In a significant move to curb government expenditure, President John Dramani Mahama has ordered the immediate suspension of fuel allowances and fuel allocations to all political appointees. The decision, announced on Tuesday, July 15, 2025, underscores the administration’s commitment to fiscal prudence and energy resource efficiency. A statement released by the Minister for Government Communications...
Day: July 15, 2025
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Ghana’s Energy Ministry Ties Future of GH₵1 Fuel Levy to Sector Performance
The Ministry of Energy and Green Transition has clarified that the continuation or cancellation of the controversial GH₵1 fuel levy will depend on the evolving needs and performance of Ghana’s energy sector. Speaking on Joy FM’s Super Morning Show on Monday, July 14, Richmond Rockson, Head of Communications at the Ministry, said the levy was...
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BP-Eni Joint Venture Finds Gas Offshore Angola
Azule Energy, a joint venture firm between BP and Eni, has made a gas discovery at the Gajajeira-01 exploration well, located offshore in the Lower Congo Basin, Republic of Angola. The well was spudded on April 1, 2025 in a water depth of 95 meters, approximately 60 kilometers off the coast. It encountered gas- and...
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Malawi Secures $2.15 Million Boost for Power Interconnection With Tanzania
Malawi has received a significant boost in its quest to end persistent electricity blackouts, following the approval of a USD 2.15 million (approximately MWK 3.6 billion) grant for the Tanzania-Malawi (TAMA) Electricity Interconnector Project. The funding, approved by the Multilateral Cooperation Centre for Development Finance (MCDF), will be used to update the feasibility and Environmental...
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Sahara Energy Secures $225m Loan to Drive Global Expansion, Sustainability.14 July 2025(Abuja)
Sahara Energy Resource Limited has announced the successful closing of a USD 225 million unsecured, committed Revolving Credit Facility (RCF). The facility was significantly oversubscribed, underscoring the confidence of the international financial community in Sahara’s business model, performance, and strategic vision of bringing energy to life responsibly. The new facility is supported by a syndicate...