By NJ Ayuk, Executive Chairman, African Energy Chamber (http://www.EnergyChamber.org) In a televised speech earlier this summer, South Africa’s Minister of Mineral Resources and Energy, Gwede Mantashe, pushed back strongly against environmental groups’ efforts to block oil and gas production in his country. Even before his speech, Mantashe has been an outspoken… +
The Corporation’s investment in the Sangomar oil field will be used to drive the first phase of development towards achieving first oil, a key milestone in the advancement of the country’s hydrocarbons sector Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the continent, is partnering with the Government… +
On completion of phase 1, the refinery will process 30,000 barrels of crude oil per day, delivering c. 10% of the country’s total demand for refined oil products Gemcorp Holdings Limited (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) are pleased to announce the financial close of the Cabinda… +
South Africa has the potential to become a renewable energy giant within five years. Opportunities abound in solar, wind power, biomass, green hydrogen and the manufacture and export of green commodities. South Africa’s electricity crisis could boost the country’s future competitiveness. This was the message from Gareth Rees, Head of Sustainability… +
The African Development Bank’s (www.AfDB.org) Urban and Municipal Development Fund (UMDF) (https://apo-opa.info/43CHYIN) has approved a grant of $485,000 for a solar electricity project in Namibia that will power some 50,000 households in the capital city. The “Informal Settlement Renewable Electrification and Upgrading Program” will directly benefit around 200,000 people in… +
The Africa Investment Forum presented four renewable energy and sustainability projects worth nearly $1.5 billion to investors on the sidelines of the African Development Bank Group’s (www.AfDB.org) 2023 Annual Meetings. The curated projects, which are drawn from all of Africa’s regions, are sourced from the Africa Investment Forum’s pipeline. They reflect… +
Burundi has officially inaugurated the country’s first utility-scale solar field, as part of push to leverage renewable energy for improved access to electricity for homes and businesses. The grid-connected 7.5MW solar power plant, located in Mubuga, became operational in 2021. It has since then provided more than 10% of Burundi’s… +
With the discovery of the Greater Tortue Ahmeyim (GTA) gas field in 2015 and the latest developments regarding the BirAllah field, Mauritania has become an increasingly attractive destination for investment. In addition to hydrocarbon supply benefits, the country is set to see numerous economic opportunities made possible through oil and… +
Financing Objectives Components The project will improve the electricity supply, improving the population’s socio-economic development Target area and population The project entails the construction of a grid-connected solar photovoltaic power plant near the town of Dekemhare 40 km southeast of the capital Asmara, and to increase the capacity to supply… +
H.E Obiang Nguema Mbasogo, President of the Republic of Guinea has appointed Teresa Isabel Nnang Avomo as the new Director General for national oil company (NOC) GEPetrol, replacing H.E Antonio Oburu Ondó who was appointed Minister of Mines and Hydrocarbons in a cabinet reshuffle in early February. The selection of… +
