Eskom and the Special Investigating Unit (SIU) issued summons in the North Gauteng High Court to recover funds from former Eskom executives, former Board members, members of the Gupta family and their associates, and others.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against a network of smugglers contributing to instability in Libya.
Panelists at the 'Germany-Africa Economic Relations: Making Deals Post COVID-19' webinar sought to mobilize German investment into the African energy sector.
The African Export-Import Bank (Afreximbank) is supporting the advancement of Mozambique’s energy industry and economy by committing up to $400 million in guarantees and direct lending to the Area 1 LNG project.
High Court rules in favour of government to localise production of industrial components in South Africa
The Gauteng High Court ruled in favour of Government in a matter involving procurement conditions applicable to electrical transformers, a judgement that will boost efforts to localise production of key industrial components in South Africa.
The U.S. Trade and Development Agency (USTDA) has awarded a grant to Abuja-based Konexa for a feasibility study that will evaluate Nigeria’s access to reliable, privately generated renewable electricity.
The European Investment Bank (EIB) and the Afreximbank are directing €300m of financing to support the resilience and recovery of African nations in response to the COVID-19 pandemic.
Norskeide Subseatec, a subsidiary of Scana ASA has been awarded a contract to supply subsea equipment for field development in Africa and Southeast Asia.
The African Energy Chamber has nominated an Investment Advisory Committee, the last body to serve on its Advisory Board for 2020 and 2021, to provide solutions to finance Africa’s energy resurgence.
Cairn Energy has entered into an agreement to sell to LUKOIL its entire 40 per cent interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore Contract Area, including the Sangomar development, offshore Senegal.
Sonatrach has signed a Memorandum of Understanding with Cepsa to allow both companies to evaluate joint growth opportunities in the exploration, development and production of hydrocarbons in Algeria.
Vivo Energy Mauritius, company holding the Shell franchise in Mauritius, is expanding its product range with three new generations of lubricants in the Shell Helix and Rimula ranges.
In line with its plan to reduce its emissions of CO2, Sasol has signed an exclusive negotiation agreement for Air Liquide to acquire the biggest oxygen production site in the world located in Secunda in South Africa.
French logistics giant Bolloré Transport & Logistics has been awarded a four-year contract by Assala Energy to supply light transport vehicles for the company’s oil operations, expanding its footprint in Gabon.
Total announced that its 58% owned affiliate Total Gabon has signed an agreement with Perenco to divest its interests in seven mature non-operated offshore fields, along with its interests and operatorship in the Cap Lopez oil terminal.
The High Court delivered the Judgement on the Eskom Board review of the National Energy Regulator of South Africa’s (NERSA’s) decision on the Multi-Year Price Determination (MYPD), which requires Eskom to recover the R69bn.
African Energy Chamber appoints APO Group Founder and Chairman Nicolas Pompigne-Mognard to its Advisory Board
APO Group, the leading pan-African communications and business consultancy confirms that its Founder and Chairman, Nicolas Pompigne-Mognard, has been appointed to the Advisory Board of the African Energy Chamber.
Lumos has received new funding from Dutch entrepreneurial development bank, FMO, to expand its existing market for reliable, accessible and clean solar power in Côte d’Ivoire.
Global Petroleum announces that in connection with its licence PEL0094 offshore Namibia, the Ministry of Mines and Energy in Namibia has agreed to extend the licence sub-period from September 2020 to September 2021.
The exploration industry has been the hardest it by the Covid-19 pandemic and the subsequent historic crash in oil prices.
Eni, bp and Total have successfully tested the well drilled on the prospect called Bashrush, in the North El Hammad concession, in the conventional Egyptian waters of the Nile Delta.
The World Bank approved a total of $300 million in International Development Association (IDA) credits and grants to support reforms that will help promote electricity trade in West Africa.
Raxio Data Centre has achieved a key milestone in the construction of the Tier III carrier neutral data centre as it received key technical power equipment from the national distributor, UMEME Limited.
Eni has announced the successful drilling of the SWM-A-6X well, in the South West Meleiha development and exploration concession located in the Egyptian Western Desert, 130 km North of the of Siwa Oasis.
Millions of people, small holders and entrepreneurs in remote villages across Uganda are set to access reliable and cheap electricity for the first time under a new off-grid solar scheme.
