ExxonMobil Expands Stake in Mozambique’s Rovuma LNG Project Ahead of Final Investment Decision
ExxonMobil Raises Rovuma LNG Stake to 50% as Mozambique’s US$30 Billion Gas Megaproject Moves Closer to Approval ExxonMobil has strengthened its position in Mozambique’s Rovuma LNG development after increasing its stake in the project from 37.5% to 50% through a strategic asset swap with Italian energy major Eni. The transaction reinforces ExxonMobil’s commitment to one of Africa’s largest planned natural gas developments and comes as project partners prepare for a final investment decision expected before
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Mailo Solar Expansion Set to Boost Zambia’s Renewable Energy Capacity
Second Phase of Mailo Solar Project Strengthens Zambia’s Clean Energy Ambitions Zambia’s renewable energy sector is set for a major boost as development advances on the second phase of the Mailo Solar Project, a key initiative aimed at increasing clean power generation and enhancing national energy security. The expansion builds on the success of the project’s initial phase and reflects growing investment in utility-scale solar infrastructure as the country seeks to diversify its electricity mix
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Zambia Launches Solar Financing Initiative Targeting 120,000 Households
World Bank-Backed Solar Financing Programme Aims to Expand Energy Access to 120,000 Zambian Homes Zambia has launched a new results-based financing initiative designed to accelerate access to clean energy, with a target of delivering solar home systems to 120,000 households across the country. The facility, established by the Rural Electrification Authority (REA) under the World Bank-supported ASCENT Zambia programme, is intended to encourage private-sector investment in off-grid energy solutions while expanding electricity access to underserved
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Construction Begins on Zambia’s 56MWp Kafue Solar Project
Globeleq’s 56MWp Kafue Solar Project Breaks Ground, Strengthening Zambia’s Energy Security Construction has officially begun on the Kafue Solar Project in Zambia’s Lusaka Province, marking a significant milestone in the country’s transition toward a more diversified and resilient energy mix. The 56MWp solar facility is being developed by Globeleq through the GET FiT Zambia programme and is expected to begin supplying electricity to the national grid in the third quarter of 2027. The project is
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Egypt Secures Initial Financing for Scatec’s $650 Million Solar Power Project
Egypt Advances Renewable Energy Ambitions with Preliminary Financing for $650 Million Scatec Solar Project Egypt has secured preliminary financing arrangements for a major $650 million solar energy project being developed by Scatec, marking another significant step in the country’s drive to expand renewable energy capacity and strengthen its position as a regional clean energy leader. The project is expected to play a key role in supporting Egypt’s energy transition strategy, which focuses on increasing the
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Tanzania Strikes Major Natural Gas Discovery as Energy Ambitions Gain Momentum
Tanzania Discovers 223 Bcf of Natural Gas at Mnazi Bay, Strengthening Energy Security and LNG Ambitions Tanzania has announced the discovery of an estimated 223 billion cubic feet (bcf) of natural gas at the Mnazi Bay field in the Mtwara region, marking the country’s first significant gas discovery in more than a decade. The discovery was made at the Kasa-1X ST2 exploration well and is expected to bolster Tanzania’s energy security while supporting industrial growth
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