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Ghanaโs Minister of Energy and Green Transition, John Abdulai Jinapor, has announced that the Electricity Company of Ghana (ECG) collected GHยข1.6 billion ($154.6 million) in revenue during the first six months of 2025
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $72 million financing package to support Egyptโs first ever utility-scale Battery Energy Storage System (BESS) Project.ย In a press statement, the IFC said the funding will enable the development of Egyptโs first utility-scale Battery Energy Storage System (BESS), marking a…
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…
Mauritaniaโs 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 Mauritaniaโs 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 Kenyaโs national grid for the first time, marking a pivotal achievement in cross-border energy trade.ย The Kenya Electricity Transmission Company Limited (KETRACO) successfully conducted this trial run, as confirmed by KETRACOโs update from its National Control Centre, which was built to improve electricity…
The Botswana Energy Regulatory Authority (BERA) has approved an average 24% electricity tariff increase for elite and industrial customers.ย 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.ย The tariff adjustment comes in response to a…
Burundiโs President รvariste Ndayishimiye inaugurated the power plant, marking the first phase of the $320 million Power Project.
South Africaโs energy transition is not simply about retiring coal plants and installing solar panels
US-based energy firm, Hydro-Link, has signed a memorandum of understanding to build a 1,150-kilometer electricity transmission line between Angola and the Democratic Republic of the Congo (DRC). At the signing ceremony on the sidelines of the 17th U.S.-Africa Business Summit in Luanda, Angola, Paul Hinks, CEO of Hydro-Link said the $1.5 billion project is set…
US-based Anzana Electric Group has announced plans to fund the construction of the stalled hydropower plant on the Ruzizi River between Rwanda and the Democratic Republic of the Congo.ย The announcement comes as part of peace talks mediated by the United States between the two countries. In a joint statement, Anzana Electric Group and Rwanda-registered…
Tanzaniaโs government has announced plans to invite private investment into the countryโs electricity transmission projects for the first time. Speaking on the sidelines of the Africa Energy Forum in Cape Town, Felchesmi Mramba the Permanent secretary of Tanzaniaโs Ministry of Energy said the government has received strong interest from potential investors following the Cabinetโs approval…
The Republic of Mauritius is seeking investors to finance the development and operation of a flagship floating power plant which will aid the country address its growing electricity demand. In an official tender issued by the state-owned Central Electricity Board (CEB), the proposed plant will run on heavy fuel oil and will have a capacity…
The government of Niger Republic has announced plans to fully nationalize the Niger Electricity Company (NIGELEC), effectively ending its status as a mixed-ownership firm. The decision, confirmed at the June 19 Council of Ministers meeting, will see the company transfer all its capital and assets to the State, with its Board of Directors dissolved. Minority…
The government of Cameroon has unveiled an ambitious plan to connect 8 million people to its national grid in an effort to achieve universal electricity access by 2030. Speaking at the Africa Energy Forum in Cape Town, South Africa, Cameroonโs Minister of Water and Energy, Gaston Eloundou Essomba, said the country will need $12 billion…
There are useful lessons to be learnt from those, such as South Africa, who are further on the journey in adopting open markets than others, such as Kenya and Zambia.
Namibiaโs government has introduced an electricity subsidy worth N$140 million ($7.9 million) to increase national electricity access from 60% to at least 70% by 2030.ย This forms part of the governmentโs goal of connecting more than 200,000 households to the grid by 2030.ย Speaking at the signing of a new round of Service Level Agreements…
The state-owned utility company of Kenya, Kenya Power, has reportedly released the sum of $1.1 billion to Kenya Electricity Generating Company PLC (KenGen) and Independent Power Producers (IPPs) in the 2023/24 financial year. This was contained in a statement by the Energy Cabinet Secretary, Opiyo Wandayi, during a Senate Energy Committee session on Sunday. The…
South Africa has secured a new $2.2 billion commitment from World Bankโlinked funds to fast-track the phase-out of coalโmarking the second major energy transition support package the country has received this month. The funding package includes contributions from the Climate Investment Fundsโ (CIF) Accelerating Coal Transition initiative, which, along with additional support from multilateral lenders,…
The African Development Bank (AfDB) has approved โฌ19.6 million in financing to support the Cabeรณlica Phase II Expansion Project in Cabo Verde. The project advances Cabo Verdeโs goal of generating 50% of its electricity from renewables by 2030 as well as its Nationally Determined Contribution under the Paris Agreement. The project is the West African…
Kenyaโs Ministry of Energy and Petroleum, led by Cabinet Secretary James Opiyo Wandayi, announced on June 15, 2025, plans to construct the nationโs first nuclear power plant in Siaya County, near Lake Victoria.ย The Nuclear Power and Energy Agency (NuPEA) aims to develop a 1,000-megawatt (MW) facility, with construction scheduled to commence in 2027 and…