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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified the reason for the collapse of the $860 million divestment deal between TotalEnergies and Chappal Energies.
Zambia’s power utility, ZESCO, has announced plans to reduce electricity exports to 106 megawatts by October 1, 2025, as it spends up to $25 million monthly on imports to ease power shortages.
Analysts say the outcome of the new rule will test whether Kenya can strengthen its tax base without discouraging investment from some of the world’s largest digital players.
The government’s immediate plan is to raise $122 million through three yet-to-be-named domestic lenders to refinance part of the obligation due next month.
A group backed by American billionaire, Jeff Bezos, the Global Energy Alliance for People and Planet (GEAPP), has successfully mobilised $4.2 billion to enhance renewable energy access across the Africa continent.
Italian Energy Company, Eni, has reduced its shareholding in Ivory Coast’s Baleine Offshore Project after selling a 30% stake to Global Commodity Trader, Vitol.
Mozambique is set to inaugurate its first liquefied petroleum gas (LPG) processing and production facility on November 13, marking a major milestone in the country’s energy sector.
Ghana’s oldest refinery, the Tema Oil Refinery (TOR) will be resuming operations in October after an extensive turnaround maintenance on its crude distillation unit.
In a major boost to Liberia’s resurging oil and gas sector, Nigeria’s Atlas-Oranto Petroleum, owned by billionaire Prince Arthur Eze, has signed a landmark $800 million deal securing four offshore exploration blocks in the West African nation.
Incremental Profit, a South African supply chain firm, has announced a partnership with Onebeat, a global AI-powered firm, to improve inventory management for retailers and distributors in South Africa.
Nigeria’s oil output has exceeded its OPEC quota after recording an average of 1.68 million bdp in the second quarter of 2025, the new National Bureau of Statistics (NBS) report shows.
Norway’s Climate Investment Fund and pension giant KLP are investing NOK 850 million ($80 million) in South Africa’s renewable energy sector through a new platform, Anthem.
French oil giant TotalEnergies has suffered a major setback in its efforts to divest mature onshore assets in Nigeria, after regulators announced the collapse of its $860 million deal with Chappal Energies.
Kenya’s Kamau Thugge and Morocco’s Abdellatif Jouahri have earned top marks in Global Finance magazine’s 2025 “Central Banker Report Cards,” placing ahead of peers from Egypt, Ethiopia, South Africa and Uganda in the annual global ranking.
Capitec Bank, which handles over 40% of South Africa’s airtime and data transactions, is deepening its telecoms push with a micro-airtime advance, betting the phased rollout will scale rapidly across its 25-million-strong customer base.
The unanimous move marks a turn from one of the most aggressive tightening cycles in the bank’s history and broadly aligned with market expectations.
A retail outlet owned by Nigerian billionaire Mike Adenuga, Conoil Plc, has begun lifting refined products directly from the Dangote refinery, joining other marketers in bypassing traditional middlemen.
The reforms form part of Pretoria’s broader Operation Vulindlela programme, launched in 2020 to unlock investment and expand private-sector participation in infrastructure.
Angola’s crude oil output has climbed back above 1 million barrels per day (bdp), supported by new investment from international companies seeking to tap its offshore and onshore reserves.
South Africa’s state-owned power utility, Eskom, earlier this morning announced an unplanned electricity supply interruption in Limpopo province including municipality such as Sekororo, Bismark, Balloon and Morareleng.
