• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Energy

US Export-Import Bank pushes Africa renewables

2 years ago
in Energy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
81
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

US Export-Import Bank pushes Africa renewables

The US Export-Import Bank said it is increasing its focus on Africa and clean energy, approving its biggest renewable investment on the continent while the earlier financing of a Mozambique gas project remains under review.

The bank in June approved a direct loan for more than $900 million for two solar plants in Angola, an unprecedented clean energy project for Ex-Im that will also create thousands of jobs in the US, the export credit agency’s chair Reta Jo Lewis said in an interview in Johannesburg on Friday. She was on her fourth trip to sub-Saharan Africa since starting the role in February last year.

“The renewable energy mandate that comes from Congress also coincides with what the administration has asked us to do,” and there’s broad scope for the size and type of investment, she said on the sidelines of a conference. “Ex-Im is looking and interested in all types of projects, all sectors.”

The agency added about $1.6 billion of lending in Africa this year to reach an overall exposure of $7 billion to the region, according to Lewis. Its interest in energy projects on the continent includes a wide swath of investments from solar power to gas. She also traveled to a US-Africa nuclear summit in Ghana last week to promote domestic companies that export the technology.

“Our goal is to look at bankable projects,” Lewis said. “Don’t automatically think that a deal is too little or a deal is too large for us.”

Ex-Im has granted other loans globally that have drawn scrutiny for being out of step with US President Joe Biden’s pledge to curb public funding support of fossil fuels. Environmental groups have criticized the agency’s support of an Indonesian oil refinery.

RelatedPosts

Rt. Rev. Emmanuel Ansah Urges Graduates to Embrace Failure as Methodist Church Ghana Outdoors First Cohort of Wesleyan Entrepreneurship School

President Mahama Removes Chief Justice Torkornoo from Office Over Stated Misbehaviour

Liverpool Set to Break British Record with Alexander Isak Signing on Deadline Day

The lender provided a $4.7 billion loan in 2020, during the administration of former President Donald Trump, to take up the largest share of financing for a Mozambique gas project led by TotalEnergies SE. The project was halted the following year due to the security threat posed by an insurgency.

Total now plans to return and Mozambique expects export credit agencies that have been involved to reaffirm their lending commitments by the end of the year.

“On that particular loan, which was approved in the previous administration, one of the things is that project is undergoing due diligence,” Lewis said. “I can’t comment on the timeline, that’s too hypothetical.”

Tags: renewablesUS Export-Import BankUS Export-Import Bank pushes Africa renewables
No Result
View All Result

Highlights

Morocco Poised to Make History as First African Qualifiers for the 2026 World Cup

Prof. Bokpin Faults Ghana’s Budget Framework for Rewarding SOE Underperformance

Ghana Becomes Dangote Refinery’s Latest Crude Source as Refinery Hits 70% Capacity

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana’s GDP in 2024

JVCs Post GHS1.51bn Profit, Assets Rise 39.9% in 2024 – SIGA Report

Gulf Countries Respond to U.S. Trade Pressure With Trillion Dollar Plans

Trending

Features

Rt. Rev. Emmanuel Ansah Urges Graduates to Embrace Failure as Methodist Church Ghana Outdoors First Cohort of Wesleyan Entrepreneurship School

September 1, 2025

Rt. Rev. Emmanuel Ansah Urges Graduates to Embrace Failure as Methodist Church Ghana Outdoors First Cohort of...

President Mahama Removes Chief Justice Torkornoo from Office Over Stated Misbehaviour

September 1, 2025

Liverpool Set to Break British Record with Alexander Isak Signing on Deadline Day

September 1, 2025

Morocco Poised to Make History as First African Qualifiers for the 2026 World Cup

September 1, 2025

Prof. Bokpin Faults Ghana’s Budget Framework for Rewarding SOE Underperformance

September 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.