Trending
- How Aliko Dangote’s $1 billion deal seeks to unlock Zimbabwe’s economic potential
- Tanzania’s Amsons Group grows footprint in East Africa’s cement industry
- Rwanda and Tanzania to pilot EAC’s low-cost, cross-border money transfer system
- Broken Promises by Wealthy Nations: Africa Needs to Finance its Energy Addition then Transition
- Africa’s bluetech financing: How investor education and tailored investments could unlock capital
- How Agtech, AI, and Fintech can transform Africa’s food systems
- Safaricom posts 52.1% jump in half-year net earnings to $331M, Ethiopia loss narrows
- African mergers and acquisitions set to rise in 2026 as licensing rounds open new opportunities
Energy
- The Uganda National Oil Company (UNOC) is directly importing petroleum products from Vitol Bahrain, aiming to reduce reliance on Kenyan firms and mitigate high fuel prices.
- UNOC’s direct importation and sale of fuel to OMCs in Tanzania and Uganda is a significant step towards fostering stronger regional ties, promoting economic growth, and ensuring energy security.
Uganda National Oil Company (UNOC) has started the sale of petroleum products to oil marketing companies in both Uganda and Tanzania.
This is part of a broader strategy to test the waters before UNOC embarks on a direct importation agreement with the global oil titan, Vitol Bahrain. This maneuver signals a new era in East Africa’s energy dynamics, especially following a cooling of relations between Uganda and Kenya over fuel supply mechanisms.
Breaking New Ground: Uganda National Oil Company Direct Importation Deal
For years, Uganda’s fuel supply chain was heavily dependent on Kenyan OMCs. However, …
- The joint development of the Green Giant Project will expedite the construction of the first 200MW phase of the investment.
- Mini-grids account for more than half of all new connections in DRC.
- The agreement represents a significant milestone in the collaborative efforts between SkyPower, AFC, and the DRC.
The Democratic Republic of Congo (DRC), Africa Finance Corporation (AFC) and SkyPower Global have entered into a joint development agreement for the first phase of SkyPower’s Green Giant project in the mineral-rich country.
The move is meant to promote the use of renewable energy in the Eastern African state. This 200MW Phase one is a crucial step towards achieving the landmark 1,000MW Solar Power Purchase Agreement (PPA) signed between SkyPower and the DRC’s state-owned utility, Société Nationale d’Electricité (SNEL).
The partnership brings together SkyPower’s extensive experience in developing large-scale solar projects and AFC’s successful track record of de-risking and funding well-structured power …
- Uganda signed a deal with China under which the China National Nuclear Corporation(CNNC) would assist its endeavours to tap into one of the few Nuclear energy sources in Africa.
- The first nuclear project, Buyende Nuclear Power Plant, will be located in Buyende, approximately 150 km(93 miles) north of Kampala.
- Uganda has an estimated 52000 square kilometres of uranium deposits around Buganda, Toro, Ankle and Bunyoro.
Africa takes the next step in its evolution as Uganda announced its plans to generate at least 1000 MegaWatts(MW) from its nuclear power plant by 2031. This lines up with its efforts to identify alternative energy solutions that guarantee faster and more efficient electricity production. Uganda will become one of the few countries to produce nuclear energy in Africa, further boosting its economic growth exponentially.
Uganda first discovered its uranium deposits in 2004, and since then, nuclear power became a valid option for the country. …
Ethiopia will soon start importing cheaper refined oil from South Sudan to cover the more expensive product from the Middle East.
Ethiopia’s State Minister for Mines and Petroleum, Koang Tutlam announced on Wednesday that the move will save Addis Ababa 15 per cent to 20 per cent on the $3.4 billion it spends importing an estimate of four million tonnes of refined products.
While speaking to the media attending South Sudan Oil and Gas Conference in Juba, Mr Tutlam said, “We import almost all of our oil and other refined products from the Middle East, but owing to the proximity of about 200km between the oilfields of Pagak and Adar and the Ethiopian border, we stand to save so much.”
Mr Tutlam further added that Ethiopia exports hydroelectric power to South Sudan and will soon export about 400MW to Kenya.
