Ramokgopa Calls for Urgent Action on Johannesburg’s Energy Crisis

Ramokgopa Calls for Urgent Action on Johannesburg’s Energy Crisis

South Africa's Minister of Electricity and Energy, Kgosientsho Ramokgopa, has called for urgent action to tackle Johannesburg's growing energy crisis and financial issues. In talks with mayor Dada Morero, he highlighted problems like declining municipal revenues, the rising 6.3-billion-rand Eskom debt, and billing disputes between City Power and Eskom. Addressing the media, Ramokgopa said it was crucial to resolve these issues internally before seeking court intervention:

November 12, 2024 21

Africa

Nigeria’s National Grid Experiences Ninth Collapse of the Year

On Tuesday, Nigeria’s national grid suffered a partial collapse, leading to widespread power outages. According to Reuters, the Transmission Company of Nigeria reported that a disturbance at 12:52 GMT, triggered by line and generator trips, destabilized the system. Although power was restored in areas like Abuja, outages continued in other parts of the country.

November 6, 2024 7

Africa

Nigeria’s Dangote Oil Refinery Holds 500 Million Litres of Petrol

Nigeria's Dangote oil refinery possesses a reserve of 500 million litres of petrol, according to its billionaire founder, refuting assertions from marketers that they require additional imports to address fuel shortages. CNBCAfrica indicates that, in response to the situation, Nigeria's President, Bola Tinubu, convened a meeting on Tuesday in Abuja with oil regulators, the head of the state-owned NNPC, the finance minister, and Aliko Dangote.

October 31, 2024 6

Business / Economics

NAMCOR Partners with SLB to Enhance Energy Collaboration

The National Petroleum Corporation has signed a memorandum of understanding with global energy technology firm SLB. This partnership aims to strengthen collaboration in the energy sector, focusing on sustainability, decarbonization, and exploring new energy opportunities.Paulo Coelho: NamCor's Manager Of Marketing, Communications, and Public Relations.

October 4, 2024 24

Business / Economics

Financial restructuring strengthens NAMCOR’s performance

The National Petroleum Corporation of Namibia has given an update on its efforts to become a leading energy company. According to Paulo Coelho, Manager of Marketing, Communications, and Public Relations, Namcor is focusing on financial restructuring, improving operations, and accountability to strengthen its performance.

October 2, 2024 33

Business / Economics

Public interest grows following recent offshore oil discoveries

The Namibia Petroleum Operators Association hosted a press seminar to help the public better understand the country’s oil and gas industry. Recent offshore discoveries have increased public interest, making it important to provide clear and accurate information. NAMPOA Chairperson and BW Kudu Country Chairperson, Dr. Klaus Endresen, spoke about the economic challenges that the sector is facing.

September 24, 2024 46

Africa

Dangote’s bid buy crude in Nigerian currency approved

Nigeria's government has approved the sale of crude oil to the Dangote refinery in the local currency, the Naira. The government asked the state-owned oil company, Nigerian National Petroleum Company Limited to sell the crude to Dangote and other refineries with immediate effect. The decision puts an end to the dispute between Dangote refinery and oil regulators over crude supply. Reuters reports that the $20 billion Dangote refinery, Nigeria's […]

July 30, 2024 20

Local

Letshego Namibia appoints Tatenda Malunga as digital transformation and business support manager

Letshego Holdings Namibia is pleased to announce the appointment of Tatenda Malunga as its new Digital Transformation and Business Support Manager. With over ten years of experience in IT consulting across sectors like government, energy, finance, state-owned enterprises, and tourism, Malunga brings extensive expertise in digital transformation strategies, IT consultancy, and business analysis. In her spare time, Malunga enjoys playing club volleyball and running her own jewelry […]

July 12, 2024 40

Business / Economics

Oil discoveries make Namibia a top business travel destination

Oil and gas discoveries in Namibia are transforming the country into a high-end business travel destination from a tourist locale for a South African airline. Bloomberg Africa reports that Total Energies SE and Shell Plc have found an estimated 11 billion barrels of oil reserves in Namibia, in what is touted as potentially the biggest-ever deep water find. Namibia has yet to produce crude or gas but has become an […]

July 4, 2024 48