Governance and Regulations
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Nigeria’s energy sector is seeing a late-year rush of capital as major players push through acquisitions, mergers, and exit deals ahead of the close of 2025, with deep-pocket investors leaving little to chance in locking in value.
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 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.
Senegal has approved its share of the capital payment for the African Energy Bank (AEB), bringing the continent closer to launching a financing institution for energy projects.
Ethiopia and Nigeria have signed the preliminary agreement for a Gas-by-Rail Economic Corridor Initiative (GBR-ECI), launching a significant project that will involve the building a 73,500-kilometre freight railway connecting 40 sub-Saharan African countries.
The Nigerian government has pledged to revive the Aluminium Smelter Company of Nigeria (ALSCON) in Ikot Abasi, Akwa Ibom State, by reconnecting it to the national grid after twenty-six years of inactivity.
South Africa’s power utility, Eskom, faces labour pressure as workers demand a 15% wage increase just as the company records its first profit in eight years.
Portuguese Energy Company, Galp Energia, has begun steps to resolve its ongoing tax dispute of about $300 million with Mozambique through an International Arbitration Tribunal.
Foreign direct investment (FDI) in sub-Saharan Africa hit $70 billion between 2022 and 2025, with the energy sector leading the growth, a new McKinsey Global Institute report shows.