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Business News

African Energy Chamber Projects Africa's Power Demand to Keep Rising Between 4-5% Yearly

African Energy Chamber Projects Africa's Power Demand to Keep Rising Between 4-5% Yearly

Africa's electricity generation capacity has grown at an average of 4.8% per annum since 2008; The Chamber remains determined in its commitment to see...

Posted on: Jan 22, 2021

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Tanzania: Afdb Approves $120m Loan for 50MW Malagarasi Hydropower Project

Tanzania: Afdb Approves $120m Loan for 50MW Malagarasi Hydropower Project

The board of directors of the African Development Bank (AfDB) approved a 120 million dollar loan to fund the construction of a 50MW hydropower plant i...

Posted on: Jan 22, 2021

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United Oil & Gas Announces the Development of the ASH-3 well in Egypt

United Oil & Gas Announces the Development of the ASH-3 well in Egypt

United Oil & Gas PLC, a growing oil and gas company with a portfolio of production, development, exploration and valuation assets, has announced the l...

Posted on: Jan 22, 2021

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International Consortium Signs Exploration Agreement for the North Ras Kanayis Offshore Block

International Consortium Signs Exploration Agreement for the North Ras Kanayis Offshore Block

An international consortium led by Total, as operator, and the Egyptian Natural Gas Holding Company (EGAS) have signed an exploration and production a...

Posted on: Jan 22, 2021

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Field Operations Starts at Muzarabani oil and gas project in Zimbabwe

Field Operations Starts at Muzarabani oil and gas project in Zimbabwe

Invictus Energy Ltd, an independent oil and gas exploration company focusing on high-impact energy resources in sub-Saharan Africa with headquarters i...

Posted on: Nov 20, 2020

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