Malawi To Import Power From Mozambique Soon As Interconnector Project Nears Completion
Malawi is on the verge of importing electricity from Mozambique, with the Mozambique–Malawi Power Interconnector Project approaching completion, officials from the Malawi Mission in Mozambique announced.
Malawi’s High Commissioner to Mozambique, Wezi Moyo, confirmed this when she inspected progress of work at the ongoing Matambo substation.
The project includes the construction of a 400 kV substation at Matambo in Mozambique’s Tete Province, a 220 kV transmission line linking to an existing substation, and a 142‑kilometre, 400 kV transmission line connecting the Matambo substation to Malawi’s Phombeya substation.
She expressed satisfaction at the progress of work, noting that system checks, testing and energisation of equipment are currently underway.
Touching on the transmission line, she said 326 of the 337 towers along a 126‑kilometre stretch had been erected, leaving just 11 to be completed, while stringing is being finalised on the remaining 15 kilometres.
According to her, the most significant outstanding work is at the Zambezi River crossing, where two giant towers are being constructed to support the power line.
These structures are set to become the tallest transmission towers in Africa.
“One tower will reach 196 metres, with 126 metres completed so far, while the second will stand at 200 metres, with 32 metres built to date,” she said.
According to Moyo, the towers are engineered to withstand floods and cyclones and are designed to last 500 years—far surpassing the typical 50‑year lifespan of standard towers.
The project is expected to be fully completed by the end of November, with commissioning planned for mid‑ to late‑December.
Once operational, the interconnector will allow Malawi to import a minimum of 50 MW of power from Mozambique.
Officials say the project will bolster Malawi’s electricity supply, create avenues for regional power trading, and deepen economic integration between the two neighbouring countries.
Tanzania: Energy Minister Ndejembi Urges PURA To Fast-Track Oil, Gas Exploration Efforts
Tanzania’s newly appointed Minister for Energy, Hon. Deogratius Ndejembi, has urged the Petroleum Upstream Regulatory Authority (PURA) to develop robust strategies to accelerate oil and natural gas exploration in the country.
Ndejembi made the call in Dar es Salaam on Monday during his maiden meeting with the management of PURA.
During the meeting, he said he expects PURA to intensify efforts in formulating and implementing strategies that will expedite oil and gas exploration, noting that such studies typically take a long time.
“I expect to see PURA preparing and implementing strategies that will stimulate the exploration of oil and natural gas in various blocks, including Ruvu, Mkuranga, and Tanga, and clearly outline what needs to be done for us to achieve the desired results,” said Ndejembi, who represents the Chamwino Constituency in Dodoma.
Ndejembi further urged PURA to continue providing constructive advice to the Ministry on how to make the investment environment in the petroleum upstream sector more competitive, so that the country can achieve optimal results as it prepares for the fifth licensing round for oil and gas exploration blocks.
“Before we move to the fifth licensing round, I expect PURA to advise the Ministry on the steps we should take to make the environment more attractive to the investors we are targeting, while safeguarding our national interests. I expect this advice to come quickly so that we can make the process successful,” Ndejembi stressed.
He added that successfully executing the fifth licensing round will not only boost government revenue but also enable the Ministry to help the Government make a positive mark on the sector.
For his part, PURA Director General Engineer Charles Sangweni, speaking on behalf of PURA management, thanked Minister Ndejembi and the Ministry’s leadership for taking the time to meet with them.
Sangweni also pledged that PURA will continue to perform its duties effectively to achieve sectoral goals and contribute to Vision 2050.
Liberia: LERC Empowers LEC To Expand Utility Service Coverage
Liberia’s Electricity Regulatory Commission (LERC) has amended the distribution licence of the Liberia Electricity Corporation (LEC) to enable the state-owned utility to expand its coverage to parts of Grand Bassa, Rivercess, and Bong counties.
This marks another step in the government’s plan to widen access to reliable and affordable electricity across the country.
A statement issued on Tuesday by LEC noted that the revised licence authorises the company to extend power distribution to new communities previously outside its official service area.