The oil and gas conference was organised by South Sudan’s …
Three projects financed by the African Development Bank (AfDB) for US$121.4 million in 2010-2011 are starting to provide Cameroon with more reliable electricity supply, the bank said.
Although Cameroon has suffered power supply for years, it has the second-largest hydroelectric potential in Africa and the 18th worldwide with an estimated 23,000 MW hydroelectric production capacity.
In a statement given on Thursday, AfDB said the Lom Pangar storage reservoir project was complete, although the dam’s generating plant was still under construction. Two other power plants, Kribi and Dibamba, had begun working to strengthen the country’s generating capacity.
In November 2011, The African development bank awarded $62.9 million for the construction of Lom Pangar in the country’s eastern region and a 30 MW hydroelectric generating plant still under construction at the base of the dam. Lom Pangar will provide electricity to 150 locations and significantly reduce power cuts.
Also Read: Arabian and
…
Kenya’s leading power generator-Kenya Electricity Generating Company (KenGen) has clinched a US$56.2 million contract to drill 12 geothermal wells in Ethiopia.
The contract with Ethiopia’s independent power producer Tulu Moye Geothermal Operations (TMGO) PLC will also include installing a water supply system and equipment.
KenGen will supply drilling materials and also provide operation and maintenance services for both the drilling equipment and the water supply system.
Speaking on Thursday about the multi-million shillings project, KenGen Managing and CEO Rebecca Miano said it was the second and the company’s largest consultancy outside Kenya.
In February this year, KenGen won a contract to drill geothermal wells for the Ethiopian Electric Power (EEP) in Aluto, Ethiopia.
READ:KenGen and Chinese companies on Ethiopian geothermal project
The contract in Aluto is for the implementation of drilling rigs and accessories as well as rig operation and maintenance for drilling geothermal wells.
It is financed by …
Distributed Power Africa (DPA) has unveiled a 1.2MW solar installation at Liquid Telecom’s Campus in Midrand, Johannesburg –one of their largest projects to date in South Africa. Recently, the company also announced a major deal with Tesla to bring Powerwalls into Zimbabwe, as a part of their telecoms power solution.
According to the CEO of DPA Africa, Norman Moyo “This solar deployment to Liquid Telecom Midrand is a major development in improving energy security for critical users like data centres. It will improve their power security and energy efficiencies. The power needs of data centres tend to be heavy and sensitive, and DPA’s engineering hopes to provide a reliable power supply to keep this operation running with no downtime.”
DPA designed and is engineering the Liquid Telecom Midrand solar plant as a combined carport and rooftop solution, that will come complete with a real-time power monitoring system. This initiative is …
Tanzania’s natural gas prices are set to be reviewed by the Ministry of Energy as the sector undergoes a major face-lift to improve taxation and revenue collectiong.
Under the leadership of President John Pombe Magufuli, Tanzania’s extractives sector has been undergoing a major overhaul to improve taxation and revenue collection within contractual agreements concomitant to the resources extracted from the country. These are measures necessary for a Tanzanian oil and gas success story.
According to Tanzania Petroleum Development Corporation (TPDC), natural gas exploration has been carried out since the 1950s, but it was in 1974 that gas discovery was made in Songo Songo Island.
The discovery made Tanzania known globally as a natural gas-rich nation in the region, which in return sparked interest for the nation to take its first steps to formalize the industry, including the birth of TPDC in 1973 and the enactment of the Petroleum (Exploration and …
Rwanda’s solar energy ambition received an endorsement of a financial instrument from the Global Innovation Lab for Climate Finance.
According to the Global Innovation Lab for Climate Finance, the first boost will be US$ 9 million and will enable the deployment of solar home systems for 175,000 households
The institution approved the piloting of solar securitisation, which seeks to improve the financial capacities of developers to enable them to expand and meet the demands in the local market.
Rwanda targets to connect 300,000 households annually to the off-grid energy solutions if it is to meet the 2024 access target which will contribute up to 48 per cent of national electrification.
Among the challenges include the fact that the systems are financed by customers whose sales have been relying on the solar developers’ ability to leverage their own balance sheets which are often constrained.
The firms have often found challenges …
