Private Infrastructure Development Group (PIDG) company, the Emerging Africa Infrastructure Fund (EAIF) was an anchor investor in a recent successful bond issue by African telecommunications and digital company Axian Telecom. It raised US$420 million (€369.31 million). EAIF has invested US$20 million (€17.59 million) in the bond, scaled back from an original commitment of up to …read more →
ENERGY
Green Hydrogen: The New Energy Frontier in Africa
The 2015 Paris Climate Agreement, which seeks to limit global increase in temperatures to less than 2°C this century, was signed by 195 countries, 33 of which are African. To achieve this ambitious target, significant carbon emission reductions and energy efficient systems are required. As part of the agreement, countries have set out a range …read more →
EGYPS 2022: ‘Natural Gas is the Fuel for Sustainable Development’
Doha — As the global population edges towards the 10 billion mark by 2050 and world GDP more than doubles, natural gas will continue to play a crucial role in alleviating energy poverty, fueling economic growth, expanding prosperity, and contributing to the protection of the environment, according to Mohamed Hamel, the Secretary General of the Gas Exporting Countries …read more →
Dangote Refinery Production Could Accelerate Nigeria’s Economic Recovery – IMF
The International Monetary Fund, IMF, has noted that the non-oil sector of the Nigerian economy could be stronger, benefit from its recent growth momentum, and higher production from the new Dangote Refinery, and its supportive credit policies. The IMF’s Executive Board 2021 Article IV Consultation with Nigeria released recently, said that Nigeria’s ratification of the …read more →
NLNG Refutes Report on Operating “Illegal International Cartels”
The Nigeria LNG Limited, NLNG has denied a report making the rounds that top officials of the company, and that of the Nigerian National Petroleum Corporation, NNPC Limited operate illegal international cartels, and illegally ship over $1billion oil to the U.S, and South American Countries. A statement signed by Andy Odeh, General Manager, External Relations …read more →
DOE Establishes Bipartisan Infrastructure Law’s $9.5 Billion Clean Hydrogen Initiatives
The U.S. Department of Energy (DOE) has announced two Requests for Information (RFI) to collect feedback from stakeholders to inform the implementation and design of the Bipartisan Infrastructure Law’s Regional Hydrogen Hub and the Electrolysis and Clean Hydrogen Manufacturing and Recycling Programs. This request will help accelerate progress, reduce technology cost, and ramp up the …read more →
EU Plans $22.7 billion Transport Network, Other Projects Across Africa
The European Union (EU) is working on a €20 billion ($22.7 billion) financing package to support African transport networks, as well as energy, digital, education and health projects to counter China’s reach in the continent. Member states, a Bloomberg report disclosed, however, have yet to commit to financing the infrastructure plans, according to officials familiar …read more →
British Power Company in trillion-Dollar Compo Blunder
British energy supplier Northern Powergrid has apologised to 74 customers after they were accidentally sent compensation cheques of more than £2.3 trillion ($4.4 trillion). Compensation is being paid to tens of thousands of customers who were left without power when severe “once in a generation” winds swept across Britain from Storm Arwen in November last …read more →
Northern Youths Urge Protection for Public Infrastructure
Northern youths, under the aegis of Arewa Youth Assembly, have called on the President, Major General Muhammadu Buhari(retd.) to engage the service of competent hands to protect the Ajaokuta-Kaduna-Kano gas pipeline from vandals. This, the youth said, became imperative to promote a steady and guaranteed gas supply from the South to the North at the …read more →
Prepaid Meters: Energy Experts Call for Review of Prices, Installation Process
Stakeholders in the electricity sector have called on the federal government to review the pricing of prepaid meters as the second phase of the National Mass Metering Programme (NMMP) is set to commence. They said this at the just-concluded power sector dialogue in Abuja themed ‘Assessing the Progress of the NMMP’. The NMMP is an …read more →