South Africa has taken delivery of five generators from the People’s Republic of China to strengthen the country’s energy supply.
Each generator, with a capacity of 620 kW, can power more than 600 average-sized homes.
The generators were officially received by the Minister of Electricity and Energy, Dr. Kgosientsho Ramokgopa, together with the Mayor of Msunduzi Local Municipality, Cllr. Mzimkhulu Thebolla, and the People’s Republic of China’s Ambassador to South Africa, Mr. Wu Peng.
The power vehicles will be deployed during emergencies to support recovery efforts, protect lives and property, and provide backup power at major national events, reducing reliance on costly external assistance.
Abu Dhabi National Oil Company (ADNOC) has signed a 15-year Sales and Purchase Agreement (SPA) with Shell International Trading Middle East Limited FZE, a wholly owned subsidiary of Shell plc, for the supply of up to 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG).
The agreement, signed during the ongoing ADIPEC event, marks ADNOC’s first long-term LNG sales contract with Shell and the eighth long-term offtake agreement secured for the Ruwais LNG Project.
This deal converts a previous Heads of Agreement into a definitive contract and represents a major milestone in ADNOC’s efforts to accelerate the commercialization of the Ruwais LNG Project.
With this latest signing, more than 8 mtpa of the project’s planned 9.6 mtpa capacity is now secured through long-term agreements with customers across Asia and Europe—just 16 months after the project’s Final Investment Decision (FID) in July 2024.
Fatema Al Nuaimi, CEO of ADNOC Gas, said: “This agreement with Shell marks a significant milestone that reinforces ADNOC’s position as a reliable global supplier of lower-carbon LNG. Securing over 80% of Ruwais LNG’s capacity in just over a year from FID is a remarkable achievement that sets a new benchmark for large-scale LNG projects globally.
While the industry can take up to four or five years to market such volumes, Ruwais is advancing at record pace. In parallel, construction, contractor mobilization, and site works are all on track for commissioning by the end of 2028.”
The LNG will be primarily sourced from the Ruwais LNG Project, currently under development in Al Ruwais Industrial City, Abu Dhabi. Shell holds a 10% equity stake in the project through its subsidiary, Shell Overseas Holdings Limited.
Tom Summers, Executive Vice President of Shell LNG Marketing and Trading, said: “Shell’s trusted partnership with ADNOC dates back more than 50 years, and today we share a vision of strengthening global energy security through strategic collaboration. This agreement is a significant milestone in our partnership with ADNOC and supports Shell’s strategy of expanding our LNG portfolio.”
The Ruwais LNG plant will be the first LNG export facility in the Middle East and Africa to operate on clean power, making it one of the lowest-carbon-intensity LNG projects in the world. The plant will also leverage artificial intelligence (AI) and advanced technologies to enhance safety, operational efficiency, and emissions performance.
With two liquefaction trains of 4.8 mtpa each, the facility will more than double ADNOC Gas’s existing LNG production capacity to approximately 15 mtpa, supporting ADNOC’s strategy to expand its LNG portfolio to meet rising global demand.
The Board of the Energy Commission has held a high-level meeting with Chief Executives of Independent Power Producers (IPPs) at the Net Zero Building, located at its head office in Accra, to enhance cooperation and address key industry concerns.
The Commission serves as the technical regulator for electricity and natural gas in Ghana.
The Board Chairman, Prof. John Gartchie Gatsi, reaffirmed the Commission’s commitment to fairness, transparency, and partnership. On local content, he clarified that the Commission will not lower the bar but assured stakeholders that steps are being taken to address the challenges faced by industry players.
Prof. Gatsi also emphasized the need for stronger collaboration with institutions such as the ECOWAS Regional Electricity Regulatory Authority (ERERA), the West African Power Pool (WAPP), and the Ghana Standards Authority. He noted that the Commission will continue to align its operations with the needs of the Ghanaian electricity market.
He further announced the appointment of a Chief Inspector to oversee compliance and technical standards within the sector.
The meeting concluded with a shared commitment to build a transparent, sustainable, and resilient energy market that supports Ghana’s long-term development goals.
The Electricity Company of Ghana (ECG) has issued a strong warning to customers to be cautious of fraudulent phone calls from individuals posing as company officials and offering to expedite the acquisition of electricity meters.
According to the company, these impostors have been contacting customers under the pretext of assisting them to secure new meters or resolve meter-related challenges.
