Finance

Nigeria Distributed Renewable Energy Fund achieves commercial launch to deploy localised equity

The Nigeria Sovereign Investment Authority and Africa50 have completed the commercial launch of the $300 million Nigeria Distributed Renewable Energy Fund at the United Nations General Assembly. Backed by the World Bank Group as a founding partner, the vehicle deploys equity into domestic developers to scale mini-grids and commercial solar infrastructure.

TotalEnergies secures 1.8 billion dollars for African midstream infrastructure

TotalEnergies has agreed a 1.8-billion-dollar infrastructure deal with Global Infrastructure Partners, selling equity stakes in its African pipeline and export network. The transaction secures institutional capital from the BlackRock subsidiary while maintaining operational control through a fifteen-year throughput tariff framework.

EXCLUSIVE: Every R50 million from a South African institution unlocks another R50 million from BII

British International Investment and Alexforbes each put R500 million into the Revego Africa Energy Fund in January, taking it to R3 billion. BII conditionally approved a further R250 million, subject to being matched locally. Speaking to ENN, Revego's Chief Investment Officer Ziyaad Sarang says that match is still open.

Nigeria electricity subsidy reaches N358bn in a quarter as removal moves to 2027

The Federal Government carried more than half of Nigeria's generation costs in the first quarter, with tariffs frozen at July 2024 rates. Power Minister Joseph Tegbe has said subsidy payments will be phased out from next year, though neither the date nor the consumer protection measures have been published.

Mission 300 partner pledges pass $50bn while committed project finance reaches $15bn

The World Bank and African Development Bank have committed close to $15 billion directly, with $4.5 billion mobilised alongside it. The wider partner total is more than three times that. Officials are careful about the gap, because a pledge and a disbursement are separated by approval, preparation and years.

Ghana foreign direct investment outpaces Nigeria per head, Carthena analysis finds

Wole Ogundare, Founder and Managing Partner of Carthena Advisory, sets Ghana's recovery from its 2022 default against Nigeria's scale and argues the two are running different races. One is decided by what a unit of output costs to make, the other by everything an investor must price around it.

Tanzania holds 57tcf and a licensing round while its LNG agreement stays unsigned

Shell and Equinor have been targeting a host government agreement on the $42 billion Tanzania LNG project, with first production expected in the early 2030s. The country opened 26 blocks in its first licensing round in more than a decade, and its 2,115MW hydropower plant now supplies four countries.

Nigeria’s off-grid programme has 11 million connections to find before December 2028

DARES has reached 5.3 million Nigerians against a target of 16.2 million at the project's close, with solar home unit deployments at 1.046 million against 2.75 million. The World Bank has released further funding after Nigeria met four performance conditions, while rating political and macroeconomic risk high.

Mozambique waits on Rovuma as the FID timetable slips from July toward September

President Daniel Chapo has said he expects ExxonMobil to sanction the $30 billion Area 4 project by mid-2026, with observers framing the target as September. Around 160 trillion cubic feet sits in the Rovuma Basin, and Maputo has linked the decision to TotalEnergies restarting its own $20.5 billion development.

South Africa gas procurement approaches the decision its LNG market depends on

Four bids totalling around 2,800MW were submitted against a 2,000MW target when the window closed on 29 May. IPP Office head Precious Edward has said the programme remains on the timeline communicated to the market, which put preferred bidders roughly three months after close.

Côte d’Ivoire refinery upgrade must raise €633 million before its 2029 commissioning

The AfDB has committed €200 million as lead arranger on an €833 million hydrodesulfurisation complex at SIR in Abidjan, due for commissioning in 2029.

Nigeria’s sovereign fund puts domestic capital behind distributed renewable energy

The Nigeria Sovereign Investment Authority manages the country's sovereign wealth across three ring-fenced funds and has built a platform for distributed renewable energy in the Nigerian market. Its role matters to a sector where the shortage is rarely projects and almost always the capital willing to take early risk.

Zimbabwe-Zambia Energy Projects Summit 3 - 5 November 2026

Nigeria NOW! 19 - 20 November 2026

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Energy news

EXCLUSIVE: Renewable energy has become industrial policy

Vincenzia Leitich is Executive Vice President for Power and Renewables, Client Coverage at Standard Bank. Across two episodes of the Let's Talk Energy Podcast she told ENN how open access has turned mining into an anchor customer for African renewables, and why transmission rather than capital is now the binding constraint.

