Janus Capital, the investment arm of the Janus Continental Group, is investing $13 million in the renewable energy storage company, Highview Enterprise Limited, in return for a significant undisclosed stake in its capital. This transaction was carried out in collaboration with the Japanese industrial group Sumitomo Heavy Industries and the firm TSK.
“The investment will tackle the renewable energy storage gap that currently exists across Africa, where nearly 600 million people live without access to electricity,” says Janus Continental Group, a conglomerate with businesses in the Energy, Hospitality, and Real Estate in Africa and Europe.
JCG's commitment to the energy sector in Africa is part of its program to develop energy infrastructure in underserved areas of the continent. The group estimates that the low access and power shortages in the Great Lakes and Southern Africa regions are the results of an infrastructure deficit of about $108 billion.
As part of this investment, Highview Enterprise Limited will deploy its energy storage technology in key Janus markets in sub-Saharan Africa. This will strengthen Janus’s footprint in Africa's energy sector and the provision of sustainable energy solutions for businesses and individuals in its key markets in Zambia, Kenya, Uganda, and Mozambique.
Chamberline Moko
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight between Doha and Nairobi. • Part of wider Qatari...
• The third Africa-Spain summit aims to strengthen trade relationships, with bilateral trade totaling approximately $35 billion in the first half of...
• World cereal production estimated to hit 2.925 billion tons in 2025/2026, marking a 2.3% increase from the previous cycle, according to the Food and...
• IMF identifies three strategic priorities to help Nigeria realize its potential as a significant economic power • Recommendations focus on achieving...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...