Algeria’s national oil company, SONATRACH, has signed a production-sharing contract with Midad Energy North Africa, a Saudi-based energy firm, for the exploration and development of hydrocarbons in the Illizi South Field, located approximately 100 km south of In Amenas.
The agreement was signed by Mr. Rachid Hachichi, Chairman and CEO of SONATRACH, and Sheikh Abdulelah Bin Mohammed Bin Abdullah Al-Aiban, Chairman and CEO of Midad Energy North Africa.
The signing ceremony was witnessed by Mr. Mohamed Arkab, Minister of State, Minister of Hydrocarbons and Mines; Dr. Abdullah bin Nasser Abdullah Al-Busairi, Ambassador of the Kingdom of Saudi Arabia to Algeria; as well as the President of the Managing Committee of the National Agency for the Valorization of Hydrocarbon Resources and the Chairman of the Hydrocarbon Regulatory Authority.
The contract, signed under the provisions of Hydrocarbon Law No. 19-13, has a duration of 30 years, extendable for an additional 10 years, and includes a 7-year exploration period.
The total investment for the exploration and development of the field is estimated at US$5.4 billion, which will be fully financed by Midad Energy North Africa. Of this amount, US$288 million is allocated for exploration activities.
The hydrocarbon program will be implemented in strict compliance with Algeria’s environmental regulations and will incorporate advanced technological and digital solutions.
Furthermore, the project emphasizes local content development, prioritizing subcontracting and procurement from national suppliers.
At the end of the contractual period, total production from the Illizi South perimeter is projected to reach 993 million barrels of oil equivalent (boe), including 125 billion cubic meters of natural gas for marketing and 204 million barrels of liquid hydrocarbons, comprising 103 million barrels of LPG and 101 million barrels of condensate.
Source: https://energynewsafrica.com
Ukraine’s drone attacks on Russian refineries crippled both Russia’s fuel production and exports, with seaborne shipments in September plunging by 17.1% compared to August, according to Reuters estimates based on data from industry sources.
Russia exported by sea 7.58 million metric tons of fuels last month, per the calculations, as shipments from the Russian ports on the Baltic Sea, Black Sea, and Azov Sea slumped by between 15% and 23%.
Exports of fuels from the Arctic ports inched up by 1.8% in September from August, while fuel shipments from Russia’s ports in the Far East fell by 1.5%.
Last month, Russia extended the ban on gasoline exports and introduced a ban on non-producers to export diesel by the end of the year.
The extension of the gasoline export ban and the introduction of a diesel export ban for trading companies is not surprising, as fuel shortages have emerged amid intensified Ukrainian drone attacks on Russian refineries and other energy infrastructure.
Russia has not commented on the extent of the damage done by Ukrainian drones, but various reports have said that at least 10 refineries have been targeted with drones by Ukraine, and some of them have sustained damages and had to temporarily halt crude intake.
Ukraine’s drone attacks on Russian refineries have resulted in a fuel crunch in Russia, where the shortage is estimated at up to 20% of demand, Ukrainian President Volodymyr Zelenskyy said last week.
“According to our data, the enemy’s gasoline shortage is up to around 20% of needs. Estimates vary from 13 to 20%, but it is confirmed that the shortage is already significant. In our view, it is about 20% today,” Zelenskyy wrote on X.
“Our weapons are delivering tangible results,” the Ukrainian president added, as both Ukraine and Russia have intensified attacks on each other’s critical energy infrastructure ahead of the winter.
Source: oilprice.com
The administration of Venezuelan leader Nicolás Maduro has offered to open up Venezuela’s oil and gold projects to U.S. companies in an attempt to appease the Trump Administration and avoid conflict, the New York Times reported on Friday, quoting multiple sources close to the discussions.
Over several months, officials of the Maduro regime have negotiated with U.S. officials offers of Venezuela’s natural resources and proposed to end some deals with Iran and Russia, in an attempt to avoid increased confrontation with the United States.
Maduro has reportedly offered the Trump Administration to open all Venezuelan oil and gold projects to U.S. companies, NYT reports.
