Kenya Tea Development Agency (KTDA) has established a new venture, Chai Power Limited, in partnership with GridX Africa Development Limited, to deploy 12 MW of solar photovoltaic capacity across its tea-farming operations in Kenya. Under the agreement, GridX will develop and finance the first phase of the project — committing around US $10 million to support the rollout. The venture structure gives GridX a minority stake, while KTDA and its energy arm retain majority ownership and manage the assets. Read more…

International Bank (Liberia) Limited (IBLL) is strengthening its support for Liberia’s small and medium-sized enterprises (SMEs) through a combination of digital innovation, tailored financing, and community-focused initiatives. The bank’s strategy aims to empower local businesses, improve financial inclusion, and foster sustainable economic growth. Read more…

Mabati Rolling Mills (MRM), a leading building solutions provider, is set to install 727 kilowatt-peak (kWp) of solar energy capacity across its facilities as part of its strategy to cut energy costs and reduce carbon emissions. The initiative is being implemented in partnership with GridX Africa Development Limited, a company that develops and finances solar and renewable energy solutions for commercial and industrial clients across the continent. Read more…

The Insurance Company of Africa (ICA)has awarded scholarships to the two best-performing female students from William V.S. Tubman High and G.W. Gibson High School in Liberia, respectively. The CEO of the company disclosed that awarding the students the scholarship is part of the company’s corporate social responsibility. Read more here…

GridX Africa has injected KSh770 million ($7 million) investment into Two Rivers Power Company (TRPC) to expand renewable energy infrastructure for Centum Real Estate projects. TRPC is a wholly owned subsidiary of Two Rivers Development Limited (“TRDL”) and was established to ensure the provision of reliable power to the Two Rivers Development in Nairobi, Kenya. The investment marks the beginning of a larger relationship between GridX and Centum RE, leveraging Centum RE’s strong track record of building mixed-use developments serviced by captive utilities, and GridX’s experience developing and financing renewable and distributed energy infrastructure.

A $20 million loan to International Bank of Liberia Limited will provide a credit line for longer-term SME lending in Liberia, offering needed support in a challenging market. In addition, the bank prioritizes women in their senior management team and in their workforce, qualifying for DFC’s 2X Women’s Initiative. Read more here…

Pan African Capital became a shareholder of ElandX in June 2024. ElandX develops and finances electric trucks and associated power generation and charging infrastructure projects in East Sub-Saharan Africa. They use a “fleet-as-a-service” model, leasing zero-emission vehicles and providing all necessary energy infrastructure based on committed offtake from top-tier creditworthy corporate customers, which includes large commercial entities owning or controlling fleets of vehicles as well as the region’s top haulage companies that operate fleets. Read more…

International Bank (Liberia) Ltd has unveiled their brand new headquarters office in the center of Monrovia’s business district. The ambitious 3-year project provides a large new banking hall and private banking office so IBLL can better meet the needs of its customers. The new office was officially opening at a ceremony held on May 2, 2021