Clean cooking commitments pass $3.1 billion as a supply shock reaches the kitchen

New pledges of $900 million were announced on 9 July at a virtual meeting of the co-chairs, after the Nairobi summit was postponed. A new programme responds to Strait of Hormuz disruption that the IEA says affected 30 per cent of globally traded LPG.

Seriti Green signs a further R10 billion as Ummbila Emoyeni starts commercial supply

President Cyril Ramaphosa officiates at Bethal in Mpumalanga today as the first 155MW phase of Ummbila Emoyeni begins commercial supply. Standard Bank and RMB financed the R4.8 billion phase, the opening stage of a build planned to pass 900MW across seven phases.

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.

A quarter of Rwandan households get their electricity without touching the grid

Off-grid systems accounted for 25 per cent of national connectivity against 59.6 per cent on the grid, according to Rwanda Energy Group. A results-based programme backed by the African Development Bank and the Asian Infrastructure Investment Bank now stands at $300 million.

ENN Book Club: The Black History Month Edit

In October, Black History Month is celebrated in the United Kingdom, and in February, it is celebrated in the United States. Black History is not confined to a single month: it encompasses the past, present, and future, shaping the world we live in today. Through literature, stories, and lived experiences, we gain insight into resilience, creativity, and the pursuit of justice. In this […]

Schneider Electric – the Future is Digital

Ifeanyi Odoh, Country President East Africa, Schneider Electric, spoke to EnergyNet about the new energy landscape, sustainability, the significance of data centres for East Africa, and the importance of digital infrastructure in powering the future. What is the New Energy Landscape, and what does it mean for sustainability? The New Energy Landscape is a new […]

TAQA Arabia – Pioneering CNG Solutions for East Africa

EnergyNet spoke with Adly Kafafy, Vice President Africa & New Ventures, TAQA Arabia, to find out about Tanzania’s first integrated CNG filling station and conversion centre, the country’s new LNG Virtual Pipeline, and the role of natural gas for the future. You have launched Tanzania’s first integrated compressed natural gas (CNG) filling station and conversion […]

Vaaris Energy agrees to buy Shell’s industrial gas network in Nigeria

Shell has signed an agreement to sell Shell Nigeria Gas, which runs about 170km of pipeline serving more than 130 businesses in Ogun, Abia and Rivers, to the Nigerian company Vaaris Energy. Shell keeps its deepwater and integrated gas positions in Nigeria, including its interest in Nigeria LNG.

EXCLUSIVE: The energy sector needs lawyers too, says YSDN’s Damilola Hamid Balogun

Damilola Hamid Balogun founded the Youth Sustainable Development Network. Speaking to ENN ahead of YES! Nigeria, he argues that Africa's energy transition will be built as much by lawyers, policy specialists and communicators as by engineers, and that the pipeline into the sector is narrower than it needs to be.

Nigeria licensing round opens with 40 blocks and a call for “the best bids”

The Nigerian Upstream Petroleum Regulatory Commission has opened its 2026 licensing round with 40 blocks onshore and offshore. Announcing it at the commission's fifth anniversary in Abuja, Commission Chief Executive Oritsemeyiwa Eyesan declared that the wait was over. Under rules adopted for this round, every bidder must disclose its beneficial owners.

Kano-Katsina 330kV line advances with its transformers already waiting on site

Nigeria's transmission company is building a 330kV substation close to the Katsina Steel Rolling Company, at the end of a Kano line it calls the largest of its kind in the country. Minister of Power Joseph Tegbe has named the Chinese contractors lined up behind the Presidential Power Initiative and the Zungeru evacuation project.