The regime in Venezuela was also ready to offer preferential contracts to American firms, re-direct Venezuela’s oil exports from China to the U.S., and reduce energy and mining deals with companies from Iran, China, and Russia.
However, the proposal from Maduro was apparently rebuffed by the U.S. Administration, which was instructed by President Trump to cut off diplomatic efforts with Venezuela, another NYT report said earlier this week.
The cut-off of the diplomatic outreach effectively killed a possible deal, at least for now, according to NYT’s sources close to the discussion.
In recent weeks, the U.S. has sent warships to the Caribbean and has targeted small boats off Venezuela alleging they were transporting drugs.
Meanwhile, the U.S. Treasury authorized this week Shell and the government of Trinidad and Tobago to work on and develop an offshore gas field in Venezuela that is planned to supply gas to Trinidad, whose maritime border with Venezuela is close to the field.
The U.S. authorization is structured in three stages, Trinidad’s attorney general John Jeremie said on Thursday.
The first stage allows Shell and Trinidad to negotiate the project with Venezuela and its state oil and gas firm PDVSA. But the authorization makes the inclusion of U.S. firms in the project development mandatory.
“You have to hit commercial targets for U.S. companies. We don’t think those targets are hard to meet. They are reasonable,” Jeremie said at a press conference, as carried by Reuters.
Source:https://energynewsafrica.com
Africa’s petroleum refining capacity is expanding at a faster rate as Uganda’s long-awaited 60,000-barrel-per-day oil refinery project, estimated at $4 billion, advances steadily, with operations expected to commence between the fourth quarter of 2029 and the first quarter of 2030.
Upon completion, the project will significantly expand Africa’s petroleum refining capacity and become the newest major refinery after the Sentuo Refinery (60,000 barrels per day) in Ghana and Africa’s largest petroleum refinery, the Dangote Petroleum Refinery in Nigeria.
The project aims to reduce the region’s reliance on imported fuel, strengthen domestic energy security, and position Uganda as a key player in Africa’s downstream oil sector.
Located in Kabaale, Hoima District, the refinery is being jointly developed by the Uganda National Oil Company (UNOC) and UAE-based Alpha MBM Investments under a 60,000-barrel-per-day capacity agreement signed in March 2025. UNOC will hold a 40% stake, while Alpha MBM will provide the remaining 60%.
Speaking at the Invest in Uganda panel discussion during the 2025 African Energy Week in Cape Town, South Africa, Mr. Michael Nkambo Mugerwa, General Manager of the Uganda Refinery Holding Company, said the $4 billion facility will anchor the country’s transition from a crude exporter to a refined-product hub — part of Africa’s broader drive to strengthen local refining capacity and reduce reliance on imported fuels.
Mr. Michael Nkambo Mugerwa, General Manager of the Uganda Refinery Holding Company.
“This project goes beyond fuel production. We are looking at petrochemicals, kerosene, fertilizers, and gas processing — the refinery is designed to capture the full value chain,” he said, as reported by Business Insider.
The refinery forms part of a broader industrial ecosystem being developed within the Hoima Industrial Park, supported by $3–4 billion in initial investments, with the potential to attract an additional $1–2 billion.
Last year, the Ugandan government agreed to fund the refinery entirely through equity — contributing 40%, while Alpha MBM Investments LLC provides the remaining 60%. The decision followed challenges in securing international debt financing, as European and American banks increasingly distance themselves from fossil fuel projects.
However, Mugerwa noted that 15 investors have already committed to the project, alongside significant infrastructure works, including new roads, water systems, and a 200 MW high-voltage power supply.
The complex will not only serve Uganda’s domestic market but will also supply Tanzania and the Democratic Republic of Congo, creating a cross-border trade corridor for refined fuels and petrochemicals.
Ugandan leaders view the project as more than an energy milestone. Irene Bateebe, Permanent Secretary at the Ministry of Energy and Mineral Development, said the government is expanding its national energy portfolio to 10,000 MW, including hydro, solar, and nuclear sources.
