Nigeria: Abu Dhabi Firm Acquires 90 Percent Stake in Nigeria's Azura Power

What the report says

An Abu Dhabi-based energy infrastructure platform, ePointZero, has announced plans to buy a 90% stake in Azura Power Holdings, the pan-African power producer behind Nigeria's 461MW Azura-Edo plant. The report said the deal would shift majority ownership of the Nigerian facility and comes through an acquisition vehicle created with Amaya Capital. The transaction still needs customary regulatory approvals and closing conditions.

According to the article, ePointZero is a subsidiary of 2PointZero Group. It will acquire the interests currently held by Actis and Africa50, while Amaya Capital, which founded Azura Power in 2010, will keep a 10% minority stake. Azura also operates generation assets in Senegal and Mozambique, and the company says it has a development pipeline spanning gas, renewable energy and battery storage projects.

The companies described the agreement as a strategic move that gives ePointZero entry into African power generation through an operating platform with existing assets, management and long-term revenues. Azura said the investment could help it broaden its growth plans across the continent. The report also framed the deal within wider energy demand growth in Africa and continued pressure on electricity supply, including in Nigeria, where Azura-Edo is one of the grid's notable independent power projects.

More generally, transactions like this reflect ongoing foreign and regional investor interest in African energy infrastructure, especially where projects have long-term power purchase agreements and support from development finance institutions. Those broader market trends are background context; the article itself focused on the planned ownership change and Azura's existing portfolio.