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Category: Energy

International Energy News

AfDB Boosts Uganda Rural Electrification Drive with €7.33 Million in Additional Financing

African Development Bank Approves €7.33 Million for Uganda Rural Electricity Project to Expand Access and Complete Compensation Payments The African Development Bank (AfDB) Group has approved an additional €7.33 million in financing to complete compensation payments for communities affected by the Uganda Rural Electricity Access Project (UREAP) Phase I. Approved on 7 April, the funding is intended to close existing financing gaps, ensure full compensation for project-affected persons, and support the completion of outstanding environmental

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Local Energy Gas Oil

Angola’s Energy Sector Rebounds in 2026 as $100 Billion Investment Pipeline Signals New Growth Cycle

Angola’s Energy Sector Enters New Growth Cycle as $100 Billion Investment Pipeline Takes Shape Angola has entered 2026 with a fundamentally reshaped energy investment proposition, driven by regulatory reforms, new infrastructure projects, and a strategic shift following its departure from the Organization of the Petroleum Exporting Countries in January 2024. The decision to exit the producer alliance removed production quotas that had capped output at roughly 1.11 million barrels per day, allowing operators to pursue

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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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Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia held a high-level meeting on Monday to review the implementation of energy cooperation projects, with a particular focus on the Angola-Namibia electricity interconnection. The discussions took place between Angola’s Minister of Energy and Water, João Baptista Borges, and Namibia’s Minister of Industries, Mines, and Energy, Modestus Tshitumbe Amutse. Also in attendance was Angola’s Secretary of State for Energy, Arlindo Carlos.

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Local Energy News

DRC and Angola Partner with Somagec on $1.2B Energy Transmission Projects

DRC and Angola Launch Major Cross-Border Energy Transmission Lines to Boost Industrial Growth and ElectrificationThe Ministry of Water Resources and Electricity of the Democratic Republic of Congo (DRC), represented by Minister Aime Sakombi Molendo, has signed an agreement with Moroccan firm Somagec to develop two ambitious energy transmission lines connecting Angola and the DRC. According to a statement, the 400 kV transmission line projects include: High-Voltage Infrastructure for Regional Integration The Soyo-Inga-Cabinda line is a

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International Energy News

ERB Clears 29 Licences and Major Solar Project to Boost Zambia’s Energy Sector

Zambia’s Energy Regulation Board Approves ZMW 2.45 Billion in New Energy and Petroleum Investments The Energy Regulation Board (ERB) has approved 29 licence applications and five construction permits across the petroleum, electricity and renewable energy sub-sectors, representing a total committed investment of ZMW 2.45 billion (approximately US$130 million). The approvals were granted by the Board’s Licensing Committee at its meeting on 13 February 2026, signalling sustained investor confidence in Zambia’s energy market. The ERB stated

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Local Corporate News Energy Oil

Afreximbank Secures US$1.75bn Syndicated Facility to Support Sonangol and Angola’s Oil Exports

Afreximbank Secures US$1.75bn Syndicated Facility to Support Sonangol and Angola’s Oil Exports The African Export-Import Bank (Afreximbank) has successfully closed a US$1.75 billion syndicated receivables purchase facility for Sonangol, Angola’s national oil company, in a transaction expected to significantly strengthen the country’s energy sector and export capacity. The facility, arranged in collaboration with other mandated lead arrangers, will support Sonangol’s operating and capital expenditure requirements. It also advances Afreximbank’s mandate to promote African-led financing solutions

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Local Energy Gas Oil

Azevedo Emphasizes Rigorous Implementation of Mineral and Energy Sector Projects

Angola’s Mineral, Oil, and Gas Sector Focuses on Results-Driven Project Execution The Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, emphasized the central role of the sector in Angola’s economic development, economic diversification, investment attraction, and value creation. He highlighted that this responsibility requires a high level of professionalism, rigor, and a strong commitment to achieving results. Minister Azevedo made these remarks at the opening of the XII Meeting of the Advisory Council of

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Infrastructure Energy International News Oil

Uganda Seeks Up to $2 Billion Vitol Financing for Oil and Energy Infrastructure

Uganda’s National Oil Company Targets $2 Billion Vitol Loan to Fund Refinery and Energy Infrastructure Uganda’s national oil company, the Uganda National Oil Company (UNOC), is seeking to secure up to $2 billion in financing from Vitol Bahrain EC, a subsidiary of global commodities trader Vitol, to support major energy and infrastructure projects, according to a senior official at the Ministry of Finance. Earlier this year, the Ugandan government signed an agreement with UAE-based Alpha

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Energy Expos & Events International

Africa Needs Grids to Move Power from Renewable Energy Projects to End Users

Africa stands at a defining moment in its energy transition. With some of the world’s richest solar, wind and hydro resources, the continent is rapidly scaling up renewable energy generation. However, a critical bottleneck threatens to derail this progress: the lack of adequate, modern and interconnected power grid infrastructure to move electricity from generation sites to where it is needed most. Across the continent, hundreds of renewable energy projects – from utility-scale solar farms in

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