A fire outbreak was reported at Zesco’s Northmead sub-station, indicating a significant development for Lusaka’s power supply. The fire incident at the Northmead sub-station has affected the power supply in Lusaka, raising concerns about potential disruptions and the necessary actions to address the situation. The Northmead Sub-Station is vital for maintaining uninterrupted electricity supply in…
OPEC’s Early Assessment on oil and fuel Demand Growth for 2025, unveiled in January 2024, anticipates a rise of 1.85 million barrels per day, reaching a total of 106.21 million barrels per day, driven by a robust global economic recovery and sustained activity in China. Moreover, OPEC’s early assessment foresees a robust 1.85 million barrels…
The Government-to-Government(G2G) oil agreement, between the Kenyan government and three Gulf state-owned companies, allowed Kenya to import oil on credit, delaying payments to international suppliers by six months. Designed to alleviate dollar demand and strengthen the Kenyan shilling, the oil agreement has faced criticism for its role in retail price increases, irregular supplies, tax losses,…
In line with the vision of a united African energy future, the Continental Power System Masterplan (CMP) is a comprehensive initiative. It involves over 100 African stakeholders working to establish a fully interconnected power grid for the continent. It addresses the electricity deficit by promoting the well-balanced sharing of affordable, reliable, and clean energy resources….
Shell, a British-Dutch multinational, is selling its shell nigeria onshore oil and gas business for $2.4 billion. This aligns with Shell’s broader plan to exit onshore oil production in the challenging Niger Delta region. The sale signifies a significant shift for Shell, aligning with the company’s aim to simplify its portfolio and prioritize deepwater and…
Natacha Emilien, Deputy Group CEO of CSI Energy Group, advocates for a ‘just’ energy transition in Africa, balancing economic, environmental, and social aspects. Her leadership emphasizes diversity and supports female entrepreneurship through initiatives like investing in women-led businesses in the energy sector. Natacha Emilien, Deputy Group CEO of CSI Energy Group and an impact entrepreneur…
In the buzz of Africa’s largest oil refinery, Aliko Dangote’s significant investment in Nigeria is making waves across the continent. With the colossal facility set to produce 650,000 barrels of crude oil daily, its impact is expected to reach beyond Nigeria. Inaugurated on May 22, 2023, in Lekki, Nigeria, the Dangote Refinery is Africa’s largest…
In Kenya’s dynamic energy sector, a recent spike in electricity prices, declared by the Energy and Petroleum Regulatory Authority (EPRA), has triggered a 16.5% overall increase. With an 8.7% rise in the energy charge (now at Sh4.33 per unit) and an 18.7% hike in the fuel energy charge (now at Sh4.94 per unit). The recent…
Ghana is grappling with persistent power challenges, commonly referred to as “Dumsor,” despite substantial investments to enhance electricity access for 80% of the country’s population. The West African Gas Pipeline Company Limited (WAPCo) reportedly halted gas transportation to Tema and Western power enclaves on Tuesday at 5 pm due to a $20 million debt owed…
The Department for Mineral Resources and Energy in South Africa has recently announced significant reductions in fuel prices, offering relief to motorists and benefiting consumers dependent on transportation with decreased petrol and diesel costs. This 2024 dip in fuel prices underscores the necessity for sustainable solutions and a transparent review of the petrol fuel prices…