As a major integrated LNG project in Mozambique advances toward fruition, the EXIM has reaffirmed its continuing support for the development by initiating the process of providing $4.7 billion in financing.
The USTDA has awarded a grant to Nigerian natural gas supply company Green Liquified Natural Gas to support Nigeria’s increased utilization of natural gas for power generation, local industry and additional economic growth.
South African banking group Standard Bank has invested $485 million in the Mozambique LNG project, joining 20 international banks that have invested close to $15 billion in the project.
ION Geophysical announced the first 3D multi-client program in Mauritania in partnership with the Ministry of Petroleum, Mines and Energy.
PJSC LUKOIL concluded an agreement with Cairn Energy to acquire a 40% interest in RSSD (Rufisque, Sangomar and Sangomar Deep) project in the Republic of Senegal for $300 mln in cash.
[South Africa] Sibanye-Stillwater, AngloGold, Sasol and Imperial join forces to distribute hand sanitisers
Sibanye-Stillwater, AngloGold Ashanti, Sasol and Imperial Logistics have formed a strategic partnership which will see Sibanye-Stillwater distributing hand sanitisers produced by Sasol to schools, health facilities and taxi ranks.
SONATRACH announced that the resumption of production at the natural gas liquefaction complex located in Skikda began, after a general shutdown to carry out periodic maintenance work.
Ezion Geber Energy will now formally represent Connector Subsea Solutions in Nigeria. The collaboration with a minimum 3 year duration will help support current Offshore Nigeria projects and enable growth across all pipeline repair product lines.
Zenith Energy has submitted a comprehensive commercial and technical offer to the Ministry of Hydrocarbons of the Republic of Congo for the attainment of a new 25-year license for the Tilapia oil field, to be named Tilapia II.
InfraCo Africa has signed an agreement with lead developer Joule Africa to provide $6 million of funding to the 143MW Bumbuna Hydro II initiative in Sierra Leone.
Loan financing stemming from the EEP Africa Catalyst window will accelerate REDAVIA’s C&I Solar Leasing Model with SMEs in Ghana and Kenya.
Engineer Elizabeth Rogo, the Founder & CEO of TSAVO Oilfield Services and President for East Africa at the African Energy Chamber has been appointed Non-Executive Director on the Board of Kenya Power.
Chevron Corporation has entered into a definitive agreement with Noble Energy to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share.
IFC committed $5.6 billion to private sector development in the Middle East and sub-Saharan Africa in fiscal year 2020, supporting businesses across the two regions.
The Development Bank of Southern Africa (DBSA) announced financing to the value of $120 million in Mozambique’s Area 1 Liquified Natural Gas (LNG) project.
The African Development Bank has concluded its bid to co-finance the construction of Mozambique's integrated Liquefied Natural Gas (LNG) plant by signing a senior loan of $400 million for the transformational project.
Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters (bcm), equivalent to the total annual gas consumption of Sub-Saharan Africa.
The African Energy Chamber and the Mozambican Oil & Gas Chamber have signed a cooperation agreement to support the development of local content in Mozambique and the attraction of investments.
Emerging domestic natural gas and helium producer Renergen has announced the commencement of South Africa’s first ever Liquefied Natural Gas (LNG) auction.
General Electric (GE) has appointed Nyimpini Mabunda as the Chief Executive Officer for Southern Africa.
Africa Investment Forum founding partners unveil unified COVID-19 response to support Africa’s private sector
Increased and decisive investment will be the channel for Africa’s economic recovery post COVID-19, partners of the Africa Investment Forum said, expressing confidence in the continent’s potential to rebound from the ongoing health and economic crises.
AfDB approves Fourth Monitoring Report on Management Action Plan for Eskom’s Medupi Power Project in South Africa
The AfDB approved the recommendations of the Fourth Monitoring Report of the Independent Review Mechanism on the implementation of the Updated Management Action Plan for Medupi Power Project in South Africa.
The African Development Bank (AfDB) approved recommendations of the First Monitoring Report of the Independent Review Mechanism (IRM) on the Sendou Coal-Fired Power Plant Project in Senegal.
