First Independent Mena Newspaper
The Johannesburg Securities Exchange (JSE)-listed AEP Energy will convert the two diesel-fired Nairobi power plants it’s acquiring from Iberafrica to gas-fired generators whose electricity is cleaner and cheaper, the company said. The South African giant is buying out Spanish company Naturgy Energy Group, which held 100 per cent shareholding in the Iberafrica diesel plants […]
The World Bank will soon launch a new program aimed at fast-tracking offshore wind energy in Africa and other developing countries, the Washington-based group said. According to Riccardo Puliti, senior director and head of energy and extractives at the World Bank, the International Finance Corporation (IFC) will join the group in helping emerging markets assess […]
Algeria’s state-owned oil and gas company will launch offshore drilling with France’s Total and Italy’s ENI on the eastern coast between Bejaia and Skikda for the first time in its history. According to Sonatrach’s Director for New Resources, Youcef Khankar, the campaign will begin in the second half of the year, with 2D and 3D […]
Winch Energy Ltd, a global energy developer and technology integrator focusing on off-grid renewable power projects has announced that it has signed a contract with the Ministry of Energy in Sierra Leone to provide electricity to 24 towns and villages. The project that will be implemented in northern Sierra Leone through solar mini-grids is part […]
Scores of African governments and business officials are expected in Hamburg on March 27 and 28 to take part in the 13th German-African Energy Forum. The meeting is expected to set the stage for German and African businesses as well as public enterprises to expand economic ties, strike deals, and combat “energy poverty”. Under the […]
The United Kingdom has announced new funding to give more people and companies across Africa access to affordable, clean energy. The announcement was made lately by UK’s Minister for Africa, Harriett Baldwin. According to Ms. Harriett Baldwin, the new funding will see £30 million added to the Transforming Energy Access program, taking total UK investment […]
Equatorial Guinea hosts on April 2-5 in Malabo the African Petroleum Producers Organization’s Cape VII Congress and Exhibition, set to bring together the continent’s leading energy ministers, top oil and gas executives as well as international policy leaders. In a press statement, the African Petroleum Producers Organization (APPO) said the event will focus on policy […]
In Africa, nearly 600 million people, or 48% of the continent’s population, still lack access to electricity, with the majority living in rural areas. The continent will not fully develop if hundreds of millions of its people continue to live without electricity, Economic Commission for Africa’s Executive Secretary, Vera Songwe said Thursday. Songwe who […]
Uganda has joined the Extractive Industries Transparency Initiative (EITI) in order to subject its oil industry to scrutiny and promote accountable management of revenues. Uganda discovered crude reserves more than 10 years ago but production has been repeatedly delayed by disagreements with field operators over taxes and development strategy. According to Uganda’s Minister for Finance, […]
British-based solar energy provider BBOXX has completed a significant funding round of approximately $6m, which will accelerate the company’s vision of improving access to energy across Africa and the developing world. Sources close to BBOXX reveal that in Europe, 4,400 single investors took part in the crowdfunding, investing an average of €500-€600. BBOXX’s goal is […]