Bad climate news is everywhere. Africa is being hit particularly hard by climate change and extreme weather, impacting lives and livelihoods. We are living in a world that is warming at the fastest rate since records began. Yet, governments have been slow to act. The annual global climate change conference of the parties (COP30) is...
Category: News
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Dangote Refinery Set to Overtake World’s Sixth Largest Refinery After Expansion to 700,000 Bpd
Dangote Refinery Set to Overtake World’s Sixth Largest Refinery After Expansion to 700,000 Bpd The $20 billion Dangote Petroleum Refinery in Lagos, Africa’s largest single-train oil refinery, is undergoing a strategic upgrade to expand its production capacity from 650,000 barrels per day (bpd) to 700,000 bpd by the end of 2025. This development marks a...
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*Energy Ministry Engages IPPs in $1.7 Billion Debt Renegotiation *
The Ministry of Energy and Green Transition has begun negotiations with Independent Power Producers (IPPs) to restructure $1.7 billion in outstanding payments, as part of efforts to ease Ghana’s energy sector debt burden, currently pegged at \$3.1 billion. Energy Minister John Abdulai Jinapor disclosed the ongoing engagements during a High-Level Dialogue themed “Addressing Ghana’s Energy...
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Dr. Ishmael Ackah: Generation Inefficiencies Deepen Ghana’s Energy Sector Debt Crisis
Dr. Ishmael Ackah, Advisor to the Minister for Energy and Green Transition, has sounded the alarm over persistent inefficiencies in Ghana’s power generation segment, describing it as the leading cause of the country’s growing energy sector debt. Speaking during a high-level stakeholder dialogue on “Addressing Ghana’s Energy Sector Challenges for Economic Transformation,” Dr. Ackah stressed...
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AfDB and SEFA Provide $40 Million Investment in Equity Platform Zafiri to Accelerate Renewable Energy Access Across Africa
access across the continent. Project Zafiri will address the lack of longer-term equity that is constraining the growth of the DRE sector in Africa, Daniel Schroth, Director for Renewable Energy and Energy Efficiency, said, adding that by anchoring the junior equity tranche, SEFA is helping to crowd in private investment at scale. Zafiri aligns with...
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Top 10 African Countries With the Lowest Diesel Prices in July 2025
The cost of diesel has long dominated the rhythm of everyday life in many African countries from the price of food on market shelves to the cost of moving products over thousands of kilometers. In recent months, however, a few African nations have seen minor drops in fuel costs, providing temporary respite to consumers, transport...
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Stakeholders Call for Urgent Reforms as Energy Sector Inefficiencies Cost Ghana 2% of GDP
A strategic high-level dialogue convened by the Africa Centre for Energy Policy (ACEP), in partnership with the Open Society Foundations (OSF) and the Ministry of Energy and Green Transition, has spotlighted the deep-rooted structural inefficiencies plaguing Ghana’s energy sector inefficiencies that are costing the economy an estimated 2% of GDP annually. This figure represents nearly...
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Chevron closes Hess acquisition after winning Exxon legal battle
HOUSTON, July 18 (Reuters) – Chevron (CVX.N), opens new tab closed its $55 billion acquisition of Hess (HES.N), opens new tab on Friday after winning a landmark legal battle against larger rival Exxon Mobil (XOM.N), opens new tab to gain access to the largest oil discovery in decades.Chevron CEO Mike Wirth’s strategy to turn around...
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Oil prices rise after new EU sanctions on Russia
LONDON, July 18 (Reuters) –Crude oil futures rose on Friday while gasoil futures jumped to a 17-month high as investors weighed new European Union sanctions against Russia.Brent crude futures climbed 68 cents, or 1%, to $70.20 a barrel by 1327 GMT. U.S. West Texas Intermediate crude futures gained 81 cents, or 1.2%, to $68.35.The Reuters...
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Preparations Advance for 9th Ghana Energy Awards as Awarding Panel ConvenesJuly 17, 2025
Preparations for the ninth edition of the Ghana Energy Awards are gaining momentum, with the Awards Secretariat and the Awarding Panel officially commencing deliberations ahead of the event. A key milestone in this year’s awards cycle took place on Tuesday, July 15, 2025, when the Awarding Panel held its inaugural meeting at the Secretariat’s Head...