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Rand Merchant Bank (RMB) has acquired a stake in Ubiquity Energy, owner of electricity trading platform Energy Exchange of Southern Africa.

South Africa
Free

Legal protests are under way, but in all likelihood president-elect Bola Ahmed Tinubu will take over the Aso Rock Presidential Villa following their inauguration, scheduled for 29 May.

Nigeria
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National Energy Regulator of South Africa (Nersa) on 10 March approved an 18.65% increase in Eskom’s electricity tariffs for standard customers from 1 April and an 18.49% increase for municipalities from 1 July.

South Africa
Free

Its wealth of renewable energy resources, availability of land and proximity to markets mean Africa holds the key to Europe’s vision of a net zero future based on green hydrogen (GH2) use. The manufacture of carbon-free liquid fuels could also transform the continent, but project sponsors, financers and offtakers need to ensure this is done fairly, while contributing to economic and social development. The establishment of the European Hydrogen Bank can be a crucial step in that direction.

Free

Madrid-headquartered Ric Energy has completed a 1.4MWp/4.5MWh solar PV mini-grid in Mzuzu in Malawi's Northern Region.

Malawi
Free
Project bulletin

Commissioning of Serengeti Energy’s Nkhotakota solar PV plant (Nkhotakhota 1) is under way.

Malawi
Free

African nations, the governments of partner countries, international financial institutions (IFIs) and private investors are increasing their commitments to achieving universal energy access, the seventh of the United Nation’s sustainable development goals (SDG7). But the prospects of reaching the SDG7 target by 2030 are receding as population numbers continue to rise. A daunting amount of work remains to be done if SDG7 is to be achieved. In a newly published report commissioned by the Africa-EU Energy Partnership (AEEP), Cross-border Information – the parent company of African Energy – has analysed financial flows towards SDG7 over the past seven years and their estimated potential trajectories to 2030 and beyond.

Free

Saipem chief executive Alessandro Puliti has announced the date he expects onshore work to “gradually restart” for the TotalEnergies-operated Mozambique Liquefied Natural Gas (MLNG) project.

Mozambique
Free

Shareholders in London AIM-listed Wentworth Resources have approved a $73.4m takeover by French independent Maurel & Prom (M&P). Some 75.26% of shareholders voted in favour across two polls; a 75% vote was required.

Tanzania
Free

Toronto Stock Exchange-listed NextSource Materials said on 21 February that it was approaching first production at its Molo graphite project, having completed the processing plant.

Madagascar
Free
Project bulletin

The delayed 5MWp Unisun Energy Okatope Solar PV plant has started operations, Namibia’s Electricity Control Board manager for economic regulation, Pinehas Mutota, told African Energy.

Namibia
Free

South Africa’s political and electricity supply industry (ESI) crisis has entered a new phase, after embattled President Cyril Ramaphosa was compelled to declare a National State of Disaster, as pressure intensifies on ruling African National Congress (ANC) bureaucrats to end the long-enduring energy catastrophe, which has shaved percentage points off growth.

South Africa
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Africa Oil Corporation (AOC) said the farm-in process for Block 3B/4B offshore South Africa is advancing, with the aim of securing a new partner by end-Q1 2023. The Vancouver-based company has described Block 3B/4B as “on trend” with the Venus and Graff oil discoveries made by TotalEnergies and Shell in Namibia’s Orange Basin in early 2022.

South Africa
Free

The International Monetary Fund (IMF)’s latest World Economic Outlook (WEO) Update, issued at the end of January, underlines China’s importance both globally and for an African continent where it has made considerable efforts to build political relations and infrastructure, in order to secure resources vital to its domestic growth.

Angola | Nigeria | South Africa
Free

Under instructions from President Abdelmadjid Tebboune, Algerian state utility Sonelgaz sent a “highly qualified” mission to Cuba on 19-25 January to study a solar generation project in Havana.

Algeria