Oluwatobi Adu 
ABUJA, Nigeria – The Multilateral Investment Guarantee Agency surpasses $100 billion in total guarantees, marking a major milestone with a new renewable energy agreement spanning Africa, the Middle East and Central Asia.
The deal, signed with AMEA Power Ltd., supports a portfolio of up to 23 projects, including solar, wind and battery storage systems.
MIGA will provide guarantees of up to $1.48 billion, unlocking $1.65 billion in investments across multiple countries and technologies.
“With this portfolio, MIGA’s lifetime issuance now exceeds $100 billion,” says Managing Director Tsutomu Yamamoto, describing it as a milestone achievement.
The portfolio-based model is designed to accelerate project delivery, reduce risk and attract private sector participation in high-growth markets.
Projects in countries including Egypt, South Africa, Uganda and Uzbekistan are expected to generate 2,766 megawatts of power and create over 17,000 jobs during construction.
The initiative supports broader efforts to expand energy access and aligns with the World Bank Group’s Mission 300 target to connect 300 million people in sub-Saharan Africa to electricity by 2030.
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Edino Chubiyo Cornelius 
Hussaini Ibrahim 
Koko Maxwella