A high-level roundtable discussion at the 2023 edition of African Energy Week (AEW) highlighted how the U.S. and African countries can continue to partner across technology, policy and investment. The session began by delving into the U.S.’ relationship with Equatorial Guinea – in which it is the largest single foreign investor – and emphasized the need to identify bankable…
Prices at the pump almost tripled at service stations in Nigeria after the new President announced on Monday that he would end fuel subsidies, journalists observed on Wednesday in several towns across the country.Bola Ahmed Tinubu, who had just been sworn in as president, had declared on Monday that he would end fuel subsidies, one of his campaign promises,…
Aliko Dangote’s highly anticipated $19 billion refinery will finally begin operation today, Monday, May 22, 2023. The Dangote Refinery, located in the Lekki Free Trade Zone of Lagos, is set to be Africa’s largest oil refinery, with a capacity to process 650,000 barrels of crude oil daily. Punch reports that the refinery has been designed to process crude oil…
Mbezi, Dar es Salaam – Nestled in the heart of Tanzania is the Mount Rungwe Pre and Primary School, led by the visionary Okoka Mwapuja. While the establishment stands as a hallmark of education, Mwapuja’s aspirations transcend the conventional. Anchored in a fervent commitment to the environment, he ardently champions the shift towards renewable energy as a sustainable tomorrow’s…
International Energy Companies (IEC) that are involved in negotiations with the government of Tanzania on the LNG project have said that there has been a breakthrough in talks between the two sides. In his social media post, Jared Kuehl, Shell’s Vice President for Tanzania and Country Chair, said the energy companies (IEC) have concluded the negotiations with the government…
From 3 to 4 May, the Mohammed VI Polytechnic University of Rabat is organising, in collaboration with the University of Aix-Marseille and the CNRS, the 13th edition of the Arbois and Mediterranean Round Tables in Aix-en-Provence, on the theme of “Hydrogen tomorrow: myths and realities”. This edition will bring together elected officials, industrial leaders, research and innovation players, students…
African Guarantee Fund and the Clean Cooking Alliance (CCA) have launched a partnership to promote financial innovation, access to responsible carbon finance, and investments in clean cooking companies and programs. In line with our mission, AGF will work through selected financial institutions to carry out the goals of the partnership. Both organizations will focus on markets in East, Southern,…
The government of Tanzania, the African Development Bank, and the French Development Agency (AFD) have signed agreements for two development project loans worth $300 million. The funds will finance the construction of the 87.8-megawatt Kakono Hydropower Plant located in Kagera region in the northern part of Tanzania. The project also received a grant of EURO 36 million from the…
The Spanish initiative is in line with the aims of the $8.5-billion Just Energy Transition Partnership between South Africa and funding partners including France, Germany, the US, UK and the European Union. Spain is providing 2.1 billion euros ($2.3 billion) to help fund South Africa’s energy transition and water needs, even as some of the world’s richest nations struggle…
THE first Liquefied Petroleum Gas (LPG) exhibition prepared by LPG EXPO Company from Singapore, Tanzania LPG Association (TZLPGA) with collaboration with the government of Tanzania, will take place next week in Dar es Salaam. Speaking to the media on Thursday in Dar es Salaam, the Director of LPG EXPO, Catherine Ho, said that the exhibition will take place from…
South Africa’s debt-ridden state power utility is recruiting its 14th chief executive officer in a decade, but finding someone who can do the job and actually wants it will be a tall ask. Eskom Holdings SOC Ltd. supplies more than 90% of the nation’s electricity, has more than 42,000 employees and doesn’t earn enough to cover its operating costs…
Eskom Group’s chief executive Andre de Ruyter has resigned, reports News24, as the country suffers worsening loadshedding (planned power cuts). De Ruyter is vacating his position close to when he assumed his post – December 25, 2019. This is only the second time ever that the country has reached Stage 6 level of power cuts, since the energy crisis…
More than $ 2 billion have been deployed by African Development Bank Group (AfDB) and other donors this year to support green electricity startups in Nigeria and the rest of Africa. In February, AfDB approved the Leveraging Energy Access Finance Framework (LEAF), under which the Bank will commit up to $164 million to promote decentralised renewable energy in six…
