Afreximbank signs landmark hydropower project in Democratic Republic of Congo (DRC)

Afreximbank signed a project preparation facility financing agreement with Kipay Investments SAS for a renewable energy project in the DRC, supporting the development of a 200 MW hydropower project. This initiative aligns with Afreximbank’s climate finance strategy and aims to provide clean energy to mining companies, expand electricity access to communities, and reduce greenhouse gas emissions. The project is expected to create over 2,000 direct jobs, generate tax revenues, and foster socio-economic development in the region.

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