Monday, July 6, 2020
* Privately-held New Age (African Global Energy) said on Thursday its appraisal well to determine the extent of the Etinde field offshore Cameroon was successful. * Partners in the field comprise Bowleven and Lukoil . * “The recently completed second well,...
Burkina Faso is now home to West Africa’s biggest solar farm, a 33-megawatt plant located in the town of Zatubi, outside the capital Ouagadougou. Built at a cost of $56.7 million, the 55-hectare (approximately 135-acre) farm is expected to power...
The African Development Bank disbursed more than €71 million for the construction of a 714 km high voltage power line. The infrastructure which will link N’Zérékoré (Guinea) and Sanankoroba (Mali), will enable the electrification of 201 villages and provide a...
The Nigerian government is planning to generate 3,000MW of electricity by the year 2020. The plan includes 10, 000 mini-grids which will energize under served off-grid communities across the country. The Managing Director, Rural Electrification Agency (REA), Mrs Damilola Ogunbiyi...
The renewable energy sectors of Ivory Coast and Morocco have both received a boost to further develop their planned projects. The African Development Bank (AfDB) has approved $324 million in loans to support renewable energy projects in these two countries,...
WASHINGTON, April 26, 2018 — The World Bank today approved a $180 million International Development Association (IDA)* Guarantee to mobilize private sector financing to strengthen the financial position of Kenya Electricity Generation Company Limited (KenGen) and build energy security for...
The head of Libya’s National Oil Corporation, Mustafa Sanalla has said oil smuggling is costing Libya around $770 million annually. He said this while speaking at the first ever oil and theft conference in Geneva, Switzerland. He says at least 30 percent...
Join Top African Business Leaders Online for Four-Part Webinar Series Johannesburg, South Africa, April 12, 2020 - / As COVID-19 takes hold of African economies, African business leaders are challenged with new risks and uncertainty. Africa.com has partnered with faculty...
The African Sovereign Wealth and Pension Fund Leaders Forum has today issued a Call to Action to build resilient African economies. Noting the potential for devastating economic impacts on the African continent by the novel coronavirus (COVID-19) pandemic The Forum, comprised...
Algeria’s state-run oil company Sonatrach signed an agreement, Monday, with the Libyan National Oil Corporation (NOC) to run a number of crude oil fields located on the borders between the two countries. The agreement included updating a study that was...
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