News Formal

500 Business Champions: Is Lekela’s takeover of Infinite Power a game changer?

  • 📰 TheAfricaReport
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 55%

Business News News

Infinity Power’s acquisition of independent power producer Lekela for more than $1bn has created the largest private renewable energy producer in Africa making it ‘Deal of the Year’ in our ranking of 500 African Champions.

Is the renewable energy sector following the example of telecoms in the African market, consolidating around big hitters like MTN or Orange in their day? On 23 March last year, Infinity Power — a joint venture between Egypt’s Infinity and Masdar of the Emirates — became Africa’s largest private producer of renewable energy by completing its acquisition of 100% of Lekela Power.

A group of NGOs have challenged the LBMA over gold mining transparency as a responsible sourcing summit starts in London.12 years after its creation, the Ivorian company has already become a giant in the construction industry, both at home and in the sub-region. The key ...By focusing on a hub strategy, the Ethiopian airline has gradually established itself throughout the country’s aviation ecosystem, and now reigns supr...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 29. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

500 Business Champions: Has Dangote Cement finally found the right strategy outside of Nigeria?Despite inflationary pressures and logistical constraints, the ‘king of cement’ has confirmed its rise to prominence and seems to be finding the path to profitability in pan-African markets.
Source: TheAfricaReport - 🏆 29. / 55 Read more »

500 Business Champions: Joining the ‘billion dollar revenue’ clubFourteen companies from the continent have entered the exclusive circle of billionaire dollar companies in the 2024 edition of our exclusive ranking of the 500 African champions.
Source: TheAfricaReport - 🏆 29. / 55 Read more »

500 Business Champions: Russian gold billionaire Mordashov faces sanctionsIn 2008, Alexeï Mordashov gained a foothold in West African gold through the company now known as Nordgold. Today, the company is a victim of its alleged links with Moscow.
Source: TheAfricaReport - 🏆 29. / 55 Read more »