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Toronto-headquartered Tantalex Lithium Resources' United Cominiere SAS subsidiary has started to commission an alluvial tin and tantalum plant in Manono.

The agreement for Senegal to become only the second African economy to secure a Just Energy Transition Partnership (JETP) has the potential to salvage the climate financing framework’s credibility, which appeared to be flatlining.

The agreement for Senegal to become only the second African economy to secure a Just Energy Transition Partnership (JETP) hinges on Dakar being allowed to push ahead with natural gas and other thermal energy projects. This will allow the government to continue with its ambitious gas-to-power (GTP) plans.

Nigeria’s Starsight Energy and South Africa’s SolarAfrica said on 1 August they had completed their merger deal, first announced in September 2022. The deal creates one of Africa’s largest renewable energy-focused commercial and industrial players.

Tanzania Electric Supply Company (Tanesco) has recorded its highest annual surplus since the state utility was founded in 1964. Tanesco said it had connected 504,000 new households during the 12 months to 30 June 2022, a 21% increase from FY 2020/21 and another record for the company

President Bola Ahmed Tinubu has ticked a lot of the right boxes for those hoping Nigeria will at last tackle the thorny problems that have hobbled the country’s economic and political prospects. In some respects, he has moved even more quickly than even those close to his transition team expected, in response to the deterioration of key indicators during his predecessor Muhammadu Buhari’s two terms. 

Analysis of procurement trends recorded on the African Energy Live Data platform shows that capacity procured through competitive auctions should add at least 15.1GW by 2027, with solar and natural gas adding an estimated 4.4GW and 4.3GW respectively, while wind and hybrid power will also make significant additions to the continent’s generation mix, writes Ajay Ubhi.

Lagos-headquartered commercial and industrial (C&I) developer Rensource has closed a $15m debt finance facility with Afrigreen’s Debt Impact Fund.

The state-owned Saudi Fund for Development (SFD) has agreed a $20m concessional loan to upgrade transmission and distribution (T&D) infrastructure in the Kamonyi district of Rwanda.

Casablanca-headquartered infrastructure investor Africa50 is seeking $500m for the first close of its Infrastructure Acceleration Fund (IAF), launched at its 3 July shareholders’ meeting in Lomé.

Geregu Power has to date paid NGN8.8bn ($10.8m) to Italian company Ansaldo Energia for repairs to gas turbines at the Geregu gas-fired power plant in Ajaokuta, Kogi state.

Australia Securities Exchange (ASX)-listed Walkabout Resources has finalised a senior debt facility with London-headquartered energy and commodities investor Gemcorp.

Considerable attention has focused on critical or transition minerals, along with rare earths, as the world moves to decarbonise. Although frequently conflated, these minerals have distinctive – and contingent – definitions. African Energy provides a primer.

London AIM-listed Sound Energy has secured a provisional deal for Calvalley Petroleum to take a 40% stake and provide funding for its two-phase onshore Tendrara gas project. Sound has also lined up a debt financing package for Tendrara phase 2, led by Casablanca-based Attijariwafa bank.

A novel debt restructuring deal between Zambia and its bilateral creditors should pave the way for Lusaka to finally receive new assistance from the International Monetary Fund (IMF) and, in time, move beyond its debt defaulting status with credit ratings agencies. The deal could help to relieve pressure on debt-stressed state utility Zesco but, as so often, the devil resides in the detail and some significant elements have yet to be put in place, including a critical agreement with private creditors that could involve further tough negotiations with Beijing.