One million solar panels are due to be installed at seven new solar parks in Angola – hitting a major milestone in the country’s transition to clean, renewable energy. Sweden’s EPC Alliance set the stage for progress with a packaged solution combining 15 suppliers with comprehensive export credit financing.
A modern infrastructure is essential to developing economies and electric railways are often a preferred choice for sustainability reasons. They provide an affordable and reliable means of transport to promote trade. In Tanzania, the government has embarked on upgrading and extending the national rail network funded by the largest foreign currency financing ever raised in the country.
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Svensk Exportkredit (SEK) is financing one of Turkey’s highest priority infrastructure projects, an electrified railway. It creates new business for Swedish export companies that deliver everything from signal and telecommunication systems to engineering know-how and production technology for high-speed rail.
Angola is Africa’s seventh largest nation with 30 million inhabitants and a rapidly growing economy. While the country is largely dependent on fossil fuels for its electricity generation, a new solar project – the biggest of its kind in sub-Saharan Africa, with seven facilities totalling 370MW – will greatly increase the share of sustainable energy and facilitate the switch to renewable sources.
High growth momentum, fuelled by an increase in the price and production of cocoa, gold, and oil has consistently placed Ghana among Africa’s 10 fastest-growing economies and transformed the West African country, according to the World Bank: “In 30 years, real GDP growth has quadrupled, extreme poverty dropped by half, and Ghana has moved to a Lower Middle-Income Country status.”
Infrastructure is crucial to economic growth and quality of life for citizens, since better roads allow more people to participate in the economy and reduce congestion and pollution. Ghana’s Ministry of Roads has initiated several road upgrade projects, two of which are financed by EKN and The Swedish Export Credit Corporation (SEK): “Streets of Accra” and “Streets of Tamale”, which entail surfacing of local roads and construction of drainage systems, with QGMI Group as chief EPC contractor.
