Efforts to mitigate oil spill risks in the Niger Delta focus on prevention, technology, and community involvement to protect the environment
Government
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Africa Investment Forum secures $29.2 billion in commitments, attracting global investors and exceeding initial targets across key sectors.
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Energy TransitionGovernmentIn the NewsMarkets
EU, U.S. Work Together to Navigate Gazprombank Sanctions Impact
The EU and U.S. are collaborating to manage the sanctions impact on Gazprombank, navigating energy trade challenges and seeking solutions
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Biden announces $600 million for Angola’s Lobito Corridor, boosting African trade infrastructure and countering China’s Belt and Road Initiative.
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South Africa’s reduced load shedding has slowed demand for SSEG solutions. Experts urge government action to incentivize the solar energy market.
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GovernmentOil & Gas
AfDB Approves $162 Million Loan to Boost Angola’s Economic Diversification and Resilience
AfDB approves a $162.76 million loan to diversify Angola’s economy, strengthen governance, and support inclusive, climate-resilient growth.
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OPEC+ faces a tough decision on easing production cuts as non-OPEC oil growth, especially from the U.S., complicates the group’s strategy
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Trafigura faces trial over bribery charges in Switzerland and mounting financial losses in Mongolia linked to fraud by employees
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OPEC Fund provides $40 million in sustainability-linked financing to strengthen African agriculture, supporting 600,000 farmers and boosting food security.
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Key Points As part of a comprehensive plan to improve its oil production capacity and energy infrastructure, Colombia’s 75% state-owned energy corporation, Ecopetrol, said Friday that it will invest between …