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The President of Kenya, William Ruto, has announced plans to list the state-owned pipeline company, Kenya Pipeline Company, on the Nairobi Securities Exchange in a bid to attract investors.
West African country, Ghana, has reported an increase in its oil revenue to $1.3 billion in 2024, experiencing a 27.81% rise compared to the $1.06 billion earned over the same period in 2023.
Ethiopia’s Prime Minister, Abiy Ahmed, has announced plans to kick off commercial gas production this September, paving the way for the country’s first ever natural gas export.
North African country, Libya, has officially launched its first oil and gas licensing round in 18 years, offering 22 new offshore and onshore blocks to global energy companies.
Ghana’s Minister of Energy and Green Transition, John Abdulai Jinapor, has announced that the Electricity Company of Ghana (ECG) collected GH¢1.6 billion ($154.6 million) in revenue during the first six months of 2025
President John Mahama has appointed a new governing board for the Ghana National Petroleum Corporation (GNPC) as part of broader reforms aimed at revitalizing the country’s oil and gas sector.
Mozambique’s President Daniel Chapo has affirmed that his government is taking necessary and sufficient security measures to enable TotalEnergies to restart work on the stalled $20 billion LNG project in Cabo Delgado, which has been delayed due to militant insurgency.
Tanzania is seeking a $1 billion investment in liquefied petroleum gas (LPG) as part of its broader push to accelerate energy transition efforts. The initiative, which aligns with the country’s commitment to cleaner and more sustainable energy sources.
Bayo Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), disclosed that Nigeria’s oil and gas industry attracted $17 billion in new investments in 2024. This inflow, according to Ojulari, marks a major step toward the nation’s broader ambition of driving sustainable production growth and boosting gas output by the end…
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $72 million financing package to support Egypt’s first ever utility-scale Battery Energy Storage System (BESS) Project. In a press statement, the IFC said the funding will enable the development of Egypt’s first utility-scale Battery Energy Storage System (BESS), marking a…
Zimbabwe has launched the Zimbabwe Renewable Energy Fund (ZimREF), aiming to raise over $100 million in blended finance to boost renewable energy investments. The Finance Minister, Mthuli Ncube, announced the initiative at the United Nations Joint Sustainable Development Goals (SDG) Fund event in Seville, Spain, on July 1, 2025. He explained that access to reliable…
South-Central African country, Zambia, has inaugurated its largest grid-connected project, knowns as Chisamba solar power plant, with a capacity of 100 megawatts (100 MW) to be added to the country’s national grid. The President of Zambia, Hakainde Hichilema, launched the projects on Monday, 30th June 2025, alongside high-profile officials of the country. This is the…
The African Development Bank (AfDB) has approved a $474.6 million loan for South Africa to strengthen its power and transport sectors, aiming to improve energy efficiency and rail reforms. This follows weeks after South Africa secured a $1.5 billion loan from the World Bank for similar projects. This was disclosed in a statement issued by…
The Nigerian National Petroleum Company Limited (NNPC) has crossed a major milestone in the construction of the Ajaokuta-Kaduna-Kano (AKK) gas pipeline, as the project successfully crossed the River Niger. This achievement, announced by NNPC Group Chief Executive Officer Bashir Bayo Ojulari on Tuesday, is seen as a boost to the company’s target of completing the…
Mauritania’s Council of Ministers has approved a $93.9 million financing agreement aimed at improving electricity reliability in the country. The agreement was approved during a cabinet meeting on June 25 under the chairmanship of Mauritania’s President Mohamed Ould Cheikh El-Ghazouani. The agreement, signed with the International Development Association (IDA), secures $93.9 million in financing for…
Ethiopia has begun exporting 50 megawatts (MW) of electricity to Tanzania through Kenya’s national grid for the first time, marking a pivotal achievement in cross-border energy trade. The Kenya Electricity Transmission Company Limited (KETRACO) successfully conducted this trial run, as confirmed by KETRACO’s update from its National Control Centre, which was built to improve electricity…
Tanzania has officially launched its largest-ever fertilizer manufacturing facility, marking a big step towards reducing fertilizer imports. The $180 million (TSh 486 billion) plant will be located in the Nala Industrial Area of Dodoma. The country’s President Samia Suluhu Hassan, joined by Burundian President Évariste Ndayishimiye, inaugurated the project over the weekend. Operated by Itracom…
The Botswana Energy Regulatory Authority (BERA) has approved an average 24% electricity tariff increase for elite and industrial customers. In a press release on June 27, the agency also announced a 30% reduction in tariffs for domestic customers who consume less than 200 kilowatt-hours (kWh) per month. The tariff adjustment comes in response to a…
Oil prices slipped on Monday as geopolitical tensions in the Middle East began to ease. Fresh signals also emerged that OPEC+ may increase output in August, raising supply expectations. This comes amid ongoing concerns about weaker global demand. The retreat came as traders priced out most of the risk premium added earlier in June, when…
Sierra Leone has announced plans to become West Africa’s newest oil and gas frontier. The country said it is carrying out its first offshore 3D seismic survey in more than a decade. A senior official said the fresh licensing round is expected to launch by October Director General of the Sierra Leone Petroleum Directorate, Foday…