OPEC Fund Allocates $1.7B to Energy Transition in 2023
Africa secured the largest share of the funding issued by the OPEC Fund in 2023.
News
Read the latest Archives of oil, gas and energy news.
Invest in Africa Energy 2024
COP28 Underscores Africa’s Energy Transition Investment Needs
Following two weeks of pledges to support Africa’s energy transition at COP28, the upcoming Invest in African Energy Forum in Paris will enable European partners to put words into action.
Africa
Africa Must Set the Timing for its Energy Transition, Whether the World Likes It or Not
Africa still needs time – time that the Western world has already had and frankly, continues to milk – to resolve energy poverty and industrialize, says NJ Ayuk, Executive Chairman of the African Energy Chamber.
AfDB
AfDB, UK Grant $1B Guarantee for South Africa’s Just Energy Transition
The partnership will support projects aligned with South Africa’s transition investment plan, including renewable energy, energy efficiency and green hydrogen initiatives.
Invest in Africa Energy 2024
West Africa’s Energy Transition Offers $1T+ in Investment Opportunities
West African countries have announced their transition investment needs and top projects, which can be accessed at the Invest in African Energy 2024 forum in Paris next May.
COP28: APPO Secretary General Champions Oil, Gas Inclusion for a Just Energy Transition
Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers’ Organizer, lauded COP28 for involving the oil and gas industry in climate change discussions.
Natural Gas Is Key to a Just African Energy Transition, Says Ayuk
Because of its great potential for replicating success stories like this across the continent, I remain convinced that natural gas is the key to a prosperous future and a just energy transition for Africa, writes NJ Ayuk, the Executive Chairman of the African Energy Chamber.
Germany’s KfW Loans South Africa €23.1M for Energy Transition
The $540 million KfW funding package falls under South Africa’s Just Energy Transition Partnership.
THE JUST ENERGY TRANSITION: THE DIVERSITY OF AFRICA’S NATURAL RESOURCES IS A PLATFORM FOR ECONOMIC, SOCIAL AND SUSTAINABLE DEVELOPMENT
Africa has been substantially impacted by natural disasters, which are set to increase in severity and frequency.
South Sudan
South Sudan to Leverage Oil as a Catalyst for Energy Transition, Says Petroleum Minister
With the third-largest oil reserves in sub-Saharan Africa, South Sudan plans on using its fossil fuels as a catalyst for economic development and the financing of a just energy transition.
