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Kenya Power Signs Performance Contracts For More Than 6,000 Union Employees
Kenya Power on Wednesday signed performance management contracts covering more than 6,000 unionised employees as part of efforts to strengthen accountability, improve productivity and enhance customer service, the company said.
The move follows more than two decades of negotiations between management and employees represented by the Kenya Electrical Trades and Allied Workers Union (KETAWU), the company said.
Kenya Power said it was among the first government-owned enterprises to adopt performance contracts for unionised staff, in line with the Government-Owned Enterprises Act, 2025, which requires commercial state corporations to submit annual business plans and adopt performance contracts based on measurable results.
“Productivity is not simply about doing more. It is about delivering better results through effective use of our time, our skills, our resources and our technology,” Kenya Power Managing Director and CEO Joseph Siror said.
“We are becoming more efficient, more reliable and more focused on our customers. But improvement is not the destination; excellence is.”
The process was guided by Kenya’s Salaries and Remuneration Commission (SRC).
Speaking at the signing ceremony, SRC Chairperson Sammy Chepkwony urged other public institutions to emulate Kenya Power, saying the inclusion of unionised employees in performance contracts would strengthen performance management and promote a culture of productivity across the public service.
“There is nothing more powerful than having management and staff focused on one deliverable. It creates a direct link between organisational objectives and the activities of every employee,” Chepkwony said.
Kenya Power’s customer base has grown from about 370,000 in 1996 to 10.4 million currently, increasing the need for improved service delivery, the company said.
The performance contracts will enable the company to monitor the productivity of all employees under a single framework, it said.
Ruth Muiruri, a Kenya Power director who spoke on behalf of the board chairman, said the framework was intended to go beyond regulatory compliance and help the company achieve its corporate goals through measurable improvements in service delivery.
“The Board of Directors will continue to provide guidance to the management and the leadership of KETAWU to ensure smooth implementation of the productivity management framework,” Muiruri said.
Ghana: Nuclear Power Ghana Gives Journalists Insight Into Nuclear Programme
Media practitioners have been given a closer look at Ghana’s nuclear energy programme, with experts using a simulator demonstration and facility visits to explain reactor safety, radioactive waste management and the wider applications of nuclear science in health, industry and research.
The engagement, organised by Nuclear Power Ghana on August 18, 2026, took journalists to the NuScale E2 simulator at the Atomic-Kwabenya enclave and other key facilities at the Ghana Atomic Energy Commission (GAEC) in Accra.
The exercise was aimed at deepening media understanding of nuclear operations and supporting more accurate reporting on Ghana’s preparations to introduce nuclear power into its energy mix.
George Kofi Appiah, manager of the Localization and Stakeholder Support Centre at the Nuclear Power Institute, used the simulator session to explain the basic safety mechanisms of a nuclear reactor.
He explained that control rods absorb neutrons to regulate the nuclear chain reaction, while fuel assemblies, temperature controls and real-time power monitoring help maintain system stability.
The demonstration was intended to demystify nuclear technology and show that reactor operations are governed by strict engineering and safety procedures, Appiah said.
He also said the growing focus on small modular reactors could be significant for Ghana’s energy mix because of their potentially lower costs and simpler maintenance requirements, while stressing the need for a strong maintenance culture to ensure their sustainability.
At the Radioactive Waste Management Centre, its manager, Dr. Gustav Kudjoe Gbeddy, explained how radioactive materials are handled from generation through to disposal.
He said waste producers may return radioactive materials to suppliers or countries of origin where possible. When that is not feasible, the materials are transferred through the Nuclear Regulatory Authority to GAEC for safe management.
Much of the waste received at the centre comes from hospitals, particularly from cancer treatment and nuclear medicine, Gbeddy said.
He added that radioactive materials are also used in several industries, including beverage quality control, road construction, mining and non-destructive testing in the oil and gas sector.
The key challenge was to ensure radioactive waste does not become a burden for future generations, he said.
Some radioactive materials can remain hazardous for thousands of years, making containment, shielding and long-term disposal planning essential.
