Nigeria Offers Deepwater-Oil Tax Breaks to Lure $50 Billion
(Bloomberg) — Nigeria announced sweeping tax incentives to attract as much as $50 billion of investment in deepwater-oil…
Morocco Courts US Exim Bank, World Bank for $26 Billion Pipeline
(Bloomberg) — Morocco is courting the Export-Import Bank of the United States and the World Bank to help…
Biggest Africa Solar Mini-Grid Firm Plans $650 Million Expansion
(Bloomberg) — WeLight, which operates more solar mini-grids in Africa than any other company, is planning a $650…
Century-Old Utility Confronts South Africa’s Private-Power Boom
(Bloomberg) — Years of unreliable and costly electricity supply have transformed South Africa’s power landscape as companies take matters into…
Egypt clears all arrears for foreign oil and gas companies
His Excellency Eng. Karim Badawi, Minister of Petroleum and Mineral Resources of Egypt, announced that the country has…
Top Africa Ports Miss Refuel Gain Even as Iran War Diverts Ships
(Bloomberg) — African ports are capturing only a fraction of shipping rerouted around the continent’s southern tip after…
South Africa’s Economic Hub ‘Trapped’ in Stagnation, Report Says
(Bloomberg) — Gauteng, the South African province that’s home to Johannesburg and the capital Pretoria, is struggling to…
How to Fix the Failing Climate Finance System in Africa
The effects of climate change are no longer a future risk for Africa. They are a present crisis.…
World Bank Says $50 Billion Committed to African Electrification
(Bloomberg) — More than $50 billion has been committed to an ambitious plan to halve the number of…
Africa: a central player in the global energy transition
Africa’s rich mineral resources, such as cobalt, lithium, copper and Platinum Group Metals (PGMs), are crucial for the…
Mubadala Energy acquires 15% of Egypt’s Nargis Concession from Eni
Abu Dhabi-based Mubadala Energy has completed the acquisition of a 15% participating interest in Egypt’s Nargis Offshore Area…
UK Extends $1 Billion Climate-Pact Guarantee to South Africa
(Bloomberg) — The UK and the African Development Bank extended a climate-linked $1 billion debt guarantee to South…