The callers often claim that ECG has taken delivery of new meters and proceed to ask whether customers have applied for one or are experiencing difficulties with their existing meters.
They then attempt to solicit personal information or money from unsuspecting victims.
ECG noted that in some instances, these fraudsters download photographs of its staff from digital platforms and use them to impersonate officials in order to extort money from customers.
Speaking in an interview, Dr. Charles Nii Ayiku Ayiku, General Manager, External Relations, clarified that ECG has not authorised any individual or third-party agent to privately contact customers about meter acquisition or related services.
“We are aware of people calling ECG customers pretending to be staff and asking if they have applied for a meter or are facing issues. They usually claim they can help secure a new meter quickly because new meters are available. This is false,” Dr. Ayiku stressed.
He emphasised that ECG does not conduct meter distribution through private phone calls, adding that all legitimate processes for new meter applications are handled strictly at ECG offices or via official platforms.
Dr. Ayiku confirmed that while ECG has indeed received new meters as part of its operational enhancements, the distribution process remains transparent and strictly guided by approved applications.
He therefore urged customers to visit the nearest ECG office to apply for a meter or seek redress for any meter-related concerns. He cautioned the public against engaging individuals who promise shortcuts or demand payment to facilitate the process.
“Customers should not pay money to anyone who claims they can get them a meter outside our offices. These are fraudulent activities intended to deceive the public,” he warned.
Dr. Ayiku further reminded customers that ECG does not operate any mobile money account, insisting that all financial transactions must be conducted exclusively through the ECG Power App or the short code *226#.
ECG encouraged customers who receive suspicious calls to report them immediately to the nearest ECG office or contact the company’s official customer service line on 0302 611 611 for verification and assistance.
The company reaffirmed its commitment to protecting customers from scams while ensuring continuous transparency and improved service delivery nationwide.
Customers who encounter such fraudulent activities are also advised to report the perpetrators to the nearest police station.
Nigeria’s national oil company is set to increase oil production to 2 million barrels daily over the next two years, its executive vice president for upstream said. By 2030, NNPC will be pumping 3 million barrels daily, Udy Ntia also said, as quoted by the News Agency of Nigeria.
Speaking at ADIPEC in Abu Dhabi, Ntia said that “Nigeria’s upstream sector is evolving through a mix of collaboration, co-investments and smarter capital deployment, rather than competition. It is not just about producing more oil, it is about producing better oil: more efficient, cleaner, and more profitable. We have the capacity, and we are growing steadily while working together to reduce the strain of fossil fuels”.
Nigeria has been pumping more crude and drilling more new wells than it has in years, thanks to reforms under President Bola Tinubu that are finally leading to more cash flowing into the upstream industry. Daily output has climbed to between 1.7 million and 1.83 million barrels, while active rigs surged from 31 in January to 50 by July.
The revival of Nigeria’s oil industry is seen as a result of President Tinubu’s “Project One Million Barrels” and the long-awaited new law for the energy industry that should make the country’s investment environment more predictable to bring international oil majors back.
Earlier this month, oil minister Heineken Lokpobiri said recent investment decisions by oil operators could result in a production boost of 200,000 barrels daily.
Meanwhile, according to NNPC’s Ntia, artificial intelligence and other digital technologies would help boost drilling efficiency and improve recovery rates at mature fields. “We are seeing technology as an enabler to get more from the ground, improve efficiency, and guide capital decisions. The goal is smarter investment, not just more spending,” the executive said.
The African Development Bank (AfDB) has approved a $14.54 million financing package to support the Garneton North 20-megawatt solar project in Zambia’s Copperbelt Province, catalysing the country’s renewable energy expansion and addressing its energy deficit.
When operational, the project will provide clean, reliable electricity to 82,000 people and eliminate approximately 58,740 tons of CO₂ emissions per annum.
The approval — comprising $7.27 million from the African Development Bank’s own resources and matching concessional financing from a Development Finance Institution — demonstrates a strong commitment to closing Zambia’s energy gap while advancing the Mission 300 goal of providing 300 million Africans with electricity access by 2030.
Zambia is among the first cohort of countries that launched national energy compacts under Mission 300 in January 2025.
The $24.5 million project will design, construct, operate, and maintain the 20-megawatt solar plant, which will be connected to the national grid via a 10 km, 33 kV power line. Under a 25-year take-or-pay Power Purchase Agreement (PPA), the Zambia Electricity Supply Corporation Limited (ZESCO) will offtake all electricity generated from the plant.