The move is expected to support ongoing energy infrastructure projects and strengthen national electrification targets.
Representing LEC at the licence issuance were Varmu A. Reeves, Project Coordinator in the Division of Projects; George Hakeem Tawalah, Senior Manager of the Commercial Division; and Henry Sambolah, Senior Manager for Regulatory. They received the amended licence on behalf of the corporation’s management.
The expansion will enable more households and businesses to benefit from formal electricity connections.
Ghana: GRIDCo Recognises AngloGold Ashanti For Continued Support At Its 2025 Safety Durbar
Ghana’s power transmission company, GRIDCo, has recognised AngloGold Ashanti (Obuasi and Tarkwa mines) and one of its engineers, Ing. Kisman Eghan, for their outstanding collaboration with GRIDCo over the years in delivering reliable power supply to the mining sector.
The recognition formed part of the annual Corporate Safety Durbar and Awards Ceremony, which climaxed a month-long safety awareness campaign by the company and its staff to emphasise safe operational practices.
In his welcome address, the Director of the Technical Services Department, Ing. Vincent Boachie, expressed appreciation to management and staff for their participation in the Safety Awareness activities.
He noted that the durbar was not only a celebration but also a reminder of GRIDCo’s collective responsibility to keep safety at the heart of its operations.
“Safety is really about our habits, our well-being, and looking out for one another. Recording no major incidents this year is proof that vigilance and discipline are paying off.”
He further highlighted GRIDCo’s progress towards ISO 45001 compliance, improvements in fire safety systems, and expanded training programmes, which he said position the company firmly within international best practice.
The awards segment, which was the highlight of the Safety Durbar, honoured AngloGold Ashanti (Obuasi Mine) with the Collaboration Award for their longstanding work with GRIDCo and for their rapid mobilisation and technical assistance when GRIDCo’s Obuasi Substation suffered a fire in May 2025. Their support helped contain the situation and safeguard the transmission network and power supply requirements in Obuasi.
Meanwhile, AngloGold Ashanti (Obuasi Mine) Energy & Specialist for Engineering, Ing. Kisman Eghan, received the Chief Executive’s Special Award for facilitating engineering support for GRIDCo in the aftermath of the Obuasi substation fire.
Responding to the recognition, Ing. Kisman Eghan stated, “Our two businesses are high-risk, so if you joke with safety, it’s not good. That is why we take a keen interest in safety.”
He reaffirmed AngloGold Ashanti’s commitment to working hand in hand with GRIDCo to uphold protocols and deliver safe, reliable power for Ghana’s mining sector.
He underscored the longstanding partnership with GRIDCo as vital to powering the mining industry, noting that mining operations depend on electricity that is available, reliable, and cost-effective throughout the life of the mine.
He emphasised AngloGold’s core values—safety, respect, integrity, sustainability, excellence, and collaboration—stressing that safety and collaboration are paramount in both mining and energy operations.
Delivering an address on behalf of the Chief Executive, the Deputy Chief Executive (Engineering and Operations), Ing. Frank Otchere, cautioned staff, saying, “Electricity is the very commodity that drives development, yet it remains a dangerous force that can kill us if we take it for granted. That is why strict adherence to safety protocols—even when they seem bureaucratic or laborious—is critical.”
He urged employees to maintain vigilance, discipline, and consistent use of PPE to safeguard lives and GRIDCo’s reputation in the energy sector.
The event marked the culmination of activities including a health walk, blood donation drive, workplace ergonomics assessments and presentations, aerobics sessions, and the Interdepartmental Safety Quiz, which was won by Isaac Adade of GRIDCo’s Kumasi Operational Area.
All activities were designed to promote health, well-being, and operational discipline across the company.
The programme, held in Kumasi on Friday, 21 November 2025, was themed “Revolutionising Occupational Safety and Health: The Role of Technology and Innovation.”
It coincided with the International Labour Organisation’s ongoing global conversation on workplace safety.
The 2025 Safety Durbar brought together management, staff, industry experts, and partners in a collective reaffirmation of GRIDCo’s commitment to workplace safety.
