Deal Watch: Middle East & Africa

Reports on major debt, equity and M&A deals from Middle East & Africa

• Kuwait provides JOD106 million for power project to Jordan

  May 5, 2013
  The Kuwait Fund for Arab Economic Development, on behalf of the Kuwaiti government, has provided a loan worth JOD106 million to Jordan.

• Liberia receives USD35 million loan from World Bank

  April 30, 2013
  The Liberian government has received a USD35 million loan from the World Bank to expand its power network.

• Chinese SGCC provides USD1 billion loan for Ethiopian transmission project

  April 26, 2013
  China Electric Power Equipment and Technology Company Limited (CET), a subsidiary of China’s largest transmission system operator (TSO) State Grid Corporation of China (SGCC) has signed a USD1 billion loan agreement with the Ethiopia’s state-owned vertically integrated power utility Ethiopian Electric Power Corporation (EEPCo) for the construction of the Grand Ethiopian Renaissance Dam (GERD) power transmission line project.

• Kuwait grants USD250 million loan for transmission project in Bahrain

  April 10, 2013
  The Kuwait Fund for Arab Economic Development (KFAED), on behalf of the Kuwaiti government, has signed an agreement with the government of the Kingdom of Bahrain to provide a grant worth USD250 million for a 400 kV transmission development project in Bahrain.

• World Bank provides USD60 million to boost Rwanda’s energy sector

  March 26, 2013
  The World Bank has signed a USD60 million loan agreement with Rwanda to boost the country’s energy rollout programme.

• Kenya Power secures KES5.1 billion loan to set up substations

  March 15, 2013
  Kenya’s state-owned power utility Kenya Power has received a loan worth KES5.1 billion from South Africa’s Rand Merchant Bank for setting up new substations and electricity lines in the country.

• US-based Symbion acquires stake in South African T&D contractor EJ Power

  February 15, 2013
  Symbion, the US-based electrical infrastructure developer, has acquired a 67 per cent stake in EJ Power, the South African power transmission and distribution contractor.

• OPEC provides KES1.3 power billion loan to Kenya

  February 5, 2013
  Organisation of the Petroleum Exporting Countries (OPEC) has provided a KES1.3 billion loan to Kenya for the construction of a transmission line to connect the town of Garrissawith the Kindaruma power plant.

• OPEC provides USD12 million power loan to Rwanda

  January 30, 2013
  Organisation of the Petroleum Exporting Countries (OPEC) has provided a USD12 million loan to Rwanda.

• EIB provides USD237 million for Morocco grid expansion [free access]

  January 3, 2013
  The European Investment Bank (EIB) would provide USD237 million for the expansion of Morocco’s electricity grid.

• AfDB signs USD55 million loan agreement with Zambian government

  December 31, 2012
  The African Development Bank (AfDB) has signed a loan agreement of USD55 million with the Zambian government for the Itezhi-Tezhi hydroelectric power and transmission line project.

• Chinese SGCC, Portuguese REN to set up JV in Mozambique

  December 28, 2012
  Rede Eléctrica Nacional (REN), Portuguese transmission system operator (TSO) and the state-owned State Grid Corporation of China (SGCC) plan to set up a joint venture (JV) for the Mozambican market in 2013.

• Zambian government, EIB sign EUR50 million power deal

  December 11, 2012
  Zambian government and the European Investment Bank (EIB) have signed a EUR50 million loan contract for the Itezhi-Tezhi hydro power generation and transmission project.

• Sierra Leone receives EIB funding for CLSG interconnection

  December 11, 2012
  European Investment Bank (EIB) has agreed to provide a loan of EUR75 million to Sierra Leone for the implementation of its section of the Cote d’Ivoire–Liberia–Sierra Leone–Guinea (CLSG) Interconnection project.

• Kenya-Ethiopia power interconnector secures funds from World Bank, AfDB

  December 5, 2012
  Kenya has secured KES46.3 billion credit from the World Bank and African Development Bank (AfDB) for the Kenya-Ethiopia interconnection.

• Kuwait’s KFAED provides USD273 million grant to Bahrain for grid expansion

  October 11, 2012
  The state-run Kuwait Fund for Arab Economic Development (KFAED) has entered into an agreement with the Bahraini government to provide a grant of USD273 million for two projects, including a USD250 million grant for expanding and upgrading Bahrain's electricity network.

• AfDB approves USD348 million loan for Kenya-Ethiopia link

  September 20, 2012
  The AfDB has approved a USD348 million loan to finance the Kenya-Ethiopia cross-border power line.

• Cameroon secures EIB loan for Lom Pangar HEP and grid facilities

  September 8, 2012
  The European Investment Bank (EIB) has approved a EUR30 million loan for the new Lom Pangar HEP in Cameroon.

• Zambia signs USD56 million loan agreement with World Bank for grid project

  September 8, 2012
  The government of Zambia has signed a loan agreement for USD56.5 million with the World Bank for upgrading the existing Kafue Town-Muzuma-Victoria Falls transmission corridor in the Southern province of Zambia.

• Liberia and World Bank sign West Africa Power Pool Pact

  August 29, 2012
  The Government of Liberia and the World Bank have signed a financing agreement for the Liberia West Africa Power Pool (WAPP) programme.