Mali : Trafigura acquires 49.9% stake in Kita solar power plant (50 MW)
Friday, 17 January 2020 10:47
The Netherlands-based commodity trader Trafigura has just acquired majority stake in the Kita solar power plant in Mali. The operation was made through PASH Global, a renewable energy investor and developer backed by Trafigura.
With this acquisition, the Dutch company seeks to reduce its carbon footprint by investing in clean energy and has already created a division dedicated to renewable energy in 2019.
The 50 MW Kita power plant was built by Akuo Energy. Its production will be sold to the national power utility under a power purchase agreement for a period of 28 years. Power generated by the plant will benefit 91,700 households. Inauguration is scheduled for next month.
Gwladys Johnson Akinocho
Live News
-
Investment Pledges Raise Hope for 200,000 Jobs in South Africa’s Tight Labor Market
08:19
-
After a Weak 2025, Canada’s Asante Rethinks Its Ghana Gold Strategy
07:31
-
U.S. Targets Cameroon’s Critical Minerals, but Flags Investment Risks
07:27
-
Indian Agro Giant UPL Invests $1 Billion in South Africa Bioethanol
07:25
-
Togo clears accession to two international nuclear safety conventions
21:03
-
Egyptian Edtech Firm Qualiphi Links Universities to Job Market Needs
20:55
-
Nigeria Moves to Coordinate Cybersecurity Response Amid Rising Threats
20:51
-
Dave Glass Builds Electrum Platform to Modernize Banking Payments
20:45
-
Senegal Rolls Out Digital Waste Initiative with Regional Ambition
20:40
-
Cameroon, Switzerland Sign MoU Positioning Obala Institute as Central Africa Agri-Research Hub
19:12
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Arise IIP plans to invest more than $3 billion in Kenya over five years The company wi...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
SAIC 2026 investments are expected to create over 200,000 permanent jobs Projects already underway in energy and infrastructure are driving...
Asante launches strategic review of Chirano and Bibiani mines Output fell sharply in 2025 despite higher gold prices boosting...
U.S. and Australia signal growing interest in Cameroon’s critical minerals Focus includes cobalt, nickel, manganese, rutile, and scandium...
India’s UPL plans a $1 billion bioethanol project in South Africa Facility would produce 1.3 billion liters annually using sugarcane and...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...