Africa is on the cusp of a significant transformation in its energy landscape, with several high-profile events and initiatives bringing together stakeholders to discuss and shape the continent’s energy future. These gatherings highlight the urgent need for sustainable energy solutions, regional integration, and innovative financing strategies to address Africa’s energy challenges. Key Events and InitiativesMission
In a comprehensive economic strategy, Dr. Olisa Agbakoba, a former president of the Nigerian Bar Association, has outlined a transformative plan to propel Nigeria’s economy towards unprecedented growth. Agbakoba emphasizes that Nigeria can achieve an ambitious N500 trillion budget by 2026/2027 by transitioning from a resource-dependent economy to a diversified, production-oriented model. This vision involves
In a significant move to curb corruption and ensure transparency in public procurement, the Bureau of Public Procurement (BPP) has issued a stern warning to procurement officers across Nigeria. The agency, led by Director-General Dr. Adebowale Adedokun, has vowed to expose and sanction any official involved in inflating contract costs or circumventing due process. This
In a move to expand access to clean and affordable energy across Africa, climate-tech company WiSolar has unveiled flexible installment payment options for its solar electricity solutions. With operations in both Nigeria and South Africa, the company is seeking to bridge the energy affordability gap by allowing customers to spread payments over a 24-month period.
In a renewed effort to bolster Africa’s manufacturing ecosystem and empower aspiring business owners, the Chief Executive Officer of Small-Scale Enterprise (SSE) Lab, Adesola Jimmy-Eboma, has unveiled the second cohort of the Manufacturing Business Accelerator (MBA) Programme. The initiative, set to commence on April 20, 2025, and run until July 17, 2025, is designed to
The Lagos State Government has reopened the Ketu Fruit Market barely 24 hours after it was sealed for flouting environmental regulations. The development came following swift compliance by the traders, who reportedly worked through the night to clean up the market and restore sanitary conditions in line with the state’s environmental expectations. Commissioner for the
In a significant move to revolutionize energy use in Nigeria’s agricultural sector, Olam Agri has partnered with Husk Power Systems to launch a pioneering commercial and industrial (C&I) solar energy project. The initiative, unveiled recently, aims to transform Olam Agri’s rice processing facility in Rukubi, Nasarawa State, by integrating solar energy into agricultural production on
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a significant update on Nigeria’s hydrocarbon reserves, revealing that the country’s crude oil and condensate reserves now stand at a combined total of 37.28 billion barrels. This figure includes 31.44 billion barrels of crude oil and 5.84 billion barrels of condensate. Additionally, Nigeria’s natural gas reserves
The Nigeria Employers’ Consultative Association (NECA) has praised the Nigeria Customs Service (NCS) for its ongoing reforms and operational improvements aimed at enhancing trade facilitation and supporting private sector development. During a recent courtesy visit to the Comptroller-General of Customs, Adewale Adeniyi, NECA President Ifeanyi Okogwu (note: the name is slightly different in the original
Wema Bank Plc has officially launched a N150 billion rights issue, set to commence on April 14, 2025, as part of its strategic recapitalization efforts. This move aligns with the Central Bank of Nigeria’s (CBN) directive for increased capital buffers in the banking sector. The rights issue involves offering 14,286,785,417 ordinary shares at N10.45 each,