The Kigali Amendment to the Montreal Protocol, an international agreement to cut the use of climate-warming hydrofluorocarbons has reached a major milestone, with Liberia becoming the 100th nation to ratify the Amendment.
To meet its soaring demand for energy, Egypt is turning to renewable sources. Its targets, if accomplished, will see it become a pioneer in the African energy landscape. But are the plans realistic?
IFC announced a $12 million loan to Rider Iron and Steel Ghana to support the company’s construction of a steel manufacturing plant that will increase Ghana’s domestic steel production, creating thousands of jobs.
The Japan Bank for International Cooperation (JBIC) signed a loan agreement in Mozambique LNG project financing amounting up to $3 billion.
French oil major Total has secured $15.8 billion in funding from South African lender FirstRand’s local unit, First National Bank Mozambique, for the development of the $20 billion LNG Golfinho-Atum gas field in northern Mozambique.
The European Investment Bank (EIB) approved € 16.6 billion of new financing for projects across Europe and around the world, including more than € 10 billion of COVID-19-related investment to improve public health.
Guinea will join one of the largest affordable housing initiatives in the world, following a new agreement that will see some 200,000 affordable homes built over the next 10 years.
IFC announced it will provide €23 million in financing to Tunisian company One Tech Holding to spur job creation and economic growth in Tunisia and Morocco.
IFC is joining forces with the National Bank of Egypt and MSMEDA to strengthen the clean technology entrepreneurship sector and boost Egyptian farmers’ access to finance for solar irrigation.
The African Energy Chamber has appointed a US-Africa Committee to serve on its Advisory Board and support the development of stronger energy cooperation and investment between the United States and Africa.
LEKOIL announced that the Otakikpo Joint Venture (Otakikpo JV) has executed definitive agreements for the next phase of the Otakikpo marginal field development.
The Board of Directors of the Bank of Central African States (BEAC) has allowed the opening of foreign currency escrow accounts by petroleum and mining operators.
Seplat Petroleum Board of Directors appointed Mr. Emeka Onwuka as Chief Financial Officer (CFO) and Executive Director of the Company, joining the Seplat Board, effective August 1, 2020.
The World Bank discussed the Rwanda Country Partnership Framework (CPF) for the period 2021-26, to guide the Bank’s work for the next 6 years supporting the Government of Rwanda’s strategic priorities.
French oil major Total and its project partners are set to resume drilling at block 11B/12B in the Luiperd prospect, where Total in early 2019 flagged potential resources of 1 billion barrels of oil equivalent, in September.
Australian exploration company Pensana Rare Earths has listed its Longonjo project in Angola on the London Stock Exchange, representing the U.K.’s first resources-focused IPO since COVID-19.
International oil & gas production company focused on pursuing African development opportunities Zenith Energy announces it has entered into a joint venture agreement with a local oil & gas company in the Republic of the Congo.
TechnipFMC has signed a major Engineering, Procurement, and Construction contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt.
Uganda’s real gross domestic product (GDP) growth in 2020 is projected to be between 0.4 and 1.7% compared to 5.6% in 2019, according to the latest edition of the Uganda Economic Update released by the World Bank.
IFC announced it is providing $35 million as part of a $200 million credit facility arranged by Societe Generale to enable Addax Energy SA to deliver critical energy imports to Mauritania.
The World Bank Board of Directors has approved $425 million financing to support the provision of infrastructure finance in Eastern and Southern Africa.
The African Energy Chamber and its partners have launched a free-of-access jobs portal for trained and qualified African workforce.
The African Energy Chamber expresses its concerns over the alleged arrest and detention of three energy executives in Tanzania last week.
BUA Cement to establish ultramodern 3,000,000 metric tonnes cement plant, 50mw power plant in Adamawa, Nigeria
West Africa’s BUA Cement announced it is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk and Lamurde local governments of Adamawa state in the North Easter region of Nigeria.
Following an evaluation of the exploration potential of the blocks and an assessment of the report of the pre-feasibility phase of the EIA, Sasol has decided to relinquish its exploration license in Blocks 16 & 19 offshore Mozambique.
Integrated chemicals and energy company Sasol and Enaex, a subsidiary of the Sigdo Koppers Group, announced the start of new explosives joint venture Enaex Africa operations in Southern Africa.
