Africa creates $5 billion energy bank as Western financing retreat forces continent to rethink how it funds oil and gas
According to a statement from Afreximbank, the bank was established against the backdrop of Africa’s estimated $200 billion annual energy investment needs, with oil and gas remaining central to the continent’s energy systems despite the global shift towards cleaner energy
Energy costs, storage value and industrial competitiveness led Day 2 of C&I Energy + Storage Summit
How can South African businesses turn energy investment into lower operating costs, stronger resilience and long-term competitiveness? This question drove the second day of VUKA Group’s (https://WeAreVUKA.com/) C&I Energy + Storage Summit in Johannesburg, with discussions examining the commercial value of storage, industrial energy strategies and the infrastructure needed to support Africa’s growing digital economy
Africa Energy Bank Officially Launches with $5 Billion Capital in Abuja
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Africa Energy Bank Takes Off With Helmy Ghazi As Pioneer President
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British energy giant Shell moves to exit Nigeria’s domestic gas distribution business after more than 25 years, selling network serving over 130 businesses
The agreement covers Shell Petroleum B.V.’s entire interest inShell Nigeria Gas Group, whose pipeline network supplies industrial and commercial customers
Why Investors Are Looking to South Africa’s Energy Sectors | Brand South Africa
South Africa is strengthening its position as a strategic investment destination for critical minerals and energy infrastructure, calling for deeper international partnerships that will unlock the country’s mineral wealth, accelerate industrialisation and support the global transition to cleaner energy.This was the central message at the Critical Minerals and Energy Infrastructure Roundtable, which took place in…
Elumelu Seeks to Boost Energy Investments with $15bn West Africa Pipeline
Nigerian businessman, Mr Tony Elumelu, is seeking to boost his investments in the energy sector through a proposed $15 billion infrastructure pipeline for West Africa
Africa: How Reliable Energy Can Turn a Woman’s Harvest Into a Thriving Business
At dawn in Enugu State, a crate of tomatoes begins a race against the heat. For the woman who grew them, the harvest should mean income: school fees, wages and seed for the next planting season. But without reliable cold storage, she faces a difficult choice. Sell quickly, often at the price offered, or wait…
Germany seeks energy and trading partners in Africa
https://p.dw.com/p/5HdFp German Foreign Minister Johann Wadephul met with Nigerian influencers Nas Boi (left) and Ozinna Amunudu (right)Image: Soeren Stache/dpa/picture alliance
Global energy giant Mercuria enters African power market with $250 million Zambia bet
Mercuria and Africa-focused energy investor Exergy have signed a $250 million financing agreement that will support electricity generation and transmission projects across Southern and Eastern Africa