THE global market for natural gas is ripe, making the next month’s signing agreement between the government and major oil investors timely and worth it. Recently, the government said it envisaged signing the key 40 billion US dollars agreement for Liquefied Natural Gas (LNG) project with Equinor ASA and Shell Plc to pave way for exports after completing the…
In SA, the money will be used to close coal-fired electricity stations and replace them with renewable energy plants and battery storage systems South Africa and Indonesia will receive a combined $1 billion from the Climate Investment Funds to replace some of their coal-fired power plants with renewable energy facilities, part of global efforts to cut planet-warming emissions. The…
– Members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) who recently paid a visit to Aliko Dangote’s multi-billion-dollar refinery disclosed that the refinery is 97 per cent near completion. The NMDPRA disclosed the news in Abuja when representatives of the Dangote Petroleum Refinery presented the work plan for the facility for 2022/2023, Daily…
Construction for the El-Dabaa Nuclear Power Plant has begun in Egypt. This is the first nuclear power plant in the country and will consist of 4 units with a generating capacity equivalent to 1200 MW per unit using generation III+ VVER-1200 reactors (pressurized water reactors). Alexey Likhachev, Rosatom Director General, and Mohamed Shaker, Egyptian Minister of Electricity and Renewable Energy gave…
Summary According to the Energy and Water Utilities Regulatory Authority (EWURA), effective Wednesday, the retail price for petrol is Tsh2,994 ($1.28) from 3,303 ($1.42) per litre, diesel Tsh3,126 ($1.34) down from Tsh3,452 ($1.48) per litre, while kerosene prices remain unchanged. Tanzania has reduced the cost of fuel effective Wednesday following the Tsh100 billion ($43 million) fuel subsidy the government…
The global energy debate is shifting from oil and gas to green energy. This debate is being discussed across different levels and comes at a time when a number of African countries including Uganda, either exploring or developing oil resources. Paul Murungi spoke to Mahaman Laouan Gaya, a petrochemical engineer and former secretary general of the African Petroleum Producers’ Organisation on…
With the country’s ambitious 6,000MW green energy generation roadmap, if successful, President Samia Suluhu Hassan will make Tanzania one of Africa’s top renewable power-generating states, after South Africa and Morocco In spite of enormous hydrocarbon potential, Tanzania is planning to plug more than 6,000 megawatts of renewable power – more than its current total power capacity – into its…
The region is slowly morphing into the new ‘Middle East’ in regard to oil and gas. But this will entirely depend on how well East Africa can diversify her economies on the back of the resources. South Sudan, Kenya and Uganda hold the region’s 10.8 billion barrels, with more barrels expected during exploration of new blocks, according to a…
Mr Ramathan Ggoobi, the Ministry of Finance permanent secretary (Left) stands next to oil drilling conductor pipes in the KingFisher oilfield during a tour of the oil facilities in the Albertine Graben recently. PHOTO/Paul Murungi By Paul Murungi What you need to know: East Africa rising. The East African region is slowly morphing into the new ‘Middle East’ in regard…
Mining for cobalt by hand in DR Congo (Photo: Amnesty International) The credibility of Europe’s approach to a green economic transition abroad will depend on its ability to help create and sustain green industrialisation in African countries, making African countries not just targets of European policy, but key actors of a new and interconnected green economy. Africa-Europe discussions on climate…
From wind farms across the African coastline to geothermal projects in the east African rift valley, a new United Nations climate report on Monday brought the continent’s vast clean energy potential into the spotlight. If realized, these renewable energy projects could blunt the harshest global warming effects, power the continent’s projected economic development and lift millions out of poverty,…
Egypt, the hosts of COP27 (United Nations Climate Change Conference), will launch an initiative to develop the energy transition in Africa at the yearly gathering. Petroleum Minister Tareq el Mulla said the initiative is being prepared in cooperation with the African Union (AU) and African energy ministers. This was announced at a ministerial discussion session held under the theme…