“The project marks a key milestone in Zambia’s efforts to restore confidence in its power sector, attract private-sector investment, and drive progress toward closing the energy gap and achieving Mission 300 goals,” said Wale Shonibare, Director of Energy Financial Solutions, Policy, and Regulation at the African Development Bank.
The Garneton North 20MW Solar Project is one of six projects selected by the Zambian government under the country’s Global Energy Transfer Feed-in Tariffs (GETFiT) programme, designed to unlock private-sector investment in small- and medium-scale renewable energy independent power projects.
The project will employ 90 people during construction (including five women and 50 youth) and 10 people during operations (including two women and six youth).
It will add critical capacity to Zambia’s strained power grid, reducing blackouts and improving energy security.
The GETFiT programme will facilitate the timely procurement of a total of 120 MW of renewable energy capacity, diversify Zambia’s power mix, and demonstrate that the country’s power sector is once again bankable for private investment.
“Through the successful implementation of this project and the broader programme, Zambia will demonstrate its strong commitment to diversifying its energy mix away from hydropower and enhancing energy security,” said Jing Li, Division Manager, Energy Financial Solutions at the African Development Bank.
“By expanding renewable generation capacity, the project will help reduce the frequency and severity of power outages, ensure a more reliable electricity supply, and contribute to maintaining cost-reflective tariffs for consumers.”
The Garneton North 20MW Solar Project aligns with the African Development Bank’s Ten-Year Strategy (2024–2033) and the New Deal on Energy for Africa, advancing a low-carbon development path and facilitating universal electricity access through clean energy.
It further supports the Bank’s climate change, gender, youth employment, and resilience strategies, as well as private-sector-led renewable energy development under Mission 300.
The Kano State Government has approved plans to acquire majority shares in the Kano Electricity Distribution Company (KEDCO) to improve energy supply, promote industrial growth, and expand access to reliable electricity across the state.
A statement issued by the Governor’s spokesperson, Sunusi Bature Dawakin Tofa, noted that the decision aims to give the state a stronger role in electricity generation, transmission, and distribution to enhance efficiency, accountability, and service delivery in the energy sector.
It is also expected to boost economic activities, create jobs, and attract both local and foreign investments.
In addition, the Council approved the presentation and adoption of the Kano State Electricity Policy under the Ministry of Power and Renewable Energy.
The policy provides a clear roadmap for sustainable energy development, focusing on renewable power integration and improved energy efficiency across sectors.
“Governor Abba Kabir Yusuf’s administration remains committed to transforming Kano into an energy-secure and business-friendly state that fosters innovation, industrialization, and inclusive economic growth,” the statement concluded.
Africa is where I was born, and I am proud to be an African. I will never fault the Creator—God Almighty—for placing me on African soil, for this continent is richly endowed with both natural resources and vibrant, active human capital.
We are blessed with abundant minerals such as uranium, gold, bauxite, manganese, diamonds, lithium, and vast oil and gas reserves. Beyond these, we have timber, cocoa, and enormous water resources.
Many young Africans would not wish to leave such a richly blessed continent if these resources were efficiently harnessed for the benefit of all. Despite the bad leadership witnessed across the continent, Africa remains our home.
I dare say that if I had the opportunity to relocate from Ghana, I would first consider an East African nation or South Africa before choosing any advanced country in the world.
However, despite my love for Africa, I would not want to live on a continent described not only as the “Dark Continent” because of the colour of its people, but also because over 600 million Africans still lack access to electricity. Ironically, in some parts of Africa, consumers pay exorbitant tariffs yet receive only about four hours of electricity supply daily.
From the south to the north, and from the east to the west, millions struggle to access electricity. Those who even have access to electricity endure frequent power outages.
Africans often travel to Europe, Asia, the United States of America, and the Middle East for conferences where cutting-edge energy technologies are discussed.
Unfortunately, after spending thousands of taxpayers’ money on travel, accommodation, and conference fees, we return home and fail to implement the valuable ideas we were exposed to.
In other cases, African governments lack the will and power to take long-term strategic bold initiatives, due primarily to short-term political campaign targets to woo electorates.
Nuclear power technology has existed for over seven decades. The first nuclear power plant to generate electricity for a power grid was inaugurated in Obninsk, Russia, in 1954.
