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Publication of the 500th issue provides an opportunity to look back at a few triumphs and many missed opportunities in the industries African Energy has covered since it was launched in 1998. Industry and financial trends have evolved, and sometimes returned to haunt stakeholders years after they were thought to be history. One constant has been the huge increase in the continent’s population, which means the UN target of universal clean energy access is constantly pushed into the distance.

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Project bulletin

State utility Uganda Electricity Generation Company Ltd (UEGCL) has synchronised the sixth and final unit of the Karuma hydroelectric power plant to the grid.

Uganda
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Project bulletin

Work has begun on the construction of a solar PV plant that will supply power to Glencore’s Rhovan vanadium mine and processing facility in South Africa’s Northern West province.

South Africa
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The British government’s indefinite postponement of the UK Africa Investment Summit from April suggests the Sunak administration’s domestic political calculations are now trumping strategic thinking on international relationships.  

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KenGen has requested consultants to provide project management and supervisory services for the 42.5MWac Seven Forks solar PV development.

Kenya
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Côte d’Ivoire’s three times oversubscribed $2.6bn dollar Eurobond issue underlines President Alassane Dramane Ouattara’s reputation for prudent economic management – a status that will add to pressures from supporters for ‘ADO’ to stand for a controversial fourth term – and offers some hope for under-pressure African borrowers who could benefit from renewed access to international capital markets and the relatively attractive interest rates CdI has secured.

Côte d'Ivoire
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The African School of Regulation (ASR) is expected to soon appoint a permanent director to succeed interim director Ignacio Pérez-Arriaga, who was appointed in July 2022. Officially launched in September 2023, with its headquarters at the African Capacity Building Foundation (ACBF) in Accra, ASR has in fact been running seminars and conferences with regulators across the continent for more than 12 months.

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African electricity markets are on the threshold of genuine reform in 2024, even if policy-makers’ grandest ambitions are destined to meet with disappointment. African Energy has examined the first data that has emerged from the third development phase of the African Union’s Continental Master Plan and found much to applaud.

Issue 498 - 08 January 2024

Vivo acquires Mayotte LPG firm Somagaz

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Africa-focused downstream giant Vivo Energy has finalised the acquisition of Indian Ocean liquid petroleum gas (LPG) player, Société Industrielle et Gazière de Mayotte (Somagaz). The move follows Vivo’s 2023 purchase of stakes in African LPG businesses in Namibia and Réunion.

Mayotte
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The final COP28 communiqué included – for the first time – a commitment to eventually phase out fossil fuels, going beyond previous declarations that focused on coal. However, there are few signs that Organisation of the Petroleum Exporting Countries (Opec) members and their Opec+ allies, led by Russia, have any intention of allowing their core source of revenues to disappear anytime soon. So what can we learn from recent statements by oil producers – including Opec+’s quota commitments at a meeting on 30 November – and from leaks and comments made during COP28?

Angola | Nigeria | Libya | Congo Brazzaville | Algeria
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Project bulletin

Nigeria's  Rural Electrification Agency (REA) has announced a construction start at two off-grid solar PV systems in the Federal Capital Territory, backed by $12.4m from the South Korean government.

Nigeria
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Project bulletin

Kenya's  Rural Electrification and Renewable Energy Corporation (Rerec) has commissioned the Mageta Island solar PV mini-grid in Bondo, Siaya county.

Kenya
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Independent power producer Momnai has started construction at two plants for Bamburi Cement.

Kenya
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UK independent Afentra said on 8 December it had completed the acquisition of a 14% interest in Block 3/05 and a 40% interest in Block 23 from national oil company Sonangol.

Angola
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State utility Namibia Power Corporation (NamPower) has called for expressions of interest (EoI) from consultants to provide transaction advisory services for the World Bank Group’s Namibia Renewable Energy Scale-Up Support Project (NRESUSP).

Namibia