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
-
West Africa has tools to build strong industry, says IFC’s Olivier Buyoya
10:01
-
MTN Launches Cloud Accelerator Program to Power Africa’s Next-Gen Startups
16:44
-
Tanzanian Developer Ronald Chaula Revolutionizes Digital Payments in Africa
15:12
-
Ivory Coast: Ynov Campus and Digital Academy Set to Boost Tech Talent in Grand-Bassam
14:58
-
DR Congo: CMOC Boosts Cobalt Output by 13% in First Half of 2025 Despite Export Ban
14:32
-
Niger Secures 12-Month Extension on IMF Support Program
14:22
-
Public Investment in Cameroon Stalls Under Rising Security and Social Costs
12:32
-
Togo Prepares Project to Restructure Public Hospitals
12:12
-
BEAC Cancels Senior Officer Exam After Two-Year Battle Over Irregularities
12:02
-
Morocco’sZakaria Sabti Scales African Startups Globally
08:15
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....
• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...
• The U.S. imposed a 20% tariff on cashew exports from Vietnam and a 40% tax on suspected transshipm...
Cauri Money launches Gajo Money, an e-wallet for the Cameroonian diaspora, targeting €120 mil...
Backbone Infrastructure will build a $15 billion refinery in Nigeria's Ondo State, with a capac...
In Africa, the private sector is widely seen as the main engine of industrialization and plays a central role in the long-term development strategies of...
MTN has announced the launch of the MTN Cloud Accelerator, a 12-week hybrid program designed to help African startups scale faster by leveraging MTN’s...
• CMOC increased cobalt production by 13% to 61,073 tonnes in the first half of 2025.• The DRC extended its cobalt export ban, forcing CMOC to stockpile...
Kenya plans to import 1.05 million tonnes of palm oil in 2025/2026, near its highest ever level. Malaysia supplies 90% of Kenya’s palm oil, sharply...
The Emerald Sea is a vast turquoise lagoon located in the northern part of Madagascar, just a few kilometers from the town of Antsiranana (formerly Diego...
Malawi’s Mount Mulanje and Cameroon’s Diy-Gid-Biy added to UNESCO World Heritage List Africa still holds 25% of endangered sites, despite recent...