Fuel prices are expected to increase by up to 3.12 percent per litre from next week across various pumps in the country.
Category: Energy
Heirs Holdings Significantly Expands Oil and Gas Portfolio, Acquires 45% of OML 17 from Shell, Total and ENI
Lagos, Nigeria – Heirs Holdings (HH), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings […]
Senegal Already Produces Gas: Investors Should Look Onshore
Dakar, Senegal — Senegal is the hotspot for energy investment in West Africa right now, owing to a string of huge offshore hydrocarbons discoveries since 2014 (as well as its compelling renewables potential).
Mozambique’s Civilians Defenceless as Armed Forces Defend Total’s Gas Project
French oil major Total this month begun to remove some staff from the site of its planned Mozambique liquefied natural gas (LNG) project on the Afungi Peninsula after Islamist insurgent attacks came close to the site.
Mozambique: How Total Plans to Protect its $15Bn Major Gas Project
Despite the armed insurgency that has been plaguing Mozambique since 2017, Total intends to continue its major gas project there. It trusts the authorities to ensure its safety, in return for a solid financial contribution.
Siemens Gamesa Seals its First Wind Farm Project in Ethiopia
Adama, Ethiopia/ — Siemens Gamesa (www.SiemensGamesa.com) has signed its first wind power project in Ethiopia with state-owned electricity company Ethiopian Electric Power (EEP), strengthening its leadership in Africa as the country begins to expand its green energy capacity to meet ambitious renewable targets.
Grid Or Solar: Looking for the Best Energy Solution for the Rural Poor
What kind of electricity makes sense in rural Africa to make the most of available budgets? GettyImages Jörg Peters, Leibniz Institute for Economic Research and Maximiliane Sievert, Leibniz Institute for Economic Research South Asia has made tremendous progress in connecting rural areas to the electricity grid but the number of people in Africa without access […]
South Africa’s Electricity Supply: What’s Tripping the Switch
Electricity customers should brace themselves for steeper increases. shutterstock Rod Crompton, University of the Witwatersrand Eskom, South Africa’s state-owned power utility, has a litany of financial and operational problems. In 2017 the Goldman Sachs Group declared it the biggest risk to the South African economy. Several cabinet members have said so too. President Cyril Ramaphosa […]
LEAKING MONEY: Zambia’s Rusting Refinery and Patchy Electricity is Fueling its Debt
In November, Zambia became Africa’s first pandemic-era debt defaulter after it failed to service a $40m bond payment. Creditors rejected its pleas for a six-month grace period. For keen observers of Zambian affairs, this should hardly be a surprise.
Kenya: Oil Marketing Firms Seek Penalties Waiver Extension
The Kenya Pipeline Company (KPC) is embroiled in a silent war with oil marketing companies (OMCs), who are demanding an extension on waivers of penalties accorded to petroleum products storage.