Savannah Energy Acquires Sinopec Share in Nigeria

Savannah Energy Plc, a British energy company, has signed separate Share Purchase Agreements with Sinopec International…

PETROAN Urges FG to Establish Energy Bank for Downstream Oil Funding

Oil marketers under the aegis of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN)…

TDF Grants MPower $2m Loan to Enhance Solar Energy in Zambia

The Trade and Development Fund (TDF) under the Eastern and Southern African Trade and Development Bank…

Pele Green Energy Considers More Funding for PPA in SA

Pele Green Energy (PGE) is considering additional funding options beyond the pioneering R2.5 billion Sithala facility…

Nigeria Accounts for 60% of $30bn Funding from Afreximbank

Nigeria, one of the primary beneficiaries of the African Export-Import Bank (Afreximbank), accounts for 60 per…

NNPC to End Energy Scarcity in 10 Years

Nigerian National Petroleum Company Limited (NNPC) Limited has promised to resolve energy scarcity in Nigeria within…

World Bank to Power 200,000 MSMEs in Nigeria by 2030

The World Bank has revealed plans to power over 200,000 micro, small, and medium-sized enterprises (MSMEs)…

Abu Dhabi Commercial Bank, Schneider Collaborate to Finance Green Projects in Egypt

Abu Dhabi Commercial Bank Egypt and Schneider Electric, an energy management and automation firm, have partnered…

Despite Electricity, Forex Challenges, Africa Records 40% of Investments in Greenfield MegaProjects in 2022 – AfDB

In its January 2024 report on Africa’s economic performance and macroeconomic outlook, released February 16, 2024,…

AfDB, Trade and Development Bank to Finance $15m Clean Technologies in Africa

The African Development Bank (AfDB) Group has announced a follow-up equity investment of $15 million in…