News
Top stories
The United Arab Emirates, of one the oil-rich Gulf State, has announced its decision to exit the Organization of the Petroleum Exporting Countries and the OPEC+ alliance, effective May 1, 2026.
Electricity consumers in Kenya are set to pay higher power bills after the Energy and Petroleum Regulatory Authority (EPRA), the regulator in charge of the sector, introduced new charges in its April 2026 tariff review.
Cameroon is moving to secure its fuel supply by strengthening ties with Nigeria’s Dangote Refinery, as concerns mount over potential disruptions linked to tensions in the Middle East.
Sierra Leone has signed a $225 million petroleum licence agreement with Nigeria-based Marginal Energy Limited, granting the firm rights to explore and develop offshore oil blocks as the country intensifies efforts to attract investment.
The president of Kenya, William Ruto, has proposed the development of a jointly-owned oil refinery with Uganda in Tanga, historic port city in Tanzania, to serve multiple East African countries.
Africa’s richest man, Aliko Dangote, is in discussions with Kenya and Uganda over plans to build a Nigeria-style oil refinery in Tanzania, as the East African countries move to reduce reliance on imported petroleum products.
Nigeria has approved a $10.3 billion investment plan by Italian energy company Eni for deepwater oil projects offshore the country, clearing the way for long-delayed developments on the Zabazaba and Etan fields.
Nigeria moves to add 4,000MW to the national grid as the FGN Power Company (FGNPC) launches a partnership with Ebonyi and Enugu states to deliver the transmission projects over the next three years.
Sierra Leone has signed a reconnaissance permit agreement with Shell Plc, allowing the company to carry out advanced geological and geophysical surveys across multiple offshore blocks.
Oil-rich Gabon is expected to sign production-sharing contracts with British Petroleum (BP) Plc and ExxonMobil within the next four to six months as authorities move to advance offshore exploration plans.
The Electricity Company of Ghana (ECG) has announced a GH¢3.46 billion ($313 million) investment programme aimed at addressing persistent power outages and stabilising electricity supply across the country.
The African Development Bank has approved €7.33 million ($8.61 million) in additional financing for Uganda’s Rural Electricity Access Project (UREAP Phase I) to address unresolved compensation payments and incomplete works.
Power project developer Globeleq plans to build a 250-megawatt solar-battery plant in Zambia for $315 million, with completion scheduled for 2029.
The Africa Sustainable Energy Centre (ASEC), an energy think tank, has warned that Ghana could lose up to $2 billion annually if its ongoing electricity challenges persist.
Algeria has launched a new licensing round aimed at attracting international investors into its oil and gas sector, offering seven exploration blocks as it seeks to boost upstream activity and secure new hydrocarbon resources.
Namibia and Angola have signed agreements for a cross-border electricity project valued at about $244 million, aimed at linking their national grids and expanding power trade in southern Africa.
Eskom has reached a three-year wage agreement with labour unions, under which workers will receive annual salary increases of about 7% from July, after months of negotiations.
The government of Botswana has signed a 30-year power purchase agreement (PPA) for the development of a 500 megawatts (MW) solar photovoltaic plant with 500MWh battery storage in Maun, representing one of the country’s largest renewable energy projects.
Africa’s richest man, Aliko Dangote, is planning to sell about 10 per cent of his oil refinery through an initial public offering that will be marketed across multiple African countries.
The mega Dangote refinery continues to expand its market share in Nigeria, supplying the bulk of domestic petrol for three consecutive months from January to March this year.
