The African Development Bank (AfDB), which has extended billions of rands in loans to Eskom, says it is optimistic the actions being taken to turn around the embattled South African power utility will bear fruit.
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Egypt’s oil and gas future looks very bright. The large scale concessions awarded during the EGYPS2019 conference in Cairo, 11-13 February, shows the appetite of IOCs, such as Shell, BP and ENI in this emerging energy hotspot.
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Malawi and Mozambique have secured 20 million euro (about K15 billion) from multilateral lending institutions for the implementation of the power Interconnection project, a move expected to help solve energy woes facing the county.
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Zambia’s mining investment arm ups stake in Copperbelt Energy Zambia’s state mining investment arm is increasing its shareholding in Copperbelt Energy Corporation (CEC) by four percent, its CEO said on Monday.
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After a year of rebound and recovery, Africa’s old and new hydrocarbons markets have an opportunity to further entrench the continent’s position as the world’s hottest oil and gas frontier in 2019.
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South Africa is aiming to finalise a long-term plan for the country’s energy mix next month, and once that is done it will launch another round of renewable energy deals, Energy Minister Jeff Radebe said on Wednesday.
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Eskom spokesman Khulu Phasiwe confirmed that the company had approved the reorganisation of the top management structure.
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Ivory Coast plans to add 643 megawatts (MW) of power to its network by 2021, the government said, in a bid to meet domestic demand and boost electricity exports to the surrounding region.
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Kibo Energy PLC (Kibo) the multi-asset, Africa focused energy company, has renewed and expanded its Memorandum of Understanding (MoU) with Mozambican state-owned electric utility, Electricidade de Mocambique (EDM), to advance the financing, construction and operation of the Benga Independent Power Project (Benga) in Mozambique.
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The concession contract for the Hidroeléctrica de Cahora Bassa (HCB) hydroelectric facility was extended for another 15 years under a government-approved decree on Tuesday, the spokeswoman for the Mozambican Council of Ministers announced.
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