Côte d’Ivoire Secures €55.5 Million Financing for 50 MW Kong Solar Project Côte d’Ivoire has secured €55.5 million in financing from Dutch development bank FMO for the construction of a 50-megawatt-peak (MWp) solar power plant near Kong in the country’s northern region. The financing will support the development of the Kong solar project, led by Kong Solaire SAS, a project company backed by Africa Via, AXIAN Group and the Private Infrastructure Development Group (PIDG) through
Shell Sells Nigeria Gas Distribution Business to Vaaris Energy as Portfolio Reshaping Continues LAGOS, Nigeria – Shell Petroleum B.V. has agreed to divest its entire stake in Shell Nigeria Gas Group (SNG) to indigenous energy company Vaaris Energy Limited, marking another strategic step in the energy major’s efforts to streamline its global portfolio. The transaction, which remains subject to regulatory approval, includes a domestic gas distribution business that supplies more than 130 industrial and commercial
Botswana’s Economic Diversification Drive Gains Momentum with P1 Billion De Beers Contribution to Development Fund Botswana’s efforts to diversify its economy beyond diamonds have received a boost following the transfer of an initial P1 billion contribution from De Beers Group to the Diamonds for Development Fund. The funding provides the foundation for investments aimed at creating jobs, developing new industries and translating the country’s diamond wealth into broader and more sustainable economic opportunities. The Fund
Zambia’s US$90 Million Maamba Solar Project Begins Power Injection to Strengthen Energy Security Zambia has begun receiving electricity from the 100-megawatt (MW) Maamba Solar photovoltaic (PV) project in Sinazongwe District, Southern Province, as the country steps up efforts to diversify its energy mix and strengthen power supply. The project, developed by Maamba Solar Energy Limited (MSEL), injected electricity into the national grid for the first time on September 24, 2026, marking the start of its
Nigeria’s Navy Discovers 75,000 Litres of Suspected Stolen Crude Oil in Three Underground Reservoirs The Nigerian Navy has uncovered 75,000 litres of suspected crude oil stored in three underground reservoirs in Delta State during operations targeting oil theft and illegal petroleum activities. The discoveries were made by personnel aboard Nigerian Navy Ship (NNS) Delta under Operation Delta Sentinel in the Oteghele area on October 12 and 14, 2026. The first operation uncovered approximately 30,000 litres
De Beers Lifts 2026 Diamond Output Guidance to 28 Million Carats After Taking Full Control of Gahcho Kué De Beers reported an 11% year-on-year decline in rough diamond production to 6.8 million carats in the third quarter of 2026, as planned maintenance at its Orapa mine in Botswana and reduced output at Venetia in South Africa weighed on performance. Despite the decline, the diamond producer raised its full-year production guidance to between 25 million and
Botswana Plans 100 MW Power Exports by 2027 as Regional Energy Trade Expands Botswana is targeting electricity exports of at least 100 megawatts (MW) by the end of 2027, with Zambia among the regional markets it hopes to supply as it strengthens domestic generation and cross-border transmission infrastructure. The target forms part of Botswana’s broader strategy to achieve electricity self-sufficiency and transition from reliance on imported power to becoming a potential net exporter within the
Partnership combines academic research with real-world experience to develop practical tool to improve infrastructure resilience across emerging markets Dubai, UAE / Cape Town, South Africa: Imbono, an operational platform focused on infrastructure and critical logistics across emerging markets, the University of Cape Town (UCT) and Abu Dhabi University (ADU), have signed a three-year academic partnership to develop a framework for assessing and improving the resilience of infrastructure across Sub-Saharan Africa. Infrastructure development is essential to
Angola Partners ANPG and Sonangol to Develop Biofuels Value Chain and Attract Investment Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) and state-owned oil company Sonangol have signed a strategic cooperation agreement to advance the development of the country’s biofuels value chain, with a focus on agricultural potential, sustainable biomass production and private investment. The agreement, signed on Tuesday, 13 October 2026, establishes a framework for feasibility studies, the development of a regulatory framework
Angola Identifies US$12 Billion in Investment Opportunities Along Lobito Corridor Angola has highlighted the Lobito Corridor as a strategic platform for regional integration, agricultural development and industrialisation, with the government identifying investment opportunities worth more than US$12 billion across 10 economic sectors. Ivan dos Santos, Angola’s Secretary of State for Public Investment, outlined the corridor’s potential during the Hand-in-Hand Investment Forum in Rome, Italy, organised by the Food and Agriculture Organization of the United Nations