The waste management process includes segregation, measurement, encapsulation and storage in specially designed concrete containers, he said.
The journalists also visited Reactor Hall 1, where research scientist Dr. Kwame Gyamfi explained how nuclear techniques are used to identify and measure elements in food, water, soil, rocks and other samples.
He said the techniques support activities in mining, agriculture, healthcare, metallurgy and food research, as well as product regulation and quality assurance.
Gyamfi explained that samples can be irradiated in a reactor and subsequently analysed using a high-purity germanium detector to identify elements through their gamma-ray signatures.
The method allows scientists to determine the concentrations of multiple elements from a single sample, making it useful for research, regulation and quality assurance, he said.
The tour highlighted Ghana’s efforts to build public understanding and confidence in nuclear technology as the country moves towards introducing nuclear power into its energy mix.
The Small Modular Reactor Simulator was developed through a collaboration between Ghana and the United States and is the first of its kind in Africa, according to officials.
The centre is being used to train nuclear scientists and support research in areas including renewable energy, food processing, minerals and technology, with applications in Ghana, Africa and beyond.
Ghana: GNPC Profit After Tax Rises 24.88% To $374.99 Million Despite Lower Oil Prices
Ghana’s national oil company GNPC increased group profit after tax by 24.88% to $374.99 million in 2025, despite a sharp decline in crude oil prices, Energy Minister John Abdulai Jinapor said.
The group recorded revenue of $1.64 billion in 2025, up 3.66% from $1.58 billion a year earlier.
Jinapor, speaking at GNPC’s Annual General Meeting, said the corporation’s improved profitability came as the average achieved crude oil price fell to $69.47 a barrel in 2025 from $81.15 a barrel a year earlier.
The minister said the results demonstrated GNPC’s resilience amid mature-field decline, subdued upstream investment, infrastructure constraints and liquidity challenges in Ghana’s domestic gas and power sectors.
GNPC’s average crude oil production stood at 102,199 barrels per day in 2025, while gas exports reached 336 million standard cubic feet per day, exceeding a target of 325 million cubic feet per day, Jinapor said.
He, however, warned that Ghana’s upstream sector faced growing pressure from declining production and reserves, with gross reserves falling to 826 million barrels of oil equivalent in 2025 from 860 million barrels of oil equivalent in 2024.
“Every barrel produced must increasingly be matched by new reserves,” Jinapor said, calling for faster field development, appraisal and exploration and quicker regulatory approvals.
The government will work with GNPC, the Petroleum Commission and operators to commercialise discovered resources, address infrastructure bottlenecks and create a more predictable investment environment, he said.
Jinapor identified GNPC’s interests in the Pecan, Eban-Akoma, Afina, Pecan North, Almond and Beech prospects, as well as the Eban-Akoma development plan and amended TEN development plan, as strategically important to replacing declining reserves.
The minister also urged GNPC to strengthen its role as an operator and improve its commercial and technical capabilities, saying Ghana could not indefinitely rely on international oil companies for all aspects of upstream development.
For 2026, GNPC is targeting crude oil production of about 103,891 barrels per day and gas exports of 369.8 million standard cubic feet per day, Jinapor said.
He said the government’s priorities included accelerating reserves replacement, increasing gas commercialisation, resolving structural liquidity challenges, attracting responsible upstream investment and strengthening GNPC’s operatorship and revenue assurance.
Jinapor said Ghana would continue to develop its oil and gas resources while pursuing an orderly energy transition, including greater investment in renewable energy, energy efficiency, environmental governance and carbon management.
“Government will provide the policy direction and institutional support required, but GNPC must demonstrate the execution, commercial discipline and leadership necessary to deliver,” he said.
Nigeria: Dangote Refinery Secures $1 Billion Backing For Planned IPO
Africa’s largest petroleum refinery, Dangote Refinery, has secured a $1 billion underwriting programme ahead of its planned initial public offering, the company said on Tuesday.
The programme, structured by Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group, comprises a completed and funded $600 million private placement and a further $400 million underwriting commitment in support of the planned IPO.