“We have committed $5 billion for power infrastructure. This is about building a sustainable energy base for the future,” she said.
Uganda’s refinery joins a growing list of new African projects aimed at ending the continent’s dependence on imported fuels.
Nigeria’s $20 billion Dangote Refinery, which became operational earlier in 2025, has already reduced Nigeria’s fuel imports by more than half while exporting refined products to the U.S., Europe, and across West Africa.
The success of Dangote’s model — privately financed but nationally strategic — is now serving as a blueprint for emerging refinery projects in Uganda, Angola, and Senegal.
As global energy dynamics shift, Africa’s refining ambitions are no longer just about fuel security but also about economic sovereignty.
For Uganda, the upcoming refinery represents both a national milestone and a step toward a self-sufficient African energy landscape.
Source: https:// energynewsafrica.com
The Customs Preventive Unit of the Ghana Revenue Authority (GRA), in collaboration with the National Security, has impounded ten trucks loaded with 540,000 litres of diesel in a major fuel diversion scheme aimed at evading about GH¢2.3 million in taxes and levies.
According to the GRA, the syndicate disengaged the tracking devices shortly after loading and diverted the fuel under the cover of darkness, bypassing the designated export process.
The trucks were later intercepted at Kpone near Tema in the Greater Accra Region on October 7, 2025, following an intelligence-led operation.
Addressing journalists in Accra, the Commissioner-General of the GRA, Anthony Kwasi Sarpong, said that after a tip-off, a team monitored the trucks at the port, where the consignment was purportedly meant for export.
However, upon arrival, it was discovered that no vessel had been designated to receive the product.
Investigations further revealed that the company involved had disengaged the tracking devices on the tankers and diverted the fuel.
Source:https://energynewsafrica.com
Africa’s largest petroleum refinery, Dangote Petroleum Refinery, has dismissed recent media reports alleging that it is importing finished petrol with high sulphur content into Nigeria, describing the claims as false and misleading.
In a statement issued on Friday, the company explained that as a world-scale complex refinery, it processes a wide range of crude oils and intermediate feedstocks — a standard global practice aimed at optimising production efficiency and product quality.
“The cargo in question is an intermediate feedstock, not finished petrol,” the company clarified.
“It will be fully refined in our processing units to meet both Nigerian and international quality standards.”
Dangote Petroleum Refinery further stated that it refines and sells only high-quality fuels that comply with all regulatory specifications.
The company added that its exports of petroleum products to the United States and Europe — among the world’s most regulated markets — underscore its adherence to international benchmarks for quality and safety.
It also noted that all imported feedstocks are accompanied by quality certificates, which are transparently shared with regulators.
“We are also willing to make these documents available to the public in the interest of full transparency and accountability,” the statement added.
Dangote Refinery reaffirmed its commitment to advancing Nigeria’s energy independence, maintaining global best practices, and delivering cleaner, high-quality fuels for both domestic and international markets.
Source:https://energynewsafrica.com
Ghana’s Minister for Energy and Green Transition, Hon. John Abdulai Jinapor, has commissioned rural electrification projects in 13 new communities in the Central Gonja District of the Savannah Region.
The beneficiary communities include Zolampe, Nikpegu, Torope, Dokope, Kpatinyan, Darivogupe, Bagpe, Dawunipe, Diwurupe, Larigbani, Mammudupe, Sankaupe, and Nyinyape.
The project forms part of the government’s broader effort to extend reliable and affordable electricity to rural areas under the National Electrification Scheme.
Speaking at the commissioning ceremony on Saturday, October 11, 2025, Minister Jinapor said the initiative marks another milestone in the government’s drive to improve the quality of life in rural communities, foster inclusive growth, and ensure equitable access to modern energy services nationwide.
He revealed that Ghana has achieved about 90% electricity access — one of the highest rates in Africa — stressing that “we are determined to reach 100%. No community should be left in the dark,” he added.
Jinapor reminded residents and consumers that while the government is doing its part by expanding electricity access, citizens must also play their role by paying for the power they consume.
