AfrElec - Africa Power Monitor
Swakop Uranium seeks approval for new uranium mine in Namibia's Erongo region
Swakop Uranium, the Chinese-controlled operator of Namibia's Husab mine, has opened an environmental review of a proposed uranium development in the Erongo region.
AEC welcomes establishment of Africa Energy Bank ahead of 2027 lending
The African Energy Chamber has welcomed the formal establishment of the Africa Energy Bank (AEB), describing it as an important step towards increasing African control over financing for oil, gas and other energy projects.
Perseus Mining installs 28 MW of backup generators at Tanzania's Nyanzaga gold project
Australian gold producer Perseus Mining (ASX, TSX: PRU) has secured 28 containerised generator sets for its Nyanzaga gold project in north-western Tanzania as it prepares to begin production in January 2027
Nigeria's Geregu Power reports 80% profit collapse as transformer failures hit generation
Nigerian power generator Geregu Power Plc (NGX: GEREGU) reported a 79.85% year-on-year fall in pre-tax profit to NGN7.55bn ($5.61mn) for the nine months ended September 30
Fedgroup's $3.1mn solar project supports Coega Steels' new South African rolling mill
South African steel producer Coega Steels is using renewable electricity infrastructure financed by financial services group Fedgroup to support its newly opened rolling mill in the Eastern Cape
South African industrial gas users seek presidential intervention after failed power tender threatens supply
South African industrial gas users are seeking presidential intervention after a failed power tender exposed LNG infrastructure delays and potential gas shortages from 2030.
South African mining council backs net-zero transition while defending coal's energy role
Minerals Council South Africa's 2026 climate policy backs net-zero ambitions while recognising coal's role in energy security, leaving companies to set their own emissions targets.
Lotus Resources dispatches first uranium shipment from Malawi's Kayelekera mine
Australian-listed Lotus Resources has dispatched its first shipment of approximately 145,000 pounds of uranium concentrate from Malawi's Kayelekera mine, marking progress towards export revenue following the restart of production in 2025.
South Africa's Shumbasolve launches 6.35-MW solar plant with battery storage in Mpumalanga
South Africa's Shumbasolve has launched a 6.35-MW solar plant with 4.48 MWh of battery storage in Mpumalanga, with a separate 184-MW development planned for 2029.
Ethiopia seeks $11bn from development partners for $18bn electrification plan
Ethiopia's $18bn electrification programme targets 32.5mn households and universal electricity access by 2035.
US-backed $3mn Lobito Corridor power study reaches November 2 tender deadline
Mauritius-based Anzana Electric Group is seeking proposals from qualified US engineering and consulting firms.
South Africa estimates Eskom grid transfer at up to $7.8bn as restructuring advances
South Africa estimates that transferring electricity transmission assets from state-owned Eskom to an independent operator could involve ZAR80bn–130bn ($4.8bn–$7.8bn).
South Africa invites 85 entities to test wholesale electricity market ahead of April 2027 launch
South Africa has invited 85 external entities to test its new wholesale electricity trading platform ahead of a planned April 2027 launch.
Afreximbank and oil producers launch Africa Energy Bank with $5bn authorised capital, eye first financing in 2027
The Nigeria-based lender, plans a $1.25bn first subscription tranche and will prioritise export and domestic gas infrastructure, power and clean cooking.
Nigerian energy group Oando swings to $56mn pretax loss despite 14% production rise
Oando proposes to raise up to NGN500bn in new equity, starting with a NGN220bn rights issue awaiting regulatory approval, alongside converting $300mn of existing debt into equity
Kenyan power producer KenGen completes $120mn rehabilitation of Olkaria I geothermal plant
KenGen puts the station's upgraded installed capacity at approximately 63MW, up 40% from 45MW previously.
Ethiopia’s hydropower expansion highlights gap between growing generation capacity and limited electricity access, says IEA
Ethiopia has invested heavily in hydropower and is becoming a major electricity supplier in East Africa, but unreliable networks, limited household access and a shortage of private investment continue to restrict the economic benefits.
Ghana think tank launches year-long review of nuclear power investment readiness
Ghana’s Institute of Economic Affairs has launched a one-year review of the workforce, regulatory and investment needs of the country’s nuclear power programme.
