energy
12.05.2026
Announcement
12.05.2026
Announcement

CrossBoundary Energy named #1 Fastest Growing African Energy and Utilities Company by Financial Times

What to Know
#1 Energy & Utilities company on the FT/Statista Africa’s Fastest Growing Companies 2026 list
20th overall out of 130 ranked companies (top 15%)
Ranking measures revenue CAGR, 2021-2024
Recognition follows 18 months of major capital raises and construction on multiple projects, including the Kamoa-Kakula Solar/BESS Baseload Project for Kamoa Copper S.A.
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CrossBoundary Energy
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Cyber City, 12 May 2026—CrossBoundary Energy has been ranked as the fastest-growing African Energy and Utility company, according to the Financial Times and Statista. The Africa’s Fastest Growing Companies 2026 list recognizes Africa-headquartered companies that have seen significant growth between 2021 and 2024.
"Businesses urgently need access to cheaper and more reliable power that isn’t reliant on significant upfront capital investment, volatile oil prices, or complex supply chains. Our model is resonating because it provides this power whilst removing upfront CapEx barriers for our clients, enabling them to focus on their core business while reducing costs and risk."

Franck Alloghe, Head of Sales at CrossBoundary Energy

CrossBoundary Energy addresses one of the top barriers to growth of African businesses by providing reliable, cost-effective power, especially in mining, industrial, and other energy-intensive sectors where energy is mission-critical.
"What we've built since 2024 is more important than what got us this ranking. We're financing, building, and operating at a pace that would have been hard to imagine three years ago, and demand for distributed renewable power is still outrunning supply across the continent. The work now is making sure we can scale to meet it."

Matthew Tilleard, CEO at CrossBoundary Energy

In 2025, CrossBoundary Energy signed one of the largest C&I solar Power Purchase Agreements with Kamoa Copper S.A., which runs the largest copper mine in Africa. The Kamoa-Kakula Solar/BESS Baseload Project, consisting of a 233 MW solar PV and 526 MWh battery, will deliver 30 MW dispatchable baseload power to the mining complex — day and night. The project is in its final stages of construction and is expected to be completed later this year.
"The capital solutions we've assembled in 18 months would have taken five years a decade ago. US$341M in senior debt from a seven-lender consortium, a US$495M portfolio guarantee from the World Bank's MIGA, and new equity from specialist clean energy investors through flexible funding structures. Institutional capital is finally moving into African energy at a pace that matches the opportunity, and we intend to keep deploying it."

Pieter Joubert, Deputy CEO at CrossBoundary Energy

The ranking is determined by evaluating the Compound Annual Growth Rate from 2021 to 2024 of over 700 African companies. The selection highlights Africa’s top companies that showed resilience to external challenges like the COVID-19 pandemic, the ability to adapt to market conditions, and good product/market fit.

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