Business
Africa Becomes World’s Fastest-Growing Solar Market in 2025 Despite Global Slowdown
Africa emerged as the world’s fastest-growing solar market in 2025, even as global growth slowed, according to a new report from the Africa Solar Industry Association.
The continent’s installed solar capacity rose 17% this year, driven largely by imports of Chinese-made solar panels.
Globally, solar capacity increased 23% to 618 gigawatts (GW) in 2025. While that is still strong growth, it marks a slowdown from the 44% jump seen in 2024.
In contrast, Africa’s steady rise shows a shift in where renewable energy momentum is building.
“Africa’s growth is driven by changing policies and enabling conditions in a number of countries,” said John Van Zuylen, CEO of the Africa Solar Industry Association.
Speaking at the Inter Solar Africa summit in Nairobi, he added, “Solar energy has moved beyond a handful of early adopters to become a broader continental priority. What we are seeing is not temporary. It is policies aligning with market dynamics.”
According to AP News, Chinese companies have played a key role. “Chinese companies are the main drivers in Africa’s green transition,” said Cynthia Angweya-Muhati, acting CEO of the Kenya Renewable Energy Association.
She noted they are investing heavily in supply chains across the continent’s green energy system.
Still, not all imported equipment is yet in use. Since 2017, nearly 64 gigawatts peak (GWp) of solar equipment has been shipped to Africa, but only 23.4 GWp is currently working. A gigawatt peak measures the highest possible power output under ideal conditions.
Africa is absolutely CRUSHING it with solar right now!
2025? Record-breaking year. We slapped on about 4.5 gigawatts of new solar panels across the continent — that’s a wild 54% jump from 2024. Fastest growth EVER.
No more just a couple big countries hogging the spotlight.… pic.twitter.com/tjVrr2BSyZ
— Africa.com (@Africa_com) February 10, 2026
Solar Boom Spreads Across Africa Beyond South Africa
Solar demand is spreading beyond traditional leaders. South Africa once accounted for about half of all solar panel imports to Africa. Now, its share has fallen below one-third as other nations ramp up purchases.
In 2025, 20 African countries set new records for solar imports, and 25 countries each imported at least 100 megawatts, Yahoo reported.
Nigeria overtook Egypt as the second-largest importer, as homes and businesses turned to solar and battery systems instead of diesel generators.
Algeria’s imports jumped more than 30 times compared to the previous year, with Zambia and Botswana also seeing strong growth.
Battery prices have dropped sharply, falling to $112 per kilowatt-hour in 2025 from $144 in 2023. Lower costs allow families and companies to use solar power day and night. “This ever-decreasing price of storage has game-changing implications for Africa,” Van Zuylen said.
Despite progress, policy uncertainty remains a challenge. “The problem is not the opportunity. It’s visibility,” said Amos Wemanya, senior analyst at Powershift Africa.
“If a government announces a plan, companies need to trust that it will remain in place.”
Originally published on vcpost.com
Business
Main Street Capital: Quality Is Not The Question, Valuation Is
Main Street Capital: Quality Is Not The Question, Valuation Is
Business
SpaceX launches Crew-12 mission to International Space Station
SpaceX Crew-12 mission lifts off from Cape Canaveral Space Force Station in Florida on Friday, Feb. 13, 2026.
SpaceX and NASA launched a new crew Friday to the International Space Station, nearly one month after prior crew members were evacuated following a medical emergency in orbit.
NASA said the SpaceX Crew-12 mission lifted off at 5:15 a.m. from the Cape Canaveral Space Force Station in Florida.
“The spacecraft will take about 34 hours to autonomously dock with the space station’s Harmony module at 3:15 p.m. Saturday, Feb. 14, while traveling 17,000 mph in Earth orbit,” the agency said.
NASA astronauts Jessica Meir and Jack Hathaway, European Space Agency astronaut Sophie Adenot and Roscosmos cosmonaut Andrey Fedyaev are onboard SpaceX’s Dragon spacecraft.
NASA MAKES ‘UNPRECEDENTED’ CALL TO BRING ASTRONAUTS HOME AFTER ILLNESS, EXPERT SAYS

