Egypt’s Infinity to become Africa’s largest renewable energy company – The National

Egypt’s Infinity to become Africa’s largest renewable energy company – The National

Egypt’s Infinity Group will become Africa’s largest renewable energy company when it, along with Africa Finance Corporation, acquires Lekela Power in an undisclosed deal that is expected to close this year, the parties said on Monday.

British private equity firm Actis and Mainstream Renewable Power agreed to sell their stakes of 60 per cent and 40 per cent respectively in Lekela.

Lekela, founded in 2015, is Africa’s largest independent power producer.