IRENA penned formal partnerships with the Food and Agriculture Organisation (FAO), US Aid’s Power Africa and Enel Foundation, to further its long-standing commitment to cooperative energy transformation action.
IFC announced a loan to Kioo, East Africa's largest producer of glass bottles, to help the Tanzanian company weather COVID-19-related challenges, protect jobs, and invest in energy-efficient machinery to reduce its carbon footprint.
International technology group ANDRITZ has received an order from Mainstream Energy Solutions for the modernization of one generation unit at Jebba hydroelectric power plant on the Niger River.
Endeavour Mining has entered into an agreement to sell its 85% interest in its non-core Agbaou mine in Côte d’Ivoire to Allied Gold Corp for a consideration of up to $80 million.
Bowleven, the Africa focused oil and gas exploration group announced that New Age, Operator of the Etinde licence, has received formal approval to apply for a new Etinde Exploitation Agreement (EEA).
Continuing with its global growth strategy, Black & Veatch has named Youssef Merjaneh as Senior Vice President, Europe, Middle East and Africa (EMEA) as the region’s focus on the dynamic energy transition continues.
Tetra Tech, Inc., a provider of high-end consulting and engineering services, announced today that the United States Agency for International Development (USAID) awarded the Company a five-year, $25 million single-award contract to increase renewable energy consumption and reduce deforestation in Zambia.
Egyptian Minister for Petroleum and Mineral Resources Tariq Al-Mulla, signed the concession agreement with Mubadala Petroleum for oil and gas exploration activities in the Red Sea Block 4.
With a rapidly growing, increasingly urbanized population – and associated needs for energy and infrastructure development – the African continent should be at the forefront of a U.S. investment agenda.
Energean announced that Final Investment Decision has been taken on the North El Amriya and North Idku (NEA/NI) concession subsea tieback project in offshore Egypt.
MIGA issues $25.6m in guarantees to Escotel Mauritius for solar power generation in Sierra Leone and Liberia
MIGA, a member of the World Bank Group, issued guarantees of up to $25.6 million to Escotel Mauritius covering its investments in solar power generation in Sierra Leone and Liberia for a period of up to ten years.
Kenya Power has rolled out a smart metering project that will benefit customers in the Small and Medium Enterprise (SMEs) sector across the country.
ReconAfrica has commenced the permitting process for the acquisition of 450 kilometers of 2D seismic data in the deep Kavango Basin in the Kalahari Desert of North East Namibia.
Global waste treatment company Séché Environnement has announced the signature of an agreement for the acquisition of Spill Tech 1, a company in environmental emergency and decontamination services in South Africa.
Through a new initiative, IFC will work with financial institutions in four countries to mobilize private sector financing for climate mitigation and adaptation projects and help align financial-sector strategies with the targets of the Paris Climate Agreement.
Nexans has strengthened its industrial presence in Morocco with the inauguration of a new plant for the Telecom Systems Business Unit.
Belltree awarded significant national benchmarking analysis contract by Angolan State Regulator ANPG
Belltree Limited, the energy consultancy and provider of industry-leading benchmarking software bMark, has been awarded a significant contract to assist the Angolan Petroleum Regulator (ANPG).
Clir Renewables has partnered with Lake Turkana Wind Power (LTWP) to enhance wind farm performance tracking and support its Kenya-based team in realizing potential opportunities for optimization.
A pilot Power Purchase Agreement (PPA) has been fully executed between Tlou Energy and Botswana Power Corporation (BPC) for the first 2MW of power from the Lesedi project.
Apex International Energy, which is backed in part by UK energy investment firm Blue Water Energy, announced a new oil discovery in Southeast Meleiha Concession (SEM), located in the Western Desert of Egypt.
The Shell Petroleum Development Company of Nigeria (SPDC), completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure, to TNOG Oil and Gas.
Senegal is the hotspot for energy investment in West Africa right now, owing to a string of huge offshore hydrocarbons discoveries since 2014, as well as its compelling renewables potential.
Starsight, a Commercial and Industrial (C&I) solar power provider in West Africa announced that Finnfund and Norfund have increased their senior debt facility from $10 million to $20 million.
New research from the University of Oxford predicts that total electricity generation across the African continent will double by 2030, with fossil fuels continuing to dominate the energy mix, posing potential risk to global climate change commitments.
Reconstruction of road and rail links in the Madagascan capital Antananarivo will be accelerated following the disbursement of €16.4 million by the European Investment Bank.
