Africa’s Energy Transition Must Be Locally Led
Africa’s energy transition must be designed in Africa, for Africa, balancing three urgent imperatives: expanding energy access, driving industrial growth, and prioritising energy security for the continent. That means shaping policies, financing mechanisms, and partnerships that work for Africa rather than copying models that do...
Africa’s $100B investments boom as oil projects open in Nigeria, Angola and Uganda
Africa is set to add 1.2 million barrels per day of new refining capacity by 2030 – driven by landmark projects across Nigeria, Angola and Uganda. These investments will pave the way for a $100 billion investment window, offering a new phase of growth in...
U.S. Senator Ted Cruz driving strategic American energy influence in Africa
Senator Cruz’s participation at African Energy Week: Invest in African Energies is expected to firm up U.S.-Africa energy ties. Known for his push for energy independence and market-driven growth, Senator Cruz’s message is expected to center on expanding private-sector investment. Texas lawmaker also set to...
Afreximbank leads $4 billion Dangote Refinery refinance plan
Afreximbank has signed a $1.35 billion loan financing for Dangote Industries Limited (DIL) as part of a larger $4 billion syndicated credit plan. Syndication of one of the largest loans in recent African financial markets that aims refinance construction of the Dangote Petroleum Refinery and...
EACOP: East Africa’s pipeline to prosperity over 60% complete
EACOP project, which aims at transporting crude from Uganda to Tanzania’s coast, is now over 65 percent complete. Tanzania projects increased revenue once the $5 billion EACOP investment is operational. Construction of the pipeline started in 2023 and is set to end in 2027. The...
Iran’s strait of Hormuz gambit: Africa’s oil lifeline under siege
Closure of the strait of Hormuz would be severe for Africa, whose economies heavily rely on imported refined petroleum products, mostly shipped from or through the Gulf. Oil prices increased on Monday to their highest since January as the U.S. weekend move to join Israel...
Angola opens energy frontier to U.S. investors in renewables and minerals
US investors are now eyeing new frontiers—ranging from gas monetization and mineral development to solar and green hydrogen investments in Angola. Luanda has unveiled over $60 billion in oil and gas investment prospects through its National Oil, Gas and Biofuels Agency. These investments span exploration,...
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