Mining & Minerals

U.S. Secretary of Energy Chris Wright says clean cooking is a major focus of Africa policy for the Trump administration

Washington DC | 19, March, 2026 — U.S. Secretary of Energy Chris Wright confirmed a major Africa policy focus: partnering with African governments to create the right conditions to solve the delivery challenges associated with clean cooking across the continent. Secretary Wright told the Powering Africa Summit (PAS) 2026 in Washington D.C. on Thursday: “This […]

Mining & Minerals

Guinea and United States Strengthen Energy Partnership During Powering Africa Summit

Washington, D.C., March 19, 2026 — The Minister of Energy of the Republic of Guinea, Mr. Laye-Sékou Camara, expressed his sincere appreciation to the Government of the United States and senior members of the U.S. Administration for their continued engagement and support for Guinea’s development priorities. Minister Camara emphasized that Guinea attaches great importance to the strengthening […]

Sun Africa, EXIM and African Ministers Set Project-Focused Tone at the Powering Africa Summit in Washington D.C.

WASHINGTON, D.C. — 19 March 2026 — The Powering Africa Summit opened with a clear shift toward execution, as Summit Sponsor Sun Africa and senior government leaders called for bankable projects, scalable infrastructure and deeper U.S.-Africa investment ties. Adam Cortese, CEO of Sun Africa, framed energy as the backbone of industrial growth and cross-Atlantic partnership. […]

Ghana FPSO Gas Upgrade Contract Secures 600 Million Dollar Extension

Yinson Production has finalised an infrastructure modification agreement for the floating production storage and offloading asset operating in Ghanaian waters to expand technical capacity for domestic thermal plants.

Aksa Energy Delegation Finalises Revenue Compliance Framework in Accra

Senior executives from Aksa Energy's West African division have held talks with the Ghana Revenue Authority to secure a data-sharing protocol for its 370 megawatt generation pipeline.

Renewable Energy

Côte d’Ivoire shortlists developers for 200MW of solar backed by 66MWh of storage

Developers have been shortlisted for two 100MWp solar plants at Dabakala and Niakaramandougou, each paired with 33MWh of battery storage, under 25-year independent power producer concessions. The procurement sits inside a national target of 45% renewables in the electricity mix by 2030.

A 3MW solar hybrid powers the University of Abuja from tomorrow

The Rural Electrification Agency commissions a 3MW solar hybrid plant at Yakubu Gowon University in Abuja on Wednesday 16 September, under Phase II of the Energizing Education Programme and with support from the World Bank Group. Joseph Tegbe, Minister of Power, performs the commissioning.

YSDN partnership brings Damilola Hamid Balogun’s network to YES! Nigeria in November

EnergyNet has signed a memorandum of understanding with the Youth Sustainable Development Network to deliver the youth programme running alongside the Nigeria NOW! Global Investors Expo in Abuja. The Expo was launched at the Federal Ministry of Solid Minerals Development on 6 August, with four ministries represented.

EXCLUSIVE: Three prototypes and a final product, Mpepu Energy on building turbines in Malawi

Madalitso Chimpeni has been building wind turbines in Malawi for three years. The grant he won through the Youth Energy Summit bought the generators, paid the machinists and gave him room to get it wrong. The turbines are fabricated and waiting for installation, and 120 households are the target.

Africa minigrid internship pilot to place five to ten interns inside AMDA’s own work

The Youth Sustainable Development Network and the Africa Minigrid Developers Association will run four to six week remote placements from later this year, across regulatory coordination, research, sector support and access to capital. Whether it grows depends on an evaluation neither organisation has run yet.

Pele Green Energy’s Jolene on finding your place in the energy transition

Pele Green Energy began as a drive to transform young South Africans' lives, with energy as the conduit. Speaking to ENN at AEF, Jolene Shaw of Knowledge Pele shares what nearly sixteen years has taught her, and why young entrepreneurs should find their place across the whole energy value chain.

Seriti Green’s Chabisi Motloung on the careers waiting for young Africans in renewables

Four months after leaving smelting for renewables, Seriti Green's Chabisi Motloung has a message for young Africans: this is where the careers are. Speaking to ENN at AEF's Youth Energy Summit, the COO makes the case for reinvention, problem-solving, and the dream of a single interconnected African grid.

