In the News

Citgo auction heats up as Carl Icahn-backed CVR Energy and creditor groups compete for control, amid unresolved Venezuela debt claims.

The JSE fines Eskom R3-million for failing to comply with debt listing requirements, emphasizing transparency and governance.

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.

New funding will help ESCOM construct a 132kV transmission line in Malawi, improving power supply and infrastructure.

Kenya will begin producing electric SUVs next month, creating 3,000 jobs. The Afrigreen and Chery partnership marks a significant step in the EV market.

Hess shares drop significantly due to a new delay in its sale to Chevron, with arbitration pushing the merger timeline to late 2025 and impacting investor confidence.

OPEC+ keeps its current oil output policy unchanged, hinting at a possible pause or reversal of planned production hikes in October to stabilize the market.

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

Zero Carbon Logistics and SANY to build electric truck charging stations on the N3 route.

Kenya’s Last Mile Connectivity Project receives JICA grant to connect more households to electricity.