The Government of the Democratic Republic of the Congo and General Electric have announced signing of an MoU in infrastructure projects enabling the increase in the supply of electric energy and health modernization programs.
Science, Technology, Engineering and Mathematics (STEM) studies are becoming increasingly important for the continuous development of innovative solutions to solve challenges in diverse sectors.
Small and medium-sized enterprises (SMEs) in Morocco will benefit from an EBRD credit line of up to €20 million to Crédit du Maroc dedicated to green investment and the development of value chains.
The EIB has signed a financing agreement of EUR 120 million with the Arab Republic of Egypt to support the expansion and upgrade of the Alexandria West Waste Water Treatment Plant (WWTP).
Aker Energy has awarded Fugro a contract for geotechnical and geophysical survey services in relation to the Pecan field, offshore Ghana.
Empower New Energy has partnered with the Norwegian Refugee Council to seek sustainable solutions for replacing fossil fuels with renewable solar energy in Ethiopia.
Efacec was selected for the engineering, purchase and construction (EPC) contract for operation and maintenance (O&M), of a 41 MWp solar plant, located in Metoro, northern Mozambique.
The EBRD is boosting small businesses and green investments in Egypt with a US$ 82 million financial package to QNB Alahli, one of the country’s largest commercial banks, for on-lending to local enterprises.
Globeleq and IPS (West Africa) announced that their subsidiary, Azito Energie SA has reached financial close on its 253 MW expansion of the existing Azito gas-fired power plant near Abidjan, Côte d’Ivoire.
Nexans and ENGIE signed a 15-year contract for the design, implementation, provision, servicing and maintenance of a rooftop photovoltaic plant in Mohammedia factory, with an installed capacity of 2.5 MW.
Ethiopia Electric Utility (EEU) has unveiled a new SAP ERP system to streamline its billing processes and provide increased customer service efficiency.
Trident Energy has commenced a 4D seismic acquisition operations over their Block G assets, which contain the Ceiba and Okume Fields, offshore Equatorial Guinea.
The African Development Fund (ADF) has approved a $34.74 million grant and loan to boost renewable energy access and promote an attractive investment climate in Liberia.
Thousands of Basotho living in rural and peri-urban areas will have better access to reliable and affordable electricity as a result of $40 million in new financing from the World Bank’s International Development Association.
ECOWAS, World Bank collaborate on securitisation of payments related to cross-border power trade in West Africa
Ministers in charge of Energy from Six Member States of ECOWAS and the World Bank met in Côte d’Ivoire to collaborate and adopt a policy on the Securitisation of Payments Related to Cross-Border Power Trade in West Africa.
AVZ Minerals announces that its subsidiary AVZ Power, has signed a Memorandum of Understanding with the DRC Ministry of Hydraulic Resources and Energy to investigate refurbishment of the MpianaMwanga hydro-electric power station.
Schneider Electric Solar has entered into a strategic alliance with Qbera Capital, a leading asset management & independent advisory firm, to further support solar energy growth across selected frontier & emerging markets.
SDX Energy announces that the OYF-2 well in Morocco has been drilled to a measured depth of 1,210 meters and has encountered commercial quantities of gas in excess of pre-drill estimates.
In a step that will further strengthen relations between India and Ghana, IndianOil has signed a MoU with the NPA of Ghana for providing its assistance and technical expertise in the implementation of Ghana's National LPG Promotion Policy.
The Director-General IRENA and the President of Burkina Faso met at the IRENA headquarters in Abu Dhabi and discussed opportunities for accelerated renewable energy deployment in Burkina Faso.
The United Kingdom has reaffirmed its commitment to Africa’s economic transformation.
Eni signed a new long term contract for the purchase of 1.5 million tonnes of liquefied natural gas with Nigeria LNG, a joint venture between NNPC, Shell, Total and Eni, with Eni having a participating interest of 10.4%.
The Monetary Policy Committee (MPC) lowered the Central Bank Rate (CBR) to 8.25% from 8.50%, citing a backdrop of domestic macroeconomic stability, potential risks to food supply and increased global uncertainties.