A SpaceX Falcon 9 rocket and Dragon spacecraft lifts off on NASA’s Crew-12 mission to the International Space Station, carrying NASA astronauts Jessica Meir and Jack Hathaway, ESA astronaut Sophie Adenot and Russian cosmonaut Andrey Fedyaev, from Lau (Steve Nesius/Reuters / Reuters)
“What an absolutely wonderful start to the day,” NASA Administrator Jared Isaacman said following the launch. “This mission has shown in many ways what it means to be mission-focused at NASA.”
“In the last couple of weeks, we brought Crew-11 home early, we pulled forward Crew-12 to the launch date today, all while simultaneously making preparations for the Artemis 2 mission, which its next window will open up in early March,” he added.
“The flight is the 12th crew rotation with SpaceX to the orbiting laboratory as part of NASA’s Commercial Crew Program. Crew-12 will conduct scientific investigations and technology demonstrations to help prepare humans for future exploration missions to the Moon and Mars, as well as benefit people on Earth,” according to NASA.
US PLANS TO BUILD NUCLEAR REACTOR ON THE MOON BY 2030, NASA SAYS

NASA’s Crew-12 members, Russian cosmonaut Andrey Fedyaev, NASA astronauts Jack Hathaway and Jessica Meir, and ESA astronaut Sophie Adenot walk out of the Operations & Checkout Building at the Kennedy Space Center before transport to Launch Comple (Steve Nesius/Reuters / Reuters)
In January, NASA made an “unprecedented” decision to bring a crew home early from the International Space Station after a medical emergency in orbit, marking the first time in the station’s 25-year history that a mission has been cut short for health reasons.
NASA Administrator Jared Isaacman said at the time that a single crew member experienced a medical situation aboard the station on Jan. 7 and is now stable. After consultations with medical and agency leadership, he ordered the early return of the crew.
“For over 60 years, NASA has set the standard for safety and security in crewed space flight,” Isaacman said. “The health and the well-being of our astronauts is always and will be our highest priority.”

