Africa Emerging Markets Energy Headlines International

Solar Power Revolutionizes Energy Access in Central and West Africa

Solar power companies are rapidly expanding in Central and West Africa, bringing electricity to millions in regions where 600 million people still lack access. These often African-owned businesses operate in areas with low electrification rates, offering products ranging from solar-powered lamps to complete home systems. In West Africa, where 220 million people live without power, […]

Africa Algeria Emerging Markets Energy Headlines International Maghreb Morocco

Algeria’s presidency in denial as Morocco-Nigeria pipeline progresses

Algeria’s president had nothing but words to attack the transatlantic pipeline that will connect Nigeria to Morocco, benefiting 13 other West African states. Speaking at an interview with sycophant state-sponsored media, Tebboune said the trans-Saharian pipeline was an “economic project” that would connect Nigeria to Algeria to “serve Europe.” Tebboune made the comment amid worsening […]

Energy Headlines Libya

Libya: Oil production to resume in eastern part of country

After a suspension of more than a month due to a significant political crisis involving the UN-recognized Government in Tripoli, eastern Libyan authorities announced on Thursday, October 3, that oil production and exports from the region will resume. Oil operations, which have been halted since August 26, are set to restart following the lifting of […]

Africa Energy Headlines International Mauritania

Mauritania-Senegal: Production of the “Grande Tortue Ahmeyim” gas field planned for early 2025

Mauritanian Minister of Energy and Petroleum, Mohamed Ould Khaled, has announced that the extraction operations from the joint gas field with Senegal, designated as the Grande Tortue Ahmeyim (GTA), are projected to start in early 2025. During his address at the inaugural Mauritanian-Senegalese Economic Forum in Dakar, which commenced earlier this week under the theme […]

Africa Americas Energy Headlines International

US agency offers Sierra Loan $430 mln grant to boost electricity access

The Millennium Challenge Corporation, a U.S. state development fund, offered a grant of $430 million to help Sierra Leone generalize electricity access. The grant would back efforts to give electricity access to some 4.6 million people in the country where 30% of the population lacks electricity. Electricity access is a major issue in Sub-Saharan Africa, […]

Egypt Energy Headlines

Egypt: Renewable energy to supply 42% of energy mix by 2040

Egypt’s ambitious goals to have renewable energy accounting for over 42% of Egypt’s energy mix by 2040 were outlined during the BRICS Energy Ministers Conference held in Moscow this week. In an address before the conference, Minister of Electricity and Renewable Energy, Mahmoud Esmat, said Egypt also targets to capture 5-8% of the global green […]

Africa Energy Headlines International

Exxon Mobil plans $10bln investment in Nigeria

Hydrocarbons giant Exxon Mobil plans to invest 10 billion dollars in Nigeria’s offshore oil, a spokesman for Nigeria’s presidency said. The investment was discussed by Nigeria’s Vice President Kashim Shettima and the CEO of Exxon’s Nigeria operations Shane Harris on the sidelines of the U.N. General Assembly in New York, presidential spokesperson Stanley Nkwocha said […]

Emerging Markets Energy Europe Headlines International Libya

Libya: Italian ENI starts exploratory drilling in Ghadames Basin

Italian oil company Eni announced on September 24 that it will begin onshore exploratory drilling in Libya’s Ghadames Basin next month, with plans to launch an offshore drilling campaign in the Sirte Basin by the end of 2025. Speaking at the Libyan-Italian roundtable in Rome, Martina Obizzi, President of the North Africa and Levant region […]

Africa Energy Headlines International

AfDB, World Bank team up to promote electricity access in Africa

The African Development Bank (AfDB) and the World Bank are working together to provide electricity to 300 million Africans by 2030 through renewable energy system. Some 600 million Africans lack access to electricity, creating significant barriers to health care, education, productivity, digital inclusivity, and ultimately job creation, according to the World Bank. The WB said […]

Egypt Energy Headlines

Egyptian corporation acquires 20 shipments of LNG for $907M to meet domestic needs

The Egyptian government has finalized the purchase of 20 shipments of Liquefied Natural Gas (LNG) worth approximately $907 million to meet the country’s domestic energy demands between October and December 2024, according to undisclosed sources cited by Reuters. The procurement, overseen by the Egyptian General Petroleum Corporation (EGPC), features a six-month deferred payment plan. This […]