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Lagos-headquartered multilateral the Africa Finance Corporation (AFC) has set out its stall as a financier and partner for the continent’s energy transition, with a strategy to support renewable energy and critical minerals projects around the continent, as well as the development of battery manufacturing supply chains. The AFC also plans to continue supporting short- to medium-term energy needs by backing upstream and midstream gas projects and gas-to-power (GTP) developments. Marc Howard spoke to AFC executive director and chief investment officer Sameh Shenouda during the recent Africa Energy Forum in Nairobi.

DR Congo | Sierra Leone | Nigeria | Djibouti | Guinea | Zambia | Gabon | South Africa | Côte d'Ivoire
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The 1,290km Lobito corridor is being lined up for some $250m in financing from the United States’ Development Finance Corporation (DFC) and, reflecting the tone of recent US (re-) engagement with the region, the White House has also mooted an expansion of the Lobito corridor to the Tanzanian coast.

DR Congo | Angola | Tanzania
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The Ministry of Hydrocarbons’ mid-May roadshow event in London was an effort to firm up international interest in a string of blocks across central DR Congo and along its eastern border. In a problematic region, one big element for success could hinge on linking any finds into export infrastructure due to be built in neighbouring Uganda.

DR Congo
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Copperbelt Energy Corporation (CEC) managing director Owen Silavwe has outlined hopes for the private utility to reach an agreement with Konkola Copper Mines (KCM) over outstanding debts of $192m. CEC has also set a target date for the commissioning of its 60MW Itimpi solar plant and provided an update on its DR Congo plans.

DR Congo | Zambia
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The International Monetary Fund has trimmed its economic growth expectations for sub-Saharan Africa in its latest World Economic Outlook to 3.6% for 2023. Low-income countries are expected to outperform most of their richer neighbours, but some analysts have warned the IMF is being overly optimistic.

DR Congo | Angola | Chad | Nigeria | Uganda | Ethiopia | Gabon | Senegal | Côte d'Ivoire
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Lagos-headquartered Royal Power Energy (RPE) is planning to expand out of its home market and into Democratic Republic of Congo (DRC), as it seeks to exploit opportunities stemming from the rising demand for electricity from mobile phone network providers.

DR Congo | Nigeria
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Project bulletin

Goma-based renewables developer Nuru has raised $1.5m from Nairobi-headquartered investor E3 Capital, the United Kingdom’s Renewable Energy Performance Platform (REPP) and Agence Française de Développement subsidiary Proparco.

DR Congo
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Amea Power executive chairman and founder Hussain Al-Nowais in late February provided a detailed insight into 11 of the Dubai-based developer’s projects under development in African markets.

Egypt | DR Congo | Burkina Faso | Morocco | Togo | Tunisia | Côte d'Ivoire
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Symbion Power is developing a 60MW biogas-to-power independent power project (IPP) on Lake Kivu in the Goma region. The scheme – which promises a total investment of $300m – will use methane from the Makelele block, which was awarded to Symbion’s local subsidiary Renewable Energy Developments (RED) in January as part of a wider DRC upstream bid round.

DR Congo
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Democratic Republic of Congo’s huge resource base, and desperate need to cater for one of the world’s fastest-growing populations, are exciting potential investors, encouraged by President Félix Tshisekedi’s claims to be presiding over improved governance. But claims to significant progress are questionable as a controversial presidential election beckons, conflict stalks eastern DRC and criminality dogs efforts to overhaul power and other sectors, write François Misser and Jon Marks.

DR Congo
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Electricity theft in South Kivu – where it is especially prevalent – is called dahoulage, derived from the Mashi word kudahula, which means taking fire from a neighbour’s home to light one’s stove. Wires may be connected to state utility Société Nationale d’Électricité (Snel)’s high-voltage cables for distribution between neighbours to connect illegal lines to their homes, reselling them electricity at a flat rate, sometimes from homes converted into illegal electricity supply cabins.

DR Congo
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A $120m development of three ‘metro-grids’ in Democratic Republic of Congo, including 19MWp of solar PV and 60MWh of battery storage is moving ahead. UK-based consortium leader Gridworks told African Energy it is also eyeing the potential for small hydroelectric power plants, following its recent investment in Nairobi-based Virunga Power, writes Marc Howard.

DR Congo
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Ivanhoe Mines has announced that output at its Kamoa-Kakula copper mining complex in Lualaba province saw a 215% year-on-year increase in 2022. The Toronto Stock Exchange-listed company said Kamoa-Kakula would soon become “one of the world’s leading producers” of copper. Hydroelectric power (HEP) forms a cornerstone of the company’s goal of net-zero operational greenhouse gas emissions at the mine.

DR Congo
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Switzerland-headquartered commodities giant Glencore said in early December it had reached an agreement with Democratic Republic of Congo under which it will pay $180m to cover present and future claims arising from alleged corruption between 2007-18.

DR Congo
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Perenco’s activities in Democratic Republic of Congo (DRC) have been the focus of fresh criticism. A report issued in early November by Investigate Europe, EIF and Disclose alleged that Perenco was  responsible for 167 pollution incidents and huge methane emissions.

DR Congo