The Empower Africa Business Platform is Now Live !!!
The ambitious undertaking involves the installation of over 13,000 solar panels across an area of approximately 28,100 square meters.
This massive solar array will generate a total of 6 megawatts of electricity, significantly reducing the shopping centre’s reliance on the grid.
The decision to invest in solar power comes in response to the ongoing load-shedding challenges faced by South Africa.
Eastgate’s parent company, Liberty Two Degrees, has committed to a sustainable future and aims to achieve net-zero carbon emissions.
“This is a monumental achievement for Eastgate and a testament to our dedication to environmental responsibility,” said Melinda Isaacs, L2D’s Developments executive.
“By reducing our carbon footprint and ensuring uninterrupted operations during load shedding, we are creating a more sustainable and resilient future for our customers, tenants, and the community.”
The completed solar installation is expected to generate substantial energy savings and contribute to a cleaner environment.
Eastgate Shopping Centre remains committed to providing a seamless shopping experience for its customers, even during challenging times.

Johannesburg’s digital bank, TymeBank, is close to securing $150 million in a Series D funding round, aiming to solidify its position as Africa’s fastest-growing player.

The International Finance Corporation (IFC) has extended a local-currency loan of ZAR 170 million (roughly US$10 million) to South African digital lender Lula Lend (Pty) Ltd, in a move designed to bolster working-capital access for the country’s micro, small and medium-sized enterprises (MSMEs).

Moroccan property technology startup Agenz has secured $5 million in fresh funding as it looks to deepen its use of artificial intelligence and expand its digital real estate services across the country.