ePointZero to Acquire Majority Stake in Pan-African Power Platform, Azura Power Holdings Limited

ePointZero, a global platform focused on specialized energy infrastructure and a subsidiary of 2PointZero Group, has announced its acquisition of a 90% stake in Azura Power Holdings Limited, a prominent pan-African independent power producer. The deal, which was disclosed on August 31, 2026, involves an undisclosed transaction value and marks ePointZero's strategic entry into the African power generation sector.

Azura Power, established in 2010, operates critical power generation assets across Nigeria, Senegal, and Mozambique, with a total operating capacity of 752 MW. The company plays a significant role in these markets, contributing approximately 10% of the grid baseload power in each country. The acquisition will provide Azura Power with long-term capital, enabling it to accelerate its growth pipeline, which includes over 1.5 GW of potential new capacity. This strategic partnership with ePointZero is expected to enhance Azura's ability to address the pressing power deficit across the continent.

The transaction underscores ePointZero's disciplined investment approach, focusing on high-quality infrastructure with resilient cash flows and demand visibility. By partnering with Amaya Capital, Azura Power's founding partner, ePointZero will acquire the stakes of previous investors Actis and Africa50. Amaya Capital will retain a 10% minority stake, reflecting its ongoing confidence in Azura Power's growth trajectory. This collaboration is anticipated to leverage Azura's established operational expertise and market presence, positioning the company for further expansion in the rapidly evolving African energy landscape.

The broader context of this acquisition highlights the increasing demand for electricity across Africa, driven by population growth, urbanization, and industrial development. According to the World Bank, electricity access in Sub-Saharan Africa remains at approximately 55%, indicating substantial infrastructure needs and opportunities for private capital investment. As electricity demand is projected to nearly double by 2040, the acquisition of Azura Power aligns with ePointZero’s strategy to invest in critical infrastructure that supports economic growth and industrial development in key markets.

Overall, this transaction reflects a significant shift in the investment landscape for Africa's power sector, as stakeholders recognize the urgency of addressing energy access challenges. With ePointZero's entry into the market, there is potential for increased capital flow into energy infrastructure projects, which could facilitate the development of sustainable power generation solutions across the continent. As the demand for reliable electricity continues to grow, the partnership between ePointZero and Azura Power may serve as a catalyst for further investments and advancements in Africa’s energy market.