tagresults
DRC Government and General Electric sign infrastructure agreement
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.
GE hosts female students in Ivory Coast to STEM roundtable
Science, Technology, Engineering and Mathematics (STEM) studies are becoming increasingly important for the continuous development of innovative solutions to solve challenges in diverse sectors.
EBRD and Crédit du Maroc boost green economy and value chains in Morocco
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.
EIB finances the upgrade and expansion of Alexandria West WWTP, Egypt
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).
Fugro awarded Aker Energy contract for Pecan field services offshore Ghana
Aker Energy has awarded Fugro a contract for geotechnical and geophysical survey services in relation to the Pecan field, offshore Ghana.
EmNEW signs agreement to seek renewable energy solutions for humanitarian operations in Ethiopia
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 wins contract to build and operate solar photovoltaic plant in Mozambique
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.
EBRD, QNB Alahli boost green investments and small firms in Egypt
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.
Azito Energie reaches financial close for its 253 MW expansion in Abidjan, Côte d’Ivoire
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, ENGIE partner for photovoltaic solar power plant services in Mohammedia factory, Morocco
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] Power utility firm EEU unveils new SAP system to streamline billing processes
Ethiopia Electric Utility (EEU) has unveiled a new SAP ERP system to streamline its billing processes and provide increased customer service efficiency.
Trident commences new 4D seismic survey offshore Equatorial Guinea
Trident Energy has commenced a 4D seismic acquisition operations over their Block G assets, which contain the Ceiba and Okume Fields, offshore Equatorial Guinea.
African Development Fund approves $34.7 million for renewable energy in Liberia
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.
World Bank funds Lesotho, boosts efforts to improve electricity access
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.
DRC partners with AVZ Power to refurbish Mpiana-Mwanga hydro-electric power station
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, Qbera Capital partner to provide solar energy in Sub Saharan Africa
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 discovers gas in OYF-2 well, Morocco
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.
IndianOil plegdes to support Ghana implement the National LPG Promotion Policy
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.
IRENA, Burkina Faso discuss opportunities for accelerated renewable energy deployment
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.
United Kingdom reaffirms commitment to Africa’s economic transformation
The United Kingdom has reaffirmed its commitment to Africa’s economic transformation.
Eni signs liquefied natural gas supply agreement with Nigeria LNG
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%.
[Kenya] MPC loweres Central Bank Rate to 8.25% from 8.50%
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 begins construction on Burundi’s grid-connected solar field
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, Tropical Arctic partner for strategic opportunities offshore Nigeria, West Africa
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 partners with DRC for affordable, reliable and clean electricity to 10 million people by 2024
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 wins two new projects offshore West Africa
SAExploration, an international oilfield services company has won two new projects in offshore West Africa.
Globeleq to develop renewable energy project in Togo
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.
Improving digital access offers investors opportunity to achieve SDGs in Africa, Standard Chartered
Opportunity2030: The Standard Chartered SDG Investment Map reveals a $197 billion opportunity for private-sector investors in five high-growth markets in Africa.
USAID, partners to invest in young African social entrepreneurs
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.
EU signs four financial guarantees to unlock Africa, Neighbourhood investment
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.
[South Africa] Pragasen Naidoo appointed new CEO, PetroSA
The PetroSA Board announces the appointment of Mr. Pragasen Naidoo as a new Group CEO, subject to transitional arrangement with Central Energy Fund.
[Senegal] FAR, Glencore sign MoU for full allocation of Sangomar Field crude oil shares
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.
Zambia, Zimbabwe on a joint industrialization programme plan
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.
Egypt signs nine E&P agreements with four international companies
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 invests over £50 million for clean energy projects across Africa
The UK has invested millions in clean energy projects across Africa, to support the continent's growing energy needs.
[Gabon] BW completes second production well of the Tortue phase 2 development
BW Energy announces the successful completion of the second production well of the Tortue Phase 2 development in Dussafu Marin permit offshore Gabon.
[Nigeria] TCN successfully installs, commissions new power transformer in Delta State
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 restores production at Etame wells, offshore Gabon
VAALCO Energy announces that the company has sucessfully restored production at Etame 10H well and Etame 4H Well, located offshore Gabon.
PASH Global invests in solar photovoltaic farm project in Mali
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.
World Bank reiterates support to Egypt's development priorities
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.
Ghana launches NPA's digital product tracking command centre
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).
Proparco finances Metier's investment fund for sustainable energy infrastructure in Africa
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 secures $300 million credit for Sangomar field, offshore Senegal
FAR has taken the Final Investment Decision and received final credit approvals for an underwritten $300 million senior secured reserve-based lending facility for the Sangomar Field Development offshore Senegal.
Africa Oil closes acquisition of production assets, deepwater Nigeria
Africa Oil announces the closing of the acquisition of a 50% ownership interest in Petrobras Oil and Gas B.V. in Nigeria.
Egypt, Ethiopia and Sudan reach Blue Nile tripartite agreement
Ministers from Egypt, Ethiopia and Sudan reached a long-awaited agreement on the operation of the Grand Ethiopian Renaissance Dam, which will represent the largest hydropower project on the continent upon completion.
Eni wins new license in Namibe basin, offshore Angola
ANPG, State concessionaire for oil & gas rights in Angola, assigned Block 28 to Eni (as Operator with 60%), as a result of the international competitive Bid Round 2019.
Eni starts production at Agogo oilfield, offshore Angola
Eni announces the start-up of its offshore Agogo oilfield, situated in the 15/06 Block in the Angolan waters.
Ghana gets €250 million from Germany to upgrade electricity transmission infrastructure
The Government of Ghana received, as part of Germany’s Compact with Africa programme, €250 million from the Government of the Federal Republic of Germany to upgrade and expand the country’s electricity transmission infrastructure.
