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Finance

Southern African power trading opens up as Zambia brings traders onto ZESCO’s network

The 2024 Electricity (Open Access) Regulations let private intermediaries sell directly to customers for a wheeling fee, and roughly a quarter of trades on the regional exchange are no longer long-term bilateral contracts. Stanbic is preparing a procurement programme that aggregates demand across several mining offtakers.
Finance

African Atlantic Gas Pipeline opens financing talks with US EXIM and the World Bank

Morocco’s ambassador to Washington confirmed the discussions to Bloomberg on 25 July, six days after ECOWAS heads of state signed the intergovernmental agreement in Freetown. Construction on the 6,800km route is expected to begin in 2028, with first deliveries targeted for 2031. The estimated cost is $26 billion.
Mining & Minerals

Sierra Leone critical minerals strategy sets the terms for processing at home

Freetown launched a five-year plan in May covering lithium, graphite, cobalt and rare earths, as mineral exports climbed to $1.3 billion. Julius Daniel Mattai, who chairs the African Diamond Producers Association this year, wants African governments negotiating as a bloc rather than one at a time.
Sustainable Energy

Nigeria industrial solar reaches 200MW as a steel plant breaks ground in Niger State

Niger State has broken ground on 200MW for a steel complex, SEN’EAU has inaugurated 21MW in Senegal, and distributed systems now make up 44 per cent of new African capacity.
News

Nigeria power sector privatisation moves into its monitoring phase

he National Council on Privatisation has approved performance agreements covering Afam Power and Afam III Fast Power, six years after the assets were sold. The Bureau of Public Enterprises can now hold the buyer to the operating targets it committed to, and the transmission company has been separated into two entities.
Hydropower

Zimbabwe power generation set to add 1,365MW by December

ZESA puts private construction in progress at 635MW, with a further 730MW closing its financing. The utility is targeting an end to imports and load shedding by the close of next year, on a system where dependable capacity has run below peak demand.
Tech & Power Generation

Africa nuclear power advances as small reactors suit smaller grids

Africa nuclear power is on the rise, with Egypt and Rwanda leading the way in adopting advanced reactor technology.
Mining & Minerals

Exxaro plans a 100MW battery and a second phase at its Lephalale solar plant

Exxaro will add a 100MW battery and a second phase at Lephalale, as Cennergi targets almost 1,000MW of renewables by the end of 2027 and 1,600MW by 2030.