Since then, many countries in Europe, Asia, and North America have invested heavily in nuclear energy to ensure energy security and industrialisation.
According to the World Nuclear Association (WNA), there are currently 440 nuclear power reactors operating across 31 countries, with 70 reactors under construction around the world.
Sadly, in Africa, only South Africa operates a nuclear power plant—the Koeberg Nuclear Power Station. It is thus refreshing to see Egypt take bold steps to construct four large reactors which are progressing steadily.
More of such bold projects are needed if Africa is to add value to its vast raw materials, industrialise, and grow the economy to provide hope for the teeming youth on the continent.
What caused the delay? Few Africans have allowed themselves to be influenced by anti-nuclear environmental groups who demonize the same technology their home countries depend on for power and prosperity.
These groups often cite the two major nuclear accidents—Chernobyl (1986) in Ukraine and Fukushima Daiichi (2011) in Japan. It is important to state that the Chernobyl incident was not caused by the nuclear plant itself, but rather by human negligence, lack of safety culture, and a faulty reactor design which would never be licensed today.
Regarding the Fukushima incident, it is a fact that it was caused by a tsunami generated by a massive earthquake, resulting in the displacement of hundreds of people. Since these two incidents, nuclear scientists and the IAEA have invested massively in research and safety innovations to make nuclear power safer and more environmentally friendly.
Modern reactors—the Gen III and Gen III+ reactors—that are currently under construction and operation have incorporated passive safety systems to mitigate risks, making them safer.
Similarly, Small Modular Reactors (SMRs) come with several inherent safety systems that operate without human intervention or external power.
These reactors are designed to withstand extreme natural events without releasing harmful radiation. With their compact size and reduced fuel inventory, SMRs minimise potential impact even further.
Nuclear energy offers one of the lowest greenhouse gas emissions across its lifecycle—thanks to its high efficiency and zero-carbon operation. Despite lingering fears, nuclear incidents remain extremely rare today, largely due to modern safety protocols, technological advancements, and stringent regulatory regimes.
In 2023 and 2024, I had the rare opportunity to join other African journalists to tour Russia’s Leningrad Nuclear Power Plant in St. Petersburg and the world’s first Floating Nuclear Power Plant, the Akademik Lomonosov, located in Pevek, the northernmost part of Russia.
Facilitated by the Russian State Atomic Energy Corporation (ROSATOM), the tour exposed us to the rigorous safety culture underpinning both land-based and floating nuclear facilities.
Since the Fukushima incident in 2011, there has not been any major nuclear accident—thanks to enhanced reactor designs and strict operational protocols. Africans, therefore, should not fear when their governments consider nuclear energy.
Instead, we should be more concerned about the rampant road accidents claiming thousands of lives annually—silently robbing the continent of its human capital.
Let’s consider these worrying statistics on road accidents that occurred in 2024 in six African nations.
The chart above illustrates the number of persons injured and killed in road accidents across six African countries in 2024, based on data from national road safety agencies and police services. Egypt recorded the highest number of road accident injuries, with 76,362 people injured, far exceeding the other countries in the comparison. It also had a relatively high fatality figure of 5,260 deaths.
Nigeria followed with 31,154 injuries and 5,421 deaths, reflecting a significant road safety challenge in Africa’s most populous nation.
Uganda recorded 20,664 injuries and 5,144 deaths, suggesting a high casualty rate relative to its number of injuries.
Zambia and Ghana reported moderate figures, with 15,921 injuries and 2,199 deaths for Zambia, and 11,408 injuries and 2,494 deaths for Ghana.
Kenya had the lowest number of injuries (9,094) but a comparatively higher fatality rate (4,748 deaths), indicating more severe accidents on average.
These alarming figures demonstrate that road accidents remain far deadlier than the potential risks associated with nuclear power generation, a highly regulated and safety-conscious industry.
Nuclear technology today is safer than ever before. It provides clean, reliable, and stable baseload power—a critical foundation for Africa’s industrialisation and economic growth.
The recent lifting of the World Bank’s ban on nuclear power financing should encourage African nations—especially Ghana, Uganda, Rwanda, Niger, Tunisia, Morocco, Kenya, Guinea, Algeria, Tanzania, and Senegal—to pursue their nuclear ambitions boldly.
