Ivory Coast Poro Power Green Bond

The Africa Finance Corporation (AFC) has reached financial close and disbursed €43 million under the Poro Green Bond, the first project finance green bond in Ivory Coast and the West African Economic and Monetary Union (WAEMU). This €65 million dual-currency facility will finance the construction of a 66MW solar power plant in Ivory Coast's Korhogo region, developed by Poro. Once operational in 2027, it will be the country's largest solar plant, providing electricity to over 100,000 households and avoiding 72,000 tons of CO₂ emissions annually. The transaction, led and funded entirely by African institutions, demonstrates the growing capacity of the continent to mobilize domestic capital for transformative infrastructure. Samaila Zubairu, President & CEO of Africa Finance Corporation, and Jean-Marc Ayme, Chairman & CEO of Poro, highlighted the historic nature of this deal, which also supports Ivory Coast's goal of 45% renewable energy by 2030. The project is seen as a replicable model for sustainable infrastructure financing across Africa.