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LATEST ARTICLES
Ghana: NPA Proposes Petroleum Downstream Tribunal Under New Bill
Ghana: NPA’s Godwin Tameklo Named Petroleum Regulatory CEO Of The Year At APSCA 2026
Under his leadership, the authority has pursued initiatives aimed at strengthening regulatory systems, adopting technology, improving operational efficiency and promoting transparency and competition in the industry.
The NPA also received two institutional awards at the event: Best Use of Technology in Downstream Regulation and Excellence in Gender Inclusion and Workplace Diversity.
The awards recognised the authority’s work in technological innovation, gender inclusion and workplace diversity, alongside Tameklo’s leadership. Burundi: Government, Weza Power Sign $1.4 Billion Partnership To Expand Electricity Access
Burundi’s government and Weza Power, a subsidiary of Anzana Electric Group, signed a 25-year public-private partnership agreement on Thursday aimed at mobilising $1.4 billion to expand electricity access.
The partnership aims to increase electricity access from about 15% to more than 50% by 2030, providing electricity for the first time or improving supplies for an estimated eight million people.
Under the agreement, Weza Power will invest in, expand and operate the electricity distribution network in roughly half the country.
State utility REGIDESO will continue supplying electricity through the national transmission network and remain responsible for distribution in the other half.
The project is expected to deliver 52,000 kilometres of new and upgraded distribution lines and connect more than 1.2 million additional households and businesses.
It is also expected to create more than 2,000 direct installation and operational jobs and over 30,000 indirect jobs.
The partners described the agreement as Africa’s first new national-scale electricity distribution concession to be operated by a private company in decades.
The project will combine private commercial capital and concessional funding through a blended finance structure designed to avoid increasing public debt.
Financing is expected to draw on support from Mission 300 partners, including the World Bank’s ASCENT programme, the International Finance Corporation, the Multilateral Investment Guarantee Agency and the African Development Bank.
Other partners include the U.S. International Development Finance Corporation, Gridworks, which is part of British International Investment, the U.S. Trade and Development Agency and the Norwegian Agency for Development Cooperation.
“Electricity is the foundation of Burundi’s economic transformation and a key pillar of our Vision 2040-2060 ambitions,” President Évariste Ndayishimiye said.
“This partnership will expand opportunities for our people, strengthen our industries, and create conditions for investment, jobs and lasting prosperity.”
Expanding electricity access remains a development priority for Burundi, particularly in rural communities. Achieving that goal requires investment in transmission and distribution networks alongside additional generation capacity.
Hassan Kibeya, minister of mineral resources, energy, industry, trade and tourism, said the partnership would help strengthen the country’s distribution network.
“With Burundi’s installed generation capacity at approximately 183 MW, our focus must now be on ensuring that existing and future generation can be delivered to more homes, businesses and productive sectors across the country,” he said.
“Reliable electricity will power Burundi’s industries, enable local processing of critical minerals, and fuel sustainable economic growth.”
The agreement supports Burundi’s National Energy Compact under Mission 300, a joint World Bank Group and African Development Bank initiative aimed at connecting 300 million Africans to electricity by 2030.
The concession combines tariff and performance obligations with a commercial framework intended to keep electricity affordable while providing investors with the certainty needed to commit capital.
Babacar Sedikh Faye, the World Bank Group’s country manager for Burundi, said the partnership supported the institution’s strategic priorities and Mission 300 objectives.
“Mobilizing private capital is essential to creating jobs and expanding opportunities for Burundian families and communities to improve their livelihoods,” he said.
Anzana Electric Group has invested in Burundi since 2018 through Songa Energy, which has one operational hydropower plant and another under construction.
Brian Kelly, chief executive of Anzana Electric Group and Weza Power, said the agreement followed years of collaboration with the government, local partners and development institutions, including the IFC.
“This PPP will strengthen Burundi’s ability to compete, attract investment and retain more value from its own resources,” he said.
“Reliable electricity will give businesses the confidence to invest, enable critical industries to grow, and unlock more of the country’s economic potential at home.”
Nigeria: Dangote Refinery Says IPO Attracts Investors From 51 African Nations
Nigeria’s Dangote Petroleum Refinery & Petrochemicals said on Sunday its ongoing initial public offering had attracted subscriptions from more than 90 countries, including 51 of Africa’s 54 nations.
The company said the offering had broken the Nigerian market record on its opening day and surpassed the previous African record within 10 days. It did not specify the records or disclose the value of subscriptions received.
Demand came from retail investors, pension funds, institutional investors and asset managers, the company said, describing the transaction as Africa’s first truly pan-African public offering.
Dangote Group Chief Financial Officer Murat Erden said the offering provided an opportunity for African and international investors to acquire a stake in the refinery.
“The extraordinary participation from individuals and institutions across Africa demonstrates a shared conviction that Africans should not only benefit from industrial development but also own and create wealth from it,” he said.