The Dangote Group said the $600 million private placement had been underwritten and funded by Pan-African Refinery Investment SPV, a subsidiary of Lilium Capital Group.
Marob Strategies and Lilium Capital are coordinating the distribution of the underwriting participation across Global Africa, engaging sovereign wealth funds, governments, institutional investors and other eligible investors, the company said.
The advisers said the response had been strong, reflecting growing institutional appetite for large-scale African assets with the potential to generate long-term economic value.
The programme is also expected to boost intra-African capital flows and support the development of a more integrated African capital market under the African Continental Free Trade Area, the company said.
“This is an important milestone for DPRP and for African capital markets,” Dangote Industries Chief Executive Aliko Dangote said.
He said the transaction reflected confidence in the refinery’s strategic role and would provide a platform for broader participation by African and Caribbean sovereign wealth funds, governments and institutional investors across Global Africa.
Marob Strategies Chairman Benedict Okey Oramah said the transaction demonstrated investor appetite for African-led capital markets transactions that provide access to transformative assets on the continent.
Marob Strategies is focused on distributing the underwriting participation across Global Africa and is engaging sovereign wealth funds, governments, institutional investors and other eligible investors, Oramah said.
Lilium Capital Group Chairman Simon Tiemtoré said the mandate was part of the firm’s effort to connect major African investment opportunities with institutional investors across Global Africa and international markets.
“By mobilising long-term capital for strategic assets such as the Dangote Petroleum Refinery, we are supporting industrialisation, strengthening capital markets and contributing to sustainable economic growth across the continent,” Tiemtoré said.
The Dangote refinery, located in Lagos, has a capacity of 650,000 barrels per day and is Africa’s largest oil refinery.
South Africa: Ramokgopa Unveils Electricity Pricing Reforms To Boost Bill Transparency
South Africa’s electricity and energy minister Kgosientsho Ramokgopa on Tuesday unveiled sweeping reforms to the country’s electricity pricing policy aimed at giving consumers greater transparency over what they pay for power.
At a press briefing, Ramokgopa said the policy sought to improve affordability and ensure consumers were not unfairly burdened by costs arising from inefficiencies, municipal debt and non-payment.
The revised policy would introduce a more transparent and cost-reflective electricity tariff structure, with electricity bills required to clearly show how charges are calculated.
“What we’re also doing with the pricing policies is to provide a framework for transparent and efficient cost-reflective tariffs,” Ramokgopa said.
He said the aim was to ensure consumers could see exactly what they were paying for rather than being subjected to undisclosed costs.
Under the proposed system, electricity bills would be unbundled to show individual components of the tariff, including energy and generation costs, transmission and distribution network charges, ancillary services and municipal surcharges.
Ramokgopa said this would allow consumers to understand how electricity costs accumulated before reaching their final bills.
“It must be able to itemise how the municipality or Eskom has arrived at that which they say you owe the municipality or you owe Eskom,” he said.
The minister also criticised the practice of passing the cost of non-payment and municipal debt on to consumers who consistently pay their electricity bills.
He said the current tariff structure allows Eskom to recover some municipal debt through electricity tariffs, effectively placing additional pressure on compliant consumers.
“You are not allowed to punish those who are paying on account of those who are not paying,” Ramokgopa said.
According to the minister, between 1 and 2.5 percentage points of the current tariff could be attributed to Eskom’s inability to recover money owed through municipalities.
The revised policy is intended to prevent such costs from being shifted to consumers who pay their accounts.
Ramokgopa said the policy would also strengthen social protection measures for poor and vulnerable households through a modernised system for administering free basic electricity.
The government plans to integrate electricity beneficiary information with existing Home Affairs and social grant databases to identify households that qualify.
“So there’s a good chance someone who qualifies on a social grant, the person is most likely to also qualify for free basic electricity,” he said.
The system would include automated annual verification, allowing households’ eligibility to be reassessed as their circumstances change.
