AfrElec - Africa Power Monitor

Nigeria’s integrated energy firm Heirs Energies wins EMEA award for $750mn financing deal

Nigeria’s Heirs Energies Limited, one of Africa’s leading indigenous-owned integrated energy companies, has been recognised on the global stage at the EMEA Finance Project Finance Awards 2026.

Nigeria launches 20MW mini-grid project in Kogi State

Nigeria’s government has launched a 20MW mini-grid power project in Kogi State, which it described as the largest mini-grid development in North Central Nigeria, as part of a rural electrification programme valued at more than $100mn

South Africa’s Eskom and Zululand Energy Terminal sign HOA to advance gas-to-power programme

South Africa’s state-owned power utility Eskom and Zululand Energy Terminal have signed a Heads of Agreement establishing the framework for a long-term strategic partnership to support South Africa’s gas-to-power programme.

Lesotho signs $6.2bn hydropower and AI project with aim of becoming power exporter

The agreement Lesotho signed with US-based Convalt Energy to develop a 1,200MW hydropower project and an AI data centre is valued at almost three times Lesotho's GDP.

Egypt to connect 500MW Obelisk solar phase two to national grid within weeks, says minister

The second phase of the Obelisk solar project in Egypt’s Nag Hammadi, with a capacity of 500MW, will be connected to the Egyptian national grid within the coming weeks

Lesotho signs $6.2bn 1,200MW hydropower and AI data centre deal with Convalt Energy

Lesotho has signed a binding agreement with US-based Convalt Energy to explore a 98bn loti ($6.2bn) 1,200MW hydropower and AI data centre development, potentially the largest investment commitment in the country's history.

Paras Energy raises $11mn in landmark Nigerian power-sector bond

Paras Energy has raised NGN15bn ($11mn) through a fully subscribed five-year senior unsecured bond, marking the first unwrapped debut bond issuance by a privately held company in Nigeria's power sector.

South Africa's Eskom secures LNG supply agreement with Vopak's JV Zululand for Richards Bay project

Eskom has signed a long-term LNG agreement with the Zululand Energy Terminal, providing access to South Africa's planned first LNG import facility and supporting a proposed 3,000 MW gas-fired power project at Richards Bay.

India’s TCIL seeks partners for major Ghana solar rollout across public facilities

India’s state-owned Telecommunications Consultants India Limited (TCIL) has launched a search for consortium partners and backend contractors to support deployment of more than 31 MW of solar power systems across public institutions in Ghana.

Egypt prepares 49 power grid projects ahead of summer load

Anzana secures $20mn BII debt facility to expand African hydropower portfolio

Anzana Electric Group has secured a $20mn senior secured debt facility from British International Investment (BII) to accelerate the development of small-scale hydropower projects across East, Central and Southern Africa

Sun King secures $4.5mn loan to expand off-grid solar distribution in Africa

Sun King has secured a $4.5mn loan to expand the distribution of off-grid solar products in underserved communities across sub-Saharan Africa, strengthening its position in the region’s growing decentralised energy market.

Nigeria’s power crisis endures despite $3.65bn in World Bank support

Nigeria has received at least $3.65bn in World Bank-backed funding for its electricity sector since 2001, yet unreliable power supplies, repeated grid collapses and widespread dependence on generators continue to hamper economic activity

Senegal targets battery storage and mini-grid expansion in renewables push, says IRENA

Senegal is accelerating its renewable-energy transition through large-scale battery storage projects, solar expansion, regional hydropower integration and agriculture-focused mini-grids aimed at improving grid reliability and rural electrification.

Expanding FLNG capacity strengthens Congo’s gas-focused energy strategy

The Republic of the Congo is moving towards a more flexible and export-focused gas sector as new floating liquefied natural gas (FLNG) developments emerge alongside existing capacity.

China’s BYD captures 35% of Africa EV market, as latecomer rival Tesla bets on Morocco

Chinese EV giant BYD upped its market share from just 4% in 2023 as electric vehicle sales on the continent accelerated. Tesla is betting on Morocco, Africa’s leading EV manufacturing hub.

Aura Energy targets 2026 FID for Mauritania uranium mine following deal with "major" nuclear utility

Dual-listed Aura Energy targets final investment decision on its Tiris uranium project in Mauritania by end 2026 after signing a strategic MoU with a "major international nuclear utility".

South Africa approves discounted power tariff for ferrochrome producers

South Africa’s energy regulator approves discounted electricity tariff for major ferrochrome producers including Samancor Chrome and the Glencore (LON:GLEN)-Merafe Chrome Venture, in a move aimed at preserving domestic smelting capacity and jobs.

Mozambique invites more South Korean investment into green hydrogen, critical minerals, agriculture

Mozambique is keen to collaborate with South Korea in mining, natural gas, infrastructure, green hydrogen and agriculture, a minister visiting Seoul said.