As Egypt’s El Dabaa Nuclear Power Plant makes steady progress, South Africa has reaffirmed its commitment to nuclear energy in its Integrated Resource Plan (IRP) and plans to add 5,200 MW to its nuclear generation capacity.
During the 2025 African Energy Week (AEW) in Cape Town, Eskom’s Chief Nuclear Officer at the Koeberg Nuclear Power Station, Velaphi Ntuli, stated that Koeberg Unit 1 had already received a 20-year operational license extension and was awaiting approval for Unit 2’s license extension for an additional 20 years.
Investors consistently prioritise countries that demonstrate political stability and energy security. Africa has become one of the world’s most attractive investment destinations, and sustaining that confidence requires substantial investment in energy infrastructure—particularly nuclear power—to ensure reliable energy supply for both citizens and industry.
The writer is the Executive Director of Energy News Africa Ltd. He is pursuing an MSc in Energy Economics at the Ghana Institute of Management and Public Administration (GIMPA).
First Bank of Nigeria’s Chief Executive Officer (CEO), Olusegun Alebiosu, has thrown his weight behind the Federal Government’s decision to impose a 15% import duty on gasoline (petrol) and gasoil (diesel).
The policy aims to protect local refineries and strengthen the naira.
Nigeria’s oil refinery market is at a critical turning point, and Alebiosu—an alumnus of Harvard Business School—has made clear his support for domestic refining efforts.
Speaking exclusively to Energy News Africa (https://energynewsafrica.com) on the sidelines of the OTL Africa Downstream Energy Week 2025 in Lagos, he noted the growing influence of Namco de Refinery and the broader energy market.
Alebiosu highlighted concerns over market control, warning: “When new refineries join the market, who is buying them? They will control the market. When there’s a put-up block, prices will drop.”
Backing the Federal Government’s 15 percent ad valorem tax on imported diesel and Premium Motor Spirit (PMS), Alebiosu described the move as a necessary shield against unfair foreign dumping, particularly from Russia, whose fuel has been flooding African markets amid the ongoing Ukraine conflict.
He further noted that refinery ownership sometimes falls into the hands of “criminal” actors who manipulate prices for personal gain.
Alebiosu also drew attention to the dominance of international oil giants such as BP and Qatar Energy, pointing out that they “benefit from every process they undertake,” operating with European costs, banks, and salaries — factors that ultimately push prices higher for African consumers.
He stressed the need to rebalance this dynamic, saying:
“Now I produce in Africa. I refine in Africa. I use in Africa. My cost must come down to the African economy. It’s important because Russia is dumping PMS in Africa. People will continue dumping products in Africa and Nigeria.”
Alebiosu cautioned that failing to protect domestic refineries could have dire consequences.
“If we don’t protect our refinery industry, it will collapse. If we don’t protect the refineries our economies won’t stand.”
To safeguard the sector, he urged Nigerians to buy from Dangote Refinery saying “We must protect our interest in the market. We must buy from Dangote Refinery because it’s cheaper.”
Alebiosu’s remarks carry weight not only because of his position as a seasoned banking executive with over 28 years of experience, but also due to his strong academic background, including degrees from the University of Lagos, the London School of Economics, and Harvard Business School.
His firm backing of local refining and support for government policy underscore a pragmatic approach toward energy independence and economic stability—key ambitions for Nigeria’s future.
Ghana has reiterated its strong commitment to advancing the global clean energy transition and accelerating renewable energy development as part of its national development agenda.
Speaking on behalf of the Government of Ghana at the 8th Assembly of the International Solar Alliance (ISA) in New Delhi, India, Ghana’s Minister for Energy and Green Transition, John Abdulai Jinapor, highlighted the nation’s ongoing efforts to expand access to clean and sustainable energy.
Mr. Jinapor reaffirmed Ghana’s unwavering dedication to the global renewable energy agenda and commended the ISA for its continued partnership in promoting solar energy development across member countries.
In a bold demonstration of national leadership and alignment with international sustainability goals, President John Dramani Mahama, upon assuming office, renamed the Ministry of Energy to the Ministry of Energy and Green Transition.
According to Mr. Jinapor, this move reflects the government’s firm resolve to integrate renewable energy, climate action, and green growth into the core of Ghana’s economic transformation strategy.
To drive this vision, Ghana has established a renewable energy investment pipeline worth approximately US$3.4 billion, supported by the Renewable Energy and Green Transition Investment Fund.