Novatech, trading as Hesper Engineering, a ship repair, and general engineering company based in Cape Town, South Africa, purchased a 51% shareholding in Swift Engineering.
carbonTRACK Africa is a South Africa technology startup that seeks to create a world where energy is consumed sustainably, shared fairly and empowers all people.
BW Kudu, a wholly owned subsidiary of BW Energy and the National Petroleum Corporation of Namibia (NAMCOR) signed a Farm-In and Carry Agreement.
FAO and IRENA have underscored their continued commitment to accelerate the deployment of renewable energy technologies in agri-food, fisheries and forestry chains and sustainable bioenergy through the signature of a collaboration agreement.
Daystar Power, provider of hybrid solar power solutions to businesses in West Africa, announced a Series B investment of $38 million led by the Investment Fund for Developing Countries (IFU), the Danish development finance institution.
The World Bank plans to invest over $5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti.
Reganosa awarded contract to operate sub-Saharan Africa's first offshore LNG receiving terminal in Ghana
Reganosa has been awarded the contract to operate and maintain a liquefied natural gas (LNG) regasification terminal in Tema, Ghana.
Enel Green Power (EGP), signed an agreement with a subsidiary of Qatar Investment Authority (QIA) for a joint venture partnership aimed at financing, building and operating renewable projects in Sub-Saharan Africa.
Zenith Energy announced it has entered into a cooperation agreement (CA) with Fleet Oil & Gas, a privately owned oil and gas company led by the former Egyptian Petroleum Minister, Eng. Mahmoud Latif Amer.
Globeleq, an independent power generation company in Africa, has confirmed it will take a 74% majority equity stake in an existing Nigerian power business called CPGNL Limited.
Schneider Electric has announced two leadership appointments for the Anglo African region. The company say the appointments are part of the continuation of their mission to provide cutting-edge technological solutions to the African content.
South Africa relies on coal-fired power stations to produce approximately 90% of its electricity. Moving forward, the country's aim should be to reduce this percentage.
The U.S. Trade and Development Agency (USTDA) awarded grants to the Amreya Petroleum Refining Company (APRC) and Suez Oil Processing Company (SOPC) for feasibility studies to modernize each company’s refinery.
Inspired Evolution led a $35 million equity investment by its Evolution II Fund and coinvestors, Norfund and Sagemcom, to establish and finance ESCOTEL, an energy services company currently focused on Sub-Saharan Africa countries.
Siemens Gamesa signed its first wind power project in Ethiopia with state-owned electricity company Ethiopian Electric Power (EEP), strengthening its leadership in Africa as the country begins to expand its green energy capacity.
VAALCO Energy announced that in connection with its previously announced acquisition from Sasol Gabon, the other joint owners in the Etame Marin block have not exercised their pre-emptive rights.
Panoro Energy announced that PetroNor E&P and Panoro have reached an agreement to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shares in Pan Aje field offshore Nigeria.
The Nigerian Department of Petroleum Resources (DPR) shortlisted 161 successful companies to advance to the next and final stage of the bid round process for 57 marginal oilfields in the country.
An international consortium led by Total and the Egyptian Natural Gas Holding company (EGAS) signed an exploration and production agreement for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore Egypt.
BW Offshore signed an extension agreement for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A., until end Q4 2021, with options until Q2 2023.
Dangote Cement Plc is to train and support members of cooperative societies in Kogi in its efforts to create alternative platforms for empowerment and job creation as part of its corporate social responsibility in the state.
SSAB Borlänge and SSAB Arendal are to supply steel to build a number of photovoltaic solar parks in Angola.
Siemens Gamesa will deliver 29 SG 3.4-132 wind turbines to state-owned utility Ethiopian Electric Power (EEP) for the Assela project; the 100 MW wind farm will help power over 400,000 Ethiopian households
IFC and Nedbank have partnered to increase financing for renewable energy projects in South Africa, helping the country transition to cleaner forms of power, reduce greenhouse gas emissions, and create jobs in the renewables sector.
The U.S. International Development Finance Corporation (DFC) Chief Executive Officer and Prosper Africa Executive Chairman Adam Boehler announced a series of efforts to expand U.S. investment in Morocco.
The Rockefeller Foundation and U.S. International Development Finance Corporation (DFC) signed a Memorandum of Understanding (MOU) to work to end energy poverty by promoting investment in Distributed Renewable Energy around the world.
GE releases position on climate change, calls for accelerated deployment of renewables and gas power
GE has shared its position that the accelerated and strategic deployment of both renewable energy and gas power can make substantial progress in combating climate change in the near-term.
