Enara Capital will be partnering up with a Chinese consortium to invest USD 1 bn in renewable energy projects in Africa over the next three years, CEO Sherif El Gabaly said. The projects will be funded under the World Bank’s financing framework for renewable energy projects in the region, under which Egypt has received c. USD 1.8 bn in funding. Reports on Wednesday said Enara was planning USD 680 mn-worth of renewable energy projects in 2018. The company is exploring Ethiopia, Zambia, Senegal, and Madagascar as potential locations for its upcoming projects.

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