The Bank also plans to mobilise up to an additional €141 million from financial partners to support the implementation of this strategic project, acting as Mandated Lead Arranger under the New African Financial Architecture for Development (NAFAD) The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved… +
The Government of South Sudan has decided not to renew the exploration and production license held by Oranto Petroleum for Block B3, marking a turning point in the management of its strategic oil assets. The announcement was made by the South Sudanese Ministry of Petroleum following a performance review of… +
This co-investment mobilizes European institutional capital for climate-friendly infrastructure and the energy transition. The African Development Bank Group (www.AfDB.org) and ILX Management B.V. (ILX) have finalized their first transaction, marking a significant milestone in their partnership aimed at mobilizing European institutional capital for climate-friendly infrastructure projects in Africa. ILX has… +
The transaction marks a major milestone for DPRP, Africa’s largest refinery and petrochemical complex with a capacity of 650,000 barrels per day African Export-Import Bank (Afreximbank) is pleased to announce that it has underwritten US$2.5 billion in the US$4-billion senior syndicated term loan in favour of Dangote Petroleum Refinery and… +
Female STEM interns inspect solar panels installed at Nigeria’s Federal University of Lafia as part of Phase III of the Energising Education Programme, financed by the African Development Bank Group. At Nigeria’s Federal University in Lafia, in the north-central part of the country, a new solar hybrid project financed by… +
The African Development Bank Group has approved, on 18 February, $58.04 million to expand access to reliable and clean electricity across three towns in the Eritrea’s southwest Gash Barka region. Under the Eritrea Energy Integrated Project for Tesseney, Kerkebet and Berantu, the Bank Group will provide an African Development Fund… +
New discoveries in Ivory Coast and Angola reinforce Eni’s dual strategy of frontier exploration and near-field reserve growth in Africa Energy major Eni continues to deliver on its exploration drive in Africa, announcing two major hydrocarbon discoveries in February 2026. In Ivory Coast, the company successfully drilled the Murene South-1X… +
As Africa’s oil and gas sector expands, the African Energy Chamber is demanding investment that guarantees African participation, rejects discrimination and upholds local content Across many Western countries, anti-energy activists attack the very oil and gas industry that provides tax revenue to build schools, pave roads and fund universities. Unreasonable… +
President Abdel Fattah El-Sisi met with Prime Minister Mostafa Madbouly and Minister of Electricity and Renewable Energy Mahmoud Esmat to review preparations for the upcoming summer season and to assess progress on Egypt’s renewable energy and grid modernization strategy. According to Presidential Spokesman Ambassador Mohamed El-Shennawy, the meeting focused on… +
Partnership expands Puma Energy lubricants into the Democratic Republic of Congo Puma Energy, a leading downstream energy company, and Hass Group, a leading oil marketing company in Africa, today announced a lubricant distribution partnership covering the Democratic Republic of Congo (DRC). The agreement was signed at the Investing in African… +