The Fund aims to attract both concessional and private capital to fast-track renewable energy projects nationwide.
Mr. Jinapor emphasized that these efforts form part of Ghana’s broader goal to achieve 10% renewable energy penetration in the national energy mix by 2030—equivalent to about 1,350 megawatts of clean energy capacity.
Looking ahead, Mr. Jinapor noted that Ghana will continue to collaborate closely with the ISA and other global partners to promote policy reforms, innovative financing mechanisms, and scalable solar solutions—particularly in sectors such as agricultural value chains and e-mobility—to power a sustainable, inclusive, and resilient green future for the nation.
Nigeria’s leading indigenous energy group listed on both the Nigerian Exchange and Johannesburg Stock Exchange has announced its unaudited results for the nine months ended September 30, 2025, reflecting production growth and disciplined execution.
The Group recorded a Profit After Tax (PAT) of ₦210 billion, representing a 164% increase from ₦76 billion in the same period of 2024 — a performance driven by stronger production volumes and operational efficiency.
While Group revenue declined by 20% year-on-year to ₦2.5 trillion from ₦3.2 trillion in 2024, this was primarily due to reduced gasoline imports following the ramp-up of the Dangote Refinery — a development that has permanently reshaped Nigeria’s refined products market.
Gross profit stood at ₦113 billion, representing a 42% decline, reflecting shifts in market dynamics and the Group’s evolving segment mix.
Commenting on the results, Wale Tinubu, CON, Group Chief Executive, Oando PLC, stated:
“In the first nine months of 2025, we consolidated the gains achieved following our acquisition of NAOC’s assets last year. Our assumption of operatorship has been transformational, granting us the agility to act decisively and execute with precision in driving production growth and operational efficiency.”
He added that the Group achieved a 59% year-on-year increase in crude oil and gas production, now averaging 38,121 barrels of oil equivalent per day (boepd), underscoring the impact of the NAOC acquisition and signaling the beginning of the unlocking of the tremendous value its reserves possess.
During the period, the company reported a surge in oil and gas output and continued operational gains, signaling strong momentum across its upstream operations for the nine months ended September 30, 2025.
To sustain its growth drive, Oando upsized its Reserve-Based Lending (RBL 2) facility to $375 million, strengthening its financial flexibility and supporting the accelerated development of its 1 billion barrels of oil equivalent (boe) upstream portfolio.
The company also renegotiated key credit facilities on more favorable terms, extending repayment periods to free up liquidity and fund its ongoing drilling programme.
The indigenous energy giant said Group production averaged 38,121 boepd, up 59% year-on-year, in line with its full-year guidance. The performance was driven by the consolidation of its Nigerian Agip Oil Company (NAOC) joint venture interest and improved asset uptime across its operated portfolio.
Oando noted that the revamp of its NGL processing plant played a key role in the improved performance, delivering 82% operational uptime and boosting recovery and reliability across production assets.
The company also completed the Obiafu-44 gas-condensate well, which was brought onstream in October, and advanced surface facility upgrades to minimize downtime and enhance flow efficiency.
In a bid to expand its regional and global footprint, the company was awarded operatorship of Block KON 13 in Angola — marking its strategic entry into the Kwanza Basin — and was selected as the preferred bidder for the Guaracara Refinery in Trinidad & Tobago, signaling its entry into the Caribbean downstream market.
In the downstream segment, Oando’s trading subsidiary lifted 21 crude cargoes (19.8 MMbbl), up from 15 cargoes (16.7 MMbbl) in the same period last year, following a deliberate strategic pause as the division rebalanced its portfolio toward higher-margin crude and gas trading opportunities.
With output rising and new international assets in play, analysts say Oando appears firmly on track to consolidate its leadership among Africa’s indigenous oil and gas players, even as it continues to pursue diversification into clean energy and mining ventures.
In its clean energy division, the company advanced its electric mobility, solar, and recycling initiatives, progressing development of a 1.2GW solar PV assembly plant, completing a techno-economic study for a 6MW geothermal pilot, and securing land for a 2,750-ton-per-month PET recycling facility.
Oando’s performance reflects a period of strategic transition, marked by strong profitability and upstream growth despite softer trading revenues. In the same vein, sector peers such as Aradel Holdings Plc and Seplat Energy Plc reported higher top-line growth, benefiting from more stable upstream portfolios and consistent production trends.