Ramokgopa said the current system places a significant administrative burden on municipalities, particularly large metropolitan municipalities, which must regularly update their beneficiary databases.
The revised pricing policy comes as the government says it has made progress in tackling both load shedding and load reduction.
Ramokgopa said the country had effectively turned the corner on load shedding and that the government was confident it could maintain the progress.
“I’m confident that we are going to maintain this momentum going into the future and we’ll speak of load shedding in the past tense,” he said.
He also announced that load reduction had been eliminated in seven of the country’s nine provinces, ahead of the government’s October target.
The Eastern Cape became the seventh province to achieve the milestone last week.
Gauteng and KwaZulu-Natal remain the two provinces where load reduction is still being addressed, with the government previously setting a March 2027 deadline.
However, Ramokgopa said he was confident the remaining work could be completed ahead of schedule, citing support from Gauteng Premier Panyaza Lesufi and KwaZulu-Natal Premier Thami Ntuli.
The minister said the government would provide further details on how it intended to prevent load reduction from returning.
The policy will also provide for negotiated electricity pricing agreements aimed at protecting strategically important industries from closure and job losses.
Ramokgopa said the government was already engaging with major industrial electricity users, including smelters, and had made public its discussions with Samancor and Glencore.
He said about seven other companies were being considered for concessional tariffs.
The revised policy is intended to guide the work of the National Energy Regulator of South Africa (NERSA), Eskom, municipalities and new participants in the increasingly liberalised electricity market.
The policy would therefore extend beyond the traditional Eskom-and-municipality-centred electricity system to include independent generators, traders and parties entering into bilateral electricity supply agreements.
Ramokgopa said the overarching objective was to create an electricity pricing system that was transparent, efficient and fair to consumers while supporting vulnerable households and protecting productive industries.
Ghana: NPA Deputy Chief Executive Dramani Bukari’s Burial Set For August 20
Ghana’s petroleum downstream regulator, the National Petroleum Authority (NPA), said on Tuesday that the burial of its late Deputy Chief Executive Dr. Dramani Bukari will take place on Thursday, August 20, in Damongo in the Savannah Region.
The NPA said a book of condolence had been opened at the reception area of its head office in Accra to allow friends, colleagues and industry stakeholders to pay their respects.
In a Facebook post announcing the funeral arrangements, the NPA said Quran recitations in honour of Bukari would be held on Friday, Aug. 21, at noon at the authority’s premises before Friday prayers.
Special prayers would also be held after Friday prayers for the late deputy chief executive, the NPA said, adding that all staff had been invited.
“May we be comforted. May we find strength in the memories Dr. Bukari has left behind. Above all, may his soul rest in perfect peace,” the NPA said.
Bukari’s death was confirmed by the NPA on Aug. 11 in a statement posted on its official Facebook page. The authority did not disclose the cause or location of his death.
“It is with profound sorrow that the Board and Management of the National Petroleum Authority (NPA) announce the sudden passing of our Deputy Chief Executive, Dr. Dramani Bukari,” the NPA said.
“Dr. Dramani Bukari’s passing is a great loss to the Authority, the downstream petroleum industry, and all who had the privilege to work with him.”
The NPA said it was deeply saddened by his death but took solace in the knowledge that he had “returned to his Maker”.
The board and management extended their condolences to his family, loved ones, colleagues and others mourning his death.
“We pray that the Almighty Allah give us all strength, comfort, and peace in this difficult time. May Allah grant our brother and leader eternal rest. Amen,” the NPA said.
Ghana’s Energy Minister John Abdulai Jinapor, representing President John Dramani Mahama, visited Bukari’s family to convey condolences on behalf of the government and the ministry.
In a Facebook post, Jinapor described Bukari as “an accomplished intellectual, a humble gentleman, and a dedicated public servant” who distinguished himself through his professionalism, commitment to duty and service to Ghana.
“On behalf of H.E. President John Dramani Mahama and the Government of Ghana, I extend our heartfelt condolences to his bereaved family, loved ones, colleagues, and the entire staff of the NPA,” Jinapor said.
