MENA-focused oil and gas exploration company SDX Energy uncovers promising gas reservoir following its strategic shift towards Moroccan expansion.
Green energy in Africa will receive a significant boost as the UAE is set to fuel Africa’s potential with a USD 4.5 billion finance initiative.
Gulf oil deal – Kenya outlines hedging strategies and collaborative partnerships to mitigate currency risk as the shilling slides against the US dollar.
Tanzania’s LNG venture gains interest as African nations secure stakes in the project, with Uganda already signing an MoU.
The Just Energy Transition Partnership investment plan will be presented at COP27. The partners have pledged USD 8.5 billion to support South Africa’s energy transition.
ACWA Power signs deal worth up to USD 1.5 billion that will provide power to over 1 million households in partnership with Hassan Allam Holding.
According to a report by Apicorp, energy investments over the next five years are set to grow by 9% to each USD 879 billion as exporters boost spending on the back of higher oil revenues.
Masdar, Abu Dhabi’s sovereign investment company’s green energy producer, and Egypt’s Infinity Energy are set to buy a majority stake in South Africa’s Lekela Power. The deal would involve buying private equity firm Actis’ stake, in a deal valued near USD 1 billion.
The African Development Bank’s (AfDB) 2022 Annual Meetings to be held in Accra from 23-27 May target climate resilience and a just energy transition for the continent.