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IMF Make Lowest Economic Projection in over 50 years for the Middle East and North Africa

According to World Bank data, the latest projection by the International Monetary Fund (IMF) on the Middle East and North Africa is the lowest in over 50 years. The IMF,...
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Mozambique: Total secures $15.8 billion from First National Bank Mozambique for LNG Project

Arguably one of the biggest foreign Energy presence in Africa, French giant, Total, has secured $15.8 billion funding from South African lender FirstRand's local unit, First National Bank (FNB) Mozambique...
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Angola: The ESEEP is set for 60% Electrification by 2025

The government of Angola is stepping up efforts to ensure 60% electrification by 2025. The Energy Sector Efficiency and Expansion Program (ESEEP) will create an interconnected national grid supplying north,...
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Nigeria: NNPC Announces 19.14% Increase in Natural Gas Supply to Power Plants for April 2020

The Nigerian National Petroleum Corporation (NNPC) announced on Thursday 9th July 2020 that there has been an increase of 19.14% in the average daily natural gas supply to power plants...
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Ghana has already lost $1.04 billion in the Oil Sector due to COVID-19 pandemic

The Director-General of the Ghanaian Petroleum Regulator, Egbert Faibille Jr, revealed that the COVID-19 pandemic has caused a shortfall of $1.04 billion for Ghana. Exploration is said to be the...
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Solar X Secures Financing from EAV for Development of Solar Market for Businesses in West Africa

Energy Access Venture (EAV), a seed investment fund that invests in renewable energy in Africa has aided Malian-based solar company, SolarX, in securing a Class/Series A funding for its intended...
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IFC Provides COVID-19 Relief to Mauritania through Addax Energy

The International Finance Corporation (IFC) is set to provide $35 million as part of a $200 million credit facility arranged by Societe Generale to aid Addax Energy SA in delivering...
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Guinea: AFC Sings Joint Development Agreement with Brahms Oil Refineries

The Africa Finance Corporation (AFC) has signed a Joint Development Agreement (JDA) with Brahms Oil Refineries Limited on the development and financing of a petroleum storage and associated refinery project...
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Nigeria: DPR Announces it has Received Over 600 bids for the Ongoing Bid Rounds of Marginal Oilfields

The Department of Petroleum Resources (DPR) in Nigeria has announced that over 600 companies have already applied to be prequalified for the ongoing bid rounds of the marginal oilfields in...
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Embassy of Switzerland in Zimbabwe Switches to Renewable Energy

The Embassy of Switzerland in Harare, Zimbabwe, through its eight large solar panels can now generate up to 160 kilowatts (KW). During the joint commissioning with the Minister of Energy...
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