Energy

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19 stories
Africa’s Renewable Energy Pipeline Is Starting to Outpace Fossil Power

Renewable energy is moving from climate ambition to infrastructure reality across Africa, with solar and wind projects gaining ground because they are faster to build, easier to finance and less exposed to imported fuel shocks.

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Eskom’s Nuclear Funding Talks Test Africa’s Development-Finance Appetite

South Africa’s reported nuclear-expansion talks with the World Bank and other funders are not yet a financing deal, but they raise a larger question for Africa: who will pay for reliable, low-carbon baseload power?

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Oando Records ₦210 Billion Profit in Nine Months — Up 164% as Production Surges and NAOC Assets Deliver Growth

Oando PLC posts ₦210 billion profit for the first nine months of 2025—a 164% increase year-on-year—driven by NAOC asset gains, higher production, and strategic financing moves, reaffirming its position as Nigeria’s leading indigenous energy group.

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AFC-Backed Infinity Power Reaches Financial Close on 200MW Ras Ghareb Wind Farm in Egypt

Africa Finance Corporation’s portfolio company Infinity Power has achieved financial close on the 200MW Ras Ghareb Wind Farm in Egypt, securing $153 million in financing from EBRD, Proparco, and JICA. Once complete, the project will power 300,000 homes and cut 390,000 tonnes of CO₂ annually.

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Mission 300: Can Africa really connect 300 million people to power by 2030?

With almost 600 million people in Sub-Saharan Africa still lacking electricity, Mission 300 has become the region’s most closely watched effort to close the access gap by connecting 300 million people by 2030. The initiative, led jointly by the World Bank Group and the African Development Bank Group, targets 250 million connections via the World Bank and 50 million via […]

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GOIL to Commission 12,000 Metric Tons of LPG Storage Capacity in Ghana

CAPE TOWN, South Africa – October 7, 2025 — GOIL PLC, Ghana’s leading oil and gas marketing company, has announced plans to commission an additional 12,000 metric tons of liquefied petroleum gas (LPG) storage capacitywithin the next year. The $50 million investment forms part of the company’s broader strategy to enhance energy security and bridge infrastructure gaps in […]

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