The Rwandan government has said it will invest US$4.7bn in the countrys energy sector over the next five years to help it meet its ambitious target of producing 1,000MW of electricity by 2017
Energy
Kenya to auction five oil and gas blocks
The five new blocks will increase Kenya’s exploration areas to 51 from the current 46. (Image source: mrpbps/Flickr)
Kenya will put up five crude oil and gas exploration areas up for auction in the next two weeks
OPIC loans US$250 million to Nigerian fertiliser plant
The project aims to provide a reliable and secure source of low-cost fertilizer and create around a thousand construction jobs and projects around the area. (Image source: vichie81)
A Nigerian nitrogen fertiliser plant is set to receive a US$250mn loan from OPIC to boost agriculture, infrastructure, energy and financial services in the country
Syndicate of banks grant NNPC US$1.5bn loan to pay off debts
The deal is aimed at reducing the possibility of Nigeria defaulting on loans. (Image source: sxc.hu)
Nigerian state oil firm NNPC has been granted a loan of US$1.5bn by a syndicate of Nigerian and international banks to allow the company pay off its debts to international fuel traders
AfDB and Zambia sign US$55 million loan agreement for hydropower project
The agreement was signed by the Zambian minister of finance, Alexander Chikwanda, and AfBD resident representative to Zambia Freddie Kwesiga. (Image source: African Development Bank)
The African Development Bank (AfBD) has signed a loan agreement worth US$55mn with the Zambian government to support the Itezhi-Tezhi Hydro Power and Transmission Line Project
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President William Ruto of Kenya and president Benedict Oramah of Afreximbank in Mombasa, Kenya. (Image source: Afreximbank)
The project will improve transport links in Chad. (Image source: Adobe Stock)
LINX expands in Kenya with a new IXP in Mombasa, enhancing interconnection, reducing latency, and supporting digital growth in Africa. (Image source: Adobe Stock)
Time to accelerate off-grid renewables (IMAGE SOURCE: Adobe Stock)
The Africa Energy Indaba 2025 will unite leaders to address Africa’s escalating energy crisis, fostering sustainable and resilient solutions. (Image source: Adobe Stock)