It also reiterated the need for GRIDCo’s safety culture to align with international standards.
GRIDCo continues to be at the forefront of nurturing a culture of vigilance and empowering its workforce.
The Safety Awareness Celebration serves as a moment of reflection, appreciation of progress, and recommitment to the collective vision of making GRIDCo a safer and more secure working environment.
The awards segment, which was the highlight of the Safety Durbar, honoured AngloGold Ashanti (Obuasi Mine) with the Collaboration Award for their longstanding work with GRIDCo and for their rapid mobilisation and technical assistance when GRIDCo’s Obuasi Substation suffered a fire in May 2025. Their support helped contain the situation and safeguard the transmission network and power supply requirements in Obuasi.
Meanwhile, AngloGold Ashanti (Obuasi Mine) Energy & Specialist for Engineering, Ing. Kisman Eghan, received the Chief Executive’s Special Award for facilitating engineering support for GRIDCo in the aftermath of the Obuasi substation fire.
Responding to the recognition, Ing. Kisman Eghan stated, “Our two businesses are high-risk, so if you joke with safety, it’s not good. That is why we take a keen interest in safety.”
He reaffirmed AngloGold Ashanti’s commitment to working hand in hand with GRIDCo to uphold protocols and deliver safe, reliable power for Ghana’s mining sector.
He underscored the longstanding partnership with GRIDCo as vital to powering the mining industry, noting that mining operations depend on electricity that is available, reliable, and cost-effective throughout the life of the mine.
He emphasised AngloGold’s core values—safety, respect, integrity, sustainability, excellence, and collaboration—stressing that safety and collaboration are paramount in both mining and energy operations.
Delivering an address on behalf of the Chief Executive, the Deputy Chief Executive (Engineering and Operations), Ing. Frank Otchere, cautioned staff, saying, “Electricity is the very commodity that drives development, yet it remains a dangerous force that can kill us if we take it for granted. That is why strict adherence to safety protocols—even when they seem bureaucratic or laborious—is critical.”
He urged employees to maintain vigilance, discipline, and consistent use of PPE to safeguard lives and GRIDCo’s reputation in the energy sector.
The event marked the culmination of activities including a health walk, blood donation drive, workplace ergonomics assessments and presentations, aerobics sessions, and the Interdepartmental Safety Quiz, which was won by Isaac Adade of GRIDCo’s Kumasi Operational Area.
All activities were designed to promote health, well-being, and operational discipline across the company.
The programme, held in Kumasi on Friday, 21 November 2025, was themed “Revolutionising Occupational Safety and Health: The Role of Technology and Innovation.”
It coincided with the International Labour Organisation’s ongoing global conversation on workplace safety.
The 2025 Safety Durbar brought together management, staff, industry experts, and partners in a collective reaffirmation of GRIDCo’s commitment to workplace safety.
It also reiterated the need for GRIDCo’s safety culture to align with international standards.
GRIDCo continues to be at the forefront of nurturing a culture of vigilance and empowering its workforce.
The Safety Awareness Celebration serves as a moment of reflection, appreciation of progress, and recommitment to the collective vision of making GRIDCo a safer and more secure working environment. Venture Global Accuses Shell Of Waging A Campaign To Damage Its Business
Venture Global has accused Shell of trying to damage its business by waging a “campaign” against it over the past three years, the Financial Times has reported, citing an internal message that Venture Global’s owners sent out to staff.
