Africa’s richest man, Aliko Dangote, is moving forward with long-anticipated plans to list two of his industrial giants—Dangote Oil Refinery and Dangote Fertiliser Limited—on the Nigerian stock market. Although the idea has circulated for some time, recent developments suggest definitive timelines have now been set, particularly for the refinery. Dangote recently announced that his $20 billion oil refinery will be listed on the Nigerian Exchange (NGX) by the end of 2026. During a visit by
The construction of the Pointe-Noire–Loutété–Maloukou-Trechot pipeline is scheduled to begin by the end of 2025. This major infrastructure project is being developed through a public-private partnership between the Republic of Congo and Russian pipeline company Zakneftegazstroy-Prometey. The announcement was made last week during a meeting between Denis Christel Sassou Nguesso, Congo’s Minister of International Cooperation and Public-Private Partnership Promotion, and Pavel Sorokin, Russia’s Deputy Minister of Energy. Both officials welcomed the progress made on the
South African integrated energy and chemical company Sasol has entered into a virtual power purchase agreement (VPPA) with renewable energy producer Akuo to supply 91 megawatts of solar power—equivalent to approximately 250,000 megawatt-hours (MWh) annually—to its Lake Charles Chemicals Complex in Coke County, Texas. The 15-year VPPA will draw power from Akuo’s 195 MW Tennyson Solar Farm, which is currently under construction in the region. “This increased use of renewable energy, through both direct and
South Africa’s Public Investment Corporation (PIC) has partnered with two development finance institutions to commit $37 million (approximately R655.6 million) toward financing the country’s green hydrogen industry. The Development Bank of Southern Africa (DBSA) and the Industrial Development Corporation (IDC) are collaborating to support the SA-H2 fund, which mobilizes both public and private investments. This fund is jointly managed by Climate Fund Managers, based in The Hague, and Invest International, a Dutch development finance institution.
The Tema Oil Refinery (TOR) is on track to resume full operations by October 2025, aiming to drastically reduce Ghana’s dependence on imported refined fuels. In a recent briefing with Parliament’s Energy Committee, Edmund Kombat, TOR’s Acting Managing Director, revealed that Ghana currently spends about $400 million per month on fuel imports. Once TOR is fully operational, he estimates that figure could be cut by more than half. Kombat explained that with the refinery running,
Sierra Leone is awaiting the results of its first offshore 3D seismic survey in over a decade before deciding whether to launch a new oil and gas licensing round later this year, according to the country’s Petroleum Directorate. The six-week seismic campaign, which began last month, is being conducted by GeoPartners in collaboration with the Petroleum Directorate of Sierra Leone. The goal is to de-risk offshore exploration by generating high-resolution data across the country’s offshore
Egypt has increased natural gas production at the Zohr field by 60 million cubic feet per day following the successful redrilling of the Zohr-6 well, according to the Ministry of Petroleum and Mineral Resources. With Zohr-6 now complete, drilling operations have moved to the Zohr-13 well, which is expected to add a further 55 million cubic feet per day to production, based on technical assessments. These developments represent a significant step forward in enhancing Egypt’s
Namibia’s state-owned power utility, NamPower, has commenced construction of the 100 MW Sores|Gaib Solar Power Plant, located approximately 33 kilometers from Rosh Pinah in the southern part of the country. The $90.3 million project is being financed in part by a $73 million loan from Germany’s development bank, KfW, with NamPower covering the remaining costs. Namibia has historically relied heavily on imported electricity. In 2022, the country sourced nearly 78% of its power from foreign
TaTe Diamonds, Namibia’s first fully Namibian-owned diamond company, has officially entered the United States market with the grand opening of its flagship showroom in Atlanta, Georgia. Located in Buckhead, Atlanta’s premier luxury district, the showroom marks a significant milestone in the company’s international expansion and brand visibility. The launch event drew distinguished Namibian and international guests, with Brent Eiseb, CEO of the Namibian Diamond Trading Company (NDTC), presiding over the ribbon-cutting ceremony. The Namibian delegation
Namibia is preparing to introduce financial incentives to support the development of the Venus oil field, operated by TotalEnergies, as the country aims to become an oil producer within the next five years. The initiative was confirmed by Kornelia Shilunga, recently appointed Special Adviser and Head of the Upstream Petroleum Unit in the Namibian Presidency, who acknowledged the scale and financial demands of the deepwater project. “The government recognises the complexities and high costs associated
