Motoni Olodun

Innovative financing models and supportive policies are accelerating renewable energy development in Africa, helping to overcome barriers and drive sustainable growth.

The South African government allocates $613 million in grants to support projects under its Just Energy Transition plan, focusing on renewable energy and community development

South Africa’s R390 billion grid backlog demands dedicated funding for NTCSA to modernize infrastructure and ensure reliable electricity for economic growth.

Libya’s El Sharara oil field sees reduced production due to operational and security challenges, reflecting ongoing instability in the region

Nigeria’s new CNG initiative, led by President Tinubu, aims to save up to N2 trillion monthly on fuel costs, transitioning to cleaner and cheaper energy sources.

The African Development Bank has approved a $500 million loan to boost electricity access in Nigeria, focusing on infrastructure upgrades and renewable energy projects to address chronic power shortages.

Eskom races to meet the November deadline to recode prepaid electricity meters, ensuring continued service for South African users.

Nigeria ends the oil-for-naira market, adopting a transparent system for crude oil sales. The reform aims to improve transparency and attract investment in the oil sector

South Africa’s Energy Minister urges grid regulations to prioritize shovel-ready projects, aiming to expedite energy infrastructure development and address urgent needs.

Oil prices rise due to escalating Middle East tensions, with concerns over supply disruptions driving Brent crude above $85 per barrel. Analysts watch closely for further developments.