The $5 billion Africa Energy Bank, set up by APPO and Afreximbank, will start financing projects in 2027 and become operational within weeks, APPO’s secretary general says.
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In the News
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In the NewsOil & Gas
Oil prices retreat as Hormuz shipping attacks meet US push to ease tanker sanctions
Brent fell about 1.6% to near $104 a barrel as Hormuz shipping attacks clashed with a US plan to ease sanctions on oil vessels.
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KEY POINTS Nigeria’s crude oil production rose to 1.72 million barrels per day in September 2026, marking the fifth consecutive month the country met its OPEC production quota, according to …
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KEY POINTS The Coalition for Good Governance, CGG, has praised the Nigerian National Petroleum Company Limited, NNPCL, for offering a ₦66-per-litre petrol discount, describing the initiative as a timely intervention …
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South Africa plans to procure 5 GW of gas-fired power and 4.6 GW of battery storage as the first allocations under its Integrated Resource Plan 2025.
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A solar initiative training displaced and host community youth in Cameroon’s conflict regions has been named a finalist in the UN SDG Action Awards.
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KEY POINTS The chairman of the West African Power Pool (WAPP) Executive Board, Sule Abdulaziz, has been unanimously re-elected for another three-year term, with a call for stronger financial commitments …
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KEY POINTS Dangote Petroleum Refinery and Petrochemicals has extended its initial public offering, IPO, by two weeks to give more investors in Nigeria and across Africa an opportunity to participate …
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Brent crude slipped toward $105 a barrel as prospects of Russian diesel supplies eased fuel worries, while Saudi attacks and Hormuz shipping risks limited losses.
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A $600 million Sankofa upgrade and a second Atuabo processing plant could cut Ghana’s reliance on costly fuels, but lower electricity bills are not guaranteed.