“Shell’s action relies on completely baseless claims and is an unfortunate continuation of their three-year campaign to damage Venture Global. This behaviour should be very concerning to Shell’s employees, board of directors and shareholders,” Michael Sabel and Robert Pender, who co-founded Venture Global, wrote to employees in their Thanksgiving message. Shell has sued Venture Global for selling LNG on the spot market while foregoing long-term supply contracts because of delaying the commissioning phase of its first LNG plant at Calcasieu Pass. Shell and other major oil and gas firms accused Venture Global in 2023 of profiteering by selling on the higher-price spot market LNG cargoes that should have been supplied under their long-term contracts. The U.S. firm used a loophole to do that by extending the deadline for officially commissioning the Calcasieu Pass export project. In August, Shell lost the arbitration against Venture Global as the tribunal ruled that the U.S. company had not violated its contractual obligations with its long-term clients. Venture Global claimed that it was under no obligation to honor its long-term commitments until the plant was officially commissioned, which happened earlier this year. Meanwhile, it managed to build a second LNG facility that produced its first LNG at the end of 2024—before the first one was officially commissioned. Now, Shell is appealing the first court’s decision on the arbitration case, taking it to the New York Supreme Court earlier this month. The supermajor has alleged that Venture Global had withheld information from Shell and the arbitration court hearing their original case.Ghana: GNPC, Explorco Dismiss Claim They Valued Springfield E&P’s Assets At US$700 Million
Ghana’s national oil company, GNPC, and its subsidiary Explorco have dismissed claims that they valued wholly‑owned Ghanaian upstream player Springfield E&P’s assets at US$700 million, nor did they advise the government to make any payment on the basis of such a valuation.
A statement issued on Monday clarified that, as part of its commercial mandate, the corporation routinely evaluates assets under various scenarios and assumptions, including price, costs and volumes, and may adopt different perspectives depending on whether it is acting as a buyer or a seller.
“Such a process does not constitute a decision on any particular value at any time,” the company stated.
GNPC and its subsidiary, GNPC Explorco, also rejected claims that they supplied outdated datasets or withheld updated technical information from a U.S.-based consultant, Ryder Scott Company (Sewell), contracted to evaluate Springfield E&P’s assets.
“We did not provide Sewell with any secondary data,” the company emphasised.
According to GNPC, Sewell’s own report clearly states that all data used in its assessment were provided solely by Springfield E&P. GNPC added that Springfield neither informed the corporation nor sought approval before submitting the dataset to Sewell.
It would be recalled that on Wednesday, November 19, 2025, the Ministry of Energy and Green Transition announced in a statement that GNPC and Explorco had begun what it described as “constructive discussions” regarding a possible takeover of Springfield E&P’s Afina-1X well within the WCTP Block 2.
The ministry explained that the move aimed to help reverse the decline in crude oil production, which currently stands at about 150,000 barrels of oil per day (bopd), down from over 200,000 bopd in 2019.
However, the purported takeover plan has heightened concerns among some civil society organisations and social commentators.
The Afina-1X well, originally drilled in 2019, is located at a water depth of 1,030 metres and reaches a total depth of 4,085 metres. The well uncovered a 65-metre-thick light oil reservoir, with 50 metres of net oil pay in high-quality Cenomanian sandstone formations.
An additional 10 metres of gas- and condensate-bearing sands were encountered in Turonian-age formations at the structure’s edge.
Springfield E&P later claimed that the Afina-1X discovery straddles Eni’s Sankofa field, which also lies within the WCTP area. This claim prompted the Ministry of Energy under the previous government to direct both companies to jointly develop the resource for the nation’s maximum benefit.
The directive led to a dispute between the two companies, with Springfield E&P filing a lawsuit against Eni in Ghana, while Eni initiated legal action against Springfield E&P in London.
To restore harmony in the upstream sector and rebuild investor confidence, President John Dramani Mahama, upon assuming office, reversed the directive— a decision later confirmed by the Ministry of Energy and Green Transition in a statement to the media.
Following the reversal, Eni and its OCTP partners signed an MoU during the Africa Oil Week (AOW) in Accra in September 2025 to invest US$1.5 billion in their operations in Ghana.
Ghana: DR Congo Petroleum Regulators, Marketers Visit NPA To Study Its Operations
Ghana’s National Petroleum Authority (NPA), the regulator of the petroleum downstream sector, has hosted a team of petroleum regulators and marketers from the Democratic Republic of Congo (DRC) who are in the country to understudy Ghana’s downstream petroleum operations.
The visit focused on learning about the NPA’s role in promoting transparency, efficiency, and safety in the downstream petroleum industry.
