Firms  Seal Deal to Deliver Clean Energy to 600m Africans

Peter Uzoho 

Genesis Energy Holding,  a Pan-African clean energy infrastructure development company and Desert Technologies have signed a strategic collaboration agreement aimed at accelerating clean energy access in Nigeria and other parts of the African continent with a target to reach over 600 million people lacking electricity access.

The agreement signed at the 27th Africa Energy Forum builds on a Memorandum of Understanding (MoU) established between both companies earlier in the year in Dubai, executed by Desert Technologies’ Chief Executive Officer, Khaled Sharbatly and Genesis’ Chairman, Akinwole II Omoboriowo. 

In a statement jointly issued in Jeddida, Saudi Arabia and London, the United Kingdom, the MOU laid the foundation for this strategic partnership, focused on the joint development and deployment of clean energy solutions across Africa which will also include strategic financing under the partnership.

The signing ceremony at AEF underscored both companies’ commitment to forging high-impact partnerships that align with Africa’s electrification goals and global sustainability priorities.

Speaking on the significance of the partnership, Chairman of Genesis Energy Holding, Omoboriowo, stated, “this collaboration with Desert Technologies marks a significant step in GENESIS’s sustained upward trajectory mission to expand access to clean, reliable power across Africa. 

Chief Executive Officer of Desert Technologies, Sharbatly, said, “this strategic partnership with Genesis marks a new chapter in D-T’s mission to expand Saudi innovation into high-impact global markets. By combining our smart infrastructure solutions with Genesis’ proven development platform, we are laying the groundwork for a long-term alliance that will accelerate Africa’s clean energy transformation—one project, one community at a time.”

  • Related Posts

    Payaza sets new African Fintech Standard with N20.3 billion ($13.5M) Debt Redemption and Triple Credit Rating upgrades

    Landmark achievement funded entirely from internal cash flow positions Nigerian fintech as a continental leader in sustainable growth and financial discipline  The post Payaza sets new African Fintech Standard with…

    CPPE seeks new law to protect investors, employers in Nigeria 

    The Centre for the Promotion of Private Enterprise (CPPE) has called for the urgent establishment of a robust legal and policy framework to protect investors and employers in Nigeria.  The…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Payaza sets new African Fintech Standard with N20.3 billion ($13.5M) Debt Redemption and Triple Credit Rating upgrades

    CPPE seeks new law to protect investors, employers in Nigeria 

    Seplat Energy ties Africa’s prosperity to Domestic Gas Development 

    Presco launches academy, training Africa’s next agriculture business leaders 

    FCCPC approves sale of Chivita|Hollandia (CHI Limited) to UAC of Nigeria PLC 

    AccessCorp, Aradel Holdings, MTN, two others get analysts’ buy recommendation  

    Top 10 African countries with the largest number of airports and airfields 

    NiMet forecasts 3 days thunderstorm, heavy rain across Nigeria

    Jaiz Bank, FCMB Group, Julius Berger top stock pick this week

    Jaiz Bank, FCMB Group, Julius Berger top stock pick this week

    NUPRC approved 79 FDPs with $40 billion potential investment within two years – Official

    NUPRC approved 79 FDPs with $40 billion potential investment within two years – Official

    FG revamps agricultural education to boost food security, jobs

    Trillion-Naira club: 10 most profitable heavyweight stocks in Q3 2025 

    United Capital: Profit up, stock down; is the market overlooking its growth 

    Capital Gains Tax on equities triggers investor panic, capital flight fears 

    Sahara Group targets 350,000 bbl/d, acquires new seven oil rigs

    NUPRC: Nigeria’s rig count surges to 69

    Imisi wins N150M BBNaija S10 grand prize  

    DataPro Marks 30th Anniversary with Finance Webinar

    Adedeji: New Tax Regime Will Usher Unprecedented Opportunities for Economy

    Polaris Bank, NCF Expand Tree Planting Drive to Lagos, Others

    ipNX Calls for Reliable Backbone Infrastructure to Drive AI Adoption 

    Segilola: Nigeria’s Solid Minerals Sector is Investable, Profitable

    Panasonic, Proxynet Communications to Deliver Advanced Broadcast Solutions 

    Terra Creates Unforgettable Moments in the BBN House

    STEM Africa Fest: Boosting Human Capital Development

    OPEC+ approves modest oil output increase for November 

    NAICOM says over 1.47 million farmers covered under agricultural insurance  

    AI strategy: NITDA says Nigeria co-creating framework with innovators, startups 

    Nigerians need ‘37.6 days’ income to afford a plane ticket – Report  

    Best performing Nigerian stocks for the week ended October 3, 2025 

    Bitcoin price surges to all-time high above $125,000

    New tax laws provide clarity, not higher burden on crypto traders – Taiwo Oyedele 

    Bitcoin surges to all-time high, crosses $125K 

    Meet 10 Diasporan Nigerians who have built multimillion dollar businesses 

    Lagos shuts Itedo Market in Lekki over environmental violations

    AMCON: A Lifeline Lender or Permanent Burden?