Battery Storage

IPP Office Highlights Storage and Grid Expansion as Critical to South Africa’s Next Energy Growth Phase

South Africa’s energy sector is entering a new phase of its transition, with increasing attention focused on battery energy storage, transmission infrastructure and the reforms required to unlock further investment. As the country continues to expand renewable energy capacity and modernise its electricity market, questions around grid resilience, system flexibility and long-term energy security have […]

Zambia solar capacity passes 1,000MW as Kudu’s 200MW finds a buyer

Zambia has reached its 2026 target of 1,000MW of solar, with 1,027MW now installed, the government told the Energy Forum for Africa in Lusaka. At the same forum, Axian signed a power purchase agreement with Africa GreenCo for the 200MW Kudu plant, whose output will be sold across the Southern African Power Pool.

Tech & Power Generation

A 370MW pilot is being prepared to test Zimbabwe’s competitive procurement

Zimbabwe is replacing unsolicited power project bids with competitive tendering, and the framework behind it is being built with World Bank technical assistance covering transaction advisers, model bidding documents and a pilot procurement of around 370MW across the Ministry, ZETDC and the regulator.

Zambia’s 2027 budget plan targets 10,000MW while eight projects build 1,315MW

Zambia's Energy Regulation Board was tracking 1,315MW of generation under construction in September, as ministries defended their 2027 spending plans in Lusaka this week. The medium-term plan behind that budget, published on 27 September, puts 10,000MW among its production targets, and comments on its Green Paper close on 9 October.

Ambassador John Giordano, US Ambassador to the Republic of Namibia | Africa Energy Forum 2026

Ambassador John Giordano, US Ambassador to the Republic of Namibia | Africa Energy Forum 2026

Hlatse Nkune, Principal – Energy Finance, Nedbank | Africa Energy Forum 2026

Hlatse Nkune, Principal – Energy Finance, Nedbank | Africa Energy Forum 2026

Mpho Phasha, Senior Associate Power & Renewables Finance, Nedbank CIB | Africa Energy Forum 2026

Mpho Phasha, Senior Associate Power & Renewables Finance, Nedbank CIB | Africa Energy Forum 2026

Rentia van Tonder, Global Head Power & Renewables, Standard Bank | Africa Energy Forum 2026

Rentia van Tonder, Global Head Power & Renewables, Standard Bank | Africa Energy Forum 2026

The Energy Post Podcast | Green Energy Transition | Transitioning Kenya and the Region

The Energy Post Podcast | Green Energy Transition | Transitioning Kenya and the Region

U.S. Secretary of Energy Chris Wright Keynote Speech & Fireside Chat with Rajiv Shah | Powering Africa Summit 2026

U.S. Secretary of Energy Chris Wright Keynote Speech & Fireside Chat with Rajiv Shah | Powering Africa Summit 2026

Tour of Rare Earths in the Energy Transition

Mining & Minerals

Tour of Rare Earths in the Energy Transition

Tour of Critical Minerals for the Energy Transition – Andy Calitz and Mary Hemmingsen

Mining & Minerals

Tour of Critical Minerals for the Energy Transition – Andy Calitz and Mary Hemmingsen

Sarah Lane, Denham Capital | West Africa Energy Cooperation Summit (WAECS) 2025

Sarah Lane, Denham Capital | West Africa Energy Cooperation Summit (WAECS) 2025

Michael Konadu, GE Vernova | West Africa Energy Cooperation Summit (WAECS) 2025

Michael Konadu, GE Vernova | West Africa Energy Cooperation Summit (WAECS) 2025

Eunice Biritwum, Energy Commission | West Africa Energy Cooperation Summit (WAECS) 2025

Eunice Biritwum, Energy Commission | West Africa Energy Cooperation Summit (WAECS) 2025

Take a look back: aef 2019 Country Spotlight, Zimbabwe

Southern Africa

Take a look back: aef 2019 Country Spotlight, Zimbabwe

What Will It Take to Finance Africa’s Industrial Future?

Can Zambia Build Power Fast Enough for Its Next Wave of Industrial Growth?

Are Africa’s Frontier Markets Being Mispriced by Investors?

Can Private Power Markets Solve Africa’s Industrial Energy Challenge?

Maximising The Power of Regional Collaboration to Scale Up Energy Development

Is Solar Enough? Rethinking Off-Grid Energy in West Africa

DFIs, Local Capital and Financing West Africa’s Power Transition

Strategic Vision for National Electricity & Energy Policy

Youth Powering Africa’s Sustainable Future

Beyond the Grid: Financing Southern Africa’s Energy Revolution with Standard Bank