The RBF II program is a key deliverable under the Bank’s High-5 priority areas of “Light up and Power Africa” and “Improve the Quality of Life of the People of Africa” The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved €173.84 million for the Rwanda Energy Sector… +
The project is being developed by the Chinese company Sunrev Solar, within the scope of TEDA–Egypt, the industrial developer Egypt’s General Authority for the Suez Canal Economic Zone (SCZONE) has laid the foundation stone for a $200 million integrated industrial complex in the Ain Sokhna industrial zone, which focuses on… +
The agreement involves $500 million in financing to develop the Mayumba potash deposit, a flagship project for Gabon’s mineral sovereignty and industrial transformation. On the sidelines of his participation in the multilateral summit convened by His Excellency Donald Trump, President of the United States of America, which focused notably on… +
Africa is on track to become a major player in the global liquefied natural gas (LNG) market, with a growing number of gas projects attracting massive investment. However, this expansion highlights a paradox: while the continent is a leading supplier of energy resources, it still struggles to capture a significant… +
The fiscal deficit improved in 2024 from 6.5% to 5.6% of GDP, thanks to better control of public spending and increased revenue mobilization According to the World Bank’s April 2025 Burkina Faso Economic Update , the country’s economy grew by 4.9% in 2024 compared to 3.0% in 2023. Real per… +
Alioune Guèye, CEO of Petrosen will speak at AEW: Invest in African Energies 2025 as Senegal celebrates major gas milestones and positions itself as a top-tier energy investment destination Alioune Guèye, CEO of Senegal’s national oil company (NOC) Petrosen, has confirmed his participation as a speaker at African Energy Week… +
bp South Africa has joined the 2025 edition of the African Energy Week: Invest in African Energies conference – taking place on September 29–October 3 in Cape Town – as a Platinum Partner bp South Africa – a subsidiary of global energy major bp – is undergoing a strategic transformation… +
Gabon’s new Minister of Oil and Gas HE Sosthène NGUEMA NGUEMA has embarked on an aggressive investment campaign, seeking to attract investment in deepwater exploration opportunities The newly appointed Minister of Oil and Gas of Gabon HE Sosthène NGUEMA is shifting its focus to deepwater oil and gas exploration under efforts to… +
Dr. Elombi succeeds Professor Benedict Oramah as President and Chairman of the Board of Directors of Afreximbank The shareholders of multilateral financial institution the African Export-Import Bank (Afreximbank) have appointed Dr. George Elombi as President and Chairman of the Board of Directors. Dr. Elombi succeeds Professor Benedict Oramah to become… +
Ministers praised the significant progress of the Initiative, including the implementation of more than fifteen projects, several of which are already operational. On June 30, 2025, in Ouagadougou, representatives from six member countries of the Desert to Power Initiative approved key strategic documents to boost independent power production in the… +
