Our Correspondent | Africa Guardian World Bank and AfDB Unveil $40bn Power Financing Plan for Africa The World Bank and African Development Bank (AfDB) have announced a $40 billion financing initiative under the Mission 300 program, designed to expand electricity access to 300 million Africans by 2030. Bridging Africa’s Energy Gap As of 2019, electricity access in sub-Saharan Africa…
Our Correspondent | Africa Guardian In 2018, B2Gold made waves at the Otjikoto mine in Namibia by installing a 6MW solar power facility, a first for many African mining operations. This solar installation, which includes a battery energy storage system (BESS), now accounts for roughly 13% of the mine’s electricity needs, according to the company. Ken Jones, B2Gold’s Director…
Africa Accounts for 3% of Global Bitcoin Mining Hashrate Through Renewable Energy Edson Baraukwa | Africa Guardian As of December 2024, Africa now contributes 3% of the global Bitcoin mining hashrate, with Ethiopia alone producing 2.5%, a significant leap from the previous year. This growth is powered entirely by renewable energy, highlighting the continent’s increasing role in the global…
Our Correspondent | Africa Guardian The Nigerian National Petroleum Company Limited (NNPC) is working to secure a $2 billion loan aimed at stabilizing its finances and investing in new oil infrastructure to increase crude oil production, according to reports by Africa Intelligence. The loan, named Project Leopard, is expected to be finalized soon, with the first $1 billion tranche…
Charles Muchoki | Africa Guardian Mike Sangster, Senior Vice President for Africa at TotalEnergies E&P, has been confirmed as a keynote speaker at the inaugural Congo Energy & Investment Forum (CEIF), scheduled for March 25-26, 2025, in Brazzaville. Representing one of the world’s leading energy companies, Sangster will discuss TotalEnergies’ commitment to sustainable energy growth in the Republic of…
Our Correspondent | Africa Guardian The Africa Energy Bank (AEB), set to begin operations by March 2025, marks a major milestone in Africa’s journey toward energy self-sufficiency. Launched by the African Export-Import Bank (Afreximbank) in partnership with the African Petroleum Producers’ Organization (APPO), the AEB is poised to empower African nations to take control of their energy future. The…
Independent Operators Drive Efforts to Extend Lifespan of Africa’s Mature Oil Fields Our Correspondent | Africa Guardian Independent operators are leading the charge to extend production in Africa’s mature oil markets, including Gabon, Equatorial Guinea, and Angola, through innovative technologies and targeted exploration. These initiatives were highlighted during the Upstream E&P Forum at African Energy Week: Invest in African…