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Renewable Energy International News

Germany and South Africa Sign €200M Loan Deal to Boost Energy Transition and Green Industry

South Africa Secures €200M German Loan to Upgrade Grid and Expand Renewable Energy and Green Hydrogen Projects Germany and South Africa have agreed on a €200 million ($234 million) concessional loan to support South Africa’s energy transition, alongside expanded cooperation in critical minerals and green industrial development. The agreement was confirmed by South Africa’s Minister of International Relations and Cooperation, Ronald Lamola, following bilateral talks in Berlin on Monday. Energy transition and grid upgrades The

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International News Renewable Energy

South Africa Commissions 148MW Bolobedu Solar Plant in Limpopo

South Africa Adds 148MW Bolobedu Solar Plant to Grid as Part of Renewable Energy Expansion Drive South Africa has officially commissioned the 148-megawatt (MW) Bolobedu Solar Plant in Limpopo province, adding new renewable capacity to the national electricity grid. According to the Government Communication and Information System (GCIS), the solar facility is expected to generate around 300 gigawatt-hours (GWh) of electricity annually and feed power directly into the national grid. The project spans approximately 347

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International Corporate News Renewable Energy

Sun King to Invest $150 Million in Ethiopia’s Off-Grid Solar Expansion

Sun King Targets 2 Million Ethiopian Customers with $150M Off-Grid Solar Investment by 2030 Kenya-based solar company Sun King plans to invest up to $150 million to expand access to electricity in Ethiopia by 2030, aiming to reach around 2 million households and small businesses outside the national grid. The announcement was made in a joint statement with the Ethiopian Investment Commission, which confirmed that Sun King will establish a local subsidiary as part of

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Diamonds Corporate News International

De Beers Diamond Output Rises 17% in Q1 on Strong Botswana and Canada Performance

De Beers Q1 Production Up 17% to 7.1M Carats as Botswana, Canada and South Africa Drive Growth Despite Price Decline Diamond producer De Beers reported a 17% year-on-year increase in rough diamond production to 7.1 million carats for the quarter ended March 31, driven mainly by planned ore releases at the Gahcho Kué mine in Canada and higher output from the Venetia underground mine in South Africa. On a quarter-on-quarter basis, production surged by 88%,

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Gold Economy International

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

DR Congo Partners with UAE-Based Paradigm Holdings to Boost Gold Exports Through Dubai Trading Hub The government of the Democratic Republic of the Congo has signed a gold supply agreement with UAE-based Paradigm Holdings, marking a new step in efforts to expand the country’s access to international bullion markets through Dubai. The deal highlights the growing role of the United Arab Emirates as a key intermediary in global gold trade, connecting resource-rich African producers with

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Corporate News International Oil

Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs

Aliko Dangote Targets 1.4 Million Barrels Per Day Capacity Expansion at Dangote Refinery, Creating Up to 95,000 Jobs Africa’s largest industrial project is set for another major scale-up, with Aliko Dangote announcing plans to expand the Dangote Refinery to a production capacity of 1.4 million barrels per day. The expansion is expected to create up to 95,000 skilled jobs at peak construction, reinforcing the refinery’s role as a cornerstone of Nigeria’s industrialisation and energy security

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International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

South Africa Boosts US Fuel Imports Amid Strait of Hormuz Tensions and Rising Global Shipping Costs South Africa is increasing fuel imports from the United States as instability along key Middle East shipping routes continues to disrupt traditional supply chains and push up global energy costs. The shift reflects a broader adjustment among fuel-importing economies that are rethinking sourcing strategies amid tighter maritime corridors, longer shipping distances, and rising freight and crude prices. For many

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International Energy Gas News

Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal

Senegal Transfers Yakaar-Teranga Gas Project to State Firm PETROSEN as Kosmos Energy Exits Major Offshore Development Senegal has moved to assume full control of its strategic Yakaar-Teranga Gas Project following an agreement for the withdrawal of US-based Kosmos Energy, marking a significant shift in the country’s upstream energy landscape. The decision places the development of one of West Africa’s largest gas discoveries firmly under state management. Prime Minister Ousmane Sonko announced that the agreement allows

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International Corporate News Oil

Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia

Rhino Resources Launches Capricornus-1A Appraisal Well to Assess Light Oil Discovery in Namibia’s Orange Basin Rhino Resources is advancing appraisal activities at its Capricornus oil discovery offshore Namibia following confirmation of a high-quality light oil-bearing reservoir in the Orange Basin, one of the world’s most closely watched new petroleum frontiers. The company has announced that it has contracted the Saipem 12000 drillship to carry out the Capricornus-1A appraisal well in Block 2914, which falls under

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Corporate News Gas International Oil

TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum

TotalEnergies Invests $141 Million in Namibian Suppliers to Boost Local Participation in Offshore Oil and Gas Industry TotalEnergies has spent more than US$141 million on local goods and services in Namibia since 2022, as the energy major intensifies efforts to expand local participation in the country’s fast-growing oil and gas sector. The investment reflects a broader push to strengthen domestic supply chains and ensure Namibian businesses benefit from the development of offshore energy resources. Speaking

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