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Mozambique’s PMI rises to 9-month high as new orders surge

The latest PMI survey highlighted a broad-based upturn across the economy, with all five monitored sub-sectors reporting higher new orders.

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Ghana sets out US$3.4 billion plan to scale renewable energy rollout 

West African country Ghana has announced a US$3.4 billion renewable energy action and investment plan designed to accelerate its transition to clean power. 

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In November, input prices fell for the first time in three months, driven by a marginal drop in purchasing costs and reflecting a broader economic trend.

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US’ Murphy Oil set for debut exploration campaign in Côte d’Ivoire

US-based energy independent Murphy Oil is preparing to launch a high-stakes exploration campaign in Côte d’Ivoire, targeting deepwater prospects that could reshape the West African energy landscape. 

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Kenya transfers first nuclear power plant to state-owned utility firm

The government of Kenya has handed over as the primary operator the nation’s first nuclear power plant to its state-owned utility firm, Kenya Electricity Generating Company (KenGen).

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TotalEnergies to raise fresh fund for Mozambique LNG project after lenders pull out $2.2 billion

French oil major, TotalEnergies, and its partners in the Mozambique LNG project are moving to raise fresh equity after key lenders pulled out of over $2.2 billion in financing.

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Ghanaians to pay more for electricity as new tariff hikes begin January 2026 

Ghanaians will face higher electricity bills from January 1, 2026, following the Public Utilities Regulatory Commission’s (PURC) approval of tariff increases across all consumer categories.

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Nigeria’s local content board launches $100 million equity investment scheme

The Nigerian Content Development and Monitoring Board (NCDMB), has unveiled a $100 million equity investment scheme aimed at boosting indigenous participation in the energy sector.

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South Africa’s economy slows for the first time in 12 months

Despite the moderation, the quarterly rise marks the fourth consecutive quarter of growth, the longest streak since 2021 when South Africa was emerging from the economic fallout of Covid-19.

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Mozambique says over $80 billion needed for energy transition as off-grid access expands

Mozambique will require more than $80 billion to implement its long-term energy transition strategy through 2050, as the government expands off-grid electrification efforts to reach millions still without reliable power.

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Nigeria adds Asia to oil licensing roadshow, eyes $10 billion in new investment

Nigeria has added Asian nations, Beijing and Singapore, to its global oil licensing roadshow as it attempts to attract ten billion dollars in new upstream investment and deepen interest in its 2025 offering of exploration blocks.

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The NBE says the planned FX sale reflects ongoing efforts to to stabilise the local currency and support price and external stability.

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Nigeria’s Dangote Refinery yet to meet half of local petrol demand – Report

Nigeria’s Dangote Refinery has at no point met 50% of the country’s petrol demand despite earlier projections of rising output, according to newly compiled supply records from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

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Swiss firm secures $58.5 million to expand solar energy projects in South Africa, India 

Switzerland Candi Solar has secured $58.5 million in debt financing from the International Finance Corporation (IFC), that will support the expansion of its commercial and industrial solar operations in South Africa and India. 

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UK pulls back $1.5 billion support for TotalEnergies’ Mozambqiue LNG project

The British government has withdrawn its $1.15 billion backing for the TotalEnergies-led Mozambique Liquefied Natural Gas (LNG) project, it confirmed on Monday.

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TotalEnergies to sells 40% stake of two offshore assets to Chevron in Nigeria

French energy company TotalEnergies says it is selling 40% working interest in two exploration licences offshore Nigeria to Star Deep Water Petroleum Limited, a subsidiary of Chevron.

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Ghana’s First Atlantic Bank starts IPO process as profits rise 89% to $21m

The move comes weeks after the Bank of Ghana (BoG) urged more lenders to list on the Ghana Stock Exchange (GSE) to deepen liquidity and attract long-term investment.

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South Africa’s Eskom rakes in $1.42 billion in six month as profit streak continues 

South Africa’s state-owned power utility, Eskom, posted a profit after tax of 24.3 billion rand ($1.42 billion) for the six months ending September 2025, representing  a 37% increase compared with the same period last year.

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Eskom gets higher credit rating boost from S&P Global amid return to profitability 

South Africa’s state-owned power utility Eskom has received a long-term credit rating upgrade from S&P Global Ratings, reflecting improvements in the utility’s operational performance and financial recovery.  

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South Africa’s Eskom integrates $58 million renewable substation into national grid 

Eskom and Seriti Green have completed the handover of the Vunumoya Main Transmission Station, a R1 billion ($58 million) renewable-energy evacuation substation that will connect one of South Africa’s largest renewable projects to the national grid.

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