Welcoming the delegation, the NPA Chief Executive, Mr. Godwin Kudzo Tameklo, Esq., said the choice of Ghana for the study tour “underscores a desire by the team to learn a lot.”
He noted that the Authority has accumulated 20 years of experience in regulating Ghana’s downstream petroleum sector.
Mr. Tameklo said the NPA has introduced several policies and technological innovations to enhance effective regulation of the industry.
He cited the Bulk Road Vehicle (BRV) Tracking System and the Unified Petroleum Price Fund (UPPF) as key initiatives used to monitor fuel tanker movements and ensure uniform petroleum pricing across the country.
The NPA Boss said the DRC team could tap into Ghana’s experience and replicate similar interventions in their country.
“You do not have to reinvent the wheel. You can learn from the NPA’s experience. I believe that you will take your time so that your visit will be worthwhile,” he told the delegation.
Mr. Tameklo added that the downstream petroleum sector contributes between eight and nine percent to Ghana’s Gross Domestic Product (GDP), serving the aviation, telecommunications, and other key sectors of the economy.
“It is a pillar of the entire economy,” he emphasized.
In his response, the leader of the delegation, Mr. Jacque Mayinga, said the team was ready to learn from the NPA to improve downstream petroleum regulation and operations in the DRC.
Ghana: Former BOST Energies MD Released After Meeting GH¢30m Bail
The immediate past Managing Director of Bulk Energies — formerly the Bulk Oil Storage and Transportation (BOST) Company Limited — Dr. Alfred Edwin Provencal, was released from the custody of the Economic and Organised Crime Office (EOCO) on Tuesday after meeting his GH¢30 million bail condition.
The anti-corruption agency had arrested him at the Kotoka International Airport (KIA) on Monday, November 10, while he was attempting to board a flight to Maputo, Mozambique.
He was reportedly placed on a stop list as part of ongoing investigations into an alleged case of causing financial loss to the state during his tenure at BOST Energies.
Sources close to him indicated that he had been accused of causing financial loss to the state for allegedly failing to expedite the clearance of petroleum products imported by BOST Energies, which remained at the port and attracted demurrage charges.
Speaking to journalists after his release, his legal counsel, Charles Okyere, expressed gratitude to all who had shown solidarity throughout the period.
“Finally, he has met the bail condition, so he has been allowed to go home. He is really thankful for the support,” he said.
Togo: UK Commits €62 Million To Expand Electricity Access In Rural Communities
The United Kingdom has signed a €62 million (approximately CFA40 billion) financing agreement with the Togolese government to expand electricity access to rural communities in Togo.
The agreement was signed on the sidelines of the fourth edition of the UK–West and Central Francophone Africa Forum (UK-WCAF IV) in Lomé.
The funding will support the electrification of 312 rural localities, directly benefiting nearly 250,000 people.
The project includes the construction of 1,300 km of medium-voltage lines, 882 km of low-voltage lines, and 312 transformer stations.
The signing of this agreement—one of the first tangible outcomes of UK-WCAF IV—comes as Togo intensifies efforts to achieve universal electricity access by 2030.
Previous initiatives implemented with partner support have already helped the country reach an electricity access rate of 70% by the end of 2024.
In a parallel effort to improve energy access, particularly in rural areas, Lomé and Beijing concluded an agreement in early November for the supply of solar kits under the Africa Solar Belt project.
This initiative, aimed at supporting the energy transition and combating climate change, involves the donation of 3,900 photovoltaic kits to meet the energy needs of more than 20,000 Togolese living in areas not yet connected to the national grid.
Nigeria: Dangote Refinery Partners With U.S. Firm Honeywell To Drive 1.4 Million BPD Expansion
Africa’s largest petroleum refinery, the Dangote Petroleum Refinery in Lagos, Nigeria, on Tuesday announced that it has selected U.S.-based Honeywell as its strategic partner for the planned expansion of its capacity from 600,000 barrels per day to 1.4 million barrels per day by 2028.
If achieved, this milestone would make the Dangote Refinery the world’s largest single-location refining complex.