A SpaceX Falcon 9 rocket and Dragon spacecraft stand at Launch Complex 40 ahead of the launch of NASA’s Crew-12 mission to the International Space Station. (Steve Nesius/Reuters / Reuters)
CLICK HERE TO READ MORE ON FOX BUSINESS
That crew returned to earth on Jan. 15.
Fox News’ Sarah Rumpf-Whitten contributed to this report.
Business
Duroflex, Premier Industrial Corporation, 3 more companies get Sebi nod to launch IPO
In IPO parlance, Sebi’s ‘observation’ refers to the formal comments or clearance issued by the regulator on a company’s draft IPO documents.
Premier Industrial Corporation IPO
Premier Industrial Corporation’s IPO will be a mix of fresh issue and an offer for sale (OFS). The company received Sebi’s observation letter on February 10.
Under the issue, 2.79 crore equity shares will be offloaded by the company. In this, the fresh issue will be up to 2.25 crore while the OFS will be up to 54 lakh equity shares.
The selling shareholders are Arvind Chhotalal Morzaria, Dilip Chhotalal Morzaria, Subhash Chhotalal Morzaria, Lalit Navinchandra Morzaria and Nirmala Navinchandra Morzaria.
The company plans to utilise its net proceeds towards financing the capital expenditure requirements for setting up a new wire manufacturing facility in Raigad, Maharashtra, and for financing the capital expenditure required for the expansion of the existing manufacturing facility at the Wada Unit in Palghar, Maharashtra. A part of the proceeds will be be utilised for funding the working capital requirements of the company and for general corporate purposes.
Unistone Capital Private Limited is the sole Book Running Lead Manager (BRLM) to the issue.
Duroflex IPO
Duroflex IPO will be a mix of fresh issue and an offer for sale (OFS). The company received Sebi’s observation letter on February 12. The IPO consists of a fresh issue of equity shares aggregating up to Rs 184 and an offer for sale (OFS) of up to 2.25 crore equity shares by promoters and existing investors.
Duroflex Limited is a leading sleep and comfort solutions provider and is among the top three mattress companies in India by market share. It operates across mattresses, foam, furniture, pillows, accessories, and other bedding products under brands such as Duroflex, Sleepyhead, and Perfect Rest. As of June 30, 2025, Duroflex has established a broad network with 73 Company Owned Company Operated (COCO) stores, over 5,576 general trade stores, and a strong digital presence, serving a pan-India customer base.
Virupaksha Organics IPO
Virupaksha Organics IPO will entirely be a fresh issue worth Rs 740 crore according to the Draft Red Herring Prospectus (DRHP) filed by the company. The research-driven Indian pharmaceutical company received Sebi’s nod on Thursday, February 12.
The company is promoted by Chandra Mouliswar Reddy Gangavaram, Balasubba Reddy, Mamilla, Chandrasekhar Reddy Gangavaram, Vedavathi Gangavaram, Kondapalli Sandeep Reddy, Kotla SUuraj Redy, Mamilla Nagarjun Reddy, Gangavaram Sri Lakshmi and G Sri Vidya.
The BRLMs are Axis Capital Limited and SBI Capital Markets Limited while the registrar to the issue is Kfin Technologies Limited.
Hexagon Nutrition IPO
The public issue of Hexagon Nutrition will entirely be an OFS. The company received Sebi’s clearance on February 10. Under the OFS, promoters Arun Purushottam Kelkar, Subhash Purushottam Kelkar, Nutan Subhash Kelkar and Aditya Kelkar will together offload up to 30,859,704 equity shares.
The research-driven nutrition company is engaged in developing and manufacturing products across micronutrient premixes, branded wellness and clinical nutrition, therapeutic formulations, and ready-to-use foods.
The lead managers to the issue are Cumulative Capital Private Limited and Catalyst Capital Partners Private Limited while the registrar is Kfin Technologies.
Om Power Transmission IPO
The IPO will be a mix of fresh issue and an OFS. The company received the observation on today. Incorporated in 2011, Om Power Transmission is a power transmission infrastructure engineering, procurement, and construction (EPC) company with over 14 years of experience. The company’s expertise lies in the execution of high-voltage (HV) and extra-high voltage (EHV) transmission lines, substations and underground cabling projects delivered on a turnkey basis.
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
Business
American Electric Power: Strong Q4 Earnings Confirm Data Centers Are A Catalyst (AEP)
Financial analyst by day and a seasoned investor by passion, I’ve been involved in the world of investing for over 15 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering high quality dividend stocks and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth stocks, sprinkling in some Business Development Companies, REITs, and Closed End Funds can be a highly efficient way to boost your investment income while still capturing a total return that follows traditional index funds. I created a hybrid system between growth and income and manage to still capture a total return that is on par with the S&P.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of AEP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Form 13G American Drive Acquisition Co For: 13 February

Form 13G American Drive Acquisition Co For: 13 February
Business
Form 13F SIR Capital Management For: 13 February

Form 13F SIR Capital Management For: 13 February
Business
Inflation eases in US as prices for used cars fall
Prices rose by 2.4% in the year to January, the latest official figures show, the slowest pace since May.
Business
Morgan Stanley said to consider $500 million India fund, shifts some assets
The firm plans to move eight healthcare-focused investments into a so-called continuation vehicle, the people said, asking not to be identified because the conversations are private. It’s seeking to raise $500 million for the new India fund strategy and has approached investors on the plan, the people added.
The assets include Omega Hospitals and RG Scientific Enterprises Pvt., one of the people said. Morgan Stanley Investment Management invested in Omega in 2024 with a minority ownership and bought a controlling stake in RG Scientific that same year.
A media representative for Morgan Stanley declined to comment.
Morgan Stanley Investment Management, a $1.9 trillion manager, invested in the assets through its alternative arm, Morgan Stanley Private Equity Asia.
The continuation fundraising comes as more investment firms look for exit routes beyond initial public offerings and mergers. Globally, the secondary market rose 48% to $240 billion in 2025 from a year earlier, according to a report by Jefferies Financial Group Inc.
Business
ANZ Bank Shares Enjoy Best Day Since 2020 as Cost Cuts Show
SYDNEY—ANZ Group shares are on course for their best day since 2020 after the country’s fourth-largest lender cut its first-quarter costs by more than analysts had expected.
ANZ on Thursday reported an unaudited cash profit for the three months through December of 1.94 billion Australian dollars, equivalent to US$1.37 billion. That was 6% higher compared with the same period a year earlier.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Business
US stock futures pared declines after January inflation data

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