Africa
Africa: New Plan to Accelerate Clean Energy Access for Millions Globally
Amid the global energy crisis and worsening climate emergency, the United Nations and partners on Wednesday launched two new initiatives to accelerate action towards achieving clean, affordable energy for all, and the ambitious goal of net-zero carbon emissions. The...
How Tanzania is Bagging Billions in Natural Gas Investments
Tanzania liquefied natural gas front has received a $30 billion shot in the arm from large energy companies including Equinor and Exxon Mobil. Tanzania has an estimated 57 trillion cubic feet of natural gas reserves ExxonMobil, Equinor and Shell are among two top...
Nigeria: How Master Plan Will Revamp Nigeria’s Energy Sector – Govt
The Minister of Science, Technology and Innovation, Dr Ogbonnaya Onu, has said the 2022 Revised National Energy Policy (RNEP) and the National Energy Master Plan (NEMP) will positively impact Nigeria's energy sector. Onu, who made this assertion in a statement signed...
Museveni – Africa Can Solve the Energy Crisis
The discovery of oil in Uganda has been cause for celebration at home. Predictably, however, the Lake Albert basin oil project -- which marks a milestone in Uganda's ambition to become an oil producer and exporter -- is being met with criticism from developed and...
DRC: IFC to mobilise $400m for electrification via solar mini-grids
In the Democratic Republic of Congo (DRC), the International Finance Corporation (IFC) is launching its Scaling Mini-Grid (SMG) programme. The subsidiary of the World Bank Group wants to mobilise USD 400 million in private investment for electrification via mini-grids...
Niger gears up for nation’s first-ever wind farm, eventually one of Africa’s largest
Savannah Energy PLC and the Ministry of Petroleum, Energy and Renewable Energies of the Republic of Niger have signed an agreement for the construction and operation of the country’s first wind farm, which is expected to be one of the largest wind farms in Africa. The...
World Bank Authorises $55million to Increase Energy Access in Djibouti
The World Bank’s Board of Directors has approved $55 million for a second Djibouti-Power System Interconnection Project. The project aims to enhance regional connectivity through improved low-cost and clean electricity transmission between Ethiopia and Djibouti. The...
Kenya: Government Urged to Deal With Cartels Behind Fuel Shortage
The government has been challenged to deal firmly with cartels in the energy sector, causing artificial shortage of oil, so as to have petrol prices increased. Ugenya Member of Parliament, David Ochieng, said it was high time that Parliament, the Directorate of...
Africa: IMF Pledges Support for Countries Threatened Economically by Ukraine War
African economies, already battling to recover from a Covid-induced recession, face major obstacles as they manage "spillover" effects from the war in Ukraine, IMF Managing Director Kristalina Georgieva told a media roundtable with global reporters on Thursday (March...
Energy Crisis – Nigeria to Lose N1.2bn Daily Over Agip Oil Export Cut
Nigeria's energy crisis on Monday took a multiple dimension as Agip announced a halt in oil export at its 25,000 barrels per day (bpd) Brass export terminal in Bayelsa. This was sequel to a blast at its facility, which could trigger a $2.84 million (about N1.2...
