By Ayomide Otitoju Angolan independent energy company etu energias has finalized a structured disbursement agreement to fund capital expenditure and development activities tied to its 7.5% interest in Block 17/06, home to the Begonia project. The deal was signed Thursday at African Energy Week 2025 in Cape Town by Edson Dos Santos, CEO of etu…
By Ayomide Otitoju Mauritania has signed its first independent power producer (IPP) agreement, a $300 million deal with Iwa Green Energy to develop a 60-megawatt hybrid solar and wind power plant. The project, scheduled to come online in September 2026, is expected to boost the country’s installed capacity of about 450 megawatts while advancing its…
By Ayomide Otitoju Renaissance Africa Energy, a consortium of five energy companies, has announced plans to expand its portfolio in Nigeria and is seeking new partners to support oil and gas development. The announcement was made by Tony Attah, Managing Director and CEO of Renaissance Africa Energy, during African Energy Week (AEW): Invest in African…
By Ayomide Otitoju The African Development Bank’s Office of Integrity and Anti-Corruption (PIAC) and South Africa’s Special Investigations Unit (SIU) have signed a Memorandum of Understanding (MoU) to strengthen collaboration in combating corruption and safeguarding public resources across the continent. The agreement, signed on July 3, 2025, at the SIU headquarters in Pretoria, provides a…
By Ayomide Otitoju Network International, a leading fintech company in the Middle East and Africa (MEA), and UAE-based payment solutions provider Magnati have completed a strategic merger under the ownership of a Brookfield-led consortium. The merged entity will operate as Network International LLC. The combined company will offer an expanded suite of solutions, including digital…
By Ayomide Otitoju Lagos State, Nigeria’s city of aquatic splendour, will host the Africa Blue Economy Summit tomorrow, October 3, positioning both the city and Nigeria as leaders in the continent’s Blue Economy. The summit, themed “Harnessing Africa’s Blue Natural Capital for Sustainable Growth,” will take place at Azuri Towers, Eko Atlantic City. Attendees include…
By Ayomide Otitoju Zimbabwe is rolling out the Zimbabwean National Energy Development Compact to advance its energy value chain, with the country targeting up to $9 billion in investment across generation, transmission, and distribution. The strategy was highlighted by Minister of Energy and Power Development, July Moyo, during the “Invest in Zimbabwe: Investor Briefing” at…
By Ayomide Otitoju Ibrahim Toyeeb, Kwara farmer and CEO of Versa Farms, Nigeria’s largest tomato farm, has condemned the recent surge of deadly attacks in Kwara South, calling for urgent intervention to safeguard lives and protect the region’s fragile economy. Toyeeb, whose company is a major employer in the area, expressed deep concern over the…
By Ayomide Otitoju The People’s Democratic Party (PDP) National Working Committee (NWC) has approved the dissolution of its Akwa Ibom State Executive, appointing a 31-member caretaker committee to manage the state chapter’s affairs. The committee, effective from Tuesday, September 30, 2025, will serve for a maximum of three months or until a new State Executive…
