SECTOR EXPERTISE

Power, Utilities and Infrastructure

Your partner in facilitating complex projects across the continent

We provide tailored financing solutions and expertise to meet Africa’s growing energy and infrastructure demands.

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TOTAL DEAL VALUE

R70bn +

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DEALS DONE

33 +

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THOUGHTS FROM OUR LEADERS

Powering up the African continent

One of the key factors inhibiting commerce and development in Africa is the inadequacy of world class infrastructure to support power, water, ICT and transport services – therein lies an enormous opportunity for firms operating in this sector.

Electric power has consistently attracted the largest portion of new capital in Africa. And yet the continent still only has an electrification rate of 30%, thus power remains a substantial area for potential growth. Beyond electricity, significant opportunities exist more broadly across infrastructure –  these include roads and rail networks, telecoms, ports & airports, healthcare and social infrastructure.

While the need is clear, the financing of these projects remains a challenge.

The African Development Bank (AfDB) estimates that Africa’s infrastructure requirements amount to between US$130 billion and US$170 billion per year – with a financing gap in the range of US$68 billion and US$108 billion. These figures are far higher than previous estimates.

As a leading pan-African financier, with an on-the-ground presence in 10 countries across the continent, we believe we have a key role to play in closing this gap.

At Absa CIB, we work with multinationals, developers, engineering, procurement and construction firms, equipment manufacturers and other stakeholders, and pride ourselves on having the necessary expertise to structure the complicated funding of large infrastructure projects in emerging markets – assisting our clients to navigate the associated risks to win in these territories.

We partner with you to make things happen.

Bhavtik Vallabhjee

Head: Power, Utilities & Infrastructure

Latest insights

A look at the factors driving infrastructure projects across the continent today.

POWER, UTILITIES & INFRASTRUCTURE INSIGHTS

A reform of the Logistics sector is critical for SA economy

As we review the national budget for 2024, one of the key pieces of the economic growth puzzle is the logistics sector in our country.

POWER, UTILITIES & INFRASTRUCTURE

Renewable Energy Solutions

An innovative new Supplier Development partnership between Solana Energy and Absa Corporate and Investment Banking (CIB) has ensured the democratisation of access to solar energy that will allow high-impact social initiatives to continue their critical work.

POWER, UTILITIES & INFRASTRUCTURE INSIGHTS

Africa’s race to the sun (and other alternatives): Who is winning?

One of the most emotive subjects in Africa currently is the energy transition from fossil fuels to cleaner energy, with the mining and resources sectors at the sharp end of the debate.

POWER, UTILITIES & INFRASTRUCTURE INSIGHTS

The Role of financial institutions in increasing the pace and scale of Africa’s Renewable Energy Transition

The urgent need to combat climate change has thrust renewable energy into the global spotlight. As governments, businesses, and individuals grapple with the challenges of reducing carbon emissions, the role of financial institutions in supporting and propelling the renewable energy transition is becoming increasingly prominent.

POWER, UTILITIES & INFRASTRUCTURE INSIGHTS

Captive power solutions; an exciting new reality awaits

Absa recently released its annual financial results and from this, there are two important numbers to highlight. The first being that Absa is working on power projects representing over 2000MWs and the second being that the bank has R45bn in new power projects in the pipeline.

POWER, UTILITIES & INFRASTRUCTURE INSIGHTS

African energy and minerals re-imagined

With the African minerals and energy sector flourishing with possibility, one can’t help but draw parallels with the late 1880’s when the first gold was discovered on the Witwatersrand – in Johannesburg, South Africa – that kick-started the “Gold Rush”.

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