First Independent Mena Newspaper
Ethiopia will inject huge investments in renewable energy transmission, Prime Minister Abiy Ahmed said. According to the Premier, China had agreed to invest $1.8 billion to improve electricity on the Ethiopia-Djibouti line, thereby increasing electricity supplies to Ethiopian cities and 16 industrial parks. Beijing made the pledge on the sidelines of the Belt and Road […]
Morocco’s Office National de L’Electricité et de L’Eau Potable (ONEE) and British upstream gas company Sound Energy PLC are conducting negotiations to conclude a binding agreement on the purchase of Tendrara’s gas. The announcement was made by Sound Energy which said that it received an offer from the Moroccan government to purchase its Tendrara’s gas. […]
Nebras Power has announced it acquired 60 per cent of stakes in Tunisia’s Carthage Energy Company making the deal the first expansion of the company into North Africa. The Dutch affiliate of the Doha-based company, Nebras Power Investment Management, completed the acquisition this week as the company makes its first foray into North Africa. The […]
The World Bank Group has approved a $200m fund to implement the Regional Off-Grid Electrification Project (ROGEP) in West Africa and Sahel region. The fund includes $150 million in the form of credit and grant from the International Development Association (IDA) and $74.7 million contingent recovery grant from the Clean Technology Fund. ROGEP primarily seeks […]
Kenya’s goal of becoming an oil exporting country by 2022 may not be realized, London-based oil explorer, Tullow Oil said. According to the oil giant, delays from the government in making critical decisions have potentially stalled output. Tullow, which has already spent more than $1 billion in exploration activities over the past six years, last […]
redator Oil & Gas Holdings said it made a significant gas discovery in the Guercif permit in eastern Morocco. The discovery was described by the British company as “another very positive step” with a best estimate recoverable prospective resources of 474 billion cubic feet. The company plans to sell the gas from the permit to […]
Kenya authorities plan to invest more in solar energy as results from the Garissa solar power plant in eastern Kenya helps to stabilize electricity prices in the Eastern African nation. According to Simon Gicharu, Chairman of the Board of Directors of the rural electrification and renewable energy company (Rerec), the Kenyan government will not rest […]
The World Bank Group approved a $45 million loan to the Central African Republic to support the construction of a solar power plant near capital Bangui. The project, to have a capacity of 25 MW, will accelerate the economic development of the country, according to the government. The implementation is scheduled to begin in August […]
The African Enterprise Challenge Fund (AECF), an investment fund set up by the British government has announced a new investment of $20 million to support small and medium-sized enterprises (SMEs) and start-ups in five African countries. Ethiopia, Ghana, Nigeria, Senegal and Somalia are the selected countries for the React Household Solar Round 2 competition. AECF […]
The ECOWAS Bank for Investment and Development (EBID) and the Private Finance Advisory Network (PFAN) have signed a partnership agreement to promote renewable energy within the Economic Community of West African States (ECOWAS). According to the Lomé-based financial institution, the objective of the partnership is to encourage private investment in renewable energy production in the […]