Zambia is advancing an innovative financing mechanism that could reshape how African governments address sovereign debt burdens while funding critical energy infrastructure. By combining debt management with targeted investment in power networks, the country is testing a model that may offer a new pathway for fiscally constrained economies seeking to modernise their electricity systems. At…
The European Union is strengthening its push for clean energy imports by investing in renewable energy projects across North Africa and the Middle East, aiming to enhance energy security while supporting its long-term decarbonisation goals. This week, the European Commission announced a $5.8 billion funding package for renewable energy infrastructure in the region. Brussels expects…
Italian energy company Eni has entered The Gambia’s upstream oil and gas sector after securing an offshore exploration licence for Block A1, marking the company’s first investment in the country’s petroleum industry. The agreement, signed on 5 June with the Gambian government, grants Eni exploration, development and production rights over a deepwater block covering approximately…
The European Union has launched a major investment roadshow in South Africa aimed at accelerating funding for energy, infrastructure and industrial projects as both partners seek to turn strategic commitments into tangible investments. The week-long initiative, taking place in Johannesburg, Cape Town and Durban, has brought together more than 350 investors, financial institutions, companies and…
More than 200 students, industry professionals, policymakers and development stakeholders gathered in Arusha on 30 May for the fourth Youth in the Energy Sector Students’ Conference, an event focused on strengthening youth participation in Tanzania’s growing energy industry. Organised by EACOP and TotalEnergies in partnership with Ubuntu Impact Limited, the conference was held under the…
Oman’s OQ Exploration and Production (OQEP) has entered into a strategic cooperation agreement with the Libyan Investment Authority (LIA), signalling a growing appetite for cross-border investment in the oil and gas sector across the Middle East and North Africa. The two organisations have signed a memorandum of understanding (MoU) aimed at identifying and developing joint…
Australian-based organisation, Invictus Energy, has signed a Petroleum Production Sharing Agreement (PSA) with the Government of Zimbabwe, marking a major step forward for the commercial development of the Cabora Bassa Basin and the country’s emerging upstream hydrocarbons sector. The agreement, announced on Thursday, was executed through Geo Associates, Invictus Energy’s Zimbabwean subsidiary, which holds an…
Holtec International and the Rwanda Atomic Energy Board (RAEB) have signed a development agreement to explore the deployment of SMR-300 small modular reactors in Rwanda, signalling a step forward in Kigali’s ambition to establish nuclear power capacity. Announced during the Nuclear Energy Innovation Summit for Africa in Kigali, the framework outlines potential collaboration on SMR-300…
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…
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,…
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