Zenith establishes subsidiary in ROC to progress Tilapia

Aug 11, 2020

Zenith Energy Ltd. announced that it has incorporated Zenith Energy Congo SA a fully owned subsidiary of the Company, created under the laws of the Republic of the Congo, for the purpose of receiving a new 25-year license on the Tilapia field. The move comes following the submission of a comprehensive commercial and technical offer…

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Elsewedy Electric to construct high voltage substation in Congo DR

Aug 11, 2020

Egyptian electric company Elsewedy Electric has contracted to build a 220-15/6.6kV high voltage distribution substation in the Democratic Republic of Congo. Elsewedy Electric for Transmission and Distribution of Energy signed the contract to the value of $38.8 million with the Societe Nationale de Electricite (SNEL) on 6 August, it said in a statement. The substation…

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Libya’s Waha oil fields repair work almost finished

Aug 11, 2020

Libya’s Waha oil fields have had work carried out on them to maintain the production and service facilities after they were offline for more than seven months due to an oil blockade, senior oil officials said Aug. 10. A media official at the Waha Oil Company, which operates the oil fields, confirmed to S&P Global…

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EBRD grants $50m for Engie wind project in Egypt’s Gulf of Suez

Aug 11, 2020

The European Bank for Reconstruction and Development (EBRD) has recently approved a $50 million loan for a 500 MW wind power project in the Gulf of Suez in Egypt. The project is led by a consortium formed by French giant Engie and Japanese Eurus Energy/Toyota Tsusho Corporation. Red Sea Wind Energy is receiving support from…

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Kenya’s Koru-Soin Dam construction to begin in September

Aug 11, 2020

Construction work is set to begin on the Koru-Soin multipurpose dam on River Nyando, in Kisumu in September this year. The dam will generate power at an associated 2 MW hydropower plant as well as address a number of water control needs. Erick Okeyo, the chairperson of the National Water Harvesting Storage Authority (NWCPC) made…

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Sasol sees loss with $6.3bn in writedowns, oil slump

Aug 11, 2020

Sasol Ltd. said it will swing to a full-year loss per share after writedowns on U.S. chemical assets contributed to 112 billion rand ($6.3 billion) of charges and oil prices declined. The South African fuel and chemical maker’s results for the year ended June 30 were “impacted by the Covid-19 pandemic and a severe decline…

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Namibian city to electrify business stalls

Aug 11, 2020

City of Windhoek Mayor Fransina Kahungu last week announced 103 stalls in, Khomasdal and Katutura have been earmarked for electrification for the 2020/21 financial year. She said the conversion of conventional electricity meters to prepaid meters will allow city council to reduce the current electricity debt, thereby increasing revenue in terms of pre-paid electricity usage.…

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Kenya Power, Safaricom partner on Bonga Points

Aug 11, 2020

Kenya Power has partnered with Safaricom to enable its customers pay for electricity through Bonga Points. Through the partnership, Kenya Power’s 7.1 million domestic customers can now redeem their Bonga Points to purchase tokens or pay for their bills at the rate of 20 cents per Bonga Point. The partnership gives customers an alternative wallet…

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ECOWAS to explore development of waste to energy projects

Aug 11, 2020

In the ECOWAS region, most countries face the challenges of municipal waste collection and disposal. While the municipalities continue facing the challenges of waste management, the urban populations continue to grow and thereby compounding the existing problems around waste management. The challenges of municipal waste management is characterised by the lack of adequate and sustainable…

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Zenith Energy provides update on Tunisia acquisition

Aug 11, 2020

Zenith Energy Ltd. announced that it has extended the duration of the non-binding Letter of Intent (LOI) signed with an Arab consortium of strategic institutional investors focused on African development opportunities, to provide an investment of $2 million in Zenith’s share capital for a period of 90 days (the Strategic Investment). For reference, the LOI…

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