[South Africa] Inspired Evolution and partners launch energy service company for African mobile operators
Inspired Evolution that specialises in clean and renewable energy has entered into a new partnership with Norfund and Sagemcom to raise $35 million by its Evolution II Fund to launch Ecotel.
Africa Enterprise Challenge Fund launches $8.5Million Grant to support Clean Energy startups in Somalia
The Africa Enterprise Challenge Fund (AECF) has launched an $8.5 million grant facility to support renewable energy startups in Somalia and Somaliland.
The African Development Bank (AfDB) approved a loan of $42.9 million to finance the second phase of a major power transmission and interconnection project in Madagascar.
Schlumberger and OMV Upstream have announced an enterprise-wide deployment of AI and digital solutions enabled by the cloud-based DELFI cognitive E&P environment, across OMV’s global operations.
Pan African Resources, juwi South Africa partner for construction of solar photovoltaic plant at Evander Mines
Pan African Resources has entered into an engineering, procurement and construction agreement with juwi South Africa to construct its 9.975MW solar photovoltaic plant at Evander Mines.
Royal Dutch Shell and Equinor will develop the next generation of Shell Inventory Optimiser, a solution that leverages advanced analytics on historical data to optimise operational spare part inventory levels.
The African Development Bank (AfDB) announced $90 million in new donor commitments for the Sustainable Energy Fund for Africa (SEFA).
African Infrastructure Investment Managers (AIIM), Africa infrastructure-focused private equity fund managers, has successfully completed a capital increase of $80 million for its flagship pan-African infrastructure fund, AIIF3.
NERSA has approved a flagship renewable energy project commissioned by Amazon, set to demonstrate the flexibility and convenience of procuring independent power through the electricity grid in South Africa.
Further to its previous announcements regarding its proposed investment in Decklar Petroleum (Decklar) and the Oza Field in Nigeria, San Leon announced that the parties have agreed to extend the completion date to early in the new year.
Tower Resources announced that its subsidiary Rift Petroleum, together with Operator and 50% partner New Age Energy Algoa, has now formally agreed to enter the Second Exploration Period of the Algoa-Gamtoos license offshore South Africa.
New economic analysis for Malawi calls for efficient public investment management to improve service delivery in water and energy
Malawi faces an infrastructure investment gap in the energy and water and sanitation sectors of approximately $332 million per year due to limited fiscal space combined with weak public investment management and inefficient State Owned Enterprises.
The Africa Enterprise Challenge Fund (AECF) launched a $ 8.5 million grant facility to support adoption and diversification of renewable energy solutions in the Somalia and Somaliland.
Vroon, an international shipping company, announced it has been awarded a charter with ENI on a long-term drilling project off Mozambique, with platform-supply vessel VOS Princess to join sister vessel VOS Principle in support of the drillship SAIPEM 12000.
Norco Group, an established energy storage equipment manufacturer and service provider, will support Uninterruptible Power Supply (UPS) systems and standby battery equipment on TEP Angola’s assets in offshore Block 17.
Kosmos Energy announced it has closed the previously announced transaction with B.V. Dordtsche Petroleum Maatschappij (Shell), a wholly-owned subsidiary of Royal Dutch Shell, to farm down interests in Suriname, Sao Tome & Principe and Namibia.
ADM Energy announced it has received ministerial consent from the Nigerian Minister of Petroleum Resources (DPR) to complete the transfer of a participating interest of 2.25% in OML 113 from EER (Colobos) Nigeria to the Company.
The European Bank for Reconstruction and Development (EBRD) is promoting the expansion of renewable energy in Egypt by supporting one of the first green private-to-private projects in the country, with an initial $4.2 million loan to TAQA PV for Solar Energy.
The World Bank announced an ambitious target for 35% of its financing to have climate co-benefits, on average, over the next five years. It replaces an earlier target of reaching 28% by 2020, which was in place over the last 5 years.
Gridworks, the company set up to develop and invest in electricity networks across Africa, welcomed the announcement that a consortium it is leading has been appointed preferred bidder for the Essor A2E Initiative (Essor) in the Democratic Republic of Congo.
IFC, a member of the World Bank Group, in partnership with Kobo360, an African digital logistics platform, announced an open call for innovators from around the world to bring climate-smart, temperature-controlled logistics (TCL) cooling solutions to Nigeria.
The International Renewable Energy Agency (IRENA) and the African Development Bank have agreed to jointly support investment in low carbon energy projects, a move expected to advance Africa's energy transition.
VAALCO Energy announced that the acquisition of three dimensional (3-D) seismic data at the Etame Marin block offshore Gabon has been completed.
