Nigerian investor and banking executive Tony Elumelu is poised to deepen his influence within the country’s upstream energy sector following a landmark acquisition that has reshaped the shareholder structure of Seplat Energy. Shareholders of the dual-listed energy producer are expected to vote on Elumelu’s appointment as a Non-Executive Director during the company’s 13th Annual General…
UK-listed Block Energy is positioning itself for entry into Gabon’s offshore upstream sector after signing a conditional agreement with Pilgrim Exploration Limited covering two offshore production sharing contracts (PSCs). The transaction relates to the Ndjila (G4-269) and Mpari (G4-270) offshore blocks, situated in Gabonese waters and spanning a combined area of roughly 5,331 square kilometres….
The African Energy Chamber has named Aliko Dangote its African Energy Person of the Year 2026, recognising the businessman’s growing influence on Africa’s industrial and energy sectors through large-scale investments in refining, manufacturing and infrastructure. The award highlights Dangote’s role in advancing energy security and industrialisation across the continent, particularly through projects that reduce Africa’s…
BP is considering the partial sale of its gas assets in Egypt as part of a wider portfolio optimisation strategy, according to sources cited by Reuters on 15 May. No final decision has been taken, and the company has not disclosed which assets may be involved, nor potential buyers or valuations.The review forms part of…
The International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group, is deepening its commitment to Africa’s decentralised energy market through a $40 million convertible loan agreement with EDF Power Solutions to accelerate the rollout of off-grid solar systems across the continent. The financing package, announced by IFC Vice President for Africa…
Abu Dhabi is on course to more than double its solar generation capacity within the next decade, with Emirates Water and Electricity Company (EWEC) targeting over 30 gigawatts (GW) of installed solar by 2035 as part of a rapid system-wide decarbonisation drive. The utility-scale expansion marks one of the most aggressive solar build-outs globally, with…
Kenya Airways and Rubis Energy Kenya have moved to position East Africa at the forefront of sustainable aviation fuel (SAF) production following the signing of an agreement to develop Africa’s first dedicated SAF refinery near Nairobi’s Jomo Kenyatta International Airport. The proposed facility, expected to require an investment of between $69.8 million and $80 million,…
The African bioenergy industry will move into sharper focus this June as the inaugural event opens in Johannesburg, bringing together investors, policymakers, project developers and technology providers seeking to accelerate deployment across the continent. Scheduled for 17–18 June 2026 in Johannesburg, the event is expected to position Southern Africa as a growing hub for bioenergy…
The International Finance Corporation (IFC) has committed $40 million in convertible financing to EDF Power Solutions, reinforcing a growing push to accelerate distributed solar deployment across Africa’s underserved power markets. Structured alongside private capital participation, the transaction is designed to scale pay-as-you-go (PAYGo) solar platforms targeting households and small enterprises in regions where grid expansion…
President Cyril Ramaphosa has sought to reassure global investors that South Africa’s long-running electricity crisis is easing, as the government accelerates reforms aimed at rebuilding the country’s energy and infrastructure sectors. Speaking at the South Africa Infrastructure Investment Summit hosted by BlackRock and Global Infrastructure Partners, Ramaphosa positioned infrastructure as the foundation of South Africa’s…
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