This latest development comes just a month after the founder and Chairman, Aliko Dangote, unveiled the refinery’s expansion programme.
According to the refinery’s management, Honeywell will supply catalysts, specialist equipment, and technology solutions to enable the facility to process a broader slate of crude grades. The collaboration is expected to significantly enhance operational efficiency and support the projected ramp-up in output.
“Dangote Group is pleased to announce that it has entered a strategic partnership with Honeywell International Inc. to support the next phase of expansion of the Dangote Petroleum Refinery. This collaboration will provide advanced technology and services that will enable the refinery to increase its processing capacity to 1.4 million barrels per day by 2028, marking a major milestone in our long-term vision to build the world’s largest petroleum refining complex.
“Through this agreement, Honeywell will supply specialised catalysts, equipment, and process technologies that will allow the refinery to process a broader slate of crude grades efficiently, while further enhancing product quality and operational reliability,” the statement said.
Under the deal, Dangote will also deploy Honeywell UOP’s Oleflex technology to boost its polypropylene capacity to 2.4 million metric tonnes per year, strengthening Nigeria’s position in the global petrochemicals market.
Although the financial terms were not disclosed, a source familiar with the transaction indicated that the agreement could exceed US$250 million, depending on the final configuration of the expansion.
“Dangote Group is also advancing its petrochemical footprint. As part of the wider collaboration, we are scaling our polypropylene capacity to 2.4 million metric tonnes annually using Honeywell’s Oleflex technology. Polypropylene is a key industrial material widely used across packaging, manufacturing, and automotive applications.
“While contracts of such nature tend to vary based on project complexity, a source familiar with the situation said it could be valued at over US$250 million,” it noted.
Honeywell, a global Fortune 100 industrial and technology company, offers a broad portfolio of solutions across aviation, automotive, industrial automation, and advanced materials.
Honeywell’s UOP division has been a technology partner to Dangote since 2017, providing proprietary refining systems, catalyst regeneration equipment, high-performance column trays, and heat-exchanger technologies that support the refinery’s operations.
In addition to the refinery expansion, the statement noted that the group is also progressing with the next phase of its fertiliser growth plan in Nigeria.
“Dangote Group is pleased to announce that it has entered a strategic partnership with Honeywell International Inc. to support the next phase of expansion of the Dangote Petroleum Refinery. This collaboration will provide advanced technology and services that will enable the refinery to increase its processing capacity to 1.4 million barrels per day by 2028, marking a major milestone in our long-term vision to build the world’s largest petroleum refining complex.
“Through this agreement, Honeywell will supply specialised catalysts, equipment, and process technologies that will allow the refinery to process a broader slate of crude grades efficiently, while further enhancing product quality and operational reliability,” the statement said.
Under the deal, Dangote will also deploy Honeywell UOP’s Oleflex technology to boost its polypropylene capacity to 2.4 million metric tonnes per year, strengthening Nigeria’s position in the global petrochemicals market.
Although the financial terms were not disclosed, a source familiar with the transaction indicated that the agreement could exceed US$250 million, depending on the final configuration of the expansion.
“Dangote Group is also advancing its petrochemical footprint. As part of the wider collaboration, we are scaling our polypropylene capacity to 2.4 million metric tonnes annually using Honeywell’s Oleflex technology. Polypropylene is a key industrial material widely used across packaging, manufacturing, and automotive applications.
“While contracts of such nature tend to vary based on project complexity, a source familiar with the situation said it could be valued at over US$250 million,” it noted.
Honeywell, a global Fortune 100 industrial and technology company, offers a broad portfolio of solutions across aviation, automotive, industrial automation, and advanced materials.
Honeywell’s UOP division has been a technology partner to Dangote since 2017, providing proprietary refining systems, catalyst regeneration equipment, high-performance column trays, and heat-exchanger technologies that support the refinery’s operations.
In addition to the refinery expansion, the statement noted that the group is also progressing with the next phase of its fertiliser growth plan in Nigeria.