“If more people pay, that’s how we keep the power on. It’s a shared responsibility,” he stated.
He continued, “In Tamale, my own people have raised concerns and are agitating. I hear you, and we are willing to engage. We want to be fair. Those who have not been able to pay — let’s put them on a payment plan. But those who are hooking up illegally must stop. It’s not just unlawful; it damages transformers and affects entire communities.”
Minister Jinapor also noted that the government is implementing a Loss Reduction Programme aimed at cutting down both commercial and technical losses, emphasizing that “as a result of NEDCo’s efforts, we’ve seen about a 10% improvement in collections and reduced losses.”
“As Energy Minister, I will continue to provide every support to ensure this progress continues,” he concluded.
Source: https://energynewsafrica.com
The Transmission Company of Nigeria (TCN) has announced the arrest of four persons who attempted to vandalise towers T297, T298, and T299 along the Mando–Jos 330kV Double Circuit transmission line.
According to TCN, the suspects were apprehended by security operatives in collaboration with community vigilantes, who successfully foiled the vandalism attempt on Sunday, October 5, 2025.
TCN stated that the vandals had already removed some tower members, compromising the structural integrity of the towers. However, the line remained intact and did not collapse.
To safeguard the integrity of the transmission infrastructure, TCN engineers have commenced emergency reinforcement works on the affected towers.
These efforts, the company explained, aim to restore full stability and ensure the continued delivery of bulk power along the Mando–Jos transmission corridor.
The power transmission company commended the swift action of security operatives and members of the host community, which led to the arrest of the vandals and their suspected buyers.
The suspects are currently in police custody in Saminaka, Kaduna State, where investigations are ongoing.
TCN urged communities across the country to remain vigilant and to promptly report any suspicious activities around transmission facilities to security agencies or the nearest TCN office.
The company reaffirmed its commitment to working with security operatives to protect Nigeria’s transmission infrastructure and to ensure efficient and reliable power delivery nationwide.
Source: https://energynewsafrica.com
BP has won an arbitration case it brought against Venture Global, alleging that the LNG exporter had violated its long-term supply contract with the supermajor in order to make bigger profits on the spot market.
The development delivers a blow to Venture Global, which has become one of the largest exporters of liquefied natural gas in the United States in a matter of years, not least because it tapped the spot market right when demand for gas was soaring.
The problem that BP and half a dozen other energy companies had with that was that they had long-term contracts with Venture Global and were not getting any deliveries.
To do that, Venture Global used a loophole that allowed it to delay the official commissioning of its liquefaction plant.
This is what made it possible for the company to sell substantial amounts of LNG to spot market buyers and not deliver any volumes to its long-term clients—and funders of the facility.
BP, Shell, and Spain’s Repsol, along with two other European energy companies, were foundation buyers for the Calcasieu Pass facility, meaning they provided Venture Global with the money to build the place in Louisiana in exchange for a commitment from the company to supply them with certain volumes of LNG over a long-term period.
Naturally, this did not sit well with BP, Shell, Eni, or Repsol, all of whom took the matter to arbitration court, accusing Venture Global of making billions from the above tactics while they had to source LNG from other suppliers.
Interestingly, just two months ago, the court looking into all the arbitration cases against Venture Global found in favor of the latter against Shell. The court said Venture Global had not violated its long-term contract with the supermajor by delaying the start of cargo deliveries.
Source: Oilprice.com
A delegation from the National Petroleum and Regulatory Authority (NPRA) of Sierra Leone is in Ghana to understudy the operations of the National Petroleum Authority (NPA).
The visit focuses on policy administration, regulatory frameworks, and the technical advancements that have positioned the NPA as a model institution in the sub-region.
The delegation comprises Ms. Wuyah Deen Sucarray, Director of Policy Planning and Coordination at the NPRA, and Ms. Aminata Margaret Kora, Assistant Manager for Human Resources and Administration.
Welcoming the delegation, the Chief Executive of the NPA, Mr. Godwin Kudzo Tameklo (Esq.), said it was encouraging to see other countries taking an interest in Ghana’s petroleum management systems, describing it as a testament to the Authority’s progress and effectiveness.