Gigawatt Global’s 7.5MW solar plant in Burundi becomes the first grid-connected project supported by the Renewable Energy Performance Platform (REPP) to begin full construction.
NHV Group and Tropical Arctic have entered into a teaming agreement to allow both companies to jointly pursue strategic opportunities in Nigeria and West-African offshore industry.
Bboxx, a British next generation utility company signed a memorandum of understanding with the Government of the Democratic Republic of Congo to bring affordable, reliable and clean electricity to 10 million citizens by 2024.
SAExploration, an international oilfield services company has won two new projects in offshore West Africa.
Globeleq, the leading independent power producer in sub-Saharan Africa, has signed a joint development agreement with the Togolese government to develop a utility-scale renewable energy project.
Opportunity2030: The Standard Chartered SDG Investment Map reveals a $197 billion opportunity for private-sector investors in five high-growth markets in Africa.
USAID and USADF announces plans to award a total of $400,000 in grant funding, with support from Citi Foundation, to 42 young African social entrepreneurs who are developing businesses to drive social and community change.
The European Commission (EU) signed four guarantee agreements worth €216 million that will help unlock €2 billion to invest in renewables, urban infrastructure and start-ups in Africa and the Neighbourhood.
The PetroSA Board announces the appointment of Mr. Pragasen Naidoo as a new Group CEO, subject to transitional arrangement with Central Energy Fund.
Australia's FAR has signed a binding Memorandum of Understanding with Glencore Energy (UK) for the full allocation of the Company’s share of crude oil from the Sangomar Field, offshore Senegal.
The Governments of Zambia and Zimbabwe with support from the COMESA Secretariat are planning a joint industrialization programme which will build on the experiences and lessons learned from the existing joint ventures.
The Egyptian Ministry of Petroleum has signed nine agreements with a gross investment of $452.3 million for oil and gas exploration in the Mediterranean and Western Deserts.
The UK has invested millions in clean energy projects across Africa, to support the continent's growing energy needs.
BW Energy announces the successful completion of the second production well of the Tortue Phase 2 development in Dussafu Marin permit offshore Gabon.
The Transmission Company of Nigeria (TCN) has successfully completed the installation and commissioning of yet another power transformer, this time in its Asaba Transmission Substation, Delta State.
VAALCO Energy announces that the company has sucessfully restored production at Etame 10H well and Etame 4H Well, located offshore Gabon.
PASH Global has acquired a 49.9 percent share in the solar photovoltaic (pv) farm project in Mali being developed by independent renewable energy power producer Akuo Energy.
A World Bank Group delegation of Executive Directors concluded a four-day visit to Egypt and expressed its commitment to continue supporting Egypt's development priorities.
The Vice President of Ghana launched a digital Command and Control Centre for Bulk Road Vehicle and an Electronic Cargo Tracking System to be run by the National Petroleum Authority (NPA).
Through a USD 10 million commitment to Metier Sustainable Capital International Fund II, Proparco has pledged its continuous support of renewable energy, resource efficiency and energy efficiency projects in Africa.
FAR has taken the Final Investment Decision and received final credit approvals for an underwritten $300 million senior secured reserve-based lending facility for the Sangomar Field Development offshore Senegal.
Africa Oil announces the closing of the acquisition of a 50% ownership interest in Petrobras Oil and Gas B.V. in Nigeria.
Ministers from Egypt, Ethiopia and Sudan reached a long-awaited agreement on the operation of the Grand Ethiopian Renaissance Dam, which will represent the largest hydropower project on the continent upon completion.
ANPG, State concessionaire for oil & gas rights in Angola, assigned Block 28 to Eni (as Operator with 60%), as a result of the international competitive Bid Round 2019.
Eni announces the start-up of its offshore Agogo oilfield, situated in the 15/06 Block in the Angolan waters.
The Government of Ghana received, as part of Germany’s Compact with Africa programme, €250 million from the Government of the Federal Republic of Germany to upgrade and expand the country’s electricity transmission infrastructure.
