Energy

The International Monetary Fund (IMF) has set a fresh loan condition requiring Kenya to drop the fuel subsidy programme by October, exposing motorists to a sharp rise in pump prices. …

Global demand for electricity is slowing sharply this year due to sluggish economic growth and runaway energy prices and the trend will likely continue next year, the International Energy Agency …

Kenya-based CrossBoundary Energy Access (CBEA), a mini-grid infrastructure fund has announced completion of a $40 million equity investment from Norfund, the Norwegian Investment Fund for developing countries, and KLP, Norway’s …

President Muhammadu Buhari on Tuesday unveiled the new Nigerian National Petroleum Company ( NNPC) Limited, a landmark event that officially changes the oil firm from a wholly state-run entity to a …

Total Kenya has been ordered to pay a contractor more than Sh600,000 for works carried out in one of its service stations, which the oil company declined to pay, arguing …

Mainstream Renewable Power together with investment company Actis have announced the sale of Africa’s largest pure-play renewable energy independent power producer (IPP) Lekela Power, to Egyptian company Infinity Group and …

The price of crude oil climbed above the $100 mark on Sunday hitting $101.16/barrel after trading around $98/barrel since Tuesday, as oil marketers in Nigeria maintained an increased pump price …

Sasol has declared a force majeure on the supply of petroleum products after key refinery Natref was forced to shut down on Friday due to delays in the arrival of …

According to an official from PASA, Petroleum Agency SA, Legal processes lodged by coastal communities to block oil and gas exploration effectively halted R1 billion in investment into the country. …

Searcher Seismic is planning a survey looking for oil offshore South Africa, months after it called off an earlier search due to a court challenge. The company is applying for …