The Discovery of crude oil in the Middle East changed their fortunes because of continuous demand for the commodity. Life does not exist without energy. In today’s world, fossil energy/crude oil is considered one of the most prominent energy sources with a large global market. Renewable energy is catching up. But obviously not fast enough in Ghana and many…
The diverse advisory committee for Africa Oil Week underscores the international interest in Africa’s energy future Africa Oil Week (www.Africa-OilWeek.com) and Green Energy Africa Summit 2022 have announced an influential and highly experienced advisory committee to guide the events’ vision of setting an African energy agenda for Africa. The advisory committees are led by Mntu Nduvane, an experienced director…
As the sunny continent looks for power, renewables are a clear winner Africa has sunshine all year round – with 7 of the 10 sunniest countries worldwide. The region has great potential for renewable energy, but requires international support to unlock it. A funding deal announced at last year’s UN COP26 climate summit between South Africa and the United States, Britain,…
The Russia-Ukraine conflict has emphasised Europe’s reliance on Russian oil and gas and shown the volatility of the continent’s energy security. This is not the first time there have been disruptions, with tensions in 2014 between Russia and Ukraine threatening supply. Yet despite that warning, it looks like nothing has been done in the last eight years to diversify supply networks….
Hon. Dr. Matthew Opoku Prempeh, Minister of Energy for the Republic of Ghana, has confirmed his participation at African Energy Week 2022 where he will showcase investment opportunities within the country’s energy sector The African Energy Chamber (AEC) (www.EnergyChamber.org) is honored to announce the attendance and participation of Hon. Dr. Matthew Opoku Prempeh, Minister of Energy for the Republic…
Europe needs to swap its dependence on fossil energy from Russia with renewables from Africa. The European Commission’s REPowerEU plan is to reduce demand for Russian gas by two-thirds in 2022 and make Europe independent from Russian fossil fuels by 2030. In 2021 the European Union (EU) imported 155 billion cubic metres of natural gas from Russia, close to 40% of its total…
As the war in Ukraine rages on, the European Union is desperately searching for alternative energy sources. Africa has abundant reserves, but experts say the continent’s energy sector needs urgent reforms and help. EU nations have considered cutting off import of Russia’s oil and gas following President Vladimir Putin’s invasion of Ukraine, which began on February 24, 2022. To avoid self-inflicting…
Day two of the MSGBC Oil, Gas & Power 2021 Conference and Exhibition featured a panel discussion presenting effective strategies to promote local content development and capacity building in the region DAKAR, Senegal, Under the theme ‘Innovative Strategies for Socioeconomic Growth,’ day two of the MSGBC Oil, Gas & Power 2021 Conference and Exhibition, held in Dakar, Senegal, on…
The second day of the MSGBC Oil, Gas and Power 2021 Conference and Exhibition featured a panel discussion focusing on a project update on The Greater Tortue Ahmeyim LNG project, located on the maritime border offshore Senegal and Mauritania DAKAR, Senegal, Day two of the MSGBC Oil, Gas and Power 2021 Conference and Exhibition featured a panel discussion on…
The awards celebrated achievements made by companies and individuals in west Africa’s energy space DAKAR, Senegal, Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) is proud to announce the launch of an award ceremony at the first-ever MSGBC Oil, Gas & Power 2021 conference and exhibition. The ceremony – which took place on 16 December – celebrated the achievements made by…
The decision to postpone the event was made after careful consideration and as a consequence of the current COVID-19 Omicron variant JOHANNESBURG, South Africa, Nuclear Technology Imbizo will now take place on the 16th and 17th of March in the Cape Town International Convention Centre. The decision to postpone the event was made after careful consideration and as a consequence of…
Top on the agenda of the Ministerial discussions was the Future of the Oil and Gas industry in Africa in the light of the Global pursuit of Energy Transition JOHANNESBURG, South Africa, The Council of Ministers of the African Petroleum Producers’ Organization (APPO) just ended its 41st Ministerial Session with a resolve to continue the exploitation of its Member Countries’…
