News
Top stories
Afreximbank has provided a $64 million acquisition finance facility to Levene Energy Development Limited to support the purchase of a 30% equity stake in Axxela Limited.
Continued power supply disruptions have become a key challenge for mining operators across Africa, a report says.
The Gas Exporting Countries Forum (GECF) has appointed Nigerian oil veteran and former chief executive of Nigeria LNG, Philip Mshelbila, as its new Secretary General.
Morocco is set to open its first liquefied natural gas (LNG) terminal in mid‑2026, as part of the launch of the Nador West Med port on the Mediterranean.
Eskom says it has kept the national grid running without sustained interruptions for 231 consecutive days, signaling a period of improved stability in a power system.
Libya’s National Oil Corporation (NOC) and its partners achieved approximately 100 million cubic feet per day reduction in gas flaring in 2025.
Africa’s largest economy, South Africa, is recording its lowest petrol and diesel prices in January since 2022. The decline follows a fall in global oil prices and a rebound in the local currency, the rand.
Zambia and Zimbabwe have committed $400 million for the long-delayed Batoka Gorge Hydro Electric Scheme (BGHES), reflecting a push to unlock one of Southern Africa’s largest planned power projects after decades of setbacks.
Aradel Holdings Plc has completed the acquisition of majority stake in ND Western Limited, cementing its position as one of the country’s leading indigenous energy companies.
Nigeria’s state owned oil company, NNPC Limited, plans to revive aging idle oil fields as it seeks to raise about $30 billion in fresh investment and lift crude output by the end of the decade.
Heirs Energies has acquired a 20.07% equity stake in Seplat Energy Plc, Nigeria’s biggest indigenous oil and gas company by market valuation, in a transaction valued at about $500 million.
NNPC has maintained a consistent upward trend in monthly earnings, reporting N502 billion ($350 million) in profit for November 2025 as higher crude output and improved remittances boosted government revenues.
Egypt has signed a preliminary agreement to supply natural gas to Lebanon’s Deir Ammar Power Plant, in a move aimed at easing the country’s chronic electricity shortages.
NNPC Limited has announced the full restoration of the Escravos–Lagos Pipeline System (ELPS), following an explosion on a section of it earlier this month that disrupted supplies.
Zimbabwe had declared plans to invest $450 million to upgrade Hwange Power Station as part of efforts to stabilise electricity supply and reduce prolonged power shortages.
Nigeria’s long-delayed Ajaokuta-Kaduna-Kano (AKK) gas pipeline is now on course for commissioning in early 2026, the Group Chief Executive Officer of NNPC Ltd, Bashir Ojulari, has confirmed.
NNPC Limited plans to sell stakes in some of its oil and gas assets and has invited bids from private investors, according to an internal invitation document.
Benin will not achieve first oil production in 2025 after drilling problems delayed progress at the Seme shallow water oil field offshore the country, the operators confirmed.
Nigeria’s government has written off more than $1.42 billion in legacy debt owed by the state-owned energy company NNPC Ltd to the Federation Account, in what officials describe as a major fiscal reset for the country’s largest revenue generator.
Nigeria’s Dangote refinery has confirmed that its main petrol unit has begun a planned turnaround that will briefly pause all crude processing activities until early 2026.