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International Energy News

Africa’s Power Sector Draws $13.8B in Investments, but Execution Gap Remains a Challenge

Africa’s Energy Deals Reach $13.8B in 2025, Highlighting Need for Bankable Clean Energy Projects Africa’s power sector is attracting increasing global investment, with energy deals estimated at $13.84 billion in 2025, driven largely by clean energy initiatives. However, a significant gap persists between announced projects and those successfully delivered, raising concerns about execution and bankability across the continent. According to Energy Capital & Power, around 74,000 megawatts (MW) of power capacity has been announced in

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International Gas News

Africa Positions Itself as Key LNG Supplier to Europe Amid Global Energy Shifts

Africa Expands LNG Exports to Europe as Demand Rises Amid Energy Supply Uncertainty Africa is increasingly emerging as a strategic supplier of liquefied natural gas (LNG) to Europe, as shifting global energy dynamics driven by instability in the Middle East and ongoing uncertainty surrounding Russian gas supplies reshape international markets. Energy ministers from Senegal, Equatorial Guinea, Nigeria, and the Republic of the Congo are expected to meet European stakeholders in Paris next month during the

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Local Economy Gas News

Angola Begins Gas Exports from Quiluma Field with 150 Million Cubic Feet per Day

Angola Launches Gas Exports from Quiluma Field, Boosting Energy Diversification The National Agency of Petroleum, Natural Gas and Biofuels (ANPG) announced on Monday the start of gas supply from the Quiluma field, operated by the Novo Consórcio de Gás (NCG). Initial exports reached 150 million cubic feet per day, with projections to climb to 314 million cubic feet per day by the end of the year. Operations officially began last Friday, according to ANPG and

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Economy International News

Burkina Faso Mining Development Fund Raises CFA85.7 Billion in 2025

Burkina Faso Collects $152 Million from Mining Development Fund in 2025 to Support Local Development Burkina Faso collected CFA85.72 billion (about $152 million) through its Mining Development Fund (FMD) in 2025, underscoring the country’s growing role in Africa’s mineral resources sector. Established in 2020, the fund channels revenue from mining activities into local development projects and national strategic initiatives, aiming to ensure that the country’s mineral wealth generates broader economic and social benefits. The results

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Local Economy News

Chinese Investors Dominate $21.8 Billion in Proposed Investments in Angola

China Leads $21.8 Billion Investment Proposals in Angola as AIPEX Reports Surge in Foreign Interest Angola has received 596 investment proposals worth about $21.8 billion over the past five years, with Chinese investors accounting for roughly 80% of the total, according to Arlindo das Chagas Rangel, chairman of the Private Investment and Export Promotion Agency (AIPEX). The surge in investment proposals highlights Angola’s growing appeal as one of Africa’s key resource economies. As Africa’s second-largest

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International News Oil

Ghana Plans Capacity Boost at Tema Oil Refinery to Strengthen Domestic Fuel Supply

Ghana to Expand Tema Oil Refinery Capacity to 45,000 bpd to Reduce Fuel Imports Ghana is taking steps to strengthen its domestic fuel supply as the Tema Oil Refinery (TOR) advances plans to expand crude processing capacity, a move that could modestly increase refining output across West Africa. The state-owned refinery plans to raise production from about 28,000 barrels per day (bpd) to 45,000 bpd, representing a 61% increase. The expansion will be achieved through

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International News Oil

Exploration Well Offshore Gabon Finds No Hydrocarbons but Development Plans Continue

Offshore Gabon Exploration Well Finds Water Instead of Oil as Etame Drilling Program Continues An exploration well drilled offshore Gabon has failed to discover hydrocarbons, according to the operator, which said the drilling was part of ongoing efforts to expand resources in the country’s offshore fields. The step-out well was drilled within the Etame Marine License, where the operator is carrying out a multi-well drilling campaign aimed at sustaining production and identifying additional reserves. Beyond

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Diamonds International News

S&P Global Downgrades Botswana’s Sovereign Ratings Amid Diamond Market Weakness

Botswana Credit Rating Cut to BBB- by S&P Global as Diamond Market Struggles Persist On Friday, S&P Global Ratings downgraded Botswana’s long-term foreign and local currency sovereign credit ratings to “BBB-” from “BBB”, citing structural weaknesses in the global diamond market that are expected to weigh on the country’s minerals-dependent economy for longer than previously anticipated The ratings agency also lowered Botswana’s short-term foreign and local currency sovereign credit ratings to “A-3” from “A-2” and

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International Gas News Oil

Nigeria Seeks to Strengthen Its Position in Global Oil and Gas Supply

Nigeria Positions Itself as a Strategic Alternative in Global Oil Supply Amid Middle East Tensions Faced with persistent geopolitical tensions in the Middle East, Nigeria is seeking to strengthen its role in the global supply of oil and gas. As Africa’s leading crude oil producer, the country is positioning itself as a credible alternative to help diversify hydrocarbon sources on international markets. In a recent media appearance, Nigerian Foreign Minister Yusuf Maitama Tuggar called on

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International News Oil Petroleum

Libya’s Arabian Gulf Oil Company Launches Production at Z-13 Well in Al-Bayda Field

Libya Starts Production at Z-13 Well in Al-Bayda Field as AGOCO Expands Oil Output Arabian Gulf Oil Company (AGOCO) has officially started production at the Z-13 well in the Al-Bayda Field in Libya, marking another step in the country’s efforts to increase oil output and strengthen its energy sector. The company confirmed that the well has been successfully connected to the Al-Door Production Station after maintenance teams completed the required mechanical linkage. The project included

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