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The Opec Fund for International Development (Ofid) is expanding its Energy Compact partnership with Sustainable Energy for All (SEforALL) to accelerate access to clean cooking, with a focus on sub-Saharan Africa. 

Arguments are intensifying over climate justice, the very meaning of climate finance, the role of gas as a transition fuel and – most of all – money. The combination of which means a ‘just energy transition’ that enables African nations to meet economic development targets seems a long way off.

AIM-listed Chariot has appointed Société Générale’s London branch as its financial advisor to develop debt funding options for the offshore Anchois gas development in Morocco. 

Toronto Stock Exchange (TSX)- and London AIM-listed Mkango Resources is planning three solar PV plants at its Songwe Hill mine. The $311m rare earths project has an estimated 18-year life-of-mine.

The government plans to unveil an implementation plan for the $8.5bn Just Energy Transition Partnership (JETP) at the COP28 climate summit, which is due to take place in Dubai in November/December.

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.

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.

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

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.

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.

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.

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

An AfDB grant-funded project will rehabilitate and expand electricity provision in Bossaso city as Somalia looks to boost electricity provision.

A report prepared by the Petroleum Revenue Special Taskforce was leaked to the press in late October, claiming that $29bn has been swallowed by a natural gas price-fixing scam – allegedly involving Total, Eni, Royal Dutch Shell and state officials – while $6bn/yr was said to go missing annually due to oil theft. Oil minister Diezani Alison-Madueke declined to comment on the report.

Central Bank of Nigeria governor Lamido Sanusi’s crackdown on five prominent banks over alleged abuses, including ramping up share prices and building non-performing loans on transactions involving ‘big men’ cronies, has brought a much-need reality check to the sector.