Algeria’s Hydrocarbons Company SONATRACH and Italian's ENI signed several cooperation agreements in the gas sector and a memorandum of understanding on the possibilities of investment in the exploration and production of hydrocarbons.
First Aid Africa and Renovagen Ltd have announced the success of a rapid response project to support testing operations in the fight against the COVID-19 pandemic in Zambia.
[Column] Siyabonga Mbanjwa: Delivering sustainable energy across Africa in a more accessible and reliable way
The global Coronavirus pandemic has disrupted the operating environment for both the public and private sectors as a result of the unprecedented lockdowns and restrictions put in place by countries to curb infections.
The South African Department of Mineral Resources and Energy (DMRE) has switched to a new formula for calculating official domestic liquefied petroleum gas (LPG) prices.
Five years into the African Development Bank’s ambitious New Deal on Energy for Africa, the Bank’s investments are set to provide electricity access to around 13 million people.
Eni, BP and Total have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush.
The World Bank approved a total amount of $425 million in International Development Association (IDA) financing to support the provision of infrastructure finance in Eastern and Southern Africa.
As a sign of its strong commitment to Africa, the World Bank’s Sub-Saharan Africa Regional portfolio will now be managed by two Vice Presidents, covering Western and Central and Eastern and Southern Africa, respectively.
Nigerian electricity distribution company Ikeja Electric has metered over one hundred and twenty thousand households between 2018 and June 2020, in line with its commitment to bridge its metering gap.
Mozambique’s state-owned National Hydrocarbon Company (ENH) has assured the partners in Mozambique’s Liquefied Natural Gas (LNG) project a $20 billion gas project led by Total.
Emerging domestic natural gas and helium producer Renergen announced that Total South Africa Proprietary and the Company signed an agreement for the joint marketing and distribution of Liquefied Natural Gas (LNG).
Total and Sonatrach have signed an agreement to renew their partnership in the field of liquefied natural gas (LNG).
With 1.2 billion people and the youngest population on the planet, the African continent has great potential and much room for improvement to become one of the most vibrant economic centers globally.
The World Bank approved the Power Sector Recovery Operation (PSRO) of $750 million in International Development Association (IDA) credit to improve the reliability of electricity supply in Nigeria.
Oil and gas company FAR has not paid the most recent development cash call received by it and has accordingly received notification from the Operator of the RSSD Joint Venture that FAR Senegal is in default.
[South Africa] Sasol announces beneficial operations of fifth and sixth Lake Charles chemical project facilities
Integrated chemicals and energy company Sasol announced that the Guerbet alcohol unit at our Lake Charles Chemicals Project achieved beneficial operations, three days after achieving beneficial operations on the Ziegler alcohol unit.
REDAVIA has signed four new COVID-19 Resilience Leases in Ghana and Kenya, offering these businesses six months of free solar to withstand the COVID crisis.
The Nigerian National Petroleum Corporation (NNPC), Group Managing Director Alhaji Mele Kyari announced that the corporation has commenced oil exploration exercises in the Bida Basin comprising eight local governments in Niger state.
As African oil and gas countries struggle with Covid-19’s devastating impact on demand, two international groups seem to be celebrating it.
IFC is investing up to $10 million in a local Egyptian company to help it expand installation of digital prepaid and smart electricity meters in Egyptian homes.
Redavia , a global market provider of cost-effective, reliable, and clean solar power for businesses, has signed four new COVID-19 Resilience Leases in Ghana and Kenya.
The Board of Directors of the African Development Bank has approved a 225 million euros loan to finance Egypt's Electricity and Green Growth Support Program
Mozambique’s National Petroleum Institute (INP) has announced that the final investment decision (FID) for its planned $30 billion Rovuma liquefied natural gas (LNG) project will be taken by ExxonMobil in 2021.
Sasol has appointmented Priscillah Mabelane as Executive Vice President, Energy Business, effective 1 September 2020 and she will also serve as a member of Sasol’s Group Executive Committee (GEC).
C-Kore Systems completed a successful campaign offshore Nigeria with VAYCO Oil tools and local Nigerian partner Cranium Engineering.
Over the past few years, the African Energy Chamber has been instrumental in promoting collaboration within the African energy industry.