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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.
Ethiopia and Russia have signed a new agreement to construct the country’s first nuclear power plant, representing a key step in Ethiopia’s plan to expand and diversify its energy mix.
Ten years after exiting Gabon, American energy giant ExxonMobil has signed a memorandum of understanding to resume oil and gas exploration off the coast of the Central African nation.
The CEO of Renaissance Africa Energy Company Limited, Tony Attah, has called for renewed investment in Nigeria’s energy infrastructure, noting that most of the existing facilities are over 30 years old.
British energy giant BP has confirmed a significant gas condensate discovery at the Volans-1X exploration well under Petroleum Exploration License 85 (PEL85) in Namibia’s Orange Basin.
Africa’s largest economy, South Africa, has announced plans to build 5,200 megawatts (MW) of new nuclear power capacity as part of its long-term strategy to secure reliable and cleaner energy.
The Ghanaian government has achieved a major financial breakthrough, saving approximately $300 million through a comprehensive review of legacy contracts by the Electricity Company of Ghana (ECG).
Off-grid solar company Sun King has announced plans to establish manufacturing operations in Kenya and Nigeria as part of efforts to expand renewable energy access and boost local production across Africa.