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Kenya has launched its very first Battery Energy Storage System (BESS) to supply uninterrupted renewable power to its modular data center in the nation’s capital, Nairobi.
Portugal is considering a potential connection to Morocco’s power network three months after a massive power outage plunged the Iberian Peninsula into darkness
A joint venture between Glencore and logistics firm Tristar Group has reached a deal to acquire a 37% stake in South Africa’s largest oil storage facility.
The national oil company of Algeria, Sonatrach, has signed a production sharing contract (PSC) with TotalEnergies and QatarEnergy for the Ahara perimeter in southeastern Algeria.
Since its inception in 2008, the lender has extended a total of $22.2bn to Egypt, making the country one its top beneficiaries.
Egyptian energy firm, Korra Energi, has secured the contract to build a $1 million hybrid solar power plant for the Esh El Mallaha Petroleum Company (Eshpetco).
Sun King has signed a $156 million (KES 20.1 billion) agreement with Kenya to expand clean energy, marking the largest of its kind in Sub-Saharan Africa outside South Africa.
The Egypt’s Ministry of Petroleum & Mineral Resources has disclosed that natural gas from Cyprus’ Cronos field will be connected to gas infrastructure in Egypt to boost production in both nations.
Egypt is increasing its reliance on Liquefied Natural Gas (LNG) imports to meet domestic energy needs, following a sharp drop in local gas production and growing power consumption.
MTN Nigeria Communications Plc on Tuesday became the most valuable company on the Nigerian stock market, after its market capitalisation crossed the ₦9 trillion mark for the first time, overtaking Airtel Africa.
Although slightly the delayed, the shift remains a critical step in widening Kenya’s financial inclusion as it eliminates the long-standing rule requiring investors to buy shares in lots of 100.
East African nations, Tanzania and Zambia, are set to receive $322 million in financing from the African Development Bank (AfDB) to support electricity generation, transmission and clean energy access projects in the region.
French energy major, Total Energies, has said it will not proceed with the development of its multi billion dollar Venus oil discovery in Namibia until it reaches a firm agreement with the Namibian Government.
The copper-producer’s external debt obligations to the World Bank and other lenders has locked it out of global capital markets since 2000, when it first defaulted.
The fall in revenue comes as Ghana continues to face external risks shaped by fluctuating crude prices, geopolitical tensions, and global trade uncertainties.
South Africa’s state-owned utility, Eskom, eyes a significant boost in power supply through a $6 billion expansion of Mozambique’s Cahora Bassa Dam, operated by Hidroeléctrica de Cahora Bassa (HCB).
The president of Dangote Group, Aliko Dangote, is urging the federal government of Nigeria to add refined petroleum products to the list of prohibited imports under the new “Nigeria First” initiative.
The deal, which was first proposed last November, was executed through the bank’s subsidiary, Access Bank UK Limited, and has received full regulatory approvals in Mauritius.
The Republic of the Congo is poised to receive an impressive sum of $100 million from the World Bank to support the country’s electricity project known as PASEL.
Italian Eni has signed a five-year agreement with French offshore vessel operator Bourbon to supply six new vessels to boost offshore gas activities in the Republic of Congo.
