The African Energy Bank has received a significant financial boost with Senegal approving its share of payment for the pan-African energy finance vehicle.Senegal approved its share of payment for the African Energy Bank (AEB), which is expected to be paid before the end of 2025. Announced by Dr. Omar Farouk Ibrahim, Secretary General for intergovernmental...
Author: Energy Crossroad (Energy Crossroad)
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Italy’s Eni discovers major gas reserves off Borneo in Indonesia
Italy’s Eni (ENI.MI), opens new tab said on Tuesday it had made a significant gas discovery in an exploration well around 50 kilometres (31 miles) off the eastern coast of Indonesia’s part of Borneo island. Preliminary estimates indicate gas volume of 600 billion cubic feet in the four reservoirs within the well trajectory, with a...
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Sino-Africa Green Finance Cooperation Can Redefine Africa’s Industrial Future, Says ACCPA’s Executive Director at Launch of Landmark SAGFA Reports
The Executive Director of the Africa-China Centre for Policy and Advisory (ACCPA), Paul Frimpong, has affirmed that strengthened green finance cooperation between China and Africa has the potential to “redefine the continent’s industrial future.” He delivered this message during his keynote remarks at the virtual launch of the Ghana and Ethiopia Sino-Africa Green Finance Alliance...
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New SAGFA Report Highlights Ethiopia’s Pathway to a Climate-Resilient Green Economy Through Stronger Green Finance Coordination
A newly released report by the Africa-China Centre for Policy and Advisory (ACCPA), supported by the African Climate Foundation (ACF), provides an in-depth analysis of Ethiopia’s evolving green finance landscape and outlines a pathway for realizing the country’s long-term vision of a Climate-Resilient Green Economy (CRGE). Published under the Sino-Africa Green Finance Alliance (SAGFA), the...
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Star Oil launches fuel now, pay later scheme using Ghanacard and credit scoring system
Star Oil has unveiled a new initiative that allows commercial drivers to buy fuel on credit using their Ghanacard and an individualised credit scoring system, offering much-needed financial relief to thousands of drivers across the country. The concept, dubbed Fuel Now, Pay Later, was announced in a Facebook post by Star Oil, following weeks of...
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Cybele Energy’s Guyana oil deal opens strategic frontiers for Ghanaian investors – Commerce Chamber
Ghanaian businesses should consider turning their attention to Guyana, now one of the world’s fastest-growing petroleum frontiers. This comes after Ghanaian-owned Cybele Energy secured a major offshore oil block that could unlock a new wave of international investment opportunities for local firms.Cybele Energy is expected to sign the Production Sharing Agreement for the shallow-water Block...
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ACEP Cautions Government Against Direct Oil Production Over GNPC’s $1.5bn Governance Failures
Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye, has cautioned that Ghana should refrain from venturing into state-led oil production, citing severe governance lapses and inefficiencies at the Ghana National Petroleum Corporation (GNPC). Speaking during the NorvanReports, Economic Governance Platform (EGP) and Ghana Anti-Corruption Coalition (GACC) X Space Discussion themed “Beyond...
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Ghanaian company to sign oil exploration agreement with Guyana
Ghanaian-owned energy firm Cybele Energy Ltd is set to make a major stride on the international stage as it prepares to sign an agreement to explore for oil in a shallow-water block in Guyana. The deal, expected to be concluded next Tuesday, December 9, was confirmed by Guyana’s Minister of Natural Resources, Vickram Bharrat, on...
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Ghana, Germany Hold 2025 Intergovernmental Negotiations in Accra
Ghana and Germany on Tuesday held the 2025 session of their Intergovernmental Negotiations at the Mövenpick Ambassador Hotel in Accra, with discussions centered on advancing Ghana’s clean energy transition and strengthening bilateral cooperation. Deputy Minister for Energy and Green Transition, Richard Gyan-Mensah, represented the sector minister, Hon. John Abdulai Jinapor (MP), and highlighted Ghana’s progress...
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Investment Consortium AMS/Double Tree Capital Bank Explores Investment Opportunities at Petroleum Hub
Representatives of the investment consortium AMS/Double Tree Capital Bank paid a courtesy call on the Petroleum Hub Development Corporation (PHDC) on Wednesday, December 3, 2025, to familiarise themselves with the wide range of investment opportunities at the hub. Led by Dr Yusif Sulemana, a Technical Advisor at the Ministry of Energy and Green Transition, the...