{
  "id": 4587588,
  "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",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-31T06:27:49.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "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": "Abu Dhabi's 2PointZero Group is acquiring a 90% stake in Africa's Azura Power through its wholly owned subsidiary ePointZero. This investment allows ePointZero to access major energy markets across the continent. The deal also involves Amaya Capital, which will retain a 10% minority interest. Completion of the transaction depends on regulatory approvals and closing conditions. 2PointZero's managing director, Mariam Almheiri, stated that this acquisition strengthens their presence in a region where energy demand, economic growth, and long-term opportunity are closely aligned. Azura Power, a key independent power producer in Africa, has 752 megawatts of operational capacity across Nigeria, Senegal, and Mozambique. It generates around 10% of grid baseload power in each of these countries, with long-term power purchase agreements in place. The company also has an active development pipeline of over 1.5GW of projects, which could triple operational capacity in the coming years. This acquisition comes as electricity demand across Africa is expected to nearly double by 2040, while access remains at roughly 55% in Sub-Saharan Africa.",
  "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": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The National Business",
        "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",
        "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."
}