Green Climate Fund approves $56mn for Namibia’s hydrogen investment vehicle
The Green Climate Fund (GCF) has approved a $56mn allocation to Namibia’s SDG Namibia One investment fund to support green hydrogen and industrial decarbonisation projects
Marula proposes 30% empowerment stakes in South African lithium and tungsten projects
Marula Mining has proposed transferring 30% interests in two South African project companies to Broad-Based Black Economic Empowerment (B-BBEE) vehicles, covering its Blesberg lithium-tantalum mine and Northern Cape tungsten project
Kenya's KenGen shareholders approve 16.7% dividend cut as capital spending rises
Kenya Electricity Generating Company (NSE: KEGN), the state-controlled power producer, secured shareholder approval on October 29 for a 16.7% dividend cut
Zambia's Zesco could face $23.1bn financing gap under open-access power scenario
Zambia's state-owned electricity utility Zesco could face a financing shortfall of up to $23.1bn between 2033 and 2050 under an open-access electricity market scenario presented by the Ministry of Energy.
Egypt and Russia advance nuclear energy and industrial cooperation at Kremlin summit
Africa's energy demand set to nearly double by 2060, AEC’s report says
Africa will need substantial investment in electricity networks, fuel supplies and new generating capacity as energy consumption rises over the coming decades, with governments facing pressure to improve access while limiting emissions.
African Energy Week to expand to two Cape Town venues in 2027
African Energy Week (AEW) will return to Cape Town on October 4–8, 2027, using both Cape Town International Convention Centre (CTICC) venues to accommodate more exhibitors, investors and industry discussions.
Lotus uranium output down 35% at Malawi mine after processing shutdown, quarterly costs rise 76%
Australian uranium producer Lotus Resources (ASX: LOT, OTCQX: LTSRF) reported a 34.7% decline in quarterly uranium output at its Kayelekera mine in Malawi, while operating costs rose 75.6%.
Kenya LNG power project cost estimates diverge as Treasury cites $300mn
Floating gas plant put at a fraction of the $2.9bn estimate for the 1,200MW Mombasa project, as questions remain over costs, design and financing
African Energy Week reports $17bn in commitments as energy projects seek financing
African Energy Week (AEW) 2026 concluded in Cape Town with more than $17bn in reported investment commitments, new licensing opportunities and a series of corporate agreements aimed at advancing oil, gas and power projects across the continent.
Nigeria anti-graft agency arrests 15 in Ogun lithium processing probe
Nigeria's Economic and Financial Crimes Commission (EFCC) said it had arrested 14 Chinese nationals and one Nigerian at four facilities in Ogun State that the agency alleges were being used for illegal lithium processing.
South Africa's EPIX launches renewable power trading after Investec licence transfer
Investec–Energy Partners joint venture begins electricity trading as South Africa targets April 2027 opening for wholesale power market.
Nigeria's Transcorp nine-month profit falls 18% to $54.9mn
Nigeria's listed conglomerate Transnational Corporation Plc (NGX: TRANSCORP) reported a 17.9% year-on-year decline in profit after tax to NGN75.09bn ($54.9mn) in the first nine months of 2026, while revenue fell 13.3%.
Mozambique targets completion of 22 rural electrification projects by end-2027
FUNAE chairman Mety Gondola said the institution was prioritising the 10 projects already 60% to 70% complete as it seeks resources to finish delayed work.
Namibia renews environmental clearance for Asarian's Norasa uranium project until 2029
Namibia has renewed the environmental clearance certificate for Asarian Energy's (TSX: ARN; FSE: F2T; NSX: AAE) Norasa uranium project until August 11, 2029, allowing the explorer to continue advancing development plans for its two uranium deposits.
China’s Huayou acquires Ghana lithium project rights, assumes $66mn funding commitment
Chinese mining group takes over Elevra Lithium’s interests in Ewoyaa, while its separate $210mn takeover of Atlantic Lithium awaits final approvals.
Tanzania gives state institutions six months to identify carbon credits in infrastructure
Government targets emissions-reduction revenue from railway, transit and hydropower projects but faces verification and financing challenges.
Nigeria’s Geregu Power signs Siemens Energy deal for three transformers at 435MW plant
Equipment procurement aims to improve grid reliability after prolonged transformer-related outages, while first-half revenue fell nearly 79%.
Kenya plans 34 geothermal wells and 200MWh battery storage by 2030
Kenya plans to drill 34 geothermal wells and deploy a 200-megawatt-hour (MWh) battery energy storage system by 2030 to meet rising electricity demand and improve grid reliability.
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