Fuel prices are expected to increase by up to 3.12 percent per litre from next week across various pumps in the country.
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 […]
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.
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.
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.
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 […]
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 […]