African Development Bank Group (AfDB)
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    • As the sole operator of ports, railways and oil pipelines, Transnet holds a unique position in the freight logistics sector in South Africa and the Southern African Development Community (SADC) region
    • South Africa boasts the highest level of railway infrastructure in Africa, covering around 30,000 km. It ranks as the world’s 14th largest in length and is notably well-developed compared to other emerging markets
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (1)
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (2)
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (3)
    • South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan (4)
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Source: African Development Bank Group (AfDB) |

South Africa: African Development Bank approves ZAR 18.85 billion ($1 billion) corporate loan for Transnet’s business recovery plan

In addition to the corporate loan, the African Development Bank is contemplating two targeted grants, including $750,000 in technical support from the Sustainable Energy Fund for Africa

The African Development Bank Group (www.AfDB.org) has approved a ZAR 18.85 billion ($1 billion) corporate loan to Transnet, South Africa’s major freight transport and logistics company, for its recovery and growth plans. The 25-year loan approved by the Bank Group’s Board of Directors on Friday, 12 July 2024, is fully…

African Energy Chamber
Source: African Energy Chamber |

Unite Oil & Gas’s (UOGI) Yachtze Luchin to Deliver Technical Presentation at African Energy Week (AEW) 2024 Amid Geoscience, Field Development Drive in Africa

Unite Oil & Gas International Consulting offers value-oriented solutions across the fields of project execution, field operations, reservoir management and engineering

A strong slate of high-impact wells is expected to be drilled in Africa in 2024 and 2025, 70% of which will be in frontier and emerging basins. Africa dominates global high-impact well drilling this year, with 13 of the 36 anticipated wells set to be drilled across the continent. Representing…

African Energy Chamber
Source: African Energy Chamber |

Tullow Oil Chief Executive Officer (CEO) to Outline Infill Drilling, Near-Field Exploration Plans at African Energy Week (AEW) 2024

Taking place November 4-8, African Energy Week: Invest in African Energy unites E&P companies and investors with African project opportunities

Independent energy company Tullow Oil has plans to increase oil production at active fields in Ghana and Gabon in 2024 and is preparing to conduct exploratory drilling in Ivory Coast in 2025. Committed to developing oil and gas in Africa in a responsible manner, the company’s asset portfolio across the…

African Energy Chamber
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    • Gabon Oil Company DG to Present Investment Opportunities at African Energy Week (AEW) 2024 Amid Anticipated Production Growth
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Source: African Energy Chamber |

Gabon Oil Company DG to Present Investment Opportunities at African Energy Week (AEW) 2024 Amid Anticipated Production Growth

Seeking to establish itself as a competitive upstream player, Gabon Oil Company Director General Marcellin Ngabi has joined the African Energy Week: Invest in African Energy conference this November

Gabon has set an ambitious target to increase production to 220,000 barrels per day (bpd). The country is promoting investment in on- and offshore acreage while creating opportunities for marginal field development to achieve this goal. With over two billion barrels of proven oil reserves, the country is committed to…

African Energy Chamber
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    • Zambia Chamber of Mines to Promote Investment Prospects as Critical Minerals Africa (CMA) Partner
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Source: African Energy Chamber |

Zambia Chamber of Mines to Promote Investment Prospects as Critical Minerals Africa (CMA) Partner

The Zambia Chamber of Mines partners with Energy Capital & Power for this year’s edition of the Critical Minerals Africa Summit

Zambia's mining industry has surged to third place in global investment attractiveness in 2024, up from 12th in 2023, due to a solid mining policy environment, according to a new report released by global think tank Fraser Institute. The country has attracted $10 billion in fresh investments over the past…

African Energy Chamber
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    • Natural Gas, the Right Transition Fuel for South Africa (By NJ Ayuk)
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Source: African Energy Chamber |

Natural Gas, the Right Transition Fuel for South Africa (By NJ Ayuk)

South Africa’s ongoing power shortages highlight the urgent need to tap into its natural gas resources, a cleaner-burning fuel that can bridge the energy gap while facilitating a transition to renewables and a lower-carbon future

By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org). A recent policy brief, “Natural Gas as a Transition Fuel in South Africa,” produced by Eye for Business, minced no words concerning the need to access and use that plentiful underground resource. As stated up front, “Among alternatives, there is a…

Energy Capital & Power
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    • Konrad-Adenauer-Stiftung Joins Critical Minerals Africa (CMA) 2024 as Strategic Partner
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Source: Energy Capital & Power |

Konrad-Adenauer-Stiftung Joins Critical Minerals Africa (CMA) 2024 as Strategic Partner

Energy Capital & Power partners with Konrad-Adenauer-Stiftung for the Critical Minerals Africa 2024 Summit in Cape Town

The increasing demand of critical minerals for the global energy transition presents African countries with an opportunity to address environmental governance challenges and accelerate infrastructure development and economic growth through export revenues and global market cooperation. Furthermore, the development and implementation of robust governance frameworks that prioritize inclusivity and local…

African Energy Chamber
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    • Next Generation of Energy Leaders to Drive Transformation at the African Energy Week (AEW) 2024
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Source: African Energy Chamber |

Next Generation of Energy Leaders to Drive Transformation at the African Energy Week (AEW) 2024

African Energy Week (AEW): Invest in African Energy will feature a Youth Energy Roundtable, advocating for increased youth participation in Africa’s energy industry

With Africa serving as a dynamic hub for oil and gas, renewable energy and cutting-edge technologies, the participation of youth in the sector is crucial to bringing in new perspectives, fostering innovation and effecting policies that drive inclusive growth. The African Energy Week (AEW): Invest in African Energy 2024 conference,…

African Energy Chamber
Source: African Energy Chamber |

Angola’s Minister Azevedo to Deliver Keynote at African Energy Week (AEW) 2024 Ahead of 2025 Licensing Round

Angola’s Minister of Mineral Resources, Oil and Gas joins African Energy Week: Invest in African Energy 2024 to discuss strategic initiatives, licensing rounds and Angola’s investor friendly climate

Angola’s Minister of Mineral Resources, Oil and Gas Diamantino Azevedo will deliver a keynote address at the African Energy Week (AEW): Invest in African Energy 2024 conference - taking place in Cape Town from November 4-8. During the event, Minister Azevedo is expected to outline strategic investment opportunities in Angola…

Energy Capital & Power
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    • Southern African-German Chamber of Commerce Partners with Critical Mineral Africa (CMA) for 2024 Summit
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Source: Energy Capital & Power |

Southern African-German Chamber of Commerce Partners with Critical Mineral Africa (CMA) for 2024 Summit

CMA 2024 will take place under the theme ‘Innovate. Enact. Invest in African Critical Minerals to Sustain Global Growth’

German technologies and funding have been instrumental in advancing the critical minerals value chain in Southern Africa. In January 2024, the German Ministry for Economic Cooperation and Development initiated a call for proposals from South African green hydrogen project developers to access grants from its €270-million ($292 million) Power-to-X Development…