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Nigeria’s long-delayed Ajaokuta-Kaduna-Kano (AKK) gas pipeline is now on course for commissioning in early 2026, the Group Chief Executive Officer of NNPC Ltd, Bashir Ojulari, has confirmed.
NNPC Limited plans to sell stakes in some of its oil and gas assets and has invited bids from private investors, according to an internal invitation document.
Benin will not achieve first oil production in 2025 after drilling problems delayed progress at the Seme shallow water oil field offshore the country, the operators confirmed.
Nigeria’s government has written off more than $1.42 billion in legacy debt owed by the state-owned energy company NNPC Ltd to the Federation Account, in what officials describe as a major fiscal reset for the country’s largest revenue generator.
Nigeria’s Dangote refinery has confirmed that its main petrol unit has begun a planned turnaround that will briefly pause all crude processing activities until early 2026.
With the AfDB providing full guarantee on non-payment risk, Equity Bank can lower the cost of issuing letters of credit and expand trade finance volumes without adding pressure to its balance sheet.
Shell has awarded a $16 million drilling contract to Northern Ocean Limited (NOL) to explore Namibia’s offshore Petroleum Exploration Licence 39 (PEL 39).
South African nation Namibia has unveiled a $1.76 billion plan to expand renewable energy and attract private investment into its power sector.
While the replenishment outcome represents a 23% increase over the previous round, it fell well short of the AfDB’s $25 billion target, highlighting challenges in sustaining concessional funding amid a tougher global climate.
The slowdown in overall inflation in Africa’s most industrialised nation mirrors a larger regional trend seen in other major economies in November including Nigeria and Ghana.
The warning comes weeks before the conflict-affected nation heads into a presidential election scheduled for December 28, with President Faustin-Archange Touadéra seeking a third term in office.
Uganda UNOC has confirmed ongoing plans to borrow $2 billion from a unit of global commodities trader Vitol to finance the construction of a crude oil refinery and other infrastructure projects.
Kenya has signed a $311 million agreement with Africa50 and India’s Power Grid Corporation to construct two high-voltage electricity transmission lines under a public-private partnership.
The CBN pointed out that both mortgage lenders were critically undercapitalised and had insufficient assets to cover their liabilities, pointing to a weak solvency position.
Sun King, an off-grid solar energy company, has raised $40 million in equity financing from Lightrock to expand decentralised solar systems across Africa and Asia.
Dangote Refinery has disclosed that the United States has become its largest foreign supplier of crude oil, delivering no less than 100 million barrels each year.
With the exception of a brief uptick in March, Nigeria’s inflation has trended downwards through most of 2025, pointing to easing price pressures and early signs of macroeconomic stabilisation.
The gap threatens the latest replenishment of the African Development Fund, the concessional financing arm of the AfDB, as donors gather in London this week for a two-day pledging conference aimed at raising $25 billion.
Zimbabwe plans to begin construction of its first floating solar power plant in 2026, as the country seeks to expand electricity generation and reduce exposure to climate-related disruptions affecting hydropower output.
Aliko Dangote has declared that no serious investor would be willing to purchase Nigeria’s moribund state‑owned refineries, describing them as unprofitable assets trapped in a sector plagued by corruption and sabotage.
