Top stories
News
Top stories
Kenya has launched a public offer for the sale of a majority stake in Kenya pipeline company as it seeks to raise about $822 million from the capital market.
India’s state owned engineering firm, Engineers India Limited, has secured a contract valued at more than $350 million to support the expansion of Dangote Group’s refinery in Nigeria.
Tunisia has signed a €43 million ($49.9 million) financing and guarantee agreement with EBRD to support the second phase of the ELMED electricity interconnection project linking Tunisia and Italy.
Shell has restarted preparatory activity on Nigeria’s long-delayed Bonga South West-Aparo offshore oil project by launching a new tender process for a floating production, storage, and offloading unit.
Officials expect the planned port expansion to significantly lift container-carrying capacity, generate operating revenues of around $500 million yearly and boost trade flows with key markets including the Middle East.
To avoid an artificial spike in December’s headline inflation, the NBS replaced the single-month reference point, set as December 2024 during last year’s rebasing, to a 12-month index reference period averaging all months of 2024.
South African power utility Eskom has issued a tender for the construction and operation of a 17-megawatt (MW) solar photovoltaic (PV) plant at Duvha Power Station in Mpumalanga.
TotalEnergies is selling off its 10% stake in the Renaissance Joint Venture (JV) in Nigeria as part of a move to reduce its upstream oil exposure in the country.
Africa’s largest oil producer Nigeria has signalled plans to begin early preparations for its 2026 oil and gas licensing round in order to attract investors.
Nigeria has announced plans to capitalise a $2 billion climate fund as part of a broader effort to mobilise financing for its energy transition and climate resilience objectives.
Senegal has officially taken back control of the Cayar Offshore Shallow (COS) block after Oranto Petroleum failed to provide the required financial guarantees to implement its contractual work programme.
Nigeria plans to generate up to $3 billion annually from carbon trading after approving a framework for large scale emissions allowance sales.
Egypt has commissioned the first phase of the Obelisk solar project in Nagaa Hamadi, Qena Governorate, representing the start of operations at what authorities have described as Africa’s largest renewable energy project.
West African nation Benin Republic is expected to produce its first commercial oil from the Seme offshore oilfield by the end of January 2026, after drilling challenges forced the country to miss its initial 2025 target.
Senegal has recorded a surge in oil production totaling 36.1 million barrels in 2025, exceeding official forecasts for the year.
Ghana says it has paid $1.47 billion to settle longstanding energy sector debts, including funds from the World Bank’s Partial Risk Guarantee.
British International Investment (BII) has committed $37 million to the Abydos II Solar PV and Battery Energy Storage System (BESS) project in Egypt, strengthening one of Africa’s largest integrated renewable energy developments.
Afreximbank has provided a $64 million acquisition finance facility to Levene Energy Development Limited to support the purchase of a 30% equity stake in Axxela Limited.
The decision marks the bank’s first monetary move of the year, and the second consecutive rate hold, following a cut in July 2025.
The sustained slowdown marks a sharp turnaround for the West African nation, which was grappling with inflation of 23.8% as recently as December 2024 amid currency pressures.
