British International Investment (BII) has provided a USD 20 million senior secured debt facility to Anzana Electric Group to support the development of run-of-river hydropower projects across Africa.
The financing is expected to unlock new renewable energy capacity, strengthen electricity access, and accelerate clean power infrastructure development across several African countries.
Officials say the initiative also supports broader efforts to reduce Africa’s electricity deficit, with nearly 600 million people across the continent still lacking reliable access to electricity.
Key Overview
- BII provided a USD 20 million facility to Anzana Electric Group
- The financing will support hydropower projects across Africa
- Anzana expects to unlock 10 MW of generation capacity by 2030
- The projects are expected to generate over 50 GWh annually
- The first project under the facility will be located in Zambia
- More than 500 jobs are expected during construction and operations
- The financing supports Africa’s renewable energy transition
BII Expands Renewable Energy Financing in Africa
British International Investment has announced a USD 20 million senior secured portfolio debt facility for Anzana Electric Group to support the construction of run-of-river hydropower projects across Africa.
The financing marks another major investment into Africa’s growing renewable energy sector as countries continue working to expand electricity access, improve energy reliability, and reduce dependence on fossil fuels and unstable power infrastructure.
Officials said the financing structure allows capital to be deployed across multiple projects in different African countries, helping accelerate project delivery and expand renewable energy access faster.
The investment also reflects growing international interest in distributed renewable energy systems capable of supporting both national electricity grids and industrial demand centers.
Anzana Targets New Clean Energy Capacity
Through the financing facility, Anzana expects to unlock 10 MW of newly installed distributed baseload generation capacity by 2030.
The projects are projected to generate 50 + GWh of clean electricity annually for regional power grids and commercial users.
Officials confirmed that the first project financed under the facility will be developed in Zambia.
The company said its operating model spans project development, generation, distribution, and interconnection, enabling it to support both community users and commercial customers with reliable electricity delivery.
Run-of-river hydropower projects are increasingly viewed as attractive renewable energy solutions because they provide stable electricity generation while generally requiring less environmental disruption than large reservoir-based hydroelectric dams.
Focus on Electricity Access and Economic Growth
The projects are also expected to contribute significantly to employment creation and regional economic development.
According to officials, the portfolio is expected to create over 500 jobs during construction and operations while expanding electricity access across targeted regions.
Reliable electricity access remains one of the biggest infrastructure challenges facing many African economies, particularly in rural and rapidly growing urban areas where energy demand continues to outpace supply.
Energy shortages and unstable electricity networks continue affecting industrial productivity, healthcare systems, education services, agriculture, mining operations, and broader economic development across the continent.
Officials said improving electricity access remains essential for attracting industrial investment and supporting long-term economic growth.
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BII Highlights Africa’s Electricity Gap
Chris Chijiutomi, Managing Director and Head of Africa at British International Investment, said the financing aligns with broader efforts to address Africa’s electricity access deficit.
“Africa faces a significant energy access gap, with nearly 600 million people without electricity,” Chijiutomi said.
“We’re committed to working with partners like Anzana to support Mission 300 and provide electricity access to 300 million people in Africa by 2030.”
He added that the financing would help countries transition toward renewable power while strengthening electricity networks and delivering clean energy to households and businesses.
Anzana Plans Broader African Expansion
Brian Kelly, Chief Executive Officer of Anzana Electric Group, described the financing as a major milestone for the company’s long-term African expansion strategy.
“This facility is an important milestone for Anzana as we scale our platform across Africa and expand on our close partnership with BII,” Kelly said.
He added that the company’s focus on governance, disciplined project execution, and strategic infrastructure development would help deliver electricity where it is needed most while supporting long-term economic growth objectives.
Officials noted that the financing structure strengthens Anzana’s ability to bring projects to market faster while expanding operations across priority energy corridors in African economies.
Outlook
Africa’s renewable energy sector is expected to remain a major focus for international investors and development finance institutions as countries seek reliable, affordable, and cleaner electricity solutions.
Growing electricity demand and rapid urbanization are increasing pressure on governments to strengthen generation capacity and modernize power infrastructure.
The partnership between British International Investment and Anzana Electric Group reflects broader momentum behind renewable energy financing across Africa as governments and investors work to accelerate the continent’s energy transition while improving energy security and economic resilience.
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