Business

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, …