AfrElec - Africa Power Monitor

GECF calls for new gas investment at African Energy Week 2026

Annual global primary energy demand will rise by 20% to 768 exajoules (EJ) by 2055, from 641 EJ in 2024, as economic and population growth drive consumption.

Jinko ESS signs deal to supply 18 MWh of battery storage for Mali telecom project

Chinese energy-storage supplier Jinko ESS said it had signed an agreement to supply 34 SunGiga G2 Plus battery systems for an unidentified telecommunications project in Mali.

Zimbabwe's Zesa posts $139mn operating profit as cheaper power imports cut costs

Zimbabwe's state-owned electricity utility Zesa Holdings reported an operating profit of $139.3mn in the first half of 2026, exceeding its budget target by 68%.

Kodal pays $300,000 for Ghana lithium stake, targets 80% through earn-in

Kodal Minerals has acquired an initial 10% stake in a Ghanaian JV established to explore the Asamankese lithium project for $300,000, with the right to increase its ownership to 80% through staged investment and technical milestones over 5 years.

DR Congo inaugurates $522mn Kamoa-Kakula solar and battery complex supplying major copper mine

The Kamoa-Kakula solar and battery complex in Lualaba province launched on October 16, several weeks after the facilities began supplying electricity to one of Africa’s largest copper mining operations.

Deep Yellow delays Namibia uranium project investment decision beyond 2026

Australian uranium developer Deep Yellow (ASX: DYL, NSX: DYL, OTCQX: DYLLF) has postponed a final investment decision on its Tumas uranium project in Namibia beyond 2026, citing weak equity market conditions.

Kenya plans $616mn nuclear research reactor at Konza, targets 2027 start

Kenya plans to begin building a KES80bn ($616mn) nuclear research reactor at Konza Technopolis in 2027, financed through a public-private partnership.

Rwanda-based Kabisa plans $50mn capital raise for East African EV charging corridors, assembly

Rwanda-based electric mobility company Kabisa Electric is preparing an approximately $50mn capital raising to develop high-power charging stations along East African trade corridors and establish electric vehicle assembly operations

AFC eyes iron ore and uranium investments across Africa

Africa Finance Corporation (AFC) is seeking new investments in iron ore and uranium as it expands its exposure to Africa's mining sector, with announcements possible within the next six to 12 months.

Nigeria energy inflation jumps to 5.38% m/m in September

Nigeria breaks ground on 17.7MW Oyo mini-grid projects

Five interconnected projects in Oyo State will combine solar, battery storage and local distribution infrastructure under the World Bank-backed DARES programme.

Nigeria plans 750,000-meter rollout under presidential initiative in 2027

NERC says the Presidential Metering Initiative will deploy 750,000 meters next year as about 4.7mn active electricity customers remain unmetered.

Uganda, South Sudan seek AfDB financing for Juba–Nimule road

Uganda has proposed seeking African Development Bank financing to reconstruct South Sudan's Juba–Nimule highway, a key cross-border trade route, as both countries pursue closer infrastructure and energy cooperation.

Namibia rules out power grid privatisation amid BW Kudu dispute

AEC and S&P Global Energy extend African Energy Week partnership through 2031

The African Energy Chamber and S&P Global Energy have renewed their partnership for African Energy Week for five years, extending the agreement through the 2031 conference.

Solarise Africa secures $1.12mn grant for Uganda and Zambia expansion

Solarise Africa has secured a €1mn ($1.12mn) grant from the Energy and Environment Partnership Trust Fund (EEP Africa) to expand its renewable energy financing business into Uganda and Zambia.

Paladin Energy reports 19% quarterly production drop at Namibia uranium mine

Uranium producer Paladin Energy (ASX: PDN, TSX: PDN, NSX: PDN) reported a 19% decline in quarterly production at its Langer Heinrich mine in Namibia, as scheduled maintenance and lower processing recoveries pushed operating costs higher.

Egypt cuts daily gas grid supplies by 400mn cubic feet as electricity demand eases

Egypt has reduced natural gas supplies to its national transmission network to approximately 7bn cubic feet per day since early October

Lohum plans Zimbabwe lithium sulphate plant to feed Indian battery supply chain

Indian critical minerals company Lohum plans to build a lithium sulphate plant in Zimbabwe within 12 to 18 months, processing locally mined ore before shipping the material to India for further refining and battery production.

Tanzania says six carbon projects reach credit-generation stage

Six Tanzanian carbon projects now generate credits, a minister said in Kigali, as Tanzania courts investment to narrow a $12bn climate-finance gap.

Ghana aims to replace liquid fuel for power generation with gas in 2027

Ghana is planning to stop buying liquid fuels for electricity generation next year as domestic gas and imports from Nigeria replace diesel and heavy fuel oil in thermal power generation plants.

Namibia appoints nuclear commissioner to advance atomic energy programme

Namibia has appointed a Nuclear Commissioner and established a high-level management committee to coordinate preparations for nuclear power generation, as the uranium producer seeks to curb electricity imports.

Africa Energy Bank targets early 2027 financing as launch nears

The institution was conceived as an African-led financing mechanism for energy projects as international lenders increasingly restrict financing for fossil fuels.

African Energy Bank to finance gas projects from early 2027

The Africa Energy Bank will begin financing projects in early 2027 after becoming operational within weeks, Farid Ghezali, secretary-general of the African Petroleum Producers Organization, said at African Energy Week 2026 in Cape Town.

Bannerman Energy spends $26mn on local procurement at Namibia uranium project

Australian uranium developer Bannerman Energy (ASX: BMN, NSX: BMN) spent more than NAD428.2mn (about $26mn) on local procurement and contractor services in Namibia during its 2026 financial year.

Elsewedy Electric, Sinohydro sign $2.2bn contract for Rabigh 2 power plant expansion in Saudi Arabia

Zimbabwe’s $650mn Kariba solar project moves closer to implementation

Zimbabwe's $650mn Kariba solar power project is advancing towards implementation after completing key technical and regulatory preparations, as the country seeks to boost electricity supply and reduce dependence on imports.

Arkle Resources reports maiden uranium discovery at Namibia’s ULG target as eight of nine holes hit mineralisation

The reconnaissance results give Arkle a second uranium target in Namibia's Erongo region, home to the Rössing and Husab mines, and a path towards a maiden resource estimate in 2027.

Ethiopian lawmakers back $146mn IDA credit for Addis Ababa grid ahead of COP32

The loan is additional financing for the first phase of the World Bank-backed Power Sector Reform, Investment and Modernization in Ethiopia (PRIME) programme.

Kenya’s $620mn Nairobi pact lags as governor says three of 40,000 streetlights installed

Only three of 40,000 streetlights planned under Nairobi’s KES80bn ($620mn) development agreement with Kenya’s national government have been installed, Governor Johnson Sakaja said on October 12.

Zimbabwe urged to remove financing barriers to unlock $9.13bn energy investment

Zimbabwe must resolve currency risks, utility debt and other structural barriers preventing energy projects from securing financing if it is to mobilise $9.13bn needed to expand electricity generation and achieve universal access by 2030.