The participants for Nuclear Technology Imbizo 2021 will bring ideas, innovations and best practices that have made a difference in the past decade and going forward JOHANNESBURG, The Nuclear Industry Association of South Africa (NIASA) (http://NIASA.co.za/) in collaboration with South African Young Nuclear Professionals Society (SAYNPS), Women in Nuclear South Africa (WINSA) and Southern African Radiation Protection Society (SARPA)…
Sub-Saharan Africa (SSA) now constitutes the region with lowest number of people on electricity supply, subjecting women and girls to rights abuses, energy experts meeting at a Pan African Climate Justice Alliance organized meeting currently ongoing in Egypt have said. Currently, around one in two people in sub Saharan Africa, roughly 75% of the global total, have no electricity. …
Taking place on the 16th of December, the awards aim to celebrate achievements made by companies and individuals in west Africa’s energy space DAKAR, Senegal, Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) is proud to announce the launch of an award ceremony at the first-ever MSGBC Oil, Gas & Power 2021 (https://bit.ly/3dSCodc) conference and exhibition. Taking place on the evening…
Marginal field development has also allowed indigenous companies to step out from oil majors’ shadow and thrive JOHANNESBURG, South Africa, (By NJ Ayuk, Chairman, African Energy Chamber). Nigerian energy-industry leaders have been reminiscing lately about the country’s earliest efforts to develop marginal oil and gas fields. That’s because after nearly two decades, Nigeria recently stepped up its marginal-field development efforts,…
Partnership will further development of digital infrastructure and services in Africa Cassava Technologies (CassavaTechnologies.com), Africa’s first integrated tech company of continental scale, today announced that it has entered into a memorandum of understanding (MOU) with Mitsui & Co., Ltd (Mitsui), one of Japan’s largest global conglomerates. Cassava Technologies and Mitsui share a common vision of facilitating digital transformation across…
Technological advancement in energy is a guaranteed force of change in the coming years and with the global focus on addressing issues of climate change, it becomes clear that US-Africa relationships will play a major role in developing and enabling the future of African energy HOUSTON, United States of America, Day two of the US-Africa Energy Forum in Houston,…
Ministers and executives from across Africa’s energy industry emphasize that, ‘Africa is open for business’ as the future of the industry looks bright for foreign collaboration and innovation HOUSTON, United States of America, After a strong opening to the US-Africa Energy Forum, ministers and executives dove into the age-old investment proposition, ‘Why Africa and why now?’ If one thing…
The US-Africa Energy Forum just opened in Texas with opening statements focusing on the importance of fostering relationships between the United States and the African continent HOUSTON, United States of America, The US-Africa Energy Forum is off to a strong start at the C. Baldwin Hotel in downtown Houston, Texas. Jude Kearney (Chair of the US-Africa Committee, African Energy…
The agreement marks a significant step in the country’s journey to develop its hydrocarbon resources while reaffirming Chevron’s presence in the country JOHANNESBURG, South Africa, American multinational energy corporation Chevron has signed an agreement with the government of Equatorial Guinea for Block EG09 – located in the Douala Basin on the border of Cameroon. Representing a notable achievement for…
H.E. Barkindo is expected to discuss the MSGBC region’s hydrocarbon potential, various long-standing challenges DAKAR, Senegal, Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) is proud to announced that OPEC Secretary General, H.E. Mohammed Barkindo, has been confirmed as a speaker at the MSGBC Oil, Gas & Power 2021 Conference and Exhibition, taking place on 16-17 December at the Centre International…
The African Green Dialogue, led by the private sector, will promote discussions around green energy in Africa, marking a significant step in the journey towards the continent’s energy transition JOHANNESBURG, South Africa, As a platform for an inclusive discussion on Africa’s green energy sector, the African Green Initiative, which is being launched during an African Green Summit at African…
Members of the BP delegation will provide a project update on the Greater Tortue Ahmeyim (GTA) offshore natural gas field DAKAR, Senegal, Energy, Capital & Power (ECP) (www.EnergyCapitalPower.com) is pleased to announce that a delegation from lead sponsor BP – comprising Massaer Cisse, Vice President and Country Manager, Senegal; Mohamed Limam Vice President, Head of Country Mauritania; and Rebecca…
