The African Export-Import Bank (Afreximbank) has entered into a framework agreement for the Export Agriculture for Food Security (ExAFS) Initiative with ARISE Integrated Industrial Platforms (ARISE IIP) and the governments…
South Africa’s state-owned power utility Eskom has launched the Hex Battery Energy Storage System (BESS) project. The development represents the largest of its kind in Africa. Located in Worcester in…
Integrated energy solutions provider Oando PLC has signed an $800 million loan document with pan-African financial institution the African Export-Import Bank (Afreximbank) to facilitate the acquisition of 100% of the…
Senegal’s national electricity company Senelec has entered into a 20-year capacity change agreement with Infinity Power, a joint venture between Egypt’s Infinity and the UAE’s Masdar, to establish a battery…
In the race to net zero, companies across various industries that are making progress in emissions reductions could yield more than $100 million in annual financial benefits, according to a…
Oil and gas exploration company, 88 Energy, has signed a farm-in agreement with Monitor Oil and Gas Exploration – a subsidiary of U.K. private exploration company, Monitor Exploration – to…
Global organization the International Monetary Fund (IMF) forecasts a 3% growth for Angola’s economy in 2024. In a report titled, ‘Regional Economic Outlook on Sub-Saharan Africa: A Light on the…
Geodata company Fugro has completed environmental and geophysical surveys in Namibia’s ultra-deep water under its contract with Portuguese energy company Galp. Fieldwork was officially completed at the beginning of this…
Dr Matthew Opoku Prempeh, Energy Minister, says, government is intensifying efforts to make Ghana’s electricity access rate reach 90 per cent by 2024 from the current 88.85 per cent. That,…
Independent energy company Afentra has received approval from Angola for the acquisition of stakes in Block 3/05 and Block 23 from the country’s National Oil Company Sonangol. Under the agreement,…