He expressed appreciation for the visit and urged the delegation to adopt best practices that would contribute to the collective growth and development of Africa’s energy sector.
Responding, the leader of the delegation, Ms. Wuyah Deen Sucarray, expressed gratitude to the NPA for its openness and willingness to share knowledge.
She commended the Authority’s leadership and emphasized that the insights gained from the visit would enhance their operations and regulatory capacity back home.
Ms. Sucarray added that Sierra Leone’s Minister of Trade and Industry, Alpha Ibrahim Sesay, and the Chief Executive of the NPRA, Chief Brima Baluusa Koroma, would visit Ghana at a later date to further strengthen ties between the two countries.
Heads of the various technical departments have since taken the visiting team through their operations and underlying policy frameworks.
Source: https://energynewsafrica.com
TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, has invested more than $1 billion in seismic data acquisition across Africa to stimulate investment in the continent’s upstream sector, Chief Executive Officer Kristian Johansen has revealed.
According to him, 70% of the company’s extensive seismic data library covers Africa, made possible through strong partnerships with local authorities.
Speaking at the recently concluded African Energy Week (AEW) in Cape Town, Johansen said TGS is helping Africa unlock its energy potential through cutting-edge imaging technologies powered by artificial intelligence, machine learning, and world-class computing systems.
He emphasized that TGS believes Africa’s energy future must be anchored in local capacity development, robust supply chains, inclusive job creation, and resilient communities.
Johansen observed that with its vast resources, Africa has a unique opportunity to forge a new path — blending oil, gas, renewables, and digitalization on African terms for African people.
“At TGS, we are deeply committed to partnering with you on this journey — exploring a continental marketplace for innovation, investment, and ambition. Let us make this the decade in which Africa’s energy sector not only meets its potential but leads the world, driving prosperity, resilience, and transformation,” he said.
Source: https://energynewsafrica.com
Sahara Group Foundation, the corporate social impact vehicle of Sahara Group, has commissioned its 15th Sahara Go Recycling Hub in Ijede, Ikorodu Local Government Area of Lagos State, reaffirming its commitment to sustainable waste management, environmental protection, and community empowerment in Nigeria.
The new hub, strategically located opposite the General Hospital in Ijede, extends the Foundation’s growing recycling campaign, building on the success of 14 hubs already established across Lagos.
The Sahara Go Recycling initiative is designed to promote a circular economy by reducing waste, fostering resource recovery, and empowering local communities with opportunities to earn income from recyclables.
Speaking at the commissioning, Chidilim Menakaya, Director of Sahara Group Foundation, said: “The launch of the Ijede Go-Recycling Hub is not just about environmental sustainability; it is about redefining value, creating opportunities for economic empowerment, and building resilient communities that can lead the charge for sustainability.
Every plastic bottle, aluminium can, or piece of paper recycled here marks a step toward a cleaner environment, stronger livelihoods, and a future where waste is transformed into wealth.”
She underscored the Foundation’s vision of inspiring a ripple effect of sustainable practices across communities.
The event was attended by the Chief Executive Officer of Egbin Power Plc, executives and representatives of Sahara Group, Egbin Power Plc, and Ikeja Electric, the Vice Chairman of Ijede Local Council Development Area (LCDA), officials from the Ijede General Hospital, as well as dignitaries, traditional leaders, and community members.
Mokhtar Bounour, CEO of Egbin Power Plc, remarked: “At Sahara, Egbin, Ikeja Electric, and across all our businesses, we don’t just say it—we act on it. We are committed to making a difference and ensuring that communities are empowered.
A cleaner Ijede means a healthier Ikorodu and ultimately a stronger Nigeria. This initiative has the power to enhance public health while stimulating economic empowerment for our people.”
Hon. Kabir Femi Kareem, Vice Chairman of Ijede Local Government, representing the Executive Chairman, emphasised the hub’s importance to Ijede residents, especially given its strategic location.“The essence of this project is environmental sustainability and value creation. When we transform our waste into resources, it is a symbiosis—improving our environment, reducing greenhouse gases and global warming. Ultimately, we are creating job opportunities and saving energy.”
