500 Business Champions: Is Lekela’s takeover of Infinite Power a game changer?

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Infinity Power’s acquisition of independent power producer Lekela for more than $1bn has created the largest private renewable energy producer in Africa making it ‘Deal of the Year’ in our ranking of 500 African Champions.

Is the renewable energy sector following the example of telecoms in the African market, consolidating around big hitters like MTN or Orange in their day? On 23 March last year, Infinity Power — a joint venture between Egypt’s Infinity and Masdar of the Emirates — became Africa’s largest private producer of renewable energy by completing its acquisition of 100% of Lekela Power.

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