How Acquisition Approval Delays Are Hurting Nigeria's Local Energy Players
The Nigerian government needs to step up its game regarding approvals for indigenous companies acquiring in-country foreign energy assets. The negative consequences of approval delays, ranging from many months to [...]
TotalEnergies Acquires Minority Stakes in Hydropower Projects in Uganda, Rwanda
Energy giant TotalEnergies has acquired 100% of SN Power, a subsidiary of Norwegian renewable energy firm Scatec ASA, which has interests in hydropower projects in Uganda, Rwanda, and Malawi. We [...]
Japan Grants KPLC KShs. 1.85bn for Last Mile Connectivity
More than 9,000 households are set to benefit from electricity connection after the Japanese International Co-operation Agency (JICA) allocated a grant worth KSh 1.85 billion to utility provider, Kenya Power [...]
How Newcomers Are Surpassing Legacy Producers in Energy Investment
Recent discoveries in Namibia’s Orange Basin suggest it could hold up to three billion barrels of oil and 8.7 trillion cubic feet of natural gas, and the country’s total oil reserves could be nearly equal to Guyana’s at around 11 billion barrelsFuel Prices Down Marginally as New Road Maintenance Levy Takes Effect
The Energy Petroleum and Regulatory Authority (EPRA) has revised prices of different petroleum products taking effect last night to mid-August. “As a country, we are grappling with a maintenance deficit [...]Uganda Protests $40mn Fee as it Receives First Direct Oil Imports
Uganda is lobbying Kenya to lower the $40mn (~KShs. 5bn/UGX 147bn) bond fee for an undeclared surplus it shipped as it starts direct importation of refined petroleum products through the [...]ATIDI Provides US$ 117Mn Support for 35 MW Menengai Geothermal Power Plant
The African Trade and Investment Development Insurance (ATIDI) will provide a US$ 117 million liquidity cover to Globeleq's 35 MW Geothermal project in Menengai, which would offset payment defaults by [...]Transport CS Proposes Raising Fuel Levy by 7 Shillings
Fuel prices are likely to rise if parliament approves a proposal by the government to raise the fuel levy from KSh. 18 to KSh. 25, in the first proposed review [...]Share of Renewable Energy in COMESA Up from 1% to 6% in 8 Years
The share of renewable energy in the COMESA region has risen significantly in the last eight years, but thermal power still dominates at 76 percent, followed by hydropower at 24 [...]Global Oil Prices Fall After OPEC+ Extends Supply Cuts
Global oil prices fell below the USD 80/barrel mark just a day after the Organization of Petroleum Exporting Countries (OPEC+)meeting where oil-producing countries agreed to extend output cuts into 2025. [...]Domestic Demand for Electricity Rises to 10,320.6 GWh in 2023
While total electricity demand in Kenya increased from 12,985.4 GWh in 2022 to 13,423.6 GWh in 2023, domestic demand for electricity increased by 3.1 per cent to 10,320.6 GWh in [...]Volume of Petroleum Products Imported Declines to 4.3Mn Tonnes in 2023
The 2024 Economic Survey by Kenya National Bureau of Statistics (KNBS) shows that the total volume of petroleum products imported into the country declined by 27.6 per cent to 4.3 [...]
