Turkish energy company Aksa Enerji is set to begin operations of the first 25 MW turbine at the Djeno Power Plant in the Republic of Congo by March 2025. This initiative aims to improve electricity access in a country where only about 50% of the population has power, with rural electrification rates as low as 12%. Currently, the country’s primary power source is the Centrale Electrique du Congo (CEC), a joint venture between Eni and
Renewable energy firm AMEA Power has commenced construction on a 50 MW solar power plant in Bondoukou, Ivory Coast. The $60 million project marks the company’s first operational asset in the country and supports the national goal of increasing renewable energy’s share to 45% of the energy mix. Once operational, the plant will generate 85 GWh of clean energy annually, supplying electricity to 358,000 households and reducing carbon emissions by approximately 52,000 tons. The project
Africa contributes 60% of global diamond production, the president of the African Diamond Producers Association (ADPA), Wiston Chitando, announced on Thursday in Luanda. Chitando, who also serves as Zimbabwe’s Minister of Mineral Resources, made the statement during the inauguration of ADPA’s new headquarters. He reaffirmed his commitment to advancing Africa’s diamond sector. He emphasized that Africa’s diamond industry remains strong despite global market challenges, particularly the rise of synthetic diamonds. “We are determined to move
Custos Energy has provided an update on the second exploration and appraisal campaign for Blocks 2813A and 2814B in Namibia’s Orange Basin, a rapidly emerging oil and gas hub. These blocks fall under Petroleum Exploration License 83 (PEL 83), operated by a subsidiary of Galp Energia. Custos and Namibia’s National Petroleum Corporation (NAMCOR) each hold a 10% working interest in PEL 83. The PEL 83 Joint Venture partners have successfully drilled, cored, and logged the
OPEC Secretary-General Haitham Al-Ghais has called on Africa to capitalize on its vast oil reserves, which exceed 120 billion barrels, emphasizing the continent’s crucial role in the global energy landscape. Speaking at the Nigeria International Energy Summit 2025 in Abuja, Al-Ghais delivered a keynote address titled “Driving Cross-Continental Investments: Scaling Africa’s Energy Frontier.” The summit’s eighth edition is themed “Bridging Continents: Connecting Investors with Africa’s Energy Potential.” Al-Ghais highlighted Africa’s extensive natural gas reserves, estimated
The construction of the Fouta Refinery, located about 30 kilometers from Pointe-Noire, is on track for completion in 2025. The project aims to reduce Congo’s reliance on fuel imports, which totaled $140 million in 2023. Developed by Chinese firm Beijing Fortune Dingheng Investment, the refinery will have an annual production capacity of 2.5 million tons of petroleum products, including diesel and gasoline. Congo currently operates only one refinery, the Congolaise de Raffinage (CORAF) in Pointe-Noire,
Dubai-based renewable energy company AMEA Power has signed agreements with the Egyptian government to develop standalone battery energy storage systems (BESS) with a total capacity of 1,500MWh. The project will see 500MWh installed in Zafarana and 1,000MWh in Benban, enhancing grid stability and supporting the integration of renewable energy sources. This initiative aligns with Egypt’s efforts to accelerate its energy transition. Hussain Al Nowais, Chairman of AMEA Power, stated that the project will not only
B2Gold’s Otjikoto Mine in Namibia, in which the company holds a 90% interest, had a strong performance in 2024, producing 198,142 ounces of gold, nearly at the midpoint of its guidance range of 185,000 to 205,000 ounces. For the year ending December 31, 2024, the mill feed grade was 1.87 g/t, with mill throughput at 3.34 million tonnes, and a gold recovery rate averaging 98.6%. In the fourth quarter of 2024, the Otjikoto Mine produced
BW Energy has confirmed that the drilling program for the Kharas appraisal well in Namibia is on track for the third quarter of 2025. The company has received rig bids, and the selection process is currently underway. The Kharas appraisal well is located in the northern part of the Kudu licence, and BW Energy is collaborating closely with other operators in the Orange Basin to optimize the use of available resources. BW Energy holds a
Importers of Premium Motor Spirits (PMS), commonly known as petrol, are reportedly unsettled by the Dangote Refinery’s recent decision to reduce its petrol price. On Wednesday, the Dangote Refinery announced a price cut, reducing its ex-depot (gantry) price of petrol from N890 to N825 per liter, effective from February 27, 2025. This move has caused a ripple effect across the fuel market, with importers now compelled to adjust their prices accordingly. The Dangote Refinery, however,
