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Announcements
African Energy Chamber
Source: African Energy Chamber |

Germany to Ramp Up Investment in African Energy

An exclusive webinar explored the market dynamics set to shape post-COVID-19 German-African business relations

“Germany-Africa Economic Relations: Making Deals Post COVID-19” highlighted opportunities for German businesses in Africa’s power production, clean energy, and digitalization and technology sectors; An opening keynote was given by H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of the Republic of Equatorial Guinea; Panelists included Ibrahima Mané, Director…

Embassy of the Federal Republic of Germany Kampala
Source: Embassy of the Federal Republic of Germany Kampala |

Coronavirus: Ugandan – German Government Negotiations

Germany is a main contributor to multilateral emergency funds aiming to mitigate the effects of the Coronavirus pandemic

Uganda and Germany today successfully concluded government negotiations on the framework for development cooperation for the next two years. Germany committed a total of EUR 58.4 million in grants. Another EUR 15.0 million in grants is envisaged for the public finance management reform programme following the approval of the German…

ENGIE

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Source: ENGIE |

1.4 million Ugandans to access reliable and affordable energy under new EIB – ENGIE initiative

EIB financing to overcome barriers to 80% of Ugandans without access to electricity

Scaling up off-grid solar power model for transforming rural energy access across Africa; EIB financing to overcome barriers to 80% of Ugandans without access to electricity; Local currency financing to accelerate PAYGO solution for affordable green energy. Millions of people, small holders and entrepreneurs in remote villages across Uganda are…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

South Sudan: Preserving Economic Progress in the Face of COVID-19

South Sudan, set to capitalize on renewed peace, has pegged 2020 as a year of stability and economic growth, underpinned by the country’s revived oil and gas sector

Amid COVID-19, South Sudan shows the world it is open for business and committed to economic prosperity and inclusive growth; South Sudan hosted a webinar organized by the African Energy Chamber and Africa Oil and Power (http://www.AfricaOilandPower.com) that focused on economic impacts, sanctions and economic/developmental progress; Africa Oil & Power…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank Regional Economic Outlook 2020: COVID-19 response and economic diversification crucial to growth recovery in Southern Africa, the most affected region

Impact of COVID-19 in South Africa projected to affect rest of Southern African economies

Report recommends inclusive, broad-based and pro-poor policies to address inequality and reduce poverty rates; Impact of COVID-19 in South Africa projected to affect rest of Southern African economies. A higher level of preparedness is urgently needed to prevent and mitigate the COVID-19 pandemic in Southern Africa, including additional resources for…

Africa Oil Week
Source: Africa Oil Week |

Africa Oil Week releases “Opportunities for Africa in the Energy Transition” report, with accompanying webinar set to take place this Wednesday

The report “Opportunities for Africa in the Energy Transition”, will be accompanied by a free-to-attend webinar taking place this Wednesday

Africa Oil Week (http://www.Africa-OilWeek.com/) has launched of first in a series of complimentary reports, produced in association with Wood Mackenzie. The report “Opportunities for Africa in the Energy Transition”, will be accompanied by a free-to-attend webinar taking place this Wednesday (29 July, 15:00 GMT+1). Posing the question “What does the…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

In Landmark Year, South Sudan Promotes Energy Investment with Webinar and South Sudan Oil & Power Event

Although the pandemic has delayed these initiatives, South Sudan’s commitment to energy prosperity has not weakened

Amid Covid-19, South Sudan shows the world it is open for business and committed to economic prosperity and inclusive growth; The regional energy value chain will unite next year for South Sudan’s official energy event South Sudan Oil & Power 2021, on June 29-30, in Juba; South Sudan will host…

African Energy Chamber
Source: African Energy Chamber |

Kenya Power appoints African Energy Chamber’s East Africa President Eng. Elizabeth Rogo to its Board

Kenya Power is the most crucial fighter against energy poverty in the country

Eng. Elizabeth Rogo, Founder & CEO of TSAVO Oilfield Services and President for East Africa at the African Energy Chamber (https://EnergyChamber.org/) has been appointed Non-Executive Director on the Board of Kenya Power and Lighting Plc, Kenya’s state utility company. Kenya Power has been making steady progress towards providing safe, secure…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank set to join landmark $20 billion Mozambique LNG financing

The Bank joins a global syndicate of commercial banks, development finance institutions and export credit agencies to provide the requisite financing for the project

The African Development Bank (www.AfDB.org) has concluded its bid to co-finance the construction of Mozambique's integrated Liquefied Natural Gas (LNG) plant by signing a senior loan of $400 million for the transformational project. The Mozambique LNG Area 1 Project, estimated to cost over $20 billion, is ranked Africa's single largest…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP) provides USD 50m credit facility to SirajPower for solar energy projects in the Middle East

The transaction represents the largest lease-funding platform for distributed solar energy in the Gulf Cooperation Council (GCC)

Financing facility to SirajPower is in line with APICORP’s (www.APICORP.org) strategic drive to support energy diversification and access to sustainable power in MENA region; This represents the largest lease-funding platform for distributed solar energy in the GCC. The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, today announced…