He urged all Ijede residents to embrace the project and minimise improper waste disposal.
High Chief Mustapha Lasisi, Baale of Ipakan Community, Ijede, commended the collaboration between Sahara Group Foundation, Egbin Power Plc, Ijede LCDA, and EcoBarter, describing the hub as a vital contribution to the well-being and livelihoods of Ijede residents, particularly for its economic value.
Since its inception, the Sahara Go Recycling Initiative has collected over 500 tonnes of recyclable waste and facilitated payouts exceeding ₦50 million to beneficiaries. The programme has positively impacted more than 1,000 households, creating alternative income streams, supporting livelihoods, and reinforcing environmental sustainability.
The new hub in Ijede was implemented in partnership with Egbin Power Plc, Ijede LCDA, and EcoBarter. It provides a convenient drop-off point for recyclable materials, including plastics, cartons, paper, and aluminium cans.
Residents are encouraged to exchange their recyclables for incentives at the hub—joining a growing network of locations across Lagos, including Ijora, Ikorodu, Agege, Festac, Onigbongbo, Lagos Island, Oworonshoki, Ikotun, Apapa, Igbogbo Baiyeku, Kosofe, Ifako-Ijaye, and Navy Town.
Mrs. Ayodele Michael Oluwakemi, Council Manager of Ijede Local Government, called on residents to embrace the initiative, sort their waste, and turn in recyclables to the hub in exchange for value, noting that this will contribute to a cleaner, greener Ijede.
Roseline Idehai, representing EcoBarter, added: “At EcoBarter, we believe waste is not a problem but an opportunity. Our partnership with Sahara Group Foundation ensures this opportunity becomes a sustainable reality—empowering individuals and inspiring collective action toward a cleaner Lagos. We allow people to use their waste as currency and get value for every recyclable turned in.”
Mr. Disu Shoyiga, Personal Assistant to the Executive Chairman, Ijede Local Government, noted the health benefits of the initiative, stating: “A cleaner environment translates directly into healthier lives. The added benefit of this project is the economic value it brings to the people. We are grateful to the Sahara Group Foundation and will ensure that the hub remains viable.”
Reiterating Sahara Group Foundation’s vision, Chidilim Menakaya added:
“The Sahara Go Recycling project is creating a ripple effect across Lagos, enabling households and communities to see value in responsible waste management. Through strategic partnerships, we are amplifying impact and building sustainable ecosystems for future generations.”
She concluded: “At Sahara Group Foundation, we believe in EXTRApreneurship—building sustainable ecosystems through collaborations that inspire change. With Ijede now part of our network, we are one step closer to achieving a truly circular economy in Nigeria.”
Sahara Group Foundation plans to expand the Go Recycling Initiative to more communities in Lagos and across Africa, reinforcing its mission of Building Sustainable Communities through EXTRApreneurship.
Source:https://energynewsafrica.com
Ghana’s Minister for Energy and Green Transition, John Abdulai Jinapor, who also serves as the Member of Parliament for Yapei Kusawgu in the Savannah Region, has launched an Education Scholarship Fund with a seed capital of GH¢1 million to support brilliant but needy tertiary students in his constituency.
According to the Minister, the initiative seeks to provide financial assistance to students across various levels of education—from basic to tertiary institutions—helping to ease the financial burden on parents and promote equal access to quality education.
Speaking at the launch, Minister Jinapor reaffirmed his commitment to human capital development, emphasizing that education remains the most powerful tool for transforming lives and communities.
He stated that the fund will be managed transparently to ensure that beneficiaries are selected based on merit and genuine need.
“The Education Scholarship Fund forms part of my broader vision to empower the youth, improve educational outcomes, and promote sustainable development in the Yapei Kusawgu Constituency,” the Minister wrote on his Facebook page after the launch.
