First Independent Mena Newspaper
The African Development Bank (AfDB) has approved a $20 million grant to finance a solar off-grid electrification program in the Democratic Republic of Congo (DRC). According to Amadou Hott, AfDB Vice President in charge of Electricity, Energy, Climate Change and Green Growth, this innovative project will hopefully demonstrate the viability and interest of the private […]
Der Mond Group, an Oil and Gas company headquartered in Abu Dhabi, has signed an agreement with Swiss consulting services company Iota Group to open a petroleum academy in Dakar, Senegal. The first oil and gas academy in Senegal is dedicated to train a wide range of professionals from West African countries in the fields […]
The African oil industry has attracted over $30-billion investment in logistics, distribution, storage terminals, import facilities and retail marketing in recent years. The information was disclosed during the fourteenth annual conference of the African Refiners and Distributors Association (ARA), held in Cape Town over the weekend. According to reports from the ARA conference, new prospecting, […]
The East African Community (EAC) has secure $2.5 billion loan from the African Development Bank (AfDB) to provide an additional 7,480 megawatts (MW) of electricity by 2022. The regional bloc comprises six member states in the African Great Lakes region in eastern Africa, namely: Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda. The funds – […]
The African Development Bank and KfW Development Bank this week said they will be partnering to accelerate implementation of recommendations contained in the 2018 Electricity Regulators Index (ERI) report for Côte d’Ivoire’s energy sector. This partnership arrangement between the two institutions was announced during a technical workshop with key stakeholders from the West African nation’s […]
Schneider Electric has unveiled its Kenya-made ‘Villaya Emergency’, a containerized mobile solar microgrid solution designed to be easy to use in any humanitarian emergency. The kit manufactured in Kenya is a system that generates at least 10-kilowatt peak electricity enough to power a village, health center or individual / group areas in refugee camps. The […]
South Africa’s Minerals Council on Tuesday warned that electricity price increases by state-owned power utility Eskom will lead to over 90,000 job losses in South Africa’s gold and platinum mining industries over the next three years. Earlier this year, South Africa’s National Energy Regulator said that Eskom could hike tariffs by 9.41 percent in 2019, […]
South Sudan’s Minister of Petroleum, Ezekiel Lol Gatkuoth on Monday visited Qatar to boost ties between the two nations. In a meeting with the Acting CEO of Qatar National Bank (QNB) in Doha, Abdallah Mubarak Al-Khalifa, Minister Ezekiel Lol Gatkuoth reaffirmed his commitment to strengthening bilateral ties. QNB was the first Middle Eastern bank to […]
Although Senegal has one of the highest access to electricity rates in sub-Saharan Africa, just 42% of people in rural areas have access, Ibrahima Niane, head of rural electrification programs at the Ministry of Energy said. Ibrahima Niane made the statement during a working session with solar solutions provider Nadji.Bi Group. He explained that off-grid […]
Nigeria’s state-oil firm NNPC plans to revamp its refineries to help Africa’s biggest crude oil producer to save billions of dollars on fuel imports. Despite controlling the world’s 10th-largest oil reserves, Nigeria has only four aging, inefficient state-owned refineries, leaving it almost wholly reliant on imports for its fuel needs. Italy’s Maire Tecnimont won a […]