He added: “May the soul of Dr. Dramani Bukari rest in perfect peace.”
Several players in Ghana’s petroleum sector also expressed condolences, recalling their interactions with Bukari.
The management and staff of Tema Oil Refinery (TOR), the Chamber of Oil Marketing Companies (COMAC), the Chamber of Bulk Oil Distributors (CBOD) and BOSTenergies extended their condolences to the NPA’s management and staff on Bukari’s death.
GOIL PLC Group Chief Executive Officer and Managing Director Edward Abambire Bawa said he first met Bukari while they served together on a subcommittee of Ghana’s transition team.
“I remember you as very affable, kind, and accommodating. God knows best. May your soul rest in perfect peace, bro. You will be missed,” Bawa wrote on Facebook.
Onasis Kobby, Deputy Chief Executive Officer of the Petroleum Hub Development Corporation, also expressed shock over Bukari’s death.
“Ohhhhhhhh Dramani Bukari, how can you do this? I am devastated,” Kobby wrote in a Facebook post.
Nigeria: NERC Tasks Interim Board To Reset Kaduna Power Distributor In One Year
Nigeria’s electricity regulator has tasked the newly constituted interim board of Kaduna Electricity Distribution Plc (KAEDC) with resetting the company and returning it to a sustainable growth path within 12 months.
The Nigerian Electricity Regulatory Commission (NERC) Chairman Musiliu Oseni gave the directive on Monday, Aug. 17, during a meeting with members of the interim board and the company’s interim administrator.
Oseni said the commission had carried out a similar intervention in 2024 that led to a significant improvement in KAEDC’s performance before its former investors resumed control.
“We expect a lot from you, and the Administrator will bring you up to speed to ensure that you meet the target within one year. Most importantly, we want to begin to see progress immediately,” Oseni said.
He identified KAEDC’s high aggregate technical, commercial and collection (ATC&C) losses and significant metering deficit as areas requiring urgent attention.
The Director-General of the Bureau of Public Enterprises (BPE), Ayo Gbeleyi, highlighted various metering programmes available to KAEDC and urged the company to leverage them to reduce its metering gap across its franchise area.
NERC Commissioner for Legal, Licensing and Compliance Dafe Akpeneye said members of the interim board had been selected based on their professional expertise and relevant skills.
The board’s chairman, Abdullahi Garba, pledged to work with NERC and BPE to address outstanding issues, improve KAEDC’s operational and financial performance and ultimately make the company viable and saleable.
The board is also expected to demonstrate measurable improvements in KAEDC’s performance, ensure prudent use of funds and deploy its expertise to restore the company’s market performance.
NERC, through Order No. NERC/2026/08, dissolved KAEDC’s board of directors following repeated failures to meet market obligations and other prescribed performance indicators.
The commission subsequently appointed a five-member interim board of special directors, chaired by Garba, for an initial one-year period. It also appointed Abubakar Umar Hashidu as interim administrator for an initial six months to oversee the company’s operations and support the reset.
KAEDC distributes electricity across parts of northern Nigeria and is one of the country’s 11 electricity distribution companies.
Ghana: COMAC Conducts Mystery Shopping Exercise At Fuel Stations In Five Regions
The Chamber of Oil Marketing Companies (COMAC), the umbrella body for oil marketing companies in Ghana’s downstream petroleum sector, has conducted a mystery shopping exercise at selected fuel stations across five regions in the northern part of the country.
The exercise covered selected retail outlets in the Northern, Savannah, North East, Upper East and Upper West regions, assessing customer service, product availability, safety awareness, forecourt practices and compliance with operational standards.
Led by COMAC Chief Executive Officer Dr. Riverson Oppong and supported by the chamber’s compliance team, the exercise involved direct engagement with selected retail outlets across the five regions.
COMAC said the exercise provided an independent assessment of how industry standards and customer service expectations are reflected in the day-to-day operations of fuel stations.
“Field engagements such as this help identify areas requiring improvement, highlight commendable practices, and strengthen COMAC’s understanding of compliance gaps and operational realities within Ghana’s downstream petroleum sector,” Oppong said.
