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Energy
Top stories
News of the proposed IPO has generated excitement among investors, fund managers and policymakers. Supporters believe it could deepen liquidity in Nigeria’s capital market and attract fresh domestic and foreign investment.
The Dangote Petroleum Refinery is seeking to raise $1 billion from institutional investors through a private placement that values the facility at $39.1 billion.
China’s Hengli Petrochemical has purchased at least 2 million barrels of West African crude as it moves to replace Iranian oil supplies following US sanctions imposed on the company.
South Africa’s state power utility, Eskom, has launched a dedicated renewable energy business designed to accelerate large-scale clean energy development to around 3,200 MW by 2040.
Fifteen Nigerian states have set up independent electricity regulators under the Electricity Act 2023, shifting power market oversight from federal to state level in a landmark decentralisation.
Dangote Petroleum Refinery has begun construction on a second unit adding 700,000 bpd, targeting 1.4 million bpd total capacity by 2028 and positioning Nigeria as a regional fuel exporter.
Kenya has withdrawn a proposed electricity tariff review that would have set new power prices for millions of households and businesses from July this year.
Eskom just celebrated a year without load shedding. But for millions of South Africans, the power crisis feels anything but over. The bills are rising, the theft is worsening, and the debt is piling up.
Nigeria’s electricity regulator has ordered distribution companies to compensate premium electricity customers, known as Band A, who did not receive the minimum supply hours they were billed for during the first quarter of 2026.
Nigeria’s electricity regulator has launched a new framework that allows eligible consumers to generate their own power and sell whatever they do not use back to the national grid.
Ethiopia’s 2025–2030 e-mobility strategy targets 500,000 EVs and 2,200 charging stations by 2030, using a 90% renewable grid to cut $4bn in annual fuel imports.
South Africa’s retail petrol price is set to reach a record high this month after the government began withdrawing temporary tax relief measures that had cushioned consumers against fuel cost increases.
Azana Electric Group has secured a US$20 million BII debt facility for run-of-river hydropower projects, reflecting a development finance shift toward smaller, distributed renewable energy across Africa.
Petrol now costs Nigerians over N1,300 per litre. The Dangote refinery was supposed to change that. It has not. And the government has said almost nothing.
Ghana beat the odds and crushed inflation faster than any country in Africa. Now a global oil shock is coming for everything it built. How long can it hold?
Nigerian billionaire Aliko Dangote is considering Kenya as the location for a proposed 650,000-barrel-per-day oil refinery in East Africa.
Dangote wants to build his next mega-refinery in East Africa. But Uganda, Kenya, and Tanzania already have rival plans — and the politics are just as tangled as the pipelines.
The United Arab Emirates, of one the oil-rich Gulf State, has announced its decision to exit the Organization of the Petroleum Exporting Countries and the OPEC+ alliance, effective May 1, 2026.
Electricity consumers in Kenya are set to pay higher power bills after the Energy and Petroleum Regulatory Authority (EPRA), the regulator in charge of the sector, introduced new charges in its April 2026 tariff review.
Cameroon is moving to secure its fuel supply by strengthening ties with Nigeria’s Dangote Refinery, as concerns mount over potential disruptions linked to tensions in the Middle East.
