Afreximbank to Finance €56M Cameroonian Solar Initiative
Pan-African financial institution the African Export-Import Bank (Afreximbank) has committed €56 million towards a rural electrification initiative in Cameroon. The funding will enable the construction... Read More
Month: April 2023
Fuel supplies could run out in two to three months in Mozambique
Head of Africa at Puma Energy Fadi Mitri says that Mozambique is on the brink of a “serious energy crisis” as the country is not... Read More
Mozambique to expand fuel pipeline capacity
2 min read
Mozambique is working to expand its logistical capacity for transporting fuel to meet the growing demand by the hinterland countries such as Zambia, Zimbabwe, the... Read More
Zimbabwe to introduce Gold-backed digital currency
According to a report in the state-run Sunday Mail, Zimbabwe’s central bank governor, John Mangudya, has announced the imminent launch of a new gold-backed digital... Read More
IMF expects TotalEnergies and ExxonMobil to start Mozambique gas production by 2029
The economist from the African department of the International Monetary Fund (IMF), Thibault Lemaire, told Lusa on Sunday 23rd April that he expects the consortiums... Read More
Govt monitoring fuel prices in international market to ease impacts in Mozambique
The Mozambican government has said it will continue to monitor fuel prices in the international market, with a view to lessening any possible impact on... Read More
Singrobo-Ahouaty hydropower plant project nearly complete
The Singrobo-Ahouaty hydropower plant project, located some 150 km north of Abidjan, Côte d’Ivoire, has achieved a completion rate of 78.93% as of end-March 2023... Read More
Cape Town aims to end Loadshedding with new solar plant
Geordin Hill-Lewis, Mayor of Cape Town in South Africa, has announced that the city will design, build and operate a solar PV plant, complete with... Read More
African Airlines show robust results
1 min read
The African Association of Airlines (AFRAA) indicates that traffic in March reached 94.8 percent of 2019 levels, with more international routes reopening and tourism. In... Read More
CERIM Lüderitz Energy and NamPower sign agreements for 50MW wind power plant in Namibia
CERIM Lüderitz Energy – a joint venture between Energy China and Riminii Investments – and the Namibian Power Corporation (NamPower) have finalized a Power Purchase... Read More
BP Subsidiary to Sell 50% Stake in Maputo Airport Fuelling to Petromoc 
Nigerian President: Fuel Subsidy Removal Saves $1.32B in 2 Months 
Tanzania’s Fuel Prices Surge Amid Cross-Border Fuel Sourcing 
Israel to power Zambia with $100m. solar-wind energy project