Standard Bank, Africa’s largest banking group by assets, is partnering with the UK Government to sponsor the inaugural UK-Africa Investment Summit, to be held in London on 20 January 2020.
Vivo Energy Mauritius has been awarded ISO 45001: 2018 certification for its depots, the latest international standard which establishes requirements in terms of health and safety at work.
The EBRD is investing US$ 60 million to become a shareholder in Infinity Energy S.A.E., one of Egypt’s leading private energy companies through the issuance of new shares.
Clarke Energy, a Liverpool engineering company is helping African businesses reduce carbon emissions thanks to innovative hybrid engines.
Siemens has signed a Memorandum of Understanding (MoU) with the Republic of Ghana to address the country’s energy and infrastructure challenges.
Anglo African Oil & Gas, an independent oil and gas developer has entered into a term sheet for a put and call option agreement with Zenith Energy over the residual holding of 20 per cent in AAOG Congo.
Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development aid, formalised three loan agreements valued at US$33 million (AED121 million) with the Governments of Togo, Niger and Liberia.
Safaricom and M-Gas have today announced the launch of a, prepaid gas service for Kenyan households.
The Facility for Energy Inclusion’s Off-Grid Energy Access Fund (FEI OGEF) has reached a final equity close with $59 million in committed equity capital and $36 million debt facilities, to support innovative, off-grid energy access companies.
VAALCO Energy announces that the Etame 11h development well has been successfully completed and placed on production at higher than anticipated rate.
The AfDB has approved a $20 million investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across Sub-Saharan Africa.
SDX announces that its reserves at South Disouq have been upgraded by 35% to gross 89 BCFE from gross 66 BCFE.
Zenith Energy announces that it has reached an agreement to provide a secured loan facility to Anglo African Oil & Gas (AAOG) for a total amount of £250,000.
One of Malawi’s first solar projects has reached financial close after attracting investment volume totaling $67 million USD.
The Board of Directors of the African Development Bank (AfDB) approved a Partial Risk Guarantee (PRG) of $100 million to support the Sahofika hydro-power project in Madagascar.
Small and medium-sized enterprises in Egypt will benefit from a US$ 150 million financing package from the European Bank for Reconstruction and Development (EBRD) to the National Bank of Egypt (NBE).
Equatorial Guinea’s Ministry of Mines and Hydrocarbons has concluded its evaluation of work programs and budget meetings of multiple oil blocks in the country, corresponding to the 2020 fiscal year, which has yielded many successful results.
BP announced that its recent three-well drilling campaign offshore Mauritania and Senegal has further confirmed the world-class scale of the gas resource in the region.
The African Development Bank (AfDB) and the African Union Development Agency (AUDA-NEPAD) have agreed to jointly develop a blueprint for a pan-continental electricity network and market.
Donors of the African Development Fund (ADF) agreed to commit $7.6 billion to speed up growth in Africa’s poorest nations and help lift millions out of poverty.
Eni Tunisia inaugurated a new photovoltaic plant in partnership with the national company, Entreprise Tunisienne d’Activités Pétrolières (ETAP).
Sasol and Haldor Topsoe announced that they have entered into a collaboration agreement to jointly license their Gas-To-Liquid (GTL) technologies.
ENGIE and its consortium partners inaugurated the 262.5 MW Ras Ghareb wind park, Egypt’s first private and largest wind farm.
Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, announces the start of new marine seismic acquisition programs on Block 11B/12B offshore South Africa.
The President of Senegal Macky Sall announced the cancellation of the Bargny coal-fired plant, in line with the country’s commitments under the Paris Agreement.
In the context of what PwC’s Africa oil & gas review 2019 describes as an exciting growth phase for the continent fuelled by large oil and gas discoveries and subsequent increased investor appetite, the MSGBC Basin shines through.
Norway’s DOF Subsea has entered into a 2 month long contract with an international energy client in Africa.
The U.S. Trade and Development Agency awarded a feasibility study grant to the Egyptian Petrochemicals Holding Company (Echem), for what will be Egypt’s first polyoxymethylene (POM) plant.
