By:
Nana Appiah Acquaye
AXIAN
Energy, the energy division of AXIAN Group, has secured a USD 60 million
financing facility from the Mauritius Commercial Bank (MCB) to support its
continued expansion of renewable energy projects across Africa.
The
financing package includes a USD 40 million revolving credit facility with a
three-year tenor and extension option, alongside USD 20 million in unfunded
instruments. The structure is designed to provide AXIAN Energy with increased
financial flexibility to mobilise resources rapidly and pursue development
opportunities across its target markets.
The
agreement marks a significant milestone in strengthening AXIAN Energy’s
capacity to scale its renewable energy portfolio and advance large-scale
infrastructure projects across the continent.
AXIAN
Energy currently operates in eight African countries through subsidiaries
including NEA, WeLight, CGHV, Jovena, and Eydon. Over the past two years, the
company has expanded its renewable energy pipeline with solar projects under
development in Senegal, Benin, Zambia, Côte d’Ivoire, Madagascar, and Burkina
Faso.
The
company’s current portfolio comprises 350 MW of installed renewable energy
capacity, complemented by 77 MWh of energy storage capacity, positioning AXIAN
Energy as a key contributor to Africa’s ongoing energy transition.
MCB,
which played a central role in structuring the facility, said the transaction
reflects its commitment to supporting transformative infrastructure investments
across Africa. The bank noted that its sector expertise and regional presence
enabled the design of a tailored financing solution aligned with AXIAN Energy’s
long-term growth and sustainability objectives.
AXIAN
Energy Chief Executive Officer Benjamin Memmi said the financing would
strengthen the company’s ability to sustain its recent growth trajectory and
expand its presence in new African markets, while advancing its renewable
energy ambitions.
MCB
Global Head of Structured Finance Mathieu Delteil said the partnership
underscores the bank’s role as a strategic financial partner focused on
mobilising capital toward sustainable and high-impact investments that support
Africa’s energy transition.
AXIAN
Energy aims to reach 2 GW of installed renewable capacity by 2030 as it
continues to scale its operations and contribute to decarbonisation efforts
across the continent.