Source: https://energynewsafrica.com
Kenya Power has recorded a profit after tax of KShs.24.47 billion( equivalent of $188,957,528.91) for the 2024/25 financial year, driven by lower costs of sales, higher electricity unit sales, and improved system efficiencies.
However, the company’s profitability declined by 18.7% compared to the KShs.30.08 billion recorded in the previous financial year.
The growth in profitability was supported by an increase in electricity sales, which rose by 887 GWh to 11,403 GWh — representing an 8% increase in sales — while total unit purchases grew by 787 GWh. The overall cost of sales declined by 4%, from KShs.150.6 billion to KShs.144.6 billion, resulting in savings of KShs.5.94 billion.
The savings were largely attributed to the stability of the Kenyan shilling against major foreign currencies in which most Power Purchase Agreements (PPAs) are denominated.
“The base tariff has been coming down over the last two years, reflecting the government’s commitment to lowering the cost of electricity. This is a positive move for consumers as it makes electricity more affordable, encouraging higher consumption.
In turn, this will positively impact the company as we can leverage economies of scale to remain profitable. You can already see that impact in our results this year, as we sold more units at a lower price and still remained profitable,” said Kenya Power Managing Director and CEO, Dr. (Eng.) Joseph Siror.
The company’s operating expenses decreased by KShs.3.86 billion, mainly due to lower expected credit losses, reflecting prevailing macroeconomic conditions and improved customer payment behavior.
The utility’s Board of Directors has recommended a final dividend of KShs.0.80 per ordinary share, having already paid an interim dividend of KShs.0.20 per share in the first half of the year.
“For the second year in a row, the company is paying out a dividend to investors, and we remain confident that as our financial performance improves, dividend payments will be sustained.
Dividend payouts have significantly strengthened investor confidence in the company. The Kenya Power share price has appreciated by more than 900% — from a low of KShs.1.38 in December 2023 to over KShs.15.
This performance reflects renewed investor confidence in our transformation journey and our capacity to deliver sustainable growth and long-term value,” said Joy Brenda Masinde, Kenya Power Board Chairperson.
From a customer perspective, the company surpassed the 10 million customer mark, connecting 401,848 new customers during the period and expanding its total customer base to over 10.1 million.
Kenya Power also improved its distribution and transmission efficiency to 78.79%, up from 76.84% the previous year, driven by ongoing grid upgrades, system reinforcement, and loss reduction initiatives.
Source: https://energynewsafrica.com
Jinapor reminded residents and consumers that while the government is doing its part by expanding electricity access, citizens must also play their role by paying for the power they consume.
“If more people pay, that’s how we keep the power on. It’s a shared responsibility,” he stated.
He continued, “In Tamale, my own people have raised concerns and are agitating. I hear you, and we are willing to engage. We want to be fair. Those who have not been able to pay — let’s put them on a payment plan. But those who are hooking up illegally must stop. It’s not just unlawful; it damages transformers and affects entire communities.”
Minister Jinapor also noted that the government is implementing a Loss Reduction Programme aimed at cutting down both commercial and technical losses, emphasizing that “as a result of NEDCo’s efforts, we’ve seen about a 10% improvement in collections and reduced losses.”
“As Energy Minister, I will continue to provide every support to ensure this progress continues,” he concluded.
Source: https://energynewsafrica.com 
He expressed appreciation for the visit and urged the delegation to adopt best practices that would contribute to the collective growth and development of Africa’s energy sector.
Responding, the leader of the delegation, Ms. Wuyah Deen Sucarray, expressed gratitude to the NPA for its openness and willingness to share knowledge.
She commended the Authority’s leadership and emphasized that the insights gained from the visit would enhance their operations and regulatory capacity back home.
Ms. Sucarray added that Sierra Leone’s Minister of Trade and Industry, Alpha Ibrahim Sesay, and the Chief Executive of the NPRA, Chief Brima Baluusa Koroma, would visit Ghana at a later date to further strengthen ties between the two countries.
Heads of the various technical departments have since taken the visiting team through their operations and underlying policy frameworks.
Source: https://energynewsafrica.com 
