<< Back             Poser >> IFC-LMI Holdings partnership expands renewable energy for Ghana industries Climate change The International Finance Corporation (IFC) and LMI Holdings have expanded their partnership to provide renewable energy infrastructure to businesses in the Tema and Dawa Industrial Zones. The new phase of the partnership involves the Solar for Industries (SFI) project, which is expected to provide more reliable and sustainable power to industrial customers. A statement issued in Accra said more than 100 businesses operating in manufacturing, agro-processing, logistics and other industries across the two industrial zones are expected to benefit from the project. The project is also expected to create about 250 direct and 500 indirect jobs during construction, while sustaining 19 permanent operational jobs after construction. It said the $39.5 million financing package would support completion of the initial 100-megawatt phase of a 200-megawatt solar photovoltaic project located in the Dawa Industrial Zone. The statement said the financing represents the second tranche of a $100 million facility, following a first tranche of $21 million committed by IFC in financial year 2024 and disbursed in financial year 2025. It said the project was expected to support Ghana’s efforts to expand manufacturing and increase local value addition by providing reliable and affordable renewable energy to industrial customers. The solar facility will also enable businesses to reduce emissions from their manufacturing value chains, improve operational efficiency and expand their activities. The investment complements LMI Holdings’ integrated infrastructure across the Tema and Dawa Industrial Zones, including electricity, water, logistics and digital services. It also aligns with Ghana’s National Energy Transition Framework, which promotes increased use of renewable energy while balancing energy security with socio-economic development needs. The financing package combines IFC’s own capital, support from the International Development Association’s Private Sector Window and directly mobilised private capital. The statement said the combination of the financing sources is expected to increase the capital available to complete the solar facility while helping to improve its affordability. “The investment builds on an earlier partnership between IFC and LMI Holdings that supported the development of a 16.82-megawatt rooftop solar facility at the Tema Industrial Zone,” it added. The earlier partnership also supported a 11,000-cubic-metre-per-day water treatment plant at the Dawa Industrial Zone. It said the rooftop solar facility was described as the largest operating installation of its kind in Africa, further demonstrating the partnership’s focus on renewable energy and sustainable industrial infrastructure. Source: GNA Ghana Business News	Ghana signs $270m poultry project deal to cut chicken imports The 24-Hour Economy and Accelerated Export Development Secretariat has brokered a $270 million investment agreement to revitalise Ghana’s poultry industry, expand domestic production and reduce the country’s dependence on imported chicken. Construction work to begin on Ogun Deep Sea Port in November — Abiodun The governor said the groundbreaking ceremony for the project would take place in November, after which construction would commence immediately, with the port expected to be substantially completed within two and a half years. Court convicts 21 firms of operating illegal investment schemes, imposes N630m fines The EFCC accused the convicted 21 firms of acting in violation of section 57 (1) of the Banks and Other Financial Institutions Act of 2020. Nigeria’s Power Sector: Lack of coordination slows reliable electricity supply – Tegbe The Minister of Power, Joseph Tegbe, said a lack of coordination had slowed the delivery of reliable electricity supply to Nigerians. The Minister made this disclosure on Monday at the announcement of the Off-Grid Stakeholder Coordination in Abuja. According to the Minister, who was represented by his Chief of Staff, Adelabu, the fragmentation of the […] Nigeria’s Power Sector: Lack of coordination slows reliable electricity supply – Tegbe IFC-LMI Holdings partnership expands renewable energy for Ghana industries The International Finance Corporation (IFC) and LMI Holdings have expanded their partnership to provide renewable energy infrastructure to businesses in the Tema and Dawa Industrial Zones. Interior Minister asks traditional authorities to enact, enforce anti-bushfire byelaws Alhaji Muntaka Mubarak, the Minister of Interior has called on traditional authorities to enact and strictly enforce anti-bushfire byelaws in their respective communities, to prevent bushfire outbreaks in the 2026/2027 seasons.