New IEA report lays out pathway to finance universal electricity access in Africa

First-of-its-kind tracking shows investment is rising but remains well below levels needed to close the access gap Insufficient capital is a key obstacle to expanding electricity access for the roughly … Read More

The Future of Africa’s Energy Sector: Balancing Fossil Fuels and Renewables

By NJ Ayuk, Executive Chairman, African Energy Chamber There’s a promising future for African renewables as the continent strives to balance its current reliance on fossil fuels. That’s the prediction … Read More

Mozambique: AfDB’s Sustainable Energy Africa Fund for Africa Provides $2.5 Million to Increase Penetration of Renewable Energy

The Board of Directors of the African Development Bank (AfDB) has approved a grant of a grant of $2.5 million to the Mozambican government to develop renewable energy resources. The … Read More

A clean future for Africa’s energy

Africa’s rapid economic expansion creates a daunting energy challenge, combined with rising expectations of improved resilience and sustainability. Finding a sustainable way to meet growing energy needs is one of … Read More

LIBYA: Production Stoppage at El-Sharara, El-Feel, Al-Wafa and Hamada fields Halts 300,000bpd

The National Oil Corporation (NOC) has announced the shutting down the crude pumping from the Sharara, El Feel, Al Wafa and Hamada fields which it terms “a new chapter in … Read More

ANGOLA: Eni Announces FID on SOLENOVA’s Caraculo Photovoltaic Project

SOLENOVA, an Eni-Sonangol JV aimed at developing renewable energy projects, has reached the Final Investment Decision (FID) and the signing of the Engineering, Procurement and Construction (EPC) contract for the … Read More

Green Climate Fund Invests $150 million in Desert to Power G5 Sahel Financing Facility

The African Development Bank has welcomed $150 million investment in its Desert to Power G5 Financing Facility from the Green Climate Fund (GCF). The GCF approved the amount at its … Read More