The Democratic Republic of Congo (DRC) and U.S. developer Sun Africa signed a memorandum of understanding (MoU) in late October 2025. The deal covers the “Energy for Prosperity” program, a major initiative designed to increase the country’s electricity supply.
The program seeks to add 4,000 megawatts (MW) of new generation capacity by combining solar, hydropower, and energy storage. It also includes upgrading high- and medium-voltage transmission lines to modernize the national grid and help drive industrial development, according to Mike Luntadila Koketua, president of MFS Group, Sun Africa’s local partner.
The planned capacity is significantly higher than the DRC’s current output. The Electricity Sector Regulatory Authority (ARE) estimated total installed capacity at 3,646.5 MW in 2024.
Key project details remain undisclosed, including the locations of the power plants, the construction schedule, and the financing model.
Miami-based Sun Africa specializes in large-scale renewable and off-grid electrification projects across Africa. Its portfolio includes projects ranging from 25.4 MW to 370 MW, mainly in Angola, with rural electrification plans in Nigeria and Namibia.
In August 2024, Sun Africa became a private-sector partner of the Power Africa initiative, which aims to add up to 6,500 MW of power and connect more than eight million homes and businesses across the continent.
Boaz Kabeya, Bankable
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...
BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. ...
Carrefour plans to enter Ghana in 2026 through a franchise partnership The group will take over and rebrand Shoprite Ghana’s seven...
South Africa’s direct investment outflows dropped to 21 billion rand ($1.25 billion) in Q3 2025 Anglo American’s exit from Valterra Platinum...
Banks’ exposure to sovereign risk rose to 32% of total assets in 2024 48.8% of banks’ treasury assets were invested in public securities Cameroon,...
Carrefour to enter Ghana retail market in 2026 via franchise Shoprite Ghana stores to be rebranded Carrefour from April 2026 Plan includes opening...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...
(FEZ–MEKNES REGION) - As AFCON 2025 approaches: the Fez-Meknes region is emerging as one of Morocco’s most strategic tourism hubs, offering strong...