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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.
The Rural Electrification Agency (REA) of Nigeria has announced plans to connect 1.5 million Nigerians to mini electricity grids in the country.
A Namibian company, ISF Trading Enterprises, has announced plans to build a 300,000 barrels per stream day (BPSD) modular oil refinery at Walvis Bay in Namibia.
UK based mining firm, Jubilee, has secured regulatory approval for its new power supply agreement in Zambia, ensuring a stable energy supply for its Roan copper concentrator and Sable Refinery.
The Nigerian government has proposed moving more electricity consumers to Band A electricity tariff in place of instituting another rate hike.
South Africa has recorded an increase in coal exports for the first time in seven years, with shipments from Richards Bay Coal Terminal (RBCT) reaching 52.1 million tons in 2024 a 10% rise from the previous year.
Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), reported a 115% increase in revenue which enabled it to pay N33.2 billion to the Nigerian federal government.
The Nigerian government reportedly deployed 5 million meters in the year 2024 to help address electricity challenges and bridge the metering gap.
Abu Dhabi-based Phoenix Group, a leading cryptomining and blockchain conglomerate, has announced its expansion into Africa with an 80-megawatt (MW) power purchase agreement (PPA) in Ethiopia.
Electricity Distribution Companies (DisCos) in Nigeria have announced new prices for various electricity meter models.
South Africa’s state-owned utility, Eskom Holdings, said it has, for the first time since 2018, delivered 300 consecutive days of electricity generation without load shedding at midnight.
West African country, Ghana, is seeking investors to develop wind and tidal wave energy projects to expand its renewable energy portfolio and strengthen the national grid.
These actions are expected to unleash American energy, prioritize fossil fuel development, and reverse several climate initiatives from the outgoing administration of Joe Biden, emphasizing his “Drill, Baby, Drill” ambitions.
Africa is on course to surpass Europe in geothermal energy production by 2030, becoming the world’s third-largest producer after Asia and North America.
A consortium of three companies—North-South Power Company Limited (NSP), Axxela Limited, and the Stanbic IBTC Infrastructure Growth Fund (SIIF)—has successfully acquired a 60% stake in Eko Electricity Distribution Company (Eko DisCo).
Amsterdam-based renewable energy firm Photon Energy Group is making significant strides in South Africa’s clean energy sector with the development of a 250-megawatt (MW) concentrated solar photovoltaic (PV) plant integrated with 150 MW/1.8 GWh of thermal hydro storage in Winterton, KwaZulu-Natal.
Caledonia Mining Corporation Plc has announced plans to invest an additional $41.8 million in expanding its Zimbabwean mining operations in 2025, building on the strong performance of its flagship Blanket Mine.