Brice Morlot moves from CFO to head of operations, replacing Lin Espey. Thomas Young shifts from strategy to CFO as company targets 90,000 bpd by 2028. Africa portfolio key, with strong output in Gabon and gas project in Namibia. BW Energy announced on September 17 a reshuffle of its executive team. Former CFO Brice Morlot will now oversee operations, while Thomas Young, previously in...

EBRD, EU, GCF, and Canada plan €65 mln ($77 mln) green loan for Crédit du Maroc. Funds to support clean energy, water treatment, and sustainable SME projects. Package includes technical support, EU grants, and training in green finance. The European Bank for Reconstruction and Development (EBRD), in partnership with the European Union, the Green Climate Fund (GCF), and the...

Dakar launches third 2025 regional bond, seeking CFA300 bln ($542 mln). Total borrowings on WAEMU market now exceed CFA2,700 bln this year. Move comes as debt revised to 118.8% of GDP and rating cut to B-. Senegal plans to raise CFA300 billion ($542 million) on the West African regional financial market (WAEMU), sources close to the deal said on September 17. The syndicated bond issue is...

Government secures $1.1 bln to expand electricity under “Chad Connexion 2030.” Plan targets 866 MW of new capacity, including 520 MW of solar power. Only 6% of the population currently has access, with just 1–2% in rural areas. Chad’s Ministry of Finance, Budget, Economy, and Planning announced this week that $1.1 billion has been mobilized to accelerate electrification...

Abuja steps up training and support for young people through entrepreneurship. Youth Entrepreneurship Program (YEP) has already backed dozens of startups. Push aligns with federal strategy as Nigeria faces informal, low-paid youth jobs. Nigeria’s Federal Capital Territory (FCT) is ramping up efforts to train and empower young people through programs focused on entrepreneurship skills....

Central African Republic closes investor roundtable with $9 bln in pledges. 18 MoUs signed across transport, energy, agriculture, digital and tourism. PND 2024–2028 seeks $12.8 bln for 58 projects to modernize infrastructure. The Central African Republic (CAR) wrapped up its investor roundtable in Casablanca, Morocco, on September 15 with close to $9 billion in...

Uganda set to add more oil and gas storage capacity than Nigeria and Ghana by 2030. Projects linked to EACOP and Hoima refinery require major storage infrastructure. Storage seen as critical for Uganda’s oil output, projected at 230,000 bpd by 2026. Uganda is on track to become Africa’s top contributor to new oil and gas storage capacity by 2030, ahead of Nigeria and Ghana,...

Zimbabwe signed a $455 million, 15-year concession agreement with Jindal Africa to rehabilitate its 920 MW Hwange thermal power plant. The agreement aims to address a severe energy crisis caused by the collapse of Kariba hydroelectric production due to drought. Work on Hwange's six 1980s-era units will span four