{
  "id": 4583658,
  "title": "Abu Dhabi's 2PointZero unit acquires 90% stake in Africa's Azura Power",
  "url": "https://urgent.news/2026/08/31/abu-dhabis-2pointzero-unit-acquires-90-stake-in-africas-azura-power",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-31T06:27:49.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/business/energy/2026/08/31/abu-dhabis-2pointzero-unit-acquires-90-stake-in-africas-azura-power/"
  },
  "original_language": "en",
  "account": "2PointZero Group's Abu Dhabi-based subsidiary, ePointZero, has acquired a 90% stake in African power generation company Azura Power Holding. The investment allows ePointZero to access some of the largest energy markets in Africa. The remaining 10% of Azura Power will be held by Amaya Capital, Azura's founding partner, who will retain a minority interest. Completion of the deal is contingent on regulatory approvals and closing conditions. 2PointZero managing director Mariam Almheiri stated that the acquisition would strengthen their presence in a region with high energy demand, economic growth, and long-term opportunity. Africa's electricity demand is expected to nearly double by 2040, with current access remaining at around 55% in Sub-Saharan Africa. Azura Power has a presence in Nigeria, Senegal, and Mozambique, with 752 megawatts of operational capacity across three countries. The company currently generates about 10% of the grid baseload power in each of these nations through assets like Azura-Edo, Tobene, and CTRG, all under long-term power purchase agreements. Additionally, Azura Power has an active development pipeline of over 1.5GW, which could more than triple its operational capacity in the coming years.",
  "summary": "A unit of Abu Dhabi's 2PointZero Group is acquiring a controlling stake in African power generation company Azura as it continues to expand its global portfolio of specialised energy infrastructure assets. The investment holding company will acquire a 90 per cent stake in Azura Power Holding through its wholly owned subsidiary ePointZero, which will give it access to some of the largest energy…",
  "key_points": [
    "Abu Dhabi-based ePointZero acquires 90% stake in Azura Power",
    "Investment expands ePointZero's presence in African energy markets",
    "Azura Power holds 10% stake, with Amaya Capital retaining minority interest"
  ],
  "editors_take": "This acquisition strengthens 2PointZero's presence in Africa's high-demand energy market, positioning it for long-term opportunity in a region where electricity demand is expected to nearly double by 2040.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The National UAE",
        "title": "Abu Dhabi's 2PointZero unit acquires 90% stake in Africa's Azura Power",
        "url": "https://urgent.news/2026/08/31/abu-dhabis-2pointzero-unit-acquires-90-stake-in-africas-azura-power-4587588",
        "published": "2026-08-31T06:27:49.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}