With vast, untapped renewable resources, East Asia can accelerate its clean energy transition—boosting competitiveness, creating millions of jobs, and strengthening energy security. A new World Bank report charts how.
Category: Energy
Vague Oman Talks Set Oil Up for Whiplash
The start of US-Iran nuclear talks in Oman has had a placating effect on oil markets, with ICE Brent sliding back to $67 per barrel, set for a more than 5% weekly loss after a stellar string of gains in January.
From Stalled Talks to Breakthroughs: Yoyo-Yolanda Signals New Chapter for the Gulf of Guinea
South Africa//-Cameroon and Equatorial Guinea have signed a unitization agreement to jointly develop the cross-border Yoyo-Yolanda gas fields, marking a decisive step toward accelerating long-delayed gas monetisation in the Gulf of Guinea.
Oando Reports Profit-After-Tax Up 10% to ₦241.3 billion as Upstream Production Rises 32% in FY 2025
Lagos, Nigeria// — Oando PLC (www.OandoPLC.com), Africa’s leading indigenous energy solutions provider, has published its unaudited results for the full year ended 31 December 2025.
Africa Finance Corporation Acts as Financial Adviser on Landmark Nigeria’s Presidential Power Sector Financial Reforms Programme
Lagos, Nigeria// — Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has announced its role as Co-Financial Adviser on the successful issuance of the inaugural tranche of bonds under the Federal Government of Nigeria’s Presidential Power Sector Financial Reforms Programme (“PPSFRP” or the “Programme”).
Trump’s Whiplash Iran Rhetoric Keeps Oil Bulls in Control
Trump’s erratic rhetoric has been greatly supportive of oil prices this week, first promising ‘speed and violence’ to Iran, only to talk about dialogue the next day.
AfDB Approves New Program to Help African Countries Turn Energy Promises into Power for Millions
Ivory Coast// — The Board of Directors of the African Development Bank (AfDB) (www.AfDB.org) has approved a new USD 3.9 million, two-year technical assistance project to support African countries in the implementation of their National Energy Compacts into action under Mission 300, the AfDB–World Bank initiative to connect 300 million Africans to electricity by 2030.
Afreximbank Bolsters Angola’s Energy Sector with a $1.75-billion Facility for Sonangol
Cairo, Egypt// — African Export-Import Bank (Afreximbank) (www.Afreximbank.com), working with other mandated lead arrangers, has successfully closed a US$1.75 billion syndicated receivables purchase facility for Sonangol, Angola’s national oil company.
Angola Oil & Gas Launches in Luanda as $70B Investment Momentum Accelerates
Luanda, Angola// — The Angola Oil & Gas Conference & Exhibition (AOG) – organised by Energy Capital & Power –was officially launched in Luanda on Tuesday, marking the start of the countdown to the country’s premier oil and gas event.
How Data Centres Are Reshaping Africa’s Power Market
Cape Town, South Africa// — The global digital economy is driving an unprecedented surge in electricity demand from data centres and IT infrastructure. Worldwide, uninterruptible power supply demand for IT equipment alone is forecast to reach 249 GW by 2030, with total installed capacity, including cooling and ancillary loads, expected to climb to 374 GW.