Mali: AfDB Approves $68 Million In Project Financing To Boost Power Supply And Reduce Outages
The African Development Bank Group has approved US$68.26 million for Mali to support the implementation of the Bamako 225 kV North Loop Project (PBNB).
The financing package comprises $35.27 million from the African Development Fund, $18.99 million from the Transition Support Facility, $5 million from the Climate Investment Fund, and a $6.8 million grant, along with an additional $2.2 million grant from the Green Climate Fund.
This total commitment represents 36.13 percent of the total project cost, estimated at $190 million.
Cofinancing will be provided by the West African Development Bank (27.36 percent), the Islamic Development Bank (32.91 percent), and the Government of Mali (3.6 percent).
The initiative addresses critical challenges in the electricity sub-sector, including low access rates (55.8 percent nationally in 2023—86.6 percent in urban areas and 30.4 percent in rural areas), an average annual demand increase of 10 percent, insufficient generation capacity of 903.6 megawatts in 2023 (more than 54 percent of which was thermal), losses of 22 percent (including 10 percent technical losses), dependence on fuel imports, and financial pressure that requires state subsidies.
The project includes the construction of a 225-kilovolt double-circuit transmission line between the Kodialani and Dialakorobougou substations, and two new 225/33-kilovolt substations in Safo and Kénié. It also involves the expansion of three existing substations (Kodialani, Kambila and Dialakorobougou), as well as the installation of medium- and low-voltage lines to reconfigure the network and electrify new neighbourhoods.
The project will also connect 10,000 new households and productive users, install 2,000 smart meters for high-voltage customers, and increase transmission capacity to 600 megawatts.
Around 320 temporary jobs (20 percent allocated to women) and 60 permanent jobs will be created. In addition, 60 young graduates (half of them women) will receive professional internships to improve their employability.
Environmental and social measures will include public consultations, support to municipalities for land management, and stakeholder training. The project is also expected to reduce greenhouse gas emissions by 1.12 MtCO₂e per year, representing a reduction of more than 50 percent of the emissions that would be generated by the current energy system without the project.
The project will run for five years, from January 2026 to December 2030, and will benefit the entire population of Bamako, the Malian capital.
Commenting on the approval, Lamin Barrow, the Bank Group’s Director General for West Africa, said: “This project will help safeguard Bamako’s electricity supply and guarantee access to reliable, sustainable and modern energy services at an affordable cost.”
He added: “It should also boost agricultural value chains and employment opportunities for young people and women.”
Nigeria: NNPC Limited Posts Record N5.4tn Profit, Unveils $60bn Investment Drive
Revenue: ₦45.1 Trillion, 88% year-on-year growth
Profit After Tax: ₦5.4 Trillion, 64% year-on-year growth
Earnings Per Share: ₦27.07, 64% year-on-year growth
Nigeria’s national oil company, NNPC Ltd., on Monday declared a profit after tax of N5.4 trillion (approximately US$3.7 billion) after growing its revenue to N45.1 trillion (approximately US$30.9 billion) for the 2024 financial year.
Group Chief Executive Officer of NNPC, Bashir Omaru Ojulari, attributed the strong profit to significant growth in the company’s revenue, representing an 88 per cent year-on-year increase.
“The earnings highlight the positive momentum of our ongoing transformation and the unwavering commitment of our workforce. They provide a solid foundation for the ambitious growth ahead, in line with President Bola Tinubu’s mandate, and reaffirm our commitment to delivering value to Nigerians,” he said.
Mr. Ojulari said the performance was driven by several key factors, including enhanced operational efficiency across the company’s assets, the positive impact of downstream market reforms, and a firm commitment to cost discipline.
He added that, building on its 2024 performance, NNPC Ltd. has unveiled a strategic roadmap designed to sustain growth, strengthen energy security, and support Nigeria’s energy transition through 2030.
“The plan prioritises increased oil and gas production and outlines a US$60 billion investment in pipelines across the energy value chain,” he noted.
Speaking further on the roadmap for sustained growth and energy security, Mr. Ojulari said the company is accelerating investments across upstream operations, gas infrastructure, and clean energy to sustain growth into the next decade.
