Category: Oil Energy

Rethinking the Foundations of Export Diversification in Africa

Soaring food and energy prices are hitting African countries especially hard as they struggle with the impact of the COVID-19 pandemic, climate change and the war in Ukraine. To cope with current crises and insulate itself against future shocks, Africa must diversify its economies. The continent of 1.4 billion people is among the least diversified regions in the world with regard to exports. Download the full report Download the executive summary Commodities account for more than 60% of total merchandise […]

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South Africa: African Development Bank approves $57.67 million loan to Eskom to boost electricity generation from renewable sources

The Board of Directors of the African Development Bank has approved a $57.67 million loan to Eskom Holdings SOC Ltd, South Africa’s public electricity utility—and Africa’s largest— to harness battery storage technology that will increase electricity generation from reliable and efficient renewable energy sources.  The Bank’s financing, a concessional loan, will come from the Clean Technology Fund, a multi-donor trust fund under the Climate Investment Funds. The pioneering Battery Energy Storage Systems Project is being co-financed with the World Bank […]

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Mainstream Renewable Power projects to deliver 1.27 GW of new wind and solar for South Africa

  Mainstream Renewable Power-led consortium has been awarded 50% of the total allocation in the latest round of South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) The win makes Mainstream Renewable Power the leading renewable energy company in South Africa, with over 2.1 GW awarded under the REIPPPP to date The twelve projects, across onshore wind and solar, will generate enough clean energy to power a third of the annual electricity demand of the City of Cape Town […]

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Africa Oil Week is known for gathering vast numbers of African and international energy ministers

African Union Commission, AfCFTA and former heads of state from Nigeria and Malawi amongst first government leaders confirmed for Africa Oil Week 2021 Hyve Group Plc, organisers of Africa Oil Week (www.Africa-OilWeek.com) have released the first line-up of Ministers who will be attending the 2021 event due to take place in Dubai 8-11 November. The initial line-up consists of two former African Presidents, Commissioner for the African Union Commission, Secretary General for AfCFTA and Ministers from Ethiopia, Kenya, Sierra Leone, […]

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Senegal Commits to African Energy Week 2021

photo Senegal7

Confirmed attendance by the Ministry of Petroleum and Energy, Petrosen and COS-Petrogaz reaffirm regional cooperation and partnerships A strong delegation of industry leaders from Senegal have committed to the African Energy Chamber’s (AEC) (www.EnergyChamber.org) first-ever African Energy Week (AEW) 2021, to be held in Cape Town on the 9th-12th November 2021. With official attendance confirmations made by H.E. Aissatou Sophie Gladima, Minister of Petroleum and Energy, Senegal’s national oil company, Petrosen, and the strategic organizational committee COS-Petrogaz, AEW 2021 is […]

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South Sudan launches First-Ever Oil and Gas Licensing Round

Hosted by the Ministry of Petroleum (MoP) and attended by industry executives and international stakeholders, the event signifies an historic moment in the country’s budding oil and gas sector South Sudan’s Ministry of Petroleum (MoP) officially launched the country’s first-ever oil and gas licensing round in Juba on Wednesday; Hosted by the MoP and attended by industry executives and international stakeholders, the event signifies an historic moment in the country’s budding oil and gas sector; The launch precedes the country’s highly […]

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We need to treat Africa’s oil and gas industry as a brand of leadership

The African Oil Industry is at a cross roads and going into COP26, we need to have an African Agenda on energy transition and energy poverty Following Africa’s Oil Week announcement of moving their flagship Cape Town event to Dubai, H.E Mahaman Laouan Gaya, Former APPO SG and Former Petroleum Minister of Niger Republic has expressed his dissatisfactory views of the annual industry conference leaving the continent. He criticizes the “humiliating idea” of African Oil Week in Dubai and urges […]

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Hamburg’s German African Energy Forum to jumpstart Africa’s Economic Transformation

The 14th German African Energy Forum is set to provide key market insights, trends and opportunities over the next decade The African energy sector continues to solidify partnerships with German investors and technology with the aim of leading energy businesses from Germany, Europe and across the African continent. From upstream to downstream, Africa’s energy sector must accelerate its transition to net-zero, continue to adopt new technologies and start to embrace digitization and decentralization over the next decade. The 14th German […]

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