British Emerging Africa Infrastructure Fund pumps $31mln in energy project in Ghana
Thursday, 26 November 2020 12:47
The British Emerging Africa Infrastructure Fund (EAIF), managed by Ninety One, agreed to grant a 10-year loan worth $31 million to LNG BV, a joint venture between Helios Investment Partners and Gasfin Development, which develops and operates natural gas facilities for developing countries.
The credit line will finance the construction of a LNG regasification unit at the port of Tema in Ghana, as part of Access LNG BV’s maiden project in the country. Martijn Proos, Manager of Ninety One, said the EAIF investment will help meet Ghana’s long-term energy needs.
According to Ogbemi Ofuya, a partner at Helios Investment Partners, EAIF has in-depth knowledge of the energy sector in Ghana and expertise in port infrastructure development. The investment vehicle will leverage these strengths in this new project in Ghana.
Chamberline Moko
Live News
-
Guinea-focused Asara Resources adds Matthew Sharples to board
20:54
-
Africa Drives Global Air Freight Growth in March Despite Sharply Slower Expansion
20:37
-
Cameroon taps youth input for new migration policy at Yaoundé forum
20:26
-
ECOWAS ministers endorse draft legal framework to tackle maritime crime
20:03
-
Togo employers, unions sign new interprofessional collective agreement
20:00
-
South Sudan Declines to Renew Oranto’s B3 License After Senegal Precedent
19:12
-
Record Tungsten Prices Put Rwanda Ahead of DRC and on U.S. Supply Radar
18:55
-
Yaoundé Dialogue Reframes Migration as Economic System, Puts Youth at the Centre
19:12
-
Togo plans tighter checks, digital tools to tackle uninsured vehicles
06:02
-
Spiro Partners Yango Operator to Roll Out Electric Motorbikes in Douala
05:56
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...
Ecobank named alongside AfDB, ECOWAS, EBID and BOAD in the April 27, 2026 corridor financing mis...
Matthew Sharples, who has served as Asara Resources’ managing director for over a year, had not until now been directly involved in board deliberations....
Africa air freight volumes rise 7% in March 2026 Growth slows after strong January-February surge, key routes decelerate Global cargo declines amid...
South Sudan declines to renew Oranto’s oil block B3 contract Audit cites failure on seismic surveys and drilling commitments Block reopened to...
Tungsten prices surpass $3,000/tonne amid supply disruptions, China curbs Rwanda, DRC gain opportunities; Rwanda leads with higher output US...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....