Yemisi Izuora
AXIAN Energy, the energy subsidiary of the AXIAN Group, financing package is providing the firm with additional financial flexibility as it seeks to expand its renewable energy footprint and capitalize on growing demand for clean energy infrastructure across Africa
Axian Energy, on June 16 announced that it had signed a $60 million financing facility with Mauritius Commercial Bank (MCB). The transaction will support the expansion of the company’s renewable energy project portfolio across Africa and help drive the growth of its operations.
“This partnership underscores our role as a strategic financial partner, mobilizing capital for investments that promote sustainable growth and accelerate the energy transition across the continent,” said Mathieu Delteil, Global Head of Structured Finance at MCB.
The financing package includes a $40 million revolving credit facility with a three-year tenor and an extension option, alongside $20 million in non-funded instruments. According to both partners, the structure will enable AXIAN Energy to access capital more rapidly and seize new development opportunities in its priority markets.
A Growing Renewable Energy Portfolio Across Africa
The financing agreement comes as AXIAN Energy continues to expand its footprint across the continent. In October 2025, the company acquired an 85.6 per cent stake in the Bangweulu Solar PV plant in Zambia. The 54.3-MWp facility generates approximately 87 GWh of electricity annually.
Several months later, AXIAN Energy secured a grant of approximately $1 million from the Norwegian Agency for Development Cooperation (Norad) to support the development of new projects in Zambia, Madagascar, Mozambique and Sierra Leone.
AXIAN Energy said it currently holds a portfolio of 350 MW of installed renewable energy capacity, complemented by 77 MWh of energy storage. The group is also advancing multiple projects across Africa, including developments in Senegal, Benin, Zambia, Côte d’Ivoire, Madagascar and Burkina Faso.
By securing the facility from Mauritius Commercial Bank, AXIAN Energy is broadening its funding base beyond the development finance institutions that have traditionally supported its activities, including Proparco.
The transaction could strengthen the company’s credibility with investors and improve its ability to attract larger pools of capital to finance future growth across the continent.
At the same time, access to flexible financing remains a critical issue for African renewable energy developers. Many projects require significant capital during the early development and structuring phases, often before construction begins.