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Nigeria’s state-owned energy company NNPC Limited said it is working towards increasing its stake in the Dangote Petroleum Refinery to 20% from the current 7.2%.
Nigeria expects to attract up to $20 billion in fresh oil and gas investments by 2029, driven by recent reforms to improve power generation and industrial growth.
No doubt, Trump’s return to the White House has energised Africa’s oil ambitions—but it’s casting a shadow over renewable energy progress across the continent.
The African Development Bank (AfDB) has approved $75 million to finance Nyanza Light Metals Pty Ltd, a South Africa-based company developing Africa’s first large-scale titanium dioxide pigment manufacturing plant.
Eskom has reconnected Unit 1 of the Koeberg Nuclear Power Station to South Africa’s national grid, restoring 930 megawatts (MW) of generation capacity following a major maintenance shutdown.
The federal government of Nigeria is set to introduce a 15% tariff on the importation of Premium Motor Spirit (PMS), commonly known as petrol, as well as diesel, according to a new report.
Lukoil, Russia’s second-largest oil producer, is currently in the process of selling off its African assets in response to newly imposed Western sanctions.
Kenya intends to establish a sovereign wealth fund for revenue from minerals and petroleum to cushion the economy against downturns and preserve wealth for future generations.
The Nigerian government plans to introduce a minimum capital adequacy requirement for electricity distribution companies (DisCos) as their operational licences approach renewal in 2028.
Ethiopia has faulted the European Union (EU) for taking what it described as a “biased and hostile” position in support of Egypt over the management of the Nile River and the $5 billion Grand Ethiopian Renaissance Dam (GERD).
The Dangote Refinery has announced plans to expand its internal, off-grid power generation capacity to 1,000 megawatts (MW) as part of its ongoing refinery expansion plan.
Nigeria has launched a major initiative to train over 10,000 young graduates and technicians in top oil and gas skills, aiming to bridge critical workforce gaps and prepare the next generation for emerging energy projects.
Aradel Holdings Plc, a leading independent oil and gas company in Nigeria, has signed a definitive agreement with ND Western Limited to increase its equity stake in the company by 40%.
French oil major TotalEnergies and its partners have officially lifted the force majeure on the long-delayed Mozambique LNG project, marking a major step toward reviving one of Africa’s largest energy investments.
Kenya is negotiating compensation deal with India’s Adani Group after President Ruto canceled a Ksh 96 billion ($744 million) power infrastructure project in October.
Eni has successfully concluded a four-month technical training programme for 16 young Mozambican engineers at its Corporate University in Italy to strengthen local expertise at the Coral Sul FLNG project off the coast of Mozambique.
Nipco Plc, a leading Nigerian energy conglomerate, has acquired a 19.4% stake in London-listed Savannah Energy Plc for £28.7 million ($38.2 million), a move that marks its entry into upstream and midstream energy investments.
The East African nation of Mozambique has rejected any form of negotiation with Portuguese oil company Galp in a capital gains tax dispute linked to the sale of its oil and gas assets.
Some rural dwellers in northern Nigeria in Kaduna have rejected the recent upgrade of their electricity feeder to Band A by Kaduna Electric, citing high tariffs and inadequate consultation.
South Africa’s ambitious 440 billion rand ($25 billion) power transmission expansion program has attracted major global interest including Indian billionaire Gautam Adani’s company and leading Chinese power firms.
