South Africa has established a multi-disciplinary revenue committee to address municipal and government debt to Eskom which currently sits at around R50 billion. Eskom is part of the committee, and …
Energy
- BusinessEnergySouthern AfricaTechnology
- BusinessEconomyEnergyMarketsMorocco
Morocco’s Trade Deficit expands to $50 Billion in the first nine months of 2022
Morocco’s trade deficit continues to climb to new heights amid the ongoing energy and grain price crisis. At the end of September 2022, the country’s trade deficit rose to MAD …
- BusinessEnergyOil & GasSouthern AfricaTechnology
Eskom reveals Kusile unit1 gas failure, possibilities of remaining offline for months
Eskom has revealed that a section of the Kusile unit 1 flue gas duct has failed and could remain offline for months. The power utility explained that the duct is …
- AFRICA NEWSBusinessEconomyEnergyNigeria
Power generation on the national grid increases by 4,864MW in 48 hours
Power generation on the national grid increased by 834.8 megawatts between Monday and Wednesday morning, hitting a high of 4,863.7MW at 6am on Wednesday. Data obtained from the Abuja headquarters …
Power outages have been reported in Nairobi, Mt Kenya and Coast areas, affecting thousands of businesses. A spot-check by Capital Business revealed that building in Nairobi Town were out of power, forcing businesses …
- Banking, Finance & InvestmentEconomyEnergySouth AfricaSouthern Africa
South Africa’s growth rate would expand if it moves away from coal
South Africa could achieve higher economic growth if it moves away from coal and adopts renewable energy sources, a report by the World Bank shows. The Country Climate and Development …
The Independent Petroleum Marketers Association of Nigeria, on Monday, threatened to withdraw its service over incessant increment on the price of the premium motor spirit in the Eastern part of …
- BusinessEconomyEnergyMoroccoOil & Gas
Sound Energy and Attijariwafa Bank in Talks to Fund Tendrara and Anoual Gas Exploration in North Morocco
Sound Energy, a London-listed energy company, announced today that it is extending the negotiation period with Attijariwafa Bank, Morocco’s largest bank, on funding the Grand Tendrara and Anoual gas exploration …
- EconomyEnergyMarketsMorocco
Electric Storage Maker EcoFlow announced extending it’s operations to Morocco
EcoFlow, a company specializing in electricity storage solutions announced it is extending its operations to Morocco. Commenting on the decision to enter Morocco’s market, EcoFlow said that Morocco has a …
- EnergyNigeriaTechnologyWestern Africa
Seplat witnesses a profit jumps 9-month by 144% to N34 billion amid oil price boom
Nigeria’s biggest quoted oil and gas company Seplat Energy Thursday posted a net profit of N34 billion ($618.6 million) for the year to September, 144 per cent stronger than the …