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).
Eni Ghana and the World Bank have signed an MoU to develop initiatives to promote access to improved domestic wood fuel cook stoves, resulting in reduced exposure to unhealthy wood-smoke and decreased pressure on the depletion of forest resources.
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.
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.
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.
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.
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.
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.
The PetroSA Board announces the appointment of Mr. Pragasen Naidoo as a new Group CEO, subject to transitional arrangement with Central Energy Fund.
The UK has invested millions in clean energy projects across Africa, to support the continent's growing energy needs.
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.
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.
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 $300 million senior secured reserve-based lending facility for the Sangomar Field Development offshore Senegal.
Ministers from Egypt, Ethiopia and Sudan reached a long-awaited agreement on the operation of the Grand Ethiopian Renaissance Dam, which will represent the largest hydropower project on the continent upon completion.
The Government of Ghana received, as part of Germany’s Compact with Africa programme, €250 million from the Government of the Federal Republic of Germany to upgrade and expand the country’s electricity transmission infrastructure.
Standard Bank, Africa’s largest banking group by assets, is partnering with the UK Government to sponsor the inaugural UK-Africa Investment Summit, to be held in London on 20 January 2020.
Vivo Energy Mauritius has been awarded ISO 45001: 2018 certification for its depots, the latest international standard which establishes requirements in terms of health and safety at work.
The EBRD is investing US$ 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.
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.
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.
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).
Rensource, a company that provides energy and tech-enabled value services has announced the completion of a $20 million equity financing round.
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.
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.
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.
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.
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.
TGS is commencing a new seismic survey in the MSGBC Basin, offshore north-west Africa.
Smart cities rely on smart grid technology that includes traditional and renewable energy sources in its mix of power supply.
The Green Climate Fund (GCF) and the African Development Bank (AfDB) are working together to support a USD 154.0 million renewable energy financing framework in Zambia.
Yinson has sealed a USD800 million refinancing agreement with 13 local and global banks to refinance FPSO John Agyekum Kufuor, Yinson’s vessel which is currently operating in OCTP Block, offshore Ghana.
[South Africa] Sasol, Enaex successfully negotiates explosives business deal, harnesses direct foreign investment
Sasol and Enaex have successfully completed negotiations, whereafter an application to the Competition Commission will be submitted for approval of the proposed joint venture.
The World Bank Group, through its Scaling Solar program, and the Government of Côte d’Ivoire have signed an agreement to help Côte d’Ivoire develop its supply of affordable, reliable clean energy.
The Nigerian National Petroleum Corporation and the United States Trade and Development Agency have concluded arrangements to sign a $1.16 million grant as part funding for the NNPC-Abuja Independent Power Project.
The DBSA and Mozambique’s national oil and gas company, Empresa Nacional De Hidrocarbonetos (ENH), will host a ministerial dinner to discuss ways of unlocking the economic and social development of the region’s gas sector.
With South Africa’s know-how and experience in infrastructure development projects and Nigeria's opportunities in different parts of the chain-value, both countries can complement and learn from each other and grow their economies together.
SDX Energy, the MENA-focused oil and gas company, is pleased to announce the commencement of production from its operated South Disouq concession in Egypt.
Power Africa and Africa50 have signed an MOU for a new partnership focused on attracting power sector financing and developing innovative public private partnership models in sub-Saharan Africa.
Vivo Energy Morocco, Myher Holding partner to accelerate distribution activities in the southern region
Vivo Energy Morocco and Myher Holding announce their partnership in the company Sopétrole to accelerate the deployment of their distribution activities in the Provinces of southern Morocco.
The United Nations Industrial Development Organization (UNIDO) and its partners initiated the roll-out of 500,000 ethanol cook stoves to households in various wards of Dar es Salaam, Tanzania.
The European Investment Bank (EIB) confirmed its support to transformational telecom investment across Guinea.
The African Development Bank will officially launch its Electricity Regulatory Index (ERI) 2019 at this year’s Africa Investment Forum, Africa’s premier investment marketplace, currently underway in Johannesburg, South Africa.
The Port Elizabeth, Eastern Cape-based cables and transformers for electricity manufacturer, Aberdare Cables is seeking to supply Nigeria with quality cables and transformers at a competitive price.
Greenlight Planet partners with African telcos to reach 600 million consumers without electricity access
Greenlight Planet, a player in the rapidly expanding pay-as-you-go (PAYG) solar industry has partnered with major telecom operators in Africa.
South Africa has adequate oil and gas expertise to service Africa and compete with the world, Oil & Gas Chief
The Acting Chief Executive Officer of the South African Oil & Gas Alliance is confident that South Africa has amassed adequate oil and gas expertise that will enable the country to service both Southern Africa and the rest of the world.
Vivo Energy Uganda announced the addition of 16 new Shell service stations, expanding the Shell network countrywide and bringing the total number of service stations in Uganda to 152.
ACWA Power has signed a Power Purchase Agreement (PPA) with the Government of Egypt to develop, finance, construct and operate the Kom Ombo photovoltaic plant, which will yield a capacity of 200 MW.
Orascom Construction has announced that the construction and commissioning at Ras Ghareb Wind Energy project in Egypt is complete 45 days ahead of schedule.
Africa Oil announces that it has entered into an amendment to the share purchase agreement between Petrobras International and Petrovida Holding, to acquire an ownership interest in Petrobras Oil and Gas.
Oil marketer OLA Energy (formerly OiLibya) has launched a new fuel formulation as part of its growth and rebrand strategy in Kenya.
Noble Energy announced that the Company and its partners have amended their agreements for the sale of natural gas to Dolphinus Holdings from the Leviathan and Tamar fields.
The Kenya Power Board of Directors has appointed Bernard Ngugi as the Managing Director & Chief Executive Officer of the Company.
Shearwater GeoServices has been given a conditional letter of award for a 2D seismic acquisition and fast-track processing project by Total E&P South Africa B.V.
The African Renewable Energy Initiative (AREI) and the OECD hosted a two-day meeting in Paris with a focus on how the private sector can help boost renewable energy investments in Africa.
The EXIM Bank approved a preliminary commitment of approximately $86 million to support U.S. exports of services, electrical and renewable-energy equipment in Senegal.
Governors of the AfDB representing shareholders from 80 countries approved a landmark $115 billion increase in capital.
LEKOIL, the oil and gas exploration and development company with a focus on West Africa, announces that it has paid the US$7.5 million license extension fee for OPL 310 ("the Block") as mandated by the Government of Nigeria.
VAALCO has begun drilling the Etame 9H horizontal development well targeting the Gamba formation as earlier planned and if successful, the Etame 9H well is expected to result in additional production coming online in December.
Innovative off-grid sanitation technology is among the innovations that could be used at municipal level to give residents across South Africa's equitable access to basic services.
DOF Subsea has secured 2 contracts totaling more than 160 vessel days for Skandi Seven and Skandi Skansen in Africa.