Standard Bank sponsors multilateral UK-Africa Investment Summit
Standard Bank, Africa’s largest banking group by assets, is partnering with the UK Government to sponsor the inaugural UK-Africa Investment Summit, to be held in London on 20 January 2020.
Vivo Energy Mauritius gets triple ISO certification, the highest distinction given to any company
Vivo Energy Mauritius has been awarded ISO 45001: 2018 certification for its depots, the latest international standard which establishes requirements in terms of health and safety at work.
EBRD becomes shareholder in Egypt’s Infinity Energy
The EBRD is investing US$ 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.
Liverpool engineers help African nations shift towards clean energy
Clarke Energy, a Liverpool engineering company is helping African businesses reduce carbon emissions thanks to innovative hybrid engines.
Siemens signs MoU with Ghana to supports the country's transformation trajectory
Siemens has signed a Memorandum of Understanding (MoU) with the Republic of Ghana to address the country’s energy and infrastructure challenges.
[Congo] Anglo African Oil & Gas enters a put and call option agreement with Zenith
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.
ADFD inks three loan agreements worth $33 million with three African countries
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 launch prepaid gas services for Kenyan homes
Safaricom and M-Gas have today announced the launch of a, prepaid gas service for Kenyan households.
AfDB sponsored Off-Grid Energy Access Fund reaches final equity close
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.
[Gabon] VAALCO Etame well completed, placed on higher than anticipated production rate
VAALCO Energy announces that the Etame 11h development well has been successfully completed and placed on production at higher than anticipated rate.
AfDB approves $20m investment in Metier Fund to support renewable energy in Sub-Saharan Africa
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 reserves upgraded at South Disouq, Egypt
SDX announces that its reserves at South Disouq have been upgraded by 35% to gross 89 BCFE from gross 66 BCFE.
Zenith to provide secured loan facility to Anglo African Oil & Gas, Congo
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 energy project reaches financial close
One of Malawi’s first solar projects has reached financial close after attracting investment volume totaling $67 million USD.
AfDB approves $100m to hydro-power project to benefit over 2 million people in Madagascar
The Board of Directors of the African Development Bank (AfDB) approved a Partial Risk Guarantee (PRG) of $100 million to support the Sahofika hydro-power project in Madagascar.
EBRD supports climate finance, entrepreneurship and employment for young people in Egypt
Small and medium-sized enterprises in Egypt will benefit from a US$ 150 million financing package from the European Bank for Reconstruction and Development (EBRD) to the National Bank of Egypt (NBE).
Equatorial Guinea expects major oil & gas investments in 2020
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 confirms potential gas resources offshore Mauritania and Senegal
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.
AfDB, AUDA-NEPAD to roll-out a continent-wide electricity market Masterplan
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.
ADF commits $7.6bn in support of Africa’s low-income, fragile, countries
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, ETAP inaugurate new photovoltaic plant in Tunisia
Eni Tunisia inaugurated a new photovoltaic plant in partnership with the national company, Entreprise Tunisienne d’Activités Pétrolières (ETAP).
[South Africa] Sasol, Topsoe partner to offer single point licenses for proven GTL solutions
Sasol and Haldor Topsoe announced that they have entered into a collaboration agreement to jointly license their Gas-To-Liquid (GTL) technologies.
ENGIE inaugurates Egypt’s largest wind farm
ENGIE and its consortium partners inaugurated the 262.5 MW Ras Ghareb wind park, Egypt’s first private and largest wind farm.
Africa Energy starts seismic operations offshore South Africa
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.
Senegal officially cancels the controversial Bargny Coal Plant
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.
Senegal leads opportunity boom in the MSGBC Basin
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.
DOF Subsea secures integrated FSV contract in Africa
Norway’s DOF Subsea has entered into a 2 month long contract with an international energy client in Africa.
USTDA advances petrochemicals development in Egypt
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.
Total awards Ocean Infinity for 2D high resolution seismic survey in Angola
Ocean Infinity, the next generation sub-sea technology and data company has been awarded a contract by Total E&P Angola.
DBSA concludes $81.30m loan facility with Mozambique’s EDM
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.
[Ghana] Genser Energy lands $366m funding package
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.
All On and The Rockefeller Foundation launch hub to support off-grid entrepreneurs in Nigeria
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, Yinka Folawiyo Petroleum partner to manage Aje field offshore Nigeria
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 Morocco appoints George Roberts new Managing Director
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.
[Gabon] Vaalco’s Etame development well completed, placed on higher than expected rate
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, Unet Energia of Italy to explore Africa’s energy market
MafAfrique and Unet Energia Italiana will be jointly exploring the Africa’s emerging energy opportunities within the first half of 2020.
Trade mission whets South African business people for Mozambique's mega gas projects
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.
South African Airways welcomes the scaling up of sustainable local fuel supply
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.
[Nigeria] AfDB approves $210m financing for power project
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.
[South Africa] Investec leads successful capital raising for ITM Power
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.
[Kenya] Student developers devise IoT, solar water solution in IBM hackathon
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 to construct a gas megahub project
Equatorial Guinea’s government has announced its plans to construct a natural gas megahub project.
EDF becomes a strategic shareholder of KarmSolar, Egypt
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.
EBRD steps up support for greener oil and gas sector in Egypt with $50 million loan
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.
EBRD supports access to renewable energy in Egypt with €182.9 million loan
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.
AfDB approves $400 million in support of Mozambique’s ambition to become global LNG player
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.
U.S. commits $430 million in insurance to natural gas project in Egypt
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, Allianz establish fund for joint investments in African companies
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.
platforms
