Month: October 2025

  On the back of its multi-year licensing round launched in 2019, Angola is positioned to award 60 concessions by the end of 2025. Speaking at African Energy Week: Invest in African Energies 2025, Alcides Andrade, Executive Administrator at the National Oil, Gas&Biofuels Agency (ANPG), explained that the country has already reached its target of awarding 50 concessions through its annual licensing drive and direct negotiation program and is now […]

  Employees of over 100 Congolese companies received training in the African Development Bank’s rules (www.AfDB.org) and procedures during an information and awareness seminar held in Brazzaville on 24 September 2025. The event forms part of the preparations for the Bank Group's Annual Meetings scheduled to take place in Brazzaville in May 2026. "The main objective of the seminar is to raise awareness among companies operating in the Republic of […]

  Angolan independent etu energias has finalized a structured disbursement agreement to finance capital expenditure and development activities for its 7.5% participating interest in Block 17/06, home to the Begonia project.  The agreement was signed by Edson Dos Santos, CEO, etu energias; Matthew Thomas, Senior Relationship Manager – Structured Debt, Mauritius Commercial Bank (MCB); and Vianney Faucheur de Battisti, Head of Structured Trade Finance, New Ventures, TotalEnergies Trading SA at […]

  Renaissance Africa Energy – a consortium of five energy companies – has announced it is seeking partners to help grow its portfolio and drive oil and gas development in Nigeria.   The announcement was made by Tony Attah, Managing Director and CEO of Renaissance Africa Energy during a briefing at African Energy Week (AEW): Invest in African Energies 2025.    “We are born in Nigeria and made for Africa,” Attah […]

  Mauritania has signed its first independent power producer contract, a $300 million agreement with Iwa Green Energy to develop a 60-megawatt hybrid solar-wind power plant. The project marks a milestone in the country’s drive to expand electricity generation through private financing while accelerating its transition to renewables. The facility, scheduled to come onstream in September 2026, will boost Mauritania’s installed capacity of about 450 megawatts. "This project with private […]

  The African Development Bank’s Office of Integrity and Anti-Corruption (PIAC) (www.AfDB.org) and the Special Investigations Unit (SIU) of South Africa have signed a Memorandum of Understanding establishing a framework for cooperation between the two organizations for information sharing and capacity building. The agreement was signed on 3rd July 2025, in Pretoria, South Africa, at the premises of the Special Investigations Unit. The signing ceremony was attended by high-level SIU […]

  Rhino Resources has made a significant discovery at the Volans-1X well in Namibia’s Orange Basin, CEO Travis Smithard confirmed on Wednesday at African Energy Week (AEW): Invest in African Energies 2025. The well encountered a 26-meter reservoir with high-quality fluid measuring approximately 40° API, indicating a rich gas condensate accumulation. Smithard described the find as “incredible,” noting that it further enhances Namibia’s appeal as an oil and gas destination. […]

  Key representatives of Africa's private sector welcomed the prospects of a fresh start with the African Development Bank Group (https://AfDB.org/) in Abidjan on Tuesday, at a groundbreaking meeting with its President, Sidi Ould Tah. "We would like to take this opportunity to express our satisfaction at this renewed relationship with the African Development Bank Group. We hope that this dialogue will rapidly develop into a strategic partnership with African […]