Sustainable investment firm, Mirova, has committed up to US$10 million in five-year debt funding to ARC Ride, a Nairobi-based electric mobility startup, marking its first electric vehicle investment in Sub-Saharan …
Energy
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AfricaBusinessEnergyFinanceSustainabilityTechnology
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BusinessEnergyGhana EconomyInfrastructurePublic UtilitiesRegulation
ECG Seeks Tariff Adjustment After $408m Investment in Ghana’s Power Supply
The Electricity Company of Ghana (ECG) says it has invested more than $408 million in the last three years to strengthen electricity supply and improve customer service, and is now …
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ClimateEconomyEnergyGhanaLeadershipOil & GasRegional Cooperation
GNPC Boss Kwame Ntow Amoah Becomes APPO Chairman
Mr Kwame Ntow Amoah, Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), has pledged to strengthen cooperation among Africa’s oil-producing nations after assuming the role of Chairman of …
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BusinessEconomyEnergyOil & Gas
NCDMB Urges WAV, Other Indigenous Firms to Explore Deepwater Oil and Gas Opportunities
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Felix Ogbe, has called on leading Nigerian oil and gas service providers to direct more of their …
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BusinessEconomyInternational TradeMaritimeOil & GasSecurity
Stakeholders Lament $1.5bn War Risk Insurance Burden Despite Improved Maritime Security
Despite Nigeria’s removal from piracy-prone and high-risk maritime zones, shipowners are still paying heavy war risk insurance premiums on Nigeria-bound cargoes. Stakeholders say the charges, which have cost the country …
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BusinessEnergyGovernanceInternational RelationsOil & Gas
NNPC Congratulates Maryamu Idris on Appointment as Nigeria’s OPEC National Representative
The Nigerian National Petroleum Company Limited (NNPC) has congratulated Mrs. Maryamu Idris on her appointment as Nigeria’s National Representative to the Organisation of the Petroleum Exporting Countries (OPEC). The appointment, …
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BusinessCapital MarketCorporate EarningsEnergyNigeriaOil & Gas
OGTAN Pledges Stronger Skills Training to Boost Nigeria’s Energy Sector
The Oil and Gas Trainers Association of Nigeria (OGTAN) has reaffirmed its commitment to building fit-for-purpose skills that will strengthen Nigeria’s energy industry and ensure long-term sustainability. Speaking at the …
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BusinessEconomyEnergyGovernanceOil & Gas
Nigeria’s Crude Oil Output Falls Below OPEC Quota in August
Nigeria’s crude oil production fell again in August, reversing recent gains that had lifted the country above its OPEC quota for two consecutive months. The drop has raised fresh concerns …
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BusinessEconomyEnergyLabourTrade
Dangote Says Refinery Has Ended Nigeria’s 50-Year Fuel Queue Crisis
President and Chief Executive of Dangote Petroleum Refinery, Aliko Dangote, has declared that Nigeria’s long history of fuel scarcity and queues has finally come to an end following one year …
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BusinessEconomyForeign ExchangeGovernanceINVESTMENTOil & Gas
Nigeria Records 16-Year Low in Crude Oil Theft
Nigeria has achieved its lowest level of crude oil theft in 16 years, a development analysts say could ease pressure on the foreign exchange market, boost fiscal revenues, and restore …