He listed key strategic targets, including increasing crude oil production to two million barrels per day (bpd) by 2027 and three million bpd by 2030.
According to him, NNPC is reviewing the technical and commercial viability of Nigeria’s refineries to strengthen domestic energy security.
He said the company is also targeting an increase in natural gas production to 10 billion cubic feet per day (bcf/d) by 2027 and 12 bcf/d by 2030, alongside the completion of major gas infrastructure projects.
He named the projects as the Ajaokuta–Kaduna–Kano (AKK) pipeline, the Escravos–Lagos Pipeline System (ELPS), and the Obiafu–Obrikom–Oben (OB3) pipeline, aimed at improving domestic supply and boosting regional integration.
“Our transformation is anchored on transparency, innovation, and disciplined growth. We are positioning NNPC Limited as a globally competitive energy company capable of delivering sustainable returns while powering the future of Nigeria and Africa,” he said.
Ghana: NPA Cautions Job Seekers Against Fake Recruitment Advertisement
Ghana’s petroleum downstream regulator, the National Petroleum Authority (NPA), has cautioned the public, especially job seekers, against information circulating on social media and other online platforms about alleged recruitment into the Authority.
The Authority described the purported recruitment, circulated under the title “Offer of Appointment into the National Petroleum Authority,” as a fake scheme aimed at swindling unsuspecting job seekers.
“The purported recruitment letters and messages did not originate from the NPA and should therefore be disregarded and treated as fraudulent,” the Authority said in a statement.
The statement strongly cautioned the public against engaging with, or making any form of payment to, individuals or groups claiming to represent the NPA in relation to any recruitment exercise.
“All official communications from the NPA are issued only through its official website (www.npa.gov.gh) and verified social media handles,” it added.
The regulator said it is collaborating with law enforcement agencies to investigate, identify, and prosecute persons involved in these fraudulent activities.
The NPA urged the public to remain vigilant and report any suspicious recruitment activity or correspondence claiming to be from the Authority to the appropriate channels.
South Africa: Gov’t Will Fast-Track Gas Projects To Secure Energy Supply – Mantashe
South Africa’s Minister of Mineral and Petroleum Resources, Gwede Mantashe, says the government is fast-tracking domestic gas development and LNG import projects to mitigate supply shortfalls from Mozambique.
Mantashe made the remarks while addressing the G20 Africa Energy Investment Forum in Johannesburg on Friday, November 21, 2025.
“We will continue to develop infrastructure to integrate new deposits and make gas available to South Africa,” Mantashe said.
“The biggest solution is us having access to our own gas deposits,” he added.
The country currently imports 90% of its natural gas via the 865 km ROMPCO pipeline from Mozambique’s Pande and Temane fields. With South African energy and chemical company Sasol planning to prioritise its internal volumes from mid-2026, the government is accelerating infrastructure development and domestic exploration to secure new supplies and strengthen energy resilience.
To address the gap, the government is fast-tracking the Matola Floating Storage and Regasification Unit (FSRU) in Mozambique, expected online by mid-2026, and the Richards Bay LNG terminal in South Africa, scheduled for 2027.
Plans are also underway for new pipelines to connect offshore discoveries in the Orange Basin to the national grid.
Mantashe further stressed the need to advance regulatory reforms to unlock offshore exploration and lift moratoria in the Karoo and Orange Basins.
The Orange Basin — site of major discoveries including Brulpadda and Luiperd — has the potential to significantly reduce imports, boost GDP, and create jobs, the minister noted, adding that successful development could unlock billions in investments across the petrochemicals and energy sectors.
“Drill, baby, drill,” Mantashe emphasised. “We have no legal restriction on oil and gas exploration and exploitation in South Africa. If we make a breakthrough on oil and gas, our GDP will grow exponentially. Our people will never breathe fresh air in darkness.”
South Africa’s move signals a decisive push toward energy self-sufficiency at a time when global LNG markets are volatile and domestic gas demand continues to rise.