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Nigerian business mogul Tony Elumelu has pledged a $1 billion (KSh129 billion) investment in Kenya’s key sectors, including energy, food security, and transport infrastructure.
Egypt and Germany have signed a €50 million ($54 million) debt swap agreement to fund grid connection projects for two wind power stations, representing their cooperation on Egypt’s renewable energy expansion.
Yinson Production, the offshore unit of Yinson Holdings, said it plans to expand its operations into Namibia as well as an initial public offering within the next three to five years.
Olu Verheijen has said the government expects two major final investment decisions (FDI) over the next year as the country’s oil and gas industry continues to witness significant investor interests.
East African country, Mozambique, has started producing its first locally made liquefied petroleum gas (LPG), popularly known as cooking gas.
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.