AU Commissioner Amani Abou-Zeid highlights financing challenges and strategies for renewable energy investment in Africa at COP29 dialogue.
In the News
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Trading giants Trafigura and Gunvor have been on a buying spree in the Brent crude oil market, driving prices to their highest level since the benchmark’s methodology changed in 2023. Their activity underscores the critical role Brent plays in setting global oil prices. However, recent buying has also sparked concerns around the future of the benchmark as the oil market continues to evolve.
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SolarAfrica Energy breaks ground on the SunCentral solar farm, set to significantly bolster South Africa’s renewable energy capacity.
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As heat waves increase, can renewable energy sustain our cooling needs? Explore the challenges and solutions in integrating renewables into our energy systems.
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Liberia secures World Bank funding for solar and hydropower projects, significantly boosting the nation’s energy capacity and infrastructure.
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The US Senate Budget Committee is investigating domestic oil producers for potential illegal coordination of oil prices with OPEC, raising concerns about market manipulation.
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Oil prices defied expectations on Thursday, climbing due to worries about potential disruptions to global crude supply caused by geopolitical tensions in the Middle East and Europe, even though U.S. crude oil inventories unexpectedly increased.
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During an early morning patrol on June 23rd, 2023, security operatives uncovered a bunkering camp in Bayelsa state, implicating Amotoi Global Services Limited in illicit oil activities
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Africa50 and IRENA have pledged $100 million to support renewable energy projects in Africa, aiming for sustainable development and enhanced energy access.
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Stability in legislative frameworks is highlighted as essential for fostering investments in South Africa’s renewable energy amid governmental changes.