Aradel Holdings posted ₦368.1 billion in revenue, up 37.2% year-on-year, and ₦146.4 billion in profit after tax, reflecting stable production and improved operational efficiency.
Similarly, Seplat Energy reported sustained revenue growth and double-digit margins in its half-year results, supported by steady production and a robust gas business.
During the review period, Mrs. Folashade Ibidapo-Obe was appointed Chief Compliance Officer and Company Secretary, reinforcing Oando’s governance and compliance framework.
The company also completed the first tranche of its 1.28 billion-share distribution programme, delivering a 5.33% dividend yield to shareholders — its first direct payout in years — as part of a broader plan to restore sustainable shareholder returns.
Looking ahead, Oando maintains its full-year production guidance of approximately 40,000 boepd, with capital expenditure projected at $120–130 million, focused on drilling, infrastructure optimization, and ESG projects.
Tinubu concluded: “As we enter the final quarter of 2025, we remain focused on further strengthening our balance sheet, accelerating production growth, expanding our trading footprint, optimizing our cash flows, and sustaining long-term value creation.”
Nestoil Group has responded to the recent seizure of its headquarters in Victoria Island, Lagos, by armed police officers enforcing a High Court order over the company’s failure to repay a $1 billion debt owed to its lenders.
The company, in a statement issued, reassured stakeholders that its operations across Nigeria remain unaffected despite the development.
According to Nestoil, the enforcement action pertains to a specific legal dispute and does not impact its ongoing projects or commitments within the oil and gas sector.
“We wish to assure all our stakeholders, partners, and clients that our business operations continue without interruption. The matter under enforcement is being addressed through appropriate legal channels,” the statement said.
The company emphasized its long-standing reputation as a key player in Nigeria’s oil and gas industry and reaffirmed its commitment to maintaining operational stability, transparency, and engagement with all relevant authorities.
Ghana’s anti-corruption and financial crimes agency, the Economic and Organised Crime Office (EOCO), has dismissed a media report by NorvanReports, an online news portal, which claimed that the agency had failed to act on a petition to investigate the Chief Executive Officer of Springfield E&P, Mr Kevin Okyere, for allegedly defrauding by false pretence.
According to NorvanReports, EOCO’s alleged inaction compelled the petitioner, Swiss-based Petraco Oil Company SA, to file a case against GMP Energy Limited, a subsidiary of Springfield E&P, at the Dubai International Arbitration Centre (DIAC), which allegedly led to Mr Okyere’s arrest and detention on Saturday, November 1.
Responding to the publication, EOCO, in a statement on Sunday, described the report as false, stating that contrary to the claims, the agency is actively investigating not one, but two cases involving Springfield E&P.
“Contrary to the claims made by NorvanReports, EOCO has two active investigations involving Springfield Energy,” the statement said.
Mr. Raymond Archer, Executive Director of EOCO
EOCO explained that the first petition concerns Springfield Energy while the second involves an ongoing dispute between BOST and Springfield Energy.
It noted that the BOST–Springfield case is of significant economic importance, with immediate implications for BOST’s finances, making it a priority investigation.
The anti-corruption body further emphasised that it is the directive of EOCO’s leadership that investigations must precede arrests; not the reverse.
While declining to comment on the ongoing investigations, EOCO expressed disappointment that NorvanReports did not seek clarification before publishing its story.
EOCO assured the public of its unwavering commitment to investigating and prosecuting economic and organised crimes in Ghana, pledging to continue working diligently to fulfill its mandate.
“We urge the public to disregard the false claims made by NorvanReports,” the statement concluded.
One of Africa’s biggest oil producers, Angola, will sign next week an exclusive agreement with Shell under which the supermajor will explore and potentially develop several offshore blocks, Angola’s oil and gas agency ANPG has said.
“This event marks a historic moment for the Angolan oil sector, consolidating Shell’s presence in Angola, an ANPG statement said, as carried by Reuters.
Under the agreement Shell will explore Blocks 19, 34, and 35 and several ultra-deepwater blocks as Angola looks to revive its exploration and production sector following years of underinvestment and supply restrictions under the deals within OPEC, which the country quit effective January 2024.
Earlier this year, Angola’s crude output slipped below 1 million barrels per day (bpd) for the first time in two and a half years and for the first time since one of Africa’s biggest oil producers quit OPEC.
