Reps probe alleged loss of $2.4bn revenue from illegal sale of 48m barrels of crude oil
The alleged illegal sale reportedly led to a loss of $2.4 billion in revenue to the country.
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Tariffs must be addressed to activate the $3.4 trillion AfCFTA offers
“Ideally, AfCFTA should be fantastic for us as a country. For cable industry, we are seen as one of the industries in Nigeria that is already set up fantastically well. If you ask anyone, they will tell you that made-in-Nigeria cables are fantastic. But then, it will make sense that we are able to transcend beyond Nigeria. It will make sense that our members (Cable Manufacturers Association of Nigeria) are able to go into Ghana; are able to go into Ivory Coast; they are able to go into Senegal,” Adubi said.
Schneider Electric commemorates 1,189 days without LTI
Companies track LTI’s to provide their safety departments and management objective information about their internal safety programs
AFC expands Asian capital market footprint with US$160 million Kimchi loan facility led by Mizuho and Shinhan Bank
The successful closure of the 3-year Kimchi loan facility is a positive indication of Korea’s and more broadly Asia’s growing interest in infrastructure investment opportunities in Africa.
Power outage looms as truck hits TCN transmission tower in Abuja
The current restricted outage situation in parts of Abuja, is caused by a truck loaded with gravel that lost control and crashed into TCN’s 132kV transmission tower No 20, supplying bulk electricity to the 100MVA part of the Katampe Substation and 2x60MVA GIS Central Area Substation.”
AMEA Power completes US$1.1 billion deal to deploy 1GW of wind and solar energy in Egypt
The landmark 500MW wind and 500MW solar projects, represent US$1.1 billion of investment into the Egyptian economy and takes the Company’s clean energy portfolio to 2GW in the country.
African nations need to promote homemade solutions to be energy sufficient -CEO Munyax Eco Rwanda, Francine Munyaneza
We need to invest in research and the development for renewable energies on the continent. African Governments need to set own strategic framework that promote renewable energies. This should have a clear mechanism and regulations that support Renewable energy operators and reinforce their follow-up. Because some governments would establish strict regulations, and even track their implementations. However, on the other side to approve the tariff they are skeptical and want the tariff to be as low as possible which does not reflect the quality and compliance regulations for project execution. We need to promote homemade solutions; I mean African solutions.
The role of data in Africa’s energy transition –White paper
Organisations across Africa are looking to development banks, governments, NGOs and private sector investors to secure financing at scale to support their energy transition objectives.
Bauchi, Gombe fight over Kolmani oil and gas field
Officials and residents of the two states have also accused each other of attempting to appropriate the site which is said to contain one billion barrels of crude oil reserves and 500 billion standard cubic feet of gas.
Africa Energy Indaba: Accelerating energy infrastructure development in Africa
The upcoming Africa Energy Indaba is set to empower attendees with insights to leverage significant opportunities that will ultimately accelerate Africa’s energy infrastructure, subsequently transforming the continent into a competitive, industrialised global player.