Ocean Infinity, the next generation sub-sea technology and data company has been awarded a contract by Total E&P Angola.
The Development Bank of Southern Africa (DBSA) has provided finance to the Government of Mozambique's national energy utility, Electricidade De Mocambique, EDM.
TDB, EIB deepen partnership with $120m 15-year SME, climate action facility in Eastern, Southern Africa
The Trade and Development Bank (TDB) and the European Investment Bank (EIB), signed a USD 120 million 15-year SME and climate action facility to grow the relationship between the Eastern and Southern African countries.
World Bank approves action plan following inspection panel investigation of Uganda energy, water projects
The World Bank considered a Management Report and approved a Management Action Plan that respond to an independent Inspection Panel investigation of the Uganda Energy.
Genser Energy Ghana has has successfully achieved financial close for a USD366m funding package including a new syndicated senior loan facility of USD230m, a mezzanine loan and preference shares.
The Rockefeller Foundation and All On, a Nigerian off-grid energy impact investment company funded by Shell, have announced the launch of the All On Hub,
PetroNor announces that it has finalised and entered into separate investment and shareholders agreement with the OML 113 operator, Yinka Folawiyo Petroleum (“YFP”) to manage Aje oil and gas field, offshore Nigeria.
Vivo Energy Maroc, the company in charge of the marketing and distribution of Shell brand fuels and lubricants in Morocco and Butagaz brand Liquefied Petroleum Gas, appointed George Roberts to be the new Managing Director, effective 1, 2019
AfDB approves €48,82 million for Desert to Power Yeleen programme to increase solar generation in Burkina Faso
The African Development Bank (AfDB) has approved a €48,82 million loan to the Government of Burkina Faso for the Yeleen solar plant, intended to boost national power supply.
VAALCO, Houston, USA based, independent energy company announces Etame 9H development well has been successfully completed and placed on production at higher than anticipated rate.
MafAfrique and Unet Energia Italiana will be jointly exploring the Africa’s emerging energy opportunities within the first half of 2020.
A week-long Outward Trade and Investment Mission to Pemba and Maputo in Mozambique has whetted the appetite of South African business people for mega gas projects plans.
SAA has launched project Reya Fofa, a follow up to project Solaris which made SAA and Mango Airlines be the first airlines in Africa to operate commercial flights, powered by sustainable aviation fuel produced from nicotine-free tobacco plant.
The Board of Directors of the African Development Bank Group has approved a $210 million financing package to the Federal Republic of Nigeria for the Nigeria Transmission Expansion Project.
Investec has acted as Nominated Adviser, Financial Adviser and Broker to ITM Power on its intention to raise at least £52 million through a strategic investment of £38.0 million at 40 pence per share by Linde UK Holdings.
IBM invited Kenyan developers to take part in the IBM Digital - Nation Africa: Smart Water Challenge to create localized, sustainable solutions that address water issues.
Equatorial Guinea’s government has announced its plans to construct a natural gas megahub project.
EDF Renewables, the renewable energy subsidiary of EDF Group and KarmSolar, a developer and supplier of solar power in Egypt, are entering into a strategic partnership in the development of distributed solar in Egypt.
The European Bank for Reconstruction and Development (EBRD) has supported the modernisation of Egypt’s oil industry with a $50 million loan to upgrade the oil refinery owned by Suez Oil Processing Company.
The European Bank for Reconstruction and Development (EBRD) has supported the development of a more resilient and robust electricity grid across Egypt with a €182.9 million loan to the Egyptian Electricity Transmission Company.
The African Development Bank (AfDB) has approved a long-term Senior Loan of $ 400 million to support the building of an integrated Liquefied Natural Gas (LNG) plant, including a liquifaction facility in Mozambique.
The CEO of the U.S. International Development Finance Corporation (DFC), announced a commitment to provide $430 million in insurance to advance energy security in Egypt.
KfW Development Bank together with Allianz Global Investors have set up a fund of funds that will provide financial resources for African private equity and venture capital funds.