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

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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...

 

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