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The Dangote Petroleum Refinery is seeking to raise $1 billion from institutional investors through a private placement that values the facility at $39.1 billion.
China’s Hengli Petrochemical has purchased at least 2 million barrels of West African crude as it moves to replace Iranian oil supplies following US sanctions imposed on the company.
Ethiopia’s government expects its total spending to rise sharply in the next fiscal year, with the Iran war identified as the primary reason for the increase.
South Africa’s state power utility, Eskom, has launched a dedicated renewable energy business designed to accelerate large-scale clean energy development to around 3,200 MW by 2040.
Fifteen Nigerian states have set up independent electricity regulators under the Electricity Act 2023, shifting power market oversight from federal to state level in a landmark decentralisation.
Dangote Petroleum Refinery has begun construction on a second unit adding 700,000 bpd, targeting 1.4 million bpd total capacity by 2028 and positioning Nigeria as a regional fuel exporter.
Kenya has withdrawn a proposed electricity tariff review that would have set new power prices for millions of households and businesses from July this year.
Nigeria’s electricity regulator has ordered distribution companies to compensate premium electricity customers, known as Band A, who did not receive the minimum supply hours they were billed for during the first quarter of 2026.
Nigeria’s electricity regulator has launched a new framework that allows eligible consumers to generate their own power and sell whatever they do not use back to the national grid.
Ethiopia’s 2025–2030 e-mobility strategy targets 500,000 EVs and 2,200 charging stations by 2030, using a 90% renewable grid to cut $4bn in annual fuel imports.
French pay-TV group Canal+ began trading on the Johannesburg Stock Exchange on Wednesday, becoming the first French company ever to list on South Africa’s bourse.
The World Bank’s private investment arm, International Finance Corporation (IFC), is considering backing a new $500 million pan-African growth equity fund managed by a Rwandan-headquartered firm.
Ghana’s annual inflation rate rose for the second straight month in May, as rising energy costs linked to the Iran war added fresh pressure on prices in an economy that had been on a strong recovery path.
South Africa’s retail petrol price is set to reach a record high this month after the government began withdrawing temporary tax relief measures that had cushioned consumers against fuel cost increases.
West African country, Ghana, recorded nearly $8 billion in foreign remittances last year, its Finance Minister announced on Sunday in London.
Zimbabwe’s government has assumed responsibility for more than $10 million in legacy foreign liabilities owed by NMBZ Holdings, a major financial service in the country, to two international development finance institutions.
Azana Electric Group has secured a US$20 million BII debt facility for run-of-river hydropower projects, reflecting a development finance shift toward smaller, distributed renewable energy across Africa.
Nigerian billionaire Aliko Dangote is considering Kenya as the location for a proposed 650,000-barrel-per-day oil refinery in East Africa.
The United Arab Emirates, of one the oil-rich Gulf State, has announced its decision to exit the Organization of the Petroleum Exporting Countries and the OPEC+ alliance, effective May 1, 2026.
Electricity consumers in Kenya are set to pay higher power bills after the Energy and Petroleum Regulatory Authority (EPRA), the regulator in charge of the sector, introduced new charges in its April 2026 tariff review.
