The project is funded by the African Development Fund, the concessional window of the African Development Bank Group, which provided a $9.08 million loan and a $7.28 million grant The bustling sound of dough kneading fills the air at Pierre Gbenou Tito Dossou’s bakery in Okoun-Sèmè, Benin, as the onceContinue Reading
Following the launch of a gas-to-industry supply project in Cameroon, Perenco is set to unlock a new wave of investment and project development Reaffirming its unwavering dedication to Africa’s energy sector, independent hydrocarbon producer Perenco recently launched its first-ever gas-to-industry supply project in Cameroon. Last July, the company put intoContinue Reading
The withdrawal of Western financial support from Africa’s oil and gas sector, coupled with delays in key projects due to lack of investment, threatens to undermine the continent’s energy development and economic progress says the African Energy Chamber In recent years, several Western banks and financial institutions have implemented policiesContinue Reading
Adi-Neamin is one of the 13 administrative areas in the Logo-Anseba sub-zone and is located 16 km north of Mekerka A new dam with a capacity of holding 147,000 cubic meters of water was inaugurated on 3 August in the Adi-Neamin administrative area, Logo-Anseba subzone. Built at a cost ofContinue Reading
To support the expansion of its natural gas infrastructure and ensure a more prosperous future, there are several policy initiatives that South Africa should embrace By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org). South Africa is in many ways one of the most modern countries in Africa, particularly withContinue Reading
The AEC invites all eligible women who are making significant strides in the energy sector to apply or nominate a deserving candidate The African Energy Chamber (AEC) (https://EnergyChamber.org) is proud to celebrate the 25 under 40 women leaders transforming the African energy landscape. As a catalyst for global development, the AfricanContinue Reading
On June 4, 2024, the African Export-Import Bank (Afreximbank) and the African Petroleum Producers’ Organization (APPO) formalized the creation of the African Energy Bank (AEB) by signing the establishment agreement and charter of the new institution. This historic event marks a crucial step towards the African continent’s energy independence andContinue Reading
This announcement follows the success of the first accordion tranche of the US$3.3 billion facility African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has announced an additional disbursement of US$925 million under the syndicated US$3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company (NNPC) Limited. This brings the totalContinue Reading
The deal signifies a pivotal step in Algeria’s hydrocarbon development, marking a strategic partnership aimed at tapping into the nation’s gas reserves Algeria’s state oil company Sonatrach and energy major ExxonMobil have signed a deal to develop two major gas fields in southern Algeria’s Ahnet and Gourara basins. The agreement,Continue Reading
On the back of recent investments, exploration and production updates and strong willingness by the government, the Republic of Congo is taking historic measures to ensure its oil and gas industry drives resource monetization and energy access throughout Africa Oil and gas supermajor TotalEnergies has announced that it will investContinue Reading