Significant differences also exist between countries in energy supply diversity and power systems which is resulting in inconsistent development across the continent JOHANNESBURG, South Africa, Africa has released the Africa Energy Futures: Horizon 2030 report. Comprised of 21 country chapters, the report is an in-depth look at where the continent stands in regards to the energy transition, as well…
Ministerial representatives from the CEMAC sub-region gathered in Congo-Brazzaville on 29-30 November to participate in the CEMAC Business Energy Forum, discussing the region’s development and inter-regional cooperation BRAZZAVILLE, Congo (Republic of the), The CEMAC Business Energy Forum, organized by Pro Meet Up and Learn and ML Consulting, which took place in Congo-Brazzaville on 29-30 November, concluded with interactive reflections…
First renewable energy project in Egypt to be energized through a 220kV Gas Insulated Substation developed by Siemens Energy CAIRO, Egypt, Erection and commissioning of 96 SG 2.6-114 wind turbines in less than 10 months; Long term maintenance provided through a 15-year service agreement; Generation of 1,000 GWh per year increasing Egypt’s installed wind energy capacity by 18%; First…
By introducing multi-sector opportunities within South Sudan, international and regional investors engaged in an inclusive panel discussion surrounding advancements in the country’s oil, gas, and power industries at African Energy Week 2021, held at the V&A Waterfront in Cape Town CAPE TOWN, South Africa– The final day of African Energy Week 2021’s conference and exhibition featured a spotlight on South…
Ambitious Action to Get World Back on Track Can Secure Better Tomorrow for All, Says Deputy Secretary-General in Virtual University Lecture Following is UN Deputy Secretary-General Amina Mohamed’s virtual lecture — “Achieving the Sustainable Development Goals and Realizing Youth Aspirations in a Disrupted World” — as prepared for delivery, to Sophia University, Tokyo, today: It is a pleasure to…
JOHANNESBURG, South Africa By NJ Ayuk, Executive Chairman of the African Energy Chamber. Make no mistake, we are going to Glasgow and will be proudly supporting the African energy sector and demand a just transition. We just got our winter jackets and gloves. Despite all signs pointing to a warming planet, Europeans are bracing for the crushing effect a…
Dar es Salaam, 19th September, 2021 Tanzania’s immense renewable energy, especially solar power, needs concerted financing, especially for the end-users, so as to increase uptake across the country, according to TAMFI. The Tanzania Association of Microfinance Institutions (TAMFI) CEO Winnie Terry noted that Tanzania has one of the greatest potentials for producing solar energy for electrification, which can help…
AOG 2021’s Women in Energy Panel Places Women at the Forefront of Africa’s Development With inclusivity and equality a key focus, the women in oil and gas seminar highlighted the current and future role of women in Africa’s energy development LUANDA, Angola, September 10, 2021/ — With the energy sector comprising one of the most unequal sectors globally, and…
Micro Finance Institutions(MFIs) asked to adopt renewable energy financing models There is a high demand for renewable energy production and consumption across Tanzania, which microfinance institutions(MFIs) can unlock, as a way of addressing energy poverty, and creating a new revenue niche. That was the general assertion by workshop participants organised by the Tanzania Association of Microfinance Institutions (TAMFI) senior-level…
The Energy Access situation Report Survey of (2016) findings shows that, 32.8 percent of all households in Tanzania Mainland are electrified with some form of electricity.Out of the electrified households, 74.9 per cent get electricity from the national grid, 24.7 per cent from solar power and 0.3 per cent of the households get electricity from private entity and individual…
Dar eS Salaam, 29th August, 2020 There is a high demand for renewable energy production and consumption across Tanzania, which microfinance institutions(MFIs) can unlock, as a way of addressing energy poverty, and creating a new revenue niche. That was the general assertion by workshop participants organised by the Tanzania Association of Microfinance Institutions (TAMFI) senior-level managers of MFIs in…
*Seeks inclusive financial ecosystem for clean energy uptake Dar es Salaam, 28th August 2020 The project is supported by C.S. Mott Foundation based in Flint Michigan, US. It seeks to develop a program to improve capacity of the microfinance institutions to extend financing to enterprises and end users of renewable energy technologies in Tanzania, by targeting microfinance institutions….