He said the findings would support ongoing engagement with industry stakeholders and efforts to improve standards across the sector.
COMAC said it would use the insights gathered to promote a safe, compliant, efficient, transparent and customer-focused downstream petroleum industry.
Petrobras Awards Halliburton Contract For São Tomé CCS Pilot Project
Brazilian state-owned energy company Petrobras has awarded Halliburton Produtos Ltd a contract to drill and complete four onshore wells at the Barra do Furado Station (EBAF) in Quissamã, Rio de Janeiro state.
The wells, comprising one vertical injection well and three directional monitoring wells, will form part of the infrastructure for the São Tomé carbon capture and storage (CCS) pilot project.
The project is the first in Latin America to capture, transport and store carbon dioxide (CO₂) from industrial sources in a saline reservoir, Petrobras said.
The contract marks a step towards implementing the project and supports Petrobras’ strategy to contribute to the goal of achieving carbon neutrality by 2050, the company said.
The CCS pilot aims to test and validate a range of technologies while capturing up to 100,000 metric tons of CO₂ per year for three years.
Drilling and completion of the wells, along with the required infrastructure, are expected to be completed by 2028.
Petrobras plans to begin operations in 2029, followed by three years of CO₂ injection and a further three years of reservoir monitoring.
Brazil: President Lula Visits Petrobras Drilling Rig In Equatorial Margin
Brazilian President Luiz Inacio Lula da Silva visited a Petrobras drilling rig on Monday as the state-run oil company conducts exploratory work in deep waters off the country’s northern coast, the company said.
Lula visited the NS-42 rig, which is drilling the Morpho well off the coast of Amapa in Brazil’s Equatorial Margin, accompanied by Petrobras CEO Magda Chambriard and senior government officials, including Mines and Energy Minister Alexandre Silveira.
Petrobras has reported the presence of hydrocarbons at the Morpho well, where it is carrying out exploratory drilling to assess the area’s potential.
The visit comes as Petrobras advances exploration plans in Brazil’s Equatorial Margin, an area that the company sees as having significant oil and gas potential.
Also accompanying Lula were Chief of Staff Miriam Belchior and Senate President David Alcolumbre.
The Equatorial Margin stretches along Brazil’s northern coast and has attracted growing interest from oil companies, although exploration there has faced environmental scrutiny.
Petrobras has reported the presence of hydrocarbons at the Morpho well, where it is carrying out exploratory drilling to assess the area’s potential.
The visit comes as Petrobras advances exploration plans in Brazil’s Equatorial Margin, an area that the company sees as having significant oil and gas potential.
Also accompanying Lula were Chief of Staff Miriam Belchior and Senate President David Alcolumbre.
The Equatorial Margin stretches along Brazil’s northern coast and has attracted growing interest from oil companies, although exploration there has faced environmental scrutiny.
Ghana: BOSTenergies Engages Tanker Drivers Over Concerns At Kumasi Depot
BOSTenergies has engaged fuel tanker drivers over concerns about operations at its Kumasi depot and assured them and other stakeholders that the issues are being addressed.
The engagement followed plans by some tanker drivers to stage a three-day strike over the condition of a loading arm and inadequate parking capacity at the Kumasi Bulk Road Vehicle (BRV) Park.
In a statement, BOSTenergies said it had engaged a contractor to replace the damaged loading arm.
The work is intended to restore the loading infrastructure to required operational, reliability and safety standards, the company said.
BOSTenergies said the Kumasi depot continued to meet market demand using its existing loading arms.
The company also acknowledged concerns about inadequate parking space for BRVs at the Kumasi BRV Park. It said it had previously acquired land for a new facility with capacity for 200 trucks and had awarded a contract for its construction.
The planned expansion is expected to increase parking capacity and ease congestion associated with tanker operations at the depot, BOSTenergies said.
As an interim measure, the company said it was leasing a third-party facility for BRV parking pending completion of the new facility.
