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Originally published by The Standard Business
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January 29, 2026
1d ago

African states urged to scrap solar taxes to lower electricity costs

African states urged to scrap solar taxes to lower electricity costs

Africa's solar industry will add up to 1,000 megawatts of new electricity after three projects backed by Chinese banks get underway...

✨ Key Highlights

African nations facing frequent blackouts and power shortages are set to receive significant investment in solar power. A partnership between a Chinese engineering firm and a Hong Kong investment bank, backed by Chinese banks, will deploy new solar power stations across the continent.

  • Three major solar projects are underway across Africa, collectively valued at more than $5 billion (Sh645 billion), expected to add up to 1,000 megawatts of new electricity.
  • The partnership involves Dalian CDS Solar Energy Technology Co. of China and Hong Kong investment bank Treadway.
  • More than 600 million people in Africa lack reliable electricity, with 30 African countries experiencing power shortages and regular service interruptions.

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