On a sector basis, the financial services sector continued to dominate the African IPO market during 2016 with 45% of total value and 55% of total volume, followed by consumer goods and industrials with a total value of 31% and 13% respectively JOHANNESBURG, South Africa, February 16, 2017/ — 2016 marked a challenging year for African equity markets in…
When we received a copy of the judgment we discovered that the judgment had no date. In law a judgment that is not dated is not a judgment at all. In other words it is invalid and it cannot be appealed against and the other side cannot execute such a judgment. STATEMENT BY DEOGRATIAS RINGIA ADVOCATE REGARDING NEWS BEING…
14th Africa Independents Forum in London, May 25th & 26th 2016 April 13, 2016/- The 14th Africa Independents Forum 2016 (Africa-IndependentsForum.com), to be held on 25-26th May in London at the Waldorf Hilton, being hosted by the Global Pacific & Partners / ITE Group Plc JV, gathers together leading independents and corporate players worldwide and from across Africa, both listed and…
WASHINGTON, November 24, 2015 – The World Bank Group today unveiled a new plan that calls for $16 billion in funding to help African people and countries adapt to climate change and build up the continent’s resilience to climate shocks. Titled Accelerating Climate-Resilient and Low-Carbon Development, the Africa Climate Business Plan will be presented at COP21, the global climate…
As Tanzania’s leaders are praised for its peaceful handling of elections, an increasing number of projects are appearing which show case a country that is maturing, growing in confidence and cooperating with the right kind of partners to help it achieve its long-termm goal of becoming a regional hub. The Powering Africa: Tanzania investment briefing will take place from…
Benin is the last stop on this two-week road show during which the co-founders unveiled their long-term objective to use solar activities to drive education by introducing connected tablet devices. COTONOU, Benin, August 6, 2015/African Press Organization (APO)/ —Akon Lighting Africa concluded its African road show last night in Benin. The three co-founders, Akon, Thione Niang and Samba…
Gulf Petrochem Group rename entity to Aspam Energy (Kenya) Ltd NAIROBI, Kenya, July 1, 2015/ — Gulf Petrochem Group today announces the official acquisition and name change of Essar Petroleum East Africa Ltd to ASPAM Energy (Kenya) Ltd. The deal will enhance the group’s integrated services and products for the downstream supply chain in the oil and gas sector…
We will now map the structural leads the survey has identified at the basin margins with the aim of identifying potential drilling locations for the next phase of operations Swala Oil & Gas S(Tanzania) Plc (DSE:SWALA) (‘Swala’ or ‘the Company’) is pleased to announce the successful completion of its 2D seismic acquisition programme (“programme”) over the Moshi Basin in…
Dar es Salaam: On 24th July, 2014, the Government of Japan and the Government of the United Republic of Tanzania signed Exchange of Notes for the Japanese Grant Projects “The Project for Reinforcement of Power Distribution in Dar es Salaam” and “The Project for improvement of Tazara Intersection”. The Government of Japan provided an additional grant of up to four…