ePointZero Acquires 90% Stake in Azura Power

On August 31, 2026, UAE-based energy infrastructure platform ePointZero announced its entry into Africa's power generation market by agreeing to acquire a 90% stake in Azura Power, a pan-African independent power producer. Azura Power operates over 750 megawatts (MW) of generation capacity and has a development pipeline exceeding 1.5 gigawatts (GW).

The company supplies around 10% of grid baseload power in Nigeria, Senegal, and Mozambique. ePointZero, a subsidiary of Abu Dhabi-based 2PointZero Group, partnered with Amaya Capital to create an acquisition vehicle for this transaction, which involves acquiring stakes held by Actis and Africa50 in Azura Power. Amaya Capital, which founded Azura Power in 2010, will retain a 10% minority stake.

The completion of the transaction is subject to regulatory approvals. Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of 2PointZero, stated that the investment aligns with the group's strategy to deploy long-term capital into critical infrastructure across Africa.