- CrossBoundary Energy ranked number one in the energy and utilities sector on the Financial Times and Statista Africa’s Fastest Growing Companies 2026 list.
- Company placed 20th overall out of 130 ranked businesses across Africa.
- Recognition follows major renewable energy investments, including the 233 MW Kamoa Kakula Solar and Battery Energy Storage Project in the DRC.
CrossBoundary Energy has been ranked as Africa’s fastest growing energy and utilities company in the Financial Times and Statista Africa’s Fastest Growing Companies 2026 report. The company also secured 20th position overall out of 130 ranked African businesses, placing it within the top 15% of companies assessed on revenue growth between 2021 and 2024.
The ranking reflects the rapid expansion of CrossBoundary Energy’s distributed renewable energy business across the continent, particularly in the mining and industrial sectors where reliable power remains critical to operations.
Franck Alloghe, Head of Sales at CrossBoundary Energy, said African businesses are increasingly seeking lower cost and more reliable power solutions that reduce exposure to volatile fuel prices and complex supply chains.
He said the company’s model removes upfront capital expenditure barriers for clients, allowing businesses to focus on core operations while lowering operational risk and energy costs.
CrossBoundary Energy has accelerated its project development pipeline over the past 18 months, supported by significant debt and equity financing.
Matthew Tilleard, CEO of CrossBoundary Energy, said the company is now financing, building and operating renewable energy projects at a pace that would have been difficult to imagine only a few years ago.
He added that demand for distributed renewable power across Africa continues to outpace supply, increasing the urgency for scalable clean energy solutions.
One of the company’s flagship developments is the Kamoa Kakula Solar and Battery Energy Storage System Baseload Project for Kamoa Copper S.A. in the Democratic Republic of Congo. The project includes a 233 MW solar PV plant and a 526 MWh battery energy storage system that will provide 30 MW of dispatchable baseload electricity to the mining complex on a continuous basis.
The project is currently in its final stages of construction and is expected to be completed later this year.
Pieter Joubert, Deputy CEO of CrossBoundary Energy, said the company secured US$341M in senior debt financing from a consortium of seven lenders, alongside a US$495M portfolio guarantee from the World Bank Group’s Multilateral Investment Guarantee Agency.
He said the financing demonstrates growing institutional investor confidence in Africa’s renewable energy sector and highlights the increasing availability of flexible capital structures for clean energy infrastructure projects.
The Financial Times and Statista ranking evaluated more than 700 African companies based on compound annual revenue growth rates between 2021 and 2024. The assessment recognised companies that demonstrated resilience during challenging market conditions, including the aftermath of the COVID 19 pandemic, while maintaining strong market positioning and business growth.
Author: Bryan Groenendaal
