First Independent Mena Newspaper
The US oil and gas exploration company, Kosmos Energy has confirmed a large-scale gas find at its Yakaar-2 appraisal well, offshore Senegal. In a statement released this week, Kosmos said the Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in a similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well, continuing […]
The African Development Bank (AfDB) has announced a contribution of $267 million to finance the implementation of the Priority Investment Program (PIP) of the G5 Sahel. The Priority Investment Program is a 14.8-billion-dollar program addressing development needs in governance, security, economic resilience, and infrastructure in the Sahel region. The program aims to improve the living […]
The Angolan government plans to install about 30,000 solar photovoltaic systems in rural areas to produce 600 MW of electricity in the Central African nation. According to Angolan Minister of Energy and Water, João Baptista Borges, the government was considering increasing the rate of access to electricity, especially in rural areas. Currently, less than 40% […]
A Moroccan energy efficiency project has been selected in an international competition to receive a €20 million funding from the NAMA Facility. The Moroccan project, Integration of energy efficiency in the building sector, has received a €20 million fund from the Nama Facility, an international climate finance program that seeks to encourage ambitious action on […]
The Ethiopian government has rejected outright Egypt’s proposal on the filling and operating of the $4 billion hydropower dam, the Great Ethiopian Renaissance Dam (GERD), being constructed by the Horn of Africa country on the Nile. Addressing a press conference in Ethiopia’s capital Addis Ababa Wednesday, Sileshi Bekele, minister for Water, Irrigation and Electricity described […]
The German development agency, Kreditanstalt für Wiederaufbau (KfW), has signed an agreement with Zambia related to the rehabilitation and extension of a hydroelectric power plant. The agreement reached between the Zambia Electricity Supply Corporation (Zesco) and KfW involves a $46 million loan for the rehabilitation and expansion of the Chishimba hydroelectric power plant in Kasama […]
Over 1200 students representing 58 universities from the USA, Europe, Asia and Africa are taking part in the African Solar Decathlon 2019 currently held in the green city Mohammed VI of Benguerir, Morocco. This international competition (Sept.13-27) challenges collegiate teams to design and build solar-powered houses that are highly energy-efficient, affordable, and comfortable to live […]
Namibia and Botswana are working together on a 5,000 MW solar megaproject, Global Future Councils of the World Economic Forum said. Financial institutions such as the African Development Bank (AfDB), the World Bank and the International Renewable Energy Agency (IRENA) are members of the Global Future Councils. The megaproject provides for building both photovoltaic and […]
ENGIE expands its decentralized energy offering in Africa through the acquisition of Mobisol, a pioneer of off-grid solar solutions, the company announced this Tuesday in a press release. Mobisol has operations in Tanzania, Rwanda, and Kenya and has installed more than 150,000 solar home systems, providing clean and reliable energy to over 750,000 people in […]
US hydrocarbon exploration firm, Vaalco Energy, will start an offshore drilling campaign next month as Gabon works to increase its crude oil production by 50 percent by 2020/2021. The start of the drilling campaign follows a successful full-field maintenance shut down at four of Vaalco’s platforms in the Central African nation The five-well drilling campaign […]