started. Today, the bank is huge,” he said. Lokpobiri stressed that the Africa Energy Bank must commence operations without further delay to support oil and gas financing across Africa. “This specialised bank needs to take off without any further delay so that we will be able to raise the funding needed. If we have to...
Category: Energy
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SolarAfrica secures R1.5 billion to deliver more reliable, affordable power to South African businesses
SolarAfrica has secured financial close on R1.5 billion to build SunCentral 2, the next 114 MW plant of its flagship utility-scale solar development in the Northern Cape. The new funding, provided by RMB and Investec Bank Limited, is another significant step in boosting access to affordable and clean energy for South African businesses, with first...
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Energy Minister Assures PSWU of Broad Consultations on Proposed EC–PURC Merger
The Minister of Energy and Green Transition has held discussions with representatives of the Public Services Workers Union (PSWU) following concerns raised by workers over the proposed merger of the Energy Commission and the Public Utilities Regulatory Commission (PURC). At the engagement, the Minister assured the union that government would not proceed with any merger...
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Energy transition risks sidelining us – Dr. Oppong warns
By Thomas-Moore ADINGO Ghana must pursue a balanced energy strategy that protects hydrocarbons, expands renewables and prioritises domestic value creation to secure energy sovereignty amid the accelerating global energy transition, Chief Executive Officer of Chamber of Oil Marketing Companies (COMAC) Dr. Riverson Oppong has said. Speaking at a public lecture in Accra on the topic...
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Dr. Riverson Oppong Urges Africa to Scale Up Renewables to Achieve Energy Sovereignty
The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC) and Africa Regional Director of the Society of Petroleum Engineers (SPE), Dr. Riverson Oppong, has called on African countries to scale up investments in renewable energy projects to achieve energy sovereignty across the continent. Dr. Oppong made the call while delivering a public...
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PHDC Board Backs Management’s Push to Start On-Site Work in 2026
The Governing Board of the Petroleum Hub Development Corporation (PHDC) has declared its overwhelming support for the management and expressed readiness to approve any activity or decision that will enable the team achieve its goal of commencing on-site activities this year.Speaking at the end of a three-day board retreat on Thursday, February 5, 2026, Board...
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ACEP Roundtable Examines Chinese Lending and Implications for Ghana’s Debt Sustainability
ACEP convened a roundtable bringing together development partners, industry players from the banking sector, academia, and government institutions to examine Chinese lending strategy and their implications on Ghana’s debt sustainability. Through open, evidence-based dialogue, stakeholders shared perspectives on the impact of Chinese lending on debt sustainability as well as the role of African agency in...
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Edo, NNPC seal deal on 10,000bpd condensate refinery
Edo State Government and the Nigerian National Petroleum Company (NNPC) Limited have concluded plans to establish a 10,000 barrels-per-day condensate refinery in the State in a move expected to deepen industrial activity and strengthen energy supply in the South-South region.The refinery, to be located across Oredo and Orhionmwon Local Government areas, is projected for completion...
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Report of Energy Commission staff demanding termination of Ag. Executive Secretary appointment is false, baseless – PSWU of TUC
Source: Joy Business The leadership of the Energy Commission Division (PSWU) of the Trades Union Congress (TUC) has dismissed with grave concern a report circulating in the media alleging that the staff of the Energy Commission are demanding the termination of the appointment of the Acting Executive Secretary, Ing. Eunice Biritwum. In a statement signed...
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NPA Chief Executive Touts Authority’s Disciplined Regulatory Regime at 2026 Nigeria International Energy Summit
The Chief Executive of the National Petroleum Authority (NPA) Mr. Godwin Kudzo Tameklo Esq., has touted the Authority’s disciplined regulatory regime of the country’s downstream petroleum industry.He said the disciplined regulation, fair pricing and firm oversight by the NPA are shaping a market that works for investors, operators, and consumers alike. Mr. Tameklo was speaking...