African News

Libya’s NOC confirms security breach on Sharara oil field

Jan 10, 2019

Libya’s National Oil Corporation (NOC) confirmed that the Sharara oil field started off the new year with a breach. The breach on January 1, was the third such incident in a week. An inspection team reported the theft of key operational equipment, including transformers and cables from several wells. The incident reduces Sharara’s output by…

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Tanzanian isles record success in rural electrification

Jan 10, 2019

Electricity has reached almost every village, after a successful project, implemented last year to connect more villages and small islands to the national grid. Zanzibar Electricity Corporation authorities say the success to have more villages connected to electricity was driven by commitment to respond to the growing demand for power by people and the implementation…

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Thousands of job cuts loom at Eskom

Jan 10, 2019

In a bid to cut costs, South Africa’s power utility, Eskom, could extend its strategy of trimming top executive positions to include lower ranking managers and general workers. A source revealed to Bloomberg that at least 10,000 people on Eskom’s payroll of 48,600 could lose their jobs. According to a 2016 World Bank study, South…

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ElectriFI, REDAVIA sign $2m solar finance deal in Ghana

Jan 9, 2019

The Electrification Financing Initiative (ElectriFI) has entered into a USD-2-million (EUR 1.74m) financing agreement with solar firm REDAVIA to support the latter’s expansion in Ghana’s commercial and industrial (C&I) sector. This investment will aid the development of some 15 MWp of photovoltaic (PV) arrays for C&I off-takers such as educational institutions, agro-foods processing and manufacturing…

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Kenyan govt seeks to install solar PV plants

Jan 9, 2019

The government of Kenya has received a credit from the International Development Association (IDA) and grants under Scaling Up Renewable Energy in low income countries under the Strategic Climate Fund Grant towards the cost of Kenya Electricity Modernisation Project (KEMP). It is intended that part of the proceeds of this credit and SREP grants will…

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Romainville Island solar park set to save Seychelles $1m

Jan 9, 2019

The solar park located on Romainville Island in the Seychelles is set to save the government revenue that would otherwise be spent on the import of petroleum products. The solar park will save the country $1 million a year in energy expenses. According to Laurent Sam, the energy engineer of the Public Utilities Company (PUC),…

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AFC seals financing deal for Ivory Coast’s SIR oil refinery

Jan 9, 2019

Africa Finance Corporation announces it has successfully closed a €577Million debt financing for Société Ivoirienne de Raffinage (SIR) of Côte d’Ivoire. AFC’s participation was for €192Million. The corporation was Sole Mandated Lead Arranger for the transaction. The purpose of the Facility is to repay historical obligations on crude supply, provide a long tenured facility and…

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Ugandan solar power park to be connected to grid

Jan 9, 2019

UK-based energy solutions provider, Great Lakes Africa Energy (GLAE), announced the completion of the development of the 24MW Kabulasoke solar power park in Uganda. According to the Capital FM, GLAE has been acting as the lead financial and technical investor and forms part of the consortium comprising Uganda’s Xsabo Power Limited. The solar power project…

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Tanzania’s Tanesco receives more gas for power generation

Jan 9, 2019

PAN African Energy Tanzania Limited (PAET) has started to pump additional gas that will allow Tanzania Electric Supply Company Limited (TANESCO) to generate electricity power to meet emerging demand. This move comes after the PAET inked down a short-term sales agreement with the Tanzania Petroleum Development Corporation (TPDC) and TANESCO for the immediate supply of…

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Sapura Energy awarded new contracts in Angola and Malaysia

Jan 8, 2019

Malaysia’s Sapura Energy has been awarded new contracts and contract extension in Angola and Malaysia with a combined value of approximately RM760 million ($184.8M). The contracts were awarded to Sapura’s wholly-owned subsidiaries for drilling and engineering & construction services. In Angola specifically, Sapura Energy Angola LDA has been awarded a contract for the provision of…

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