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The Organisation of the Petroleum Exporting Countries and its Opec+ allies agreed an agenda for H2 2023 at the cartel’s 4 June ministerial meeting in Vienna.

Chinese engineering, procurement and construction contractor Sinohydro Corporation has started recruiting 700 construction workers for the Kinguélé Aval hydroelectric power (HEP) plant on the M’Bei River in Estuaire province.

Proparco, the private sector subsidiary of Groupe Agence Française de Développement (AFD), is investing $6m in E3 Capital’s Nairobi-headquartered Low Carbon Economy Fund.

South Africa’s $8.5bn Just Energy Transition Partnership is starting to take shape, with Eskom committing to decommission more than 20GW of coal by 2035 and promising more than $6.3bn to be invested in transmission upgrades. But there are also concerns about the direction of travel as the government separately considers adding new coal and gas capacity.

The addition of Senegal to the list of countries negotiating a Just Energy Transition Partnership (JETP) with G7 counterparties is an important diplomatic achievement for those countries in the developed world striving to keep the concept of just transition alive. It would have been difficult for the just transition concept to maintain its claims to moral credibility – that it is a viable route to justice in climate finance – if it could not find even one more African partner to sign up for a JETP.

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.

African Union and European Union leaders met for the sixth EU-AU Summit in Brussels on 17-18 February, co-chaired by European Council president Charles Michel and AU’s Senegalese chairman President Macky Sall. It had been three years in the making – due to Covid and other delays – and, as with previous summits, there was talk of huge financial flows, boundless co-operation and commitments to a future of inclusive development.

Despite fierce resistance from many resource-rich, infrastructure-poor African governments, 34 countries and five development banks committed to ending external funding for fossil fuel projects at the Cop26 summit. Dan Marks and African Energy staff ask whether the writing really is on the wall for natural gas projects

The latest round of UN climate talks was a triumph for its Moroccan hosts and provided an opportunity to show that a majority of global opinion backs efforts to counter global warming despite climate change denier Donald Trump’s victory in the US presidential election. Trump’s 8 November win sent a chill wind over the 22nd session of the United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP22) meeting.

African delegations are meeting in a massive and not yet fully prepared conference venue several days before COP26 officially opens, writes John Hamilton in Glasgow. The pre-sessional meeting of the African Group of Negotiators (AGN) is attempting once again to get the continent’s priority issues onto the global agenda, a few days before G20 leaders gather in Rome for what, in part, will be a pre-COP 26 assembly of developed nations and leading emerging markets.

Nigeria’s pledge of achieving net-zero by 2060, driven by the increased use of its gas resource and the assent of a new climate bill, is likely to require huge amounts of financing. But as developed nations turn their back on fossil fuels the plan could face a funding impasse.

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.

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. 

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

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.