African Development Bank Group President Sidi Ould Tah and Niger’s Prime Minister, Ali Mahamane Lamine Zeine, have signed a $144.7 million financing agreement to improve energy access and private sector competitiveness. The agreement, signed at the institution’s headquarters in Abidjan, provides budgetary support from the African Development Fund, the Bank Group’s concessional financing window. It...
Category: Energy
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Looking towards nuclear micro reactors
Pakistan’s energy crisis is not just about power cuts; it is about survival. Every summer, citizens brace for rolling blackouts as peak shortfalls rise into the thousands of megawatts. Behind the flickering lights lies a deeper malaise: circular debt in the power sector that has ballooned into trillions of rupees, an import bill for petroleum...
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Total petroleum consumption for half year hits 3.6bn litres, despite rising fuel prices
Total consumption of petroleum products for the first half of 2025 has surged to 3.6 billion litres, marking a 17.65% increase compared to 3.07 billion litres recorded in the same period in 2024. This is according to the 2025 Petroleum Analysis Report seen by JoyBusiness, which presents a detailed examination of Ghana’s petroleum supply and...
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$2B California Solar Plant To Shut Down After A Decade For The Most Frustrating Reason.
For the last decade, drivers on Interstate 15 heading through the Mojave Desert between Los Angeles and Las Vegas have passed by the massive Ivanpah Solar Electric Generating System. Located just south of the California-Nevada state line, the Ivanpah plant has become a local landmark, and one that’s impossible to miss, with its trio of...
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Gold-for-Oil: All companies went through due diligence from BoG – Kwadwo Poku
Energy expert and New Patriotic Party’s communications team member Kojo Poku has defended the previous NPP government’s Gold-for-Oil programme, asserting that every company was screened and certified. In an interview aired on Joy News on October 4, 2025 Poku noted that all participants in the scheme went through rigorous screening from both the Bank of...
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Global investors on high alert as Nigeria opens $400m crude export terminal
President Bola Tinubu will inaugurate the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers State on Wednesday, October 8, marking the first new crude export facility to be built in Nigeria in over half a century.It is the first indigenous crude export facility in Nigeria since the Forcados Terminal of 1971.The new terminal...
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AEW 2025: Zimbabwe Introduces 5-Pillar Energy Strategy Amid $9B Investment Drive
The country anticipates $9 billion in spending across its power sector, with $4.4 billion mobilized through private sector participation. CAPE TOWN, South Africa, October 4, 2025 – Zimbabwe has introduced a five-pillar strategy – the Zimbabwean National Energy Development Compact – aimed at advancing the development of the energy value chain. This comes as the...
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Update 318 – IAEA Director General Statement on Situation in Ukraine
The ZNPP has informed the IAEA team that planned maintenance activities on one pair of backup power transformers was stopped after the LOOP, and the transformers were returned to standby mode. Challenges related to off-site power were also in evidence at the Chornobyl site this week, where its New Safe Confinement (NSC) facility experienced a...
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United States (U.S.) Political Will, African Reforms Signal New Era for Energy Investment
Amid regulatory overhauls and renewed U.S. export finance, leaders at African Energy Week 2025 counsel that the moment to act on U.S.–Africa energy ties is nowCAPE TOWN, South Africa – U.S. political momentum and African regulatory reforms are converging to create what leaders at African Energy Week 2025 described as a strategic opening for U.S....
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Fuel Prices Likely to Rise Again, OMCs Warn
Consumers should brace for further hikes in fuel prices at the pumps in the coming weeks, the Chamber of Oil Marketing Companies (OMCs) has cautioned. Speaking on PM Express Business Edition, on Joy News the Chief Executive of the Chamber, Dr. Riverson Oppong, said the looming adjustments are being driven by sustained increases in international...