First Independent Mena Newspaper
The limbo in Algerian politics is throwing its weight on the oil and gas industry in the country, which represents 95% of the North African country’s revenues. After reports of strikes in some oil and gas field, ExxonMobile halted talks with Algeria’s hydrocarbon giant Sonatrach as protests continue to simmer across the country, Reuters reported. […]
Private Equity-backed Themis, an Africa-focussed power company based in Morocco, has announced a new partnership with Kingline Development Nigeria Limited (Kingline) to develop a 550MW natural gas-fired power plant in Ondo State, Nigeria. At a project cost of approximately $600 million, the plant is set to become one of the world’s lowest cost natural gas-fired […]
Kenyan Telecommunications giant Safaricom is eyeing the electricity market following the enactment of a law that opened up power retail market to individuals and private companies. Earlier this month, Kenya has overhauled the regulatory framework of the energy and petroleum sectors with the enactment of two laws that put emphasis on increasing electricity connectivity. With […]
South Africa’s Energy Minister Jeff Radebe has highlighted the importance to consider all energy sources available in the country’s future energy plans. Addressing the BBQ Awards in Johannesburg, Radebe stressed the need for the country to consider nuclear as a clean energy source that can be part of its electricity generation mix. He said South […]
The director and chairperson of South Africa’s Central Energy Fund board has been dismissed, the minister of energy, Jeff Radebe said in a statement. The Central Energy Fund (CEF) manages defined energy interests on behalf of the government, including the development of the country’s oil and gas assets. The board of the CEF also oversees […]
The Government of Ghana and the United Nations Development Program (UNDP) will host an Investment Forum to discuss ways to crowd-in private sector investment for clean energy projects in Ghana that are financially viable. The forum will be a platform to discuss and showcase proven climate solutions and investment-ready climate action projects to attract support […]
The African Development Bank will double its climate finance commitments for the period 2020-2025, the Bank’s President announced at the One Planet Summit taking place in Nairobi. Akinwumi A. Adesina said that the Bank would commit at least $25 billion towards climate finance. Speaking at a plenary of the Summit Thursday in the presence of […]
The government of Burkina Faso has secured a $51 million deal from the European Union (EU) and the French Development Agency to support the construction of power transmission lines from Nigeria to Burkina Faso. The Dorsale Nord project features 880 km of high-voltage transmission lines from Birnin Kebi in Nigeria to Ouagadougou in Burkina Faso. […]
Qatar Petroleum has joined the Italian oil company ENI and Morocco’s Office for Hydrocarbons and Mining ONHYM to explore for oil and gas off Tarfaya. ENI and Qatar Petroleum have signed an agreement on Wednesday allowing the Qatari company to acquire a 30% stake in the offshore concession of Tarfaya, including 12 blocks of exploration […]
The Rural Electrification Agency of Uganda has received funds for the acquisition of supply and delivery of self-protected distribution transformers. Self-protecting distribution transformers incorporate a circuit-breaking safety system that shuts down the transformer in the event of an internal fault. The Rural Electrification Agency in a notice release earlier this week invites sealed bids […]