The Horn of Africa is entering a new phase of energy sector development, illustrated by the deployment of the Cagri Bey drillship at the Curad-1 well in Somalia’s offshore Block 153, approximately 370 kilometres north of Mogadishu. Technically, the project is highly demanding. Drilling is taking place in water depths of around 3,500 metres, with…
The African Export-Import Bank (Afreximbank) has secured the anchor position in the refinancing transaction amounting to $4 billion, raised through the syndication route, for Dangote Petroleum Refinery and Petrochemicals FZE, as the largest participant, contributing $2.5 billion towards the transaction. The transaction, spread over a 5-year tenure, is intended to rationalise the existing debt and…
Senior-level talks between Algeria’s Ministry of Energy and Renewable Energies and the African Petroleum Producers Organisation (APPO) have highlighted the rising commitment to strengthening cooperation on the continent in terms of both conventional and renewable forms of energy. The Algerian Minister of Energy and Renewable Energies, Mourad Adjal, received the APPO Secretary-General in a strategic…
SLB has expanded its strategic partnership with NVIDIA to develop advanced artificial intelligence infrastructure tailored to the energy industry. The collaboration aims to strengthen the ability of energy companies to transform vast volumes of operational and geological data into actionable insights. The announcement comes as SLB’s share price remains close to its 52-week high, reflecting…
North Africa is gradually cementing its role as a key partner in the developing European energy landscape, with investment in cross-border electricity infrastructure set to support the established pattern of hydrocarbon trade. The relationship between North Africa and Europe in terms of energy has, for a long time, relied on the importation of oil and…
Rising tensions in the Middle East have triggered renewed concerns over global fuel supply after attacks on oil infrastructure and the disruption of shipping through the strategically vital Strait of Hormuz, a corridor through which a significant share of the world’s oil trade flows. Yet South Africa may be less exposed to immediate supply disruptions…
Nasan Energies, founded by Miguel Hamutenya, has been cleared by the Namibian Competition Commission to purchase 53 fuel service stations in the country. The company had applied in 2025 to purchase the stations from Vivo Energy and Engen. The purchase of the stations by Nasan Energies is part of a regulatory remedy related to Vivo…
Zimbabwe has moved to shore up its strained power system by securing a long-term offtake agreement for the 30 MW Vungu Solar project, signalling a more deliberate push towards utility-scale renewables. The 25-year power purchase agreement (PPA), signed between Vungu Solar Private Limited and the Zimbabwe Electricity Transmission and Distribution Company (ZETDC), commits the national…
The African Energy Chamber (AEC) is set to lead a senior delegation to Venezuela from 22–26 February 2026, signalling a deliberate step to reposition Africa–Latin America energy relations within the broader global hydrocarbons conversation. For content professionals tracking geopolitical energy narratives, this visit is less about ceremonial diplomacy and more about strategic alignment. It reflects…
Starsight Energy Africa Group, a leading clean energy company providing commercial and industrial (C&I) clean energy solutions across Sub-Saharan Africa, announced that it has secured USD 15 million in mezzanine funding from British International Investment (BII), the UK’s development finance institution. This will help Starsight expand its renewable energy business in West Africa, with a…
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