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ZAMBIA'S SOLAR SHIFT: LUAPULA 50MW SOLAR PV PLANT ON COURSE FOR DECEMBER TARGET.
Zambia is making significant strides toward its ambitious goal of generating 1,000 megawatts (MW) of solar electricity by the end of the year, a key effort to bridge the energy gap that has constrained the country’s economic growth.
- 1 year
KEY AGREEMENT ON $42BN LNG PROJECT IN SIGHT.
Tanzania is finalizing a $42 billion LNG project agreement that will enable major gas development and boost the country’s energy security and economic growth. The deal, supported by President Samia Suluhu Hassan, aims to ensure local benefits, attract investment, and kickstart production by 2025.
- 1 year
KENYAN MPS BLAME TAXES — NOT IMPORT COSTS — FOR HIGH FUEL PRICES DESPITE CHEAPER DEALS THAN TANZANIA.
Kenya imports fuel at a cheaper price than Tanzania, yet high local taxes and levies make it more expensive at the pump. Lawmakers are calling for a review of the tax structure, which accounts for nearly half of the fuel cost.
- 1 year
UAE’S DANA GAS ADDS TO EGYPT GAS RESERVES.
Egypt’s natural gas reserves are set to increase following a new gas discovery by UAE-based Dana Gas.
- 1 year
GLOBAL MARKETS REACT TO MIDDLE EAST TENSIONS AS OIL SURGES.
European stock futures fell and oil prices surged as traders awaited Iran’s response to U.S. airstrikes on its nuclear facilities, Bloomberg reported.
- 1 year
OIL PRICES STABILISE AS U.S.-JAPAN TRADE DEAL EASES GLOBAL SENTIMENT AMID BROADER TENSIONS.
Oil prices found stability midweek after a three-day slide, helped by a U.S.-Japan trade agreement that momentarily eased global economic tensions. Although Brent and WTI crude both showed minimal movement, the broader outlook remains uncertain with looming geopolitical risks, ongoing trade friction with the EU and China, and fluctuating inventory levels. Market players continue to weigh conflicting signals, from falling U.S. crude stocks to the potential for new sanctions on Russian oil, making the path forward complex and fragile.
- 1 year
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