Africa Energy, an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce drill stem test results for the Luiperd-1X well, the second major discovery on Block 11B/12B offshore South Africa.
Kinetiko completes third high resolution aeromagnetic survey on the Amersfoort project in South Africa
Kinetiko Energy announced that a high resolution aeromagnetic and radiometric survey has been completed to follow the success of similar adjoining surveys completed in June and August 2020.
Rystad Energy analysis shows oilfield service purchases is set to lose $340b until 2028 as peak oil is closer than ever
The oilfield service (OFS) market is projected to lose a cumulative $340 billion in purchases value over the next eight years, a Rystad Energy analysis shows.
Afreximbank signs deal with African Energy Investment Corporation to support hydrocarbon and energy sectors
A framework agreement has been signed between the African Export-Import Bank (Afreximbank), the pan-African multilateral EXIM bank, and the African Energy Investment Corporation (AEICorp), an affiliated entity of the African Petroleum Producers’ Organization (APPO) that was established to support the development of Africa’s hydrocarbon and energy sectors.
Woodside has given notice exercising its right to pre-empt the sale by FAR to ONGC, of FAR’s entire participating interest in the Rufisque, Sangomar and Sangomar Deep (RSSD) joint venture in Senegal.
Climate Fund Managers partners with SWS to support development of solar powered desalination plants in Kenya
Climate Fund Managers (CFM) has agreed to co-finance and co-develop a portfolio of solar-powered desalination installations in Kenya, turning brackish groundwater into drinking water.
African Energy Chamber reports that Africa’s electricity generation capacity has grown at an average of 4.8 percent per annum since 2008.
A majority of consumers in Africa still live off the grid, in what are commonly called "last-mile" communities.
CrossBoundary Energy open sources its investment approach for mini-grids to accelerate energy access in Africa
CrossBoundary Energy Access (CBEA), Africa’s first project financing facility for mini-grids, is open sourcing its approach to investing infrastructure capital into mini-grids to accelerate energy access for all in Africa by 2030.
LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, and Sasol, a global integrated chemicals and energy company, announced the closing of their Louisiana-based Integrated Polyethylene JV transaction.
Eni has signed a series of agreements with the Arab Republic of Egypt, the EGPC, EGAS and the Spanish company Naturgy, which pave the way for the restart of the Damietta liquefaction plant in Egypt by the first quarter of 2021.
AfDB grants additional $3.5m to Central African Republic for electricity interconnection project with DRC
The African Development Bank (AfDB), granted an additional donation of $3.52 million to the Central African Republic to help the country to complete the first phase of an electricity interconnection project with the Democratic Republic of the Congo (DRC).
TechnipFMC has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC).
The African Development Bank approved $5 million investment in the SPARK+ Africa Fund to deliver clean cooking solutions to over two million households across Africa.
Eco Atlantic, an oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, has successfully negotiated the reissuance of its four licences in the Walvis Basin, Offshore Namibia.
The African Development Bank is achieving satisfactory results in Madagascar, according to the mid-term report of the Country Strategy Paper (CSP) for the period 2017-2021 and the performance review of the 2019 country portfolio.
Australian natural gas producer, Woodside Energy announced a delay in its drilling activities in Senegal’s Sangomar offshore wells.
USAID’s Pay As You Go Liquid Petroleum Gas Program awarded a grant to Bboxx to test and scale up LPG technology in the Democratic Republic of Congo.
Total and its partners announced the first version of a high-performance simulator for large-scale geological CO2 storage.
The African Development Bank approved a $120 million loan to fund the construction of a 50 MW hydropower plant in Western Tanzania.
The Kenya Electricity Generating Company (KenGen) has unveiled an elaborate renewable energy project pipeline focused on supporting the Government’s economic growth agenda.
The Emerging Africa Infrastructure Fund (EAIF) is lending $31 million over 10 years to Access LNG B.V. to support the construction of a new Liquid Natural Gas (LNG) storage and regasification facility at Tema port in Ghana.
In the International Energy Outlook 2020 (IEO2020), the U.S. Energy Information Administration (EIA) projects electricity generation in Africa using two cases with different assumptions about how future electricity needs are fulfilled.
The Government of Ghana and Switzerland signed a bilateral agreement which brings the cooperative approaches of the Paris Agreement to life, setting the framework conditions for the cooperation.
The Kenya Bankers Association (KBA) and the Kenya Climate Innovation Centre (KCIC) signed a Memorandum of Understanding aimed at advancing the green finance agenda in Kenya.