The AEB has been structured as an independent and supranational pan-African energy development bank with an initial USD 5 Billion capital The African Export-Import Bank (Afreximbank) and the Africa Petroleum Producers’ Organisation (APPO) have announced the historic signing of…
NDDC Calls on Debts: Over $700m owed by IOCs
The Niger Delta Development Commission (NDDC) have urged International Oil Companies (IOCs) to pay the staggering debt of 700 million dollars that they owe the commission. The Managing Director of the commission, Dr Samuel Ogbuku made the appeal during a…
Energy Investments are Propelling an African Natural Gas Revolution in Angola
By NJ Ayuk Africa is witnessing a natural gas drive in Angola that is set to revolutionize the continents natural gas industry. From exploration to production to exports, the Angolan oil and natural gas industry is bustling with new…
Harnessing GIS and Emerging Spatial Technologies for Carbon Credit Development in Africa
By Christopher Burke Africa holds immense potential to contribute to global efforts mitigating carbon emissions based on the continent’s vast natural resources, biodiversity and rapidly growing economies. Unlocking this potential requires innovative approaches that leverage cutting-edge technologies such as…
Kenyan Farmers Get Fertilizer Boost with $2 million Africa Fertilizer Financing Mechanism Credit Guarantee
The Mechanism will provide a $2 million partial trade credit guarantee and a grant of $219,000 to Apollo Agriculture Limited, a Kenyan corporation, to facilitate the company’s fertilizer sales. In a significant step to advance food security in Kenya, the…
Afreximbank and FCI’s regional factoring conference in Zimbabwe attracts over 200 participants
Co-organised in collaboration with FCI, the global body for factoring, the conference provided a platform for in-depth discussions and strategic initiatives to promote and enhance factoring within the Southern Africa region In its ongoing commitment to establish factoring as…
Africa Teems with Clean Energy Prospects, Ahead of Invest in African Energy (IAE) Forum
European energy companies are invited to attend Energy Capital & Power’s Invest in African Energy forum in Paris, which will showcase Africa’s latest developments in LNG, renewables, green hydrogen and carbon capture European partners have been vocal about plans…
PETAN deepens collaboration with NUPRC; pledges to boost Nigeria’s oil production
The Petroleum Technology Association of Nigeria (PETAN) has assured the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and all stakeholders in the oil and gas sector that its members with decades of experience in the industry, have all the equipment required…
NNPC Ltd, First E&P Achieve 20,000bpd Production at OML 85
The Nigerian National Petroleum Company Limited (NNPC Ltd) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the asset also known as Madu Field. Production from the…
Major Global Utilities Announce Joint Intent to Scale Renewable Capacity by 2.5 times to 2030
Utilities for Net Zero Alliance members announce action plan at IRENA Assembly, focused on increasing speed of grid investment and development Today, the Utilities for Net Zero Alliance (UNEZA) adopted the UNEZA Roadmap to 2030, which targets a total…
