Senegal has inaugurated the first large-scale wind farm in West Africa, a facility that will supply nearly a sixth of the country’s power needs when it reaches full capacity later this year. With the wind farm, Senegal will get 30% of its energy from clean sources, in a push to cut its dependence on fossil …read more →
AFRICAReports
Nigeria to Resume Construction Works On Mambilla Hydroelectric Plant
Nigeria plans to start work on the construction of Mambilla hydroelectric plant, estimated to cost about $4.8 billion this year after the government settled a legal dispute that was delaying the project, Power Minister Sale Mamman said. The project, when completed will be the second-largest hydroelectric plant in Africa and the second of such plants …read more →
COVID-19: Massive Shut-downs worldwide to affect Africa’s Infrastructure, Energy & Mining Development
The Coronavirus (COVID-19) has resulted in mass production shutdowns and supply chain disruptions due to port closures in China, causing global ripple effects across all economic sectors in a rare “twin supply-demand shock”. With South Africa having just reported its first cases of COVID-19, Africa is beginning to feel its full impact and plans to …read more →
Google Chooses Nigeria As Location For Its First Developer Space In Africa
The tech giant, Google, has opened its first Developers Space in Africa in Nigeria. This launch supports Nigeria’s digital Economy Strategy and is in line with Google’s commitment, in 2017, to build on Nigeria’s tech potential to grow Africa’s tech space. The Developers Space, located in Ikoyi, Lagos, is the flagship start-up and developer hub …read more →
Unpacking the Potential of innovative digital infrastructure and green energy projects in Africa
The vast swathes of Africa’s fertile lands may ultimately prove a central arena for the ground-up development of innovative digital infrastructure and green energy projects. Recent pivotal moments in African trade, such as the African Continental Free Trade Agreement, are setting the table for an environment conducive to rapid growth, where both energy and financial infrastructure …read more →
Nigeria to contribute 35% of Africa’s new-build trunk pipeline length by 2023
Nigeria is expected to contribute around 35% of Africa’s total planned and announced oil and gas new-build trunk/transmission pipeline length additions between 2019 and 2023, says GlobalData, a leading data and analytics company. The company’s latest report, ‘Global Planned Oil and Gas Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details …read more →
World Bank puts Nigeria’s growth at 2.1 per cent in 2020
The World Bank Group has raised Nigeria’s growth expectations in 2020 to 2.1 per cent, describing it as an “edge up”, a development that confirms the country’s continued stay in sluggish economic path for another calendar year. It also warned that the macroeconomic framework is characterised by multiple exchange rates, foreign exchange restrictions, high persistent …read more →
Maritime Security: Nigerian Waters Now Safer – Dakuku
The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said that piracy and other maritime crimes have reduced drastically in the Nigerian maritime domain, making it safer for investment. Contrary to reports in a section of the media on his responses while defending the Agency’s budget before the Senate …read more →
Total’s Egina starts production with TechnipFMC’s subsea systems
Total’s Egina field, located 93 mi (150 km) off Port Harcourt, kicked into production just as 2018 was winding to a close. The start-up of any offshore field is notable, but Egina’s is especially so: The field is estimated to contain reserves of 550 MMbbl. Lying in water depths ranging from 4,593 to 5,740 ft …read more →