Congo Energy Solutions Ltd (CESL/Nuru) banks on $10m from the IFC for hybrid mini grids
The Mauritian-registered holding run by Jonathan Shaw hopes to tie up a $60m-financing package to develop its off-grid projects in the Democratic Republic of Congo.
Someone shares this article with you
▪ Congo Energy Solutions Ltd (CESL/Nuru) banks on $10m from the IFC for hybrid mini grids
▪ The Mauritian-registered holding run by Jonathan Shaw hopes to tie up a $60m-financing package to develop its off-grid projects in the Democratic Republic of Congo.
Jonathan Shaw, founder and CEO of Nuru, an electricity provider, told Africa Business+: “We have reached the final approval stage with investors, which include the International Finance Corporation and other minority shareholders including Proparco, E3 Capital, Renewable Energy Performance Platform (REPP) and Gaia Impact Fund. The announcement should be made in April”.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
03/09/2021 at 17h09, by Africa Business+, updated 06/09/2021
DR Congo: World Bank guarantees extension of the Nuru off-grid project
The off-grid project in Eastern Congo has convinced several international institutions of its viability...
07/12/2020 at 16h52, by Africa Business+
Jonathan E. Shaw’s Nuru to roll-out 14 MW of mini-grids in DRC with EIB support
A project worth several tens of millions of dollars is in the offing in a market where several players...
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : [email protected]
Add AB+ to your home screen
1. Click on at the bottom of your screen.
2. Click on to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.