Following talks with the leadership of the tanker drivers’ union, the drivers agreed to suspend plans for the three-day strike and continue discussions with BOSTenergies while the outstanding concerns are addressed.
BOSTenergies said it valued the role of tanker drivers in the distribution of petroleum products across Ghana and remained committed to engaging with them and their representatives.
The company said it would continue to work with the tanker drivers, the National Petroleum Authority (NPA) and other stakeholders to address the concerns.
Tanzania: Samia To inaugurate $3.35 Billion Julius Nyerere Hydropower Plant On Aug. 22
Tanzanian President Samia Suluhu Hassan is expected to inaugurate the Julius Nyerere Hydropower Project (JNHPP), a 2,115-megawatt (MW) power plant, on Aug. 22 at the project site in Rufiji in the Pwani region, Energy Minister Deogratius John Ndejembi said on Friday.
The inauguration will be attended by government officials, guests from Tanzania and abroad, members of the public and development partners, Ndejembi told journalists in Dar es Salaam.
“The inauguration of the Julius Nyerere Hydropower Project is a historic event and an important milestone in Tanzania’s journey toward building a reliable energy system,” Ndejembi said.
The project, Tanzania’s largest power-generation investment financed by the government, cost about 7.452 trillion Tanzanian shillings ($3.35 billion), he said.
Construction of the project began in June 2019 and was completed in March 2025, according to Ndejembi.
The plant has increased electricity supplied to Tanzania’s national grid, helping to ease generation shortages that had previously contributed to power rationing, he said.
As of May 31, 2026, the plant had generated about 44.9% of all electricity supplied to the national grid over the preceding 12 months, Ndejembi said.
The project has an associated reservoir with a storage capacity of 33 billion cubic metres of water, about 10 times the capacity of the Mtera Dam, he said.
The government says the project is also expected to support flood control along the Rufiji River, irrigation, tourism and water supply.
Ndejembi said the investment was in line with the objectives of Tanzania’s Development Vision 2050 and the government’s efforts to expand electricity generation and strengthen the national grid.
The project is expected to support industrial production, investment and economic growth, he added.
Ghana: GNPC 2025 Revenue Rises 3.7% To $1.64 Billion As Ghana Moves To Halt Oil Output Decline
Ghana National Petroleum Corporation (GNPC) and its subsidiaries recorded revenue of $1.64 billion in 2025, up 3.66% from $1.58 billion a year earlier, as the state oil company stepped up efforts to stem declining crude production and bring new petroleum resources into development.
GNPC, on a standalone basis, recorded revenue of $1.45 billion from crude oil and gas sales, compared with $1.41 billion in 2024, an increase of 2.92%.
Crude oil sales generated $499.42 million, while gas sales contributed $952.38 million, supported by higher sales volumes, improved pricing and increased gas commercialisation, the company said.
Total crude oil production from Ghana’s three producing fields stood at 37.30 million barrels in 2025, while gas production reached 273.78 billion standard cubic feet (MMscf), with exports totalling 122.72 billion standard cubic feet.
GNPC Explorco recorded revenue of $153.6 million, up from $147.2 million in 2024, while profit after tax rose to $25.6 million.
Prestea Sankofa Gold Limited recorded revenue of $33.65 million and profit after tax of $2.7 million in 2025, compared with revenue of $23.42 million and profit of $640,000 a year earlier.
Mole Hotel Limited recorded revenue of $570,000, compared with $53,986 in 2024. Ghana National Gas Company Limited recorded revenue of 5.85 billion Ghana cedis and profit after tax of 246.25 million cedis, compared with profit of 118.16 million cedis in 2024.
The figures were presented at GNPC’s third annual general meeting in Accra under the theme “40 Years of Resilience”.
GNPC’s performance came against a difficult backdrop for Ghana’s upstream petroleum sector, which recorded a fifth consecutive year of declining crude oil production and subdued investor activity.
Average daily crude oil production from the Jubilee, TEN and Sankofa Gye Nyame fields was 102,199 barrels per day in 2025, while gas supplied for domestic use averaged about 336 million standard cubic feet per day, exceeding the annual target of 325 MMscf/d, the company said.
