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The government of Egypt has signed three agreements to develop renewable energy projects and battery storage facilities with a combined capacity of 5,620 megawatts (MW), as part of efforts to expand clean energy generation.
South Africa’s power utility, Eskom, has tabled a revised wage offer of 6.5% for workers as negotiations with labour unions enter a fourth round, with no agreement reached.
South Africa’s National Treasury has said on Wednesday that it expects government debt to stabilise as planned despite rising oil prices and market volatility linked to the Middle East conflict.
Italy’s Eni has reported two new offshore gas discoveries in Libya, with combined volumes estimated at more than 1 trillion cubic feet (Tcf), according to a statement released by the company on Monday.
Nigeria’s power generation companies are shutting down operations as a N6.8 trillion ($5 billion) debt owed to the sector continues to mount, worsening payment shortfalls.
International energy company Energean is acquiring Chevron’s interests in two offshore oil blocks in Angola for a base consideration of $260 million.
South Africa’s electricity regulator has approved higher tariff increases for the next two financial years after correcting a R54.7 billion ($3.35 billion) calculation error in the pricing framework used for Eskom.
Nigeria has directed owners of privately operated transmission substations to register and obtain regulatory permits, insisting that all such facilities connected to Nigeria’s national grid.
Nigeria halted the issuance of import permits in the month of February for fuel as the Dangote refinery increasingly dominates domestic supply.
International oil major, Shell Plc, has secured presidential approval from the government of Nigeria for the final investment decision (FID) on the $20 billion Bonga Southwest Aparo deepwater project.
Nigeria’s state-owned oil company, NNPC Limited, has reported a profit of $267 million ( ₦385 billion) for January, according to figures released by the firm as part of its latest operational update.
Kenya has said it will allocate $155 million from proceeds of its pipeline IPO to support the expansion of Jomo Kenyatta International Airport in Nairobi.
Egypt has raised domestic fuel prices by up to 17% as rising global energy costs linked to the conflict in the Middle East continue to affect national supply expenses.
Lyra Energy has begun construction of the R4 billion ($238 million) Thakadu solar photovoltaic (PV) plant in South Africa, a 255-megawatt facility located on the border of the Free State and Northwest provinces.
Nigeria’s Dangote refinery has again raised its price for Premium Motor Spirit, commonly known as petrol, to N1,175 ($0.75) per litre, marking its third upward review in one week.
The Rockefeller Foundation has committed an additional $10 million to support efforts aimed at expanding electricity access across Africa, as part of a broader initiative seeking to connect 300 million people to power by 2030.
International crude oil prices have climbed above $100 per barrel for the first time in nearly four years as global markets react to rising tensions linked to the conflict involving United States, Israel and Iran.
The Nigerian government is implementing a $750 million programme for solar mini-grids and off-grid power infrastructure across the country.
Global oil prices climbed above $90 per barrel as the conflict between the United States and Iran disrupted energy flows across the Middle East and raised fears of a prolonged supply shock.
The Nigerian government has constituted a committee to oversee the incorporation of a new government-owned company designed to manage critical grid infrastructure and recover stranded electricity across the nation’s power system.
