en.Wedoany.com Reported - AXIAN Energy, the energy division of AXIAN Group, has secured a $60 million financing facility from Mauritius Commercial Bank (MCB) to support the expansion of its renewable energy projects across Africa.
The financing package includes a $40 million three-year revolving credit facility with an extension option, along with $20 million in non-fund-based instruments. This structure is designed to provide AXIAN Energy with greater financial flexibility, enabling it to quickly mobilize resources and pursue development opportunities in target markets.
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 project pipeline through solar projects under development in Senegal, Benin, Zambia, Côte d'Ivoire, Madagascar, and Burkina Faso.
The company's existing portfolio includes 350 megawatts of installed renewable energy capacity and 77 megawatt-hours of energy storage capacity, positioning it as a key player in Africa's energy transition.
Mauritius Commercial Bank, which played a central role in structuring this financing, stated that the transaction reflects its commitment to supporting transformative infrastructure investments in Africa. The bank noted that its industry expertise and regional presence enable it to design tailored financing solutions aligned with AXIAN Energy's long-term growth and sustainability goals.
Benjamin Memmi, CEO of AXIAN Energy, said this financing will enhance the company's ability to sustain its recent growth trajectory and expand into new African markets while advancing its renewable energy development objectives.
Mathieu Delteil, Global Head of Structured Finance at Mauritius Commercial Bank, said this collaboration highlights the bank's role as a strategic financial partner committed to mobilizing capital for sustainable, high-impact investment projects that support Africa's energy transition.
AXIAN Energy aims to reach 2 gigawatts of renewable energy capacity by 2030, while continuing to scale its operations and contribute to the continent's decarbonization efforts.
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