Power
Top stories
The planned increase is expected to impact households and businesses, further straining budgets in an already difficult economic environment.
Ethiopian Electric Power (EEP), the state-owned utility, reported a reduced loss of 10.1 billion birr (approximately $82 million) for the 2024 fiscal year amid a substantial debt portfolio.
Indian mining firm Vedanta Resources is seeking to raise approximately $1 billion in debt financing to support the development of its Konkola Copper Mines (KCM) in Zambia, according to Chris Griffith, head of the company’s base metals unit.
The Nigerian government allocates over N200 billion each month to subsidize electricity costs, with the aim to provide affordable power to millions of its citizens.
The Nigerian Federal Government has announced the rollout of seven million prepaid meters, starting in 2025, in a significant move to improve transparency and fairness in electricity billing.
The Managing Director of the Nigerian Rural Electrification Agency (REA), Abba Aliyu, has disclosed an ambitious plan to provide electricity to 25 million Nigerians in a span of three years.
For the first time in 10 months, South African homes and businesses were hit by scheduled power cuts on Friday due to breakdowns at state power utility Eskom Holdings’ coal-fired power stations.
South Africa’s energy regulator on Thursday granted state power utility, Eskom Holdings, an average tariff increase of 12.7% for 2025/2026, a third of what the debt-laden company had requested.
The West African Gas Pipeline Company (WAPCO) is set to begin maintenance on the offshore segment of the pipeline that runs from Nigeria to Aboadze in Ghana, starting on February 5th.
The African Development Bank (AfDB) is working on mechanisms to boost access to local currency financing to support a new initiative aimed at providing electricity to 300 million people in Africa by 2030.
The World Bank Board of Directors has approved $150 million to Ghana to support the country’s energy sector to ensure reliable energy supply to households, businesses and industries in the country.
Embattled South African state-owned utility, Eskom, faces renewed scrutiny over its financial viability following a new audit by the auditor-general’s office.
The African Guarantee Fund (AGF) announced the launch of its Mission 300 Local Currency Guarantee Facility to mobilize $5 billion to support energy access projects across Africa.
The Mission 300 Africa Energy Summit, held on January 27-28, 2025, in Dar es Salaam, Tanzania, concluded with significant pledges and strategic plans aimed at providing electricity access to 300 million Africans by 2030.
Nigeria’s President, Bola Tinubu, has requested $1.3 billion in funding from the African Development Bank (AfDB) to support electricity projects across the country.
The government of Malawi and the World Bank have signed the Accelerating Sustainable and Clean Energy Access Transformation (ASCENT) deal, aimed at providing energy access to over 4 million people.
The Islamic Development Bank (IsDB) and the Asia Infrastructure Investment Bank (AIIB) have announced a pledge of about $6.15 billion in funding for an initiative to connect 300 million Africans to electricity in the next six years.
The World Bank says it is funding a $1 billion project to expand Cameroon’s Nachtigal hydropower plant from 60 MW to 360 MW.
The World Bank has announced plans to invest between $30 billion and $40 billion in electricity projects across Africa, as part of its commitment to tackling energy poverty on the continent.
A dozen African nations, including Nigeria, Senegal, Zambia and Tanzania have committed to opening up their electricity sectors to attract investors and accelerate energy access to 300 million people in the next six years.