GNPC Chief Executive Kwame Ntow Amoah said interventions introduced during the year had helped slow the decline in production.
“In the second half of the year, the results of our interventions began to show: a precipitous decline had been averted,” he said.
GNPC’s strategy in 2025 focused on stabilising production, expanding gas commercialisation, advancing exploration and strengthening its capacity to operate petroleum assets, Amoah said.
GNPC and its partners, under the direction of the Ministry of Energy and Green Transition, also negotiated extensions to three petroleum agreements covering Deepwater Tano, West Cape Three Points and Offshore Cape Three Points.
The extensions are expected to unlock $3.5 billion in investment over the next three years, the company said.
The company also advanced plans to develop additional resources. The declaration of commerciality for the Eban-Akoma discoveries in the Cape Three Points Block 4 moved the fields into development planning, while preparations continued for an exploration well in Ghana’s Voltaian Basin, which is expected to be drilled in the fourth quarter of 2026.
GNPC Board Chairman Prof. Joseph Oteng-Adjei said the board’s priorities included addressing the decline in oil production, accelerating gas commercialisation, attracting upstream investment and advancing exploration in the Voltaian Basin.
“These strategic initiatives are essential to strengthening Ghana’s energy security and sustaining the long-term growth of the petroleum sector,” he said.
Energy and Green Transition Minister Dr. John Abdulai Jinapor said GNPC’s financial results demonstrated that stronger commercial discipline could improve performance despite difficult market conditions.
Group profit after tax rose 24.88% to $374.99 million, even as GNPC’s realised crude oil price fell to $69.47 per barrel from $81.15 per barrel in 2024.
Jinapor urged the corporation to build on the improvement through disciplined capital allocation, tighter cost controls, stronger project management and improved revenue collection.
He said the government would work with GNPC, the Petroleum Commission and industry operators to accelerate field development, appraisal and exploration, improve the pace of regulatory approvals, address infrastructure constraints and provide a more predictable investment environment.
“Our policy objective must be to move discovered resources into production faster while creating the conditions for discoveries,” Jinapor said.
He also said the government intended to review Ghana’s petroleum fiscal framework to reflect changing global industry conditions and improve the country’s competitiveness in attracting upstream investment.
GNPC said it would focus on restoring production growth, expanding gas commercialisation, strengthening its operatorship capability and bringing new resources into production as it seeks to build the capacity of the national oil company.
Angola: Chevron Announces Oil And Gas Condensate Discovery Offshore
Chevron said on Monday it had discovered oil and gas condensate at an exploration well in Block 0, offshore Angola, adding to its push to increase production in sub-Saharan Africa through infrastructure-led exploration, Reuters reported.
Angola, sub-Saharan Africa’s second-largest oil producer, introduced a presidential decree in late 2024 that included reforms and tax cuts aimed at making mature blocks more attractive to investors and encouraging exploration.
The well in Angola’s Lower Congo Basin encountered an oil and gas condensate column exceeding 600 metres in the Pinda reservoir, including more than 90 metres of net pay in what Chevron described as high-quality rock.
Block 0 is operated by Chevron subsidiary Cabinda Gulf Oil, which holds a 39.2% working interest. Sonangol E&P holds a 41% working interest, TotalEnergies has 10% and Azule Energy holds 9.8%.
Chevron has operated in Angola since the 1930s and has interests in two concessions: Block 0, off the coast of Cabinda province, and Block 14, in deep water.
The company said the discovery builds on its exploration programme in sub-Saharan Africa, where it produces about 300,000 barrels of oil equivalent per day on a net basis.
Chevron plans to assess whether the discovery can be tied into nearby existing facilities to reduce development costs and accelerate production.
The company has expanded its regional acreage over the past year, adding offshore blocks in Nigeria and securing interests in Guinea-Bissau and Equatorial Guinea.
It is also exploring several blocks in Angola and plans a multi-well programme across the region, including the Nabba-1X well in Namibia, before the end of the year.