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in Short

Energy:Africa needs $40bn annual grid investments for stable electricity

The Sahara Power Group Managing Director, Kola Adesina, says in a press release African countries will require an average of $40billion power grid investments annually for five years to deliver stable electricity to citizens on the continent. Annual investment in electricity grids should more than triple in the 2026-30 period, compared...
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France-Algeria: rapprochement that smells of gas

The page of misunderstandings between Algeria and France seems to have been turned. French President Emmanuel Macron’s recent trip to Algeria marks a new beginning in the relations between the two countries. The fog lifted, giving way to a recovery and a warming of relations between the two countries. By...
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Will Egypt be the locomotive of the African economy?

There is a necessity and utmost importance to enhance cooperation between Egypt and its brothers in the African continent in all fields, especially economy and development. This is to complete its active role in its regional environment, achieve African integration, revitalize trade between the countries of the brown continent, and...
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Lessons Learned from Senegal’s 2020 Licensing Round

Beginning in 2014, a series of explorations along the coast revealed an untapped supply of petroleum resources likely vast enough to attract the attention of international energy companies. By NJ Ayuk* In January 2019, Senegal made reasonable adjustments to its Petroleum Code to reflect the renewed optimism surrounding the country’s...
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An Africa-G7 energy food and security grand bargain 

Europe, the US, and Africa are all reeling from the prolonged Russia/Ukraine crisis. They need to forge a new grand bargain that holds out the promise of shared energy security, food security, job creation and long-term green growth and prosperity, argues Vera Songwe. By Vera Songwe This grand bargain offers a three-pronged deal...
in Short

Energy: Afreximbank, African Petroleum Producers Organization (APPO) Sign MoU for the Creation of a Multi-Billion-Dollar Energy Bank

Pan-African multilateral trade finance institution, the African Export-Import Bank (Afreximbank), has signed a Memorandum of Understanding (MoU) with the African Petroleum Producers Organization (APPO) for the creation of a multi-billion-dollar energy bank. Aimed at scaling up private sector investment in African oil and gas projects, the bank will provide critical...
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South Africa: $14 billion to fund green hydrogen plan

South Africa is seeking to raise $14 billion to fund its green hydrogen plan, the head of the government's climate finance team, Daniel Mminele, announced on May 13.According to him, the rainbow nation is already negotiating an $8.5 billion financing offer with wealthy states as part of the plan....
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