2,100 square miles (5,500 sq. km). (CNW Group/ODYE Limited)”. LONDON, Oct. 8, 2012 /PRNewswire via African Press Organization (APO)/ — ODYE Limited (“ODYE” or the “Company”) is pleased to announce that the Sierra Leone Government has awarded ODYE’s subsidiary, ODYE (SL) Limited, a participating interest in two offshore deepwater exploration blocks, SL 8A-10 and SL 8B-10, along with its partners, Chevron and Noble Energy. ODYE’s 100% owned subsidiary, ODYE (SL) Limited, has signed a petroleum license with Sierra Leone’s Minister of Finance on 21 Septembe...

8Oct

By Africa BusinessNo Comments

African News

Despite Global Slowdown, African Economies Growing Strongly― New Oil, Gas, and Mineral Wealth an Opportunity for Inclusive Development

WASHINGTON, October, 2012 – Sub-Saharan Africa is expected to grow at 4.8 percent in 2012, broadly unchanged from the 4.9 percent growth rate in 2011 and largely on track despite setbacks in the global economy, according to the World Bank’s new Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects. Excluding South Africa, the continent’s largest economy, growth in Sub-Saharan Africa is forecast to rise to 6 percent. African exports rebounded notably in the first quarter of 2012, growing at an annual pace of 32 percent, up from the -11 percent pace recorded in the last quarter of 2011. African countries have not been immune to the recent bout of market volatility stemming from the Euro Area crisis, as well as the growth slowdown that is occurring in some ...

12Jul

By AfricaBusiness.comNo Comments

African News, Ghana News

Hon. Yaw Effah-Baafi to address Palm Oil Africa in September on Investment Opportunities in Palm Oil & Rubber Plantations in Ghana

With the changes in the global palm oil industry and growing demand, it is becoming increasingly necessary to look beyond the output from Asia. Palm Oil Africa organized by CMT will open on 05-06 September in Accra to explore and discuss palm oil plantation and investment opportunities in Africa. Accra, Africa (PRWEB) July 10, 2012 Palm Oil Africa on 05-06 September in Accra will see key ministry officials speaking on the investment opportunities in palm oil plantations in Africa. Hon. Yaw Effah-Baafi, Deputy Minister, Ministry of Food & Agriculture, Ghana, will grace the event with a keynote address on Investment Opportunities in Palm Oil & Rubber Plantations in Ghana. This is followed by another ministerial speech from Hon. Dr. Florence Chenoweth, Minister, Ministry of Agricultur...

10Jul

By AfricaBusiness.comNo Comments

African News

Africa – Mobile Voice Market and Major Network Operators

Market penetration to reach 60% among Africa's one billion people in 2012 Mobile phones represent more than 90% of all telephone lines in Africa. Market penetration passed the 50% mark in 2010 and is expected to reach 60% in 2012. Subscriber growth across the continent has slowed to around 17% p.a, but several individual markets are still growing at 50% p.a. or more and others stand at only single-digit penetration rates. The continent's most advanced markets have passed the 100% penetration mark. Although the greatest demand is in the major cities, cellular solutions are also being employed to increase accessibility in rural and other disadvantaged areas. In addition to mobile networks, Wireless Local Loop (WLL) systems have been introduced in a large number of countries for the provision...