Angola’s motivation to exit the cartel after 16 years was a spat with the OPEC and OPEC+ members about production quotas. At a meeting in mid-2023, Angola and Nigeria were given lower crude oil production quotas as part of the OPEC+ agreement, after the two producers had underperformed and failed to pump to their quotas for years, due to a lack of investment in new fields and maturing older oilfields.
Angola now aims to revitalize its oil and gas industry and it is betting big on natural gas developments to monetize more of its fossil fuel resources.
Shell, for its part, is looking to boost exploration efforts, including in Africa, where it has made a discovery offshore Namibia, to Angola’s south.
“We went through a significant reset, I would say, of our exploration department, capability, the funnel, because the hard truth is while we have had some good progress in certain areas, it hasn’t delivered what we had wanted,” Shell’s chief executive, Wael Sawan, told analysts on the Q2 earnings call at the end of July.
Shell will continue to invest in exploration where it has established track records, like the Gulf of Mexico, Malaysia, Oman, and in areas like Namibia, added Sawan, who has said that reducing global oil and gas production would be “dangerous and irresponsible”.
The chart above illustrates the number of persons injured and killed in road accidents across six African countries in 2024, based on data from national road safety agencies and police services. Egypt recorded the highest number of road accident injuries, with 76,362 people injured, far exceeding the other countries in the comparison. It also had a relatively high fatality figure of 5,260 deaths.
Nigeria followed with 31,154 injuries and 5,421 deaths, reflecting a significant road safety challenge in Africa’s most populous nation.
Uganda recorded 20,664 injuries and 5,144 deaths, suggesting a high casualty rate relative to its number of injuries.
Zambia and Ghana reported moderate figures, with 15,921 injuries and 2,199 deaths for Zambia, and 11,408 injuries and 2,494 deaths for Ghana.
Kenya had the lowest number of injuries (9,094) but a comparatively higher fatality rate (4,748 deaths), indicating more severe accidents on average.
These alarming figures demonstrate that road accidents remain far deadlier than the potential risks associated with nuclear power generation, a highly regulated and safety-conscious industry.
Nuclear technology today is safer than ever before. It provides clean, reliable, and stable baseload power—a critical foundation for Africa’s industrialisation and economic growth.
The recent lifting of the World Bank’s ban on nuclear power financing should encourage African nations—especially Ghana, Uganda, Rwanda, Niger, Tunisia, Morocco, Kenya, Guinea, Algeria, Tanzania, and Senegal—to pursue their nuclear ambitions boldly.
As Egypt’s El Dabaa Nuclear Power Plant makes steady progress, South Africa has reaffirmed its commitment to nuclear energy in its Integrated Resource Plan (IRP) and plans to add 5,200 MW to its nuclear generation capacity.
During the 2025 African Energy Week (AEW) in Cape Town, Eskom’s Chief Nuclear Officer at the Koeberg Nuclear Power Station, Velaphi Ntuli, stated that Koeberg Unit 1 had already received a 20-year operational license extension and was awaiting approval for Unit 2’s license extension for an additional 20 years.
Investors consistently prioritise countries that demonstrate political stability and energy security. Africa has become one of the world’s most attractive investment destinations, and sustaining that confidence requires substantial investment in energy infrastructure—particularly nuclear power—to ensure reliable energy supply for both citizens and industry.
The writer is the Executive Director of Energy News Africa Ltd. He is pursuing an MSc in Energy Economics at the Ghana Institute of Management and Public Administration (GIMPA). 
According to Mr. Jinapor, this move reflects the government’s firm resolve to integrate renewable energy, climate action, and green growth into the core of Ghana’s economic transformation strategy.
To drive this vision, Ghana has established a renewable energy investment pipeline worth approximately US$3.4 billion, supported by the Renewable Energy and Green Transition Investment Fund.
The Fund aims to attract both concessional and private capital to fast-track renewable energy projects nationwide.
Mr. Jinapor emphasized that these efforts form part of Ghana’s broader goal to achieve 10% renewable energy penetration in the national energy mix by 2030—equivalent to about 1,350 megawatts of clean energy capacity.
Looking ahead, Mr. Jinapor noted that Ghana will continue to collaborate closely with the ISA and other global partners to promote policy reforms, innovative financing mechanisms, and scalable solar solutions—particularly in sectors such as agricultural value chains and e-mobility—to power a sustainable, inclusive, and resilient green future for the nation.