The refinery reported revenue of $22.5 billion and net profit of $4.7 billion for the nine months ended Sept. 30, 2026, compared with revenue of $9.2 billion and a loss of $117.2 million a year earlier.
Revenue rose about 144%, while earnings before interest, taxes, depreciation and amortisation (EBITDA) increased nearly ninefold to $5.5 billion from $627.6 million, the company said.
Operating cash flow rose more than tenfold to $3.68 billion.
The company said it moved from a net debt position of $1.73 billion in September 2025 to a net cash position of $651 million in September 2026.
Erden said the results exceeded the assumptions used to determine the IPO valuation.
“Our financial performance has already advanced well beyond the baseline assumptions used in determining the IPO valuation,” he said.
“The refinery’s operational momentum, scale and efficiency continue to create substantial shareholder value and reinforce our confidence in its long-term growth prospects.”
The company said cross-border capital market collaborations involving Botswana, Egypt, Ethiopia and Kenya had helped broaden access to the offering and reduce barriers to participation.
It said investors could receive dividends linked to the U.S. dollar, subject to its dividend policy and applicable regulatory approvals.
The offer is scheduled to close on Oct. 27, 2026, with no further extension currently planned, the company said.
Dangote said it had stepped up investor education and engagement across key markets to encourage wider participation.
Nigeria: Ekpo Urges Faster Rollout Of One Million CNG Vehicles To Cut Transport Fares
Zambia: Trafigura Appoints Chipokota Mwanawasa As Executive Director
Ghana: ECG Pays GH¢1.3 Billion Of GH¢1.4 Billion Tax Debt Owed To GRA
Nigeria: NERC Urges Stronger Cybersecurity Across Power Sector
The Nigerian Electricity Regulatory Commission (NERC) has called for greater collaboration and stronger cybersecurity compliance across the country’s power sector, warning that growing digitalisation is increasing its exposure to cyber threats.
NERC Chairman Dr. Musiliu Oseni, represented by Vice Chairman Dr. Yusuf Ali at a cybersecurity awareness seminar, said protecting electricity infrastructure was critical to reliable power supply and national development.
“Cybersecurity threats are no longer confined to the financial sector alone. They have become a major concern for the electricity sector and continue to expand globally. We are only as strong as our weakest point because a cyberattack does not need to target a major node before it affects the entire system,” Oseni said in remarks delivered by Ali.
The interconnected nature of power systems required all industry participants to strengthen cybersecurity compliance and resilience, he said.
“For Nigeria, the stakes are particularly high as we strive to achieve reliable and sustainable electricity supply. Cyber resilience can no longer be viewed solely as an ICT issue; it must be integrated into every aspect of business operations and strategic decision-making within the power sector,” he said.
Oseni also called for consideration of a sector-wide emergency cyber response mechanism to improve preparedness, speed up incident response and facilitate information sharing among industry participants.
The seminar examined current and emerging cyber threats, the protection of critical electricity infrastructure, regulatory requirements, threat reporting and coordination across the sector.
Other presentations covered artificial intelligence and emerging technologies, as well as lessons from the telecommunications sector on establishing a dedicated computer emergency response team for the power industry.
NERC said the seminar formed part of activities marking Cybersecurity Awareness Month 2026, with discussions focusing on AI-driven threats, workplace preparedness and the resilience of critical infrastructure.
The regulator said it would continue working with government agencies, security institutions, operators and other industry participants to protect Nigeria’s electricity infrastructure and support a reliable and secure power supply.
Ghana: Sahara Group Urges Journalists To Strengthen Public Understanding Of Energy Issues

Nigeria: NERC Orders DisCos To Compensate Wrongfully Disconnected Customers With Three Months’ Energy Credits
The Nigerian Electricity Regulatory Commission (NERC) has ordered electricity distribution companies to compensate customers who are wrongfully disconnected with energy credits equivalent to three months of their average consumption for each day they remain without supply.
The regulator also directed distributors to repair or replace faulty meters within 48 hours of receiving a report and warned against charging reconnection fees when customers are disconnected without due process.
NERC said the directives were aimed at strengthening consumer protection, improving awareness of customers’ rights and enforcing compliance with regulations in the Nigerian Electricity Supply Industry.
The measures also provide guidance on resolving disputes between customers and distribution companies, it said.
Under the Meter Asset Provider (MAP) scheme, customers who pay upfront for meters must have them installed within 10 days of full payment, the commission said.
Customers are entitled to reimbursement through energy credits spread over 120 months.
These credits must not be used to offset existing debts, it added.
NERC said meters supplied under the Meter Acquisition Fund (MAF) and the Distribution Sector Recovery Programme (DISREP) must be installed at no cost to customers.
Anyone charged for a meter under either programme is entitled to a full refund, the regulator said.


