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Angola’s state-owned oil firm, Sonangol, has reported a net profit of more than $750 million in 2025 as its oil and gas production averaged 217,000 barrels of oil equivalent per day (boepd).
Nigeria is set to begin exports of a new crude grade known as Cawthorne as part of efforts to raise production and sustain recent output gains.
Africa’s top three economies — South Africa, Egypt and Nigeria — have emerged as the leading destinations for electricity investments on the continent in 2025.
The Government of Uganda, through its national oil company Uganda National Oil Company (UNOC), has secured a 20.15% shareholding in Kenya Pipeline Company (KPC).
The Nigerian government is seeking up to $5.7 billion in investments from Chinese industrial company, GCL Group, across power generation, mining and industrial manufacturing.
Ghana’s state-owned Tema Oil Refinery is carrying out a major turnaround on its 14,000 bdp residual fluid catalytic cracker (RFCC) unit, with operations expected to resume by early May.
State-owned power utility, Eskom, has begun stakeholder talks in the Eastern Cape as part of plans to implement 5.2 gigawatts (GW) of new nuclear capacity in South Africa.
Dangote refinery could be listed on the Nigerian stock exchange within five months, according to Aliko Dangote, the founder and president of the plant.
French oil major, TotalEnergies, is targeting a final investment decision in 2028 for its Mopane oil development offshore Namibia.
International Finance Corporation (IFC) has signed a $150 million financing agreement with Banque Misr to expand green lending and support micro, small and medium enterprises (MSMEs) in Egypt.
The Government of the United Republic of Tanzania has launched Phase One of its $9.95 million (TZS 25.8 billion) clean cooking programme targeting 453 public institutions nationwide.
The United Arab Emirates (UAE) has announced a $4.5 billion commitment to finance more than 60 clean energy projects across Africa.
Nigeria, has stopped its state-owned oil firm, NNPC Limited, from collecting and retaining oil and gas revenues, directing that all proceeds be paid into the federation account.
Electricity traders in South Africa have called on the government to publish a clear timeline and define the final structure for the separation of the transmission business from Eskom.
Kenya is seeking KSh 23.1 billion ($179 million) in taxes from Tullow Oil following a dispute over the company’s exit from the country’s upstream sector.
Dangote has sealed a $400 million equipment agreement with China’s Xuzhou Construction Machinery Group to accelerate expansion of its oil refinery towards a planned 1.4 million barrels per day (bdp).
Italian energy company Eni has discovered up to 5.0 trillion cubic feet of gas and 450 million barrels of condensate in a new offshore block in Ivory Coast.
Vitol is backing a consortium planning to develop a $3 billion liquefied natural gas (LNG) import terminal and gas-fired power plant at the Port of Durban in South Africa, a company spokesperson confirmed.
Azule and its partners in Angola have confirmed a new offshore oil discovery estimated at 500 million barrels in an offshore block, providing fresh resource potential as the country works to steady crude production.
Dangote refinery has restored its crude distillation unit, CDU, to full capacity of 650,000 bdp after a maintenance shutdown, as it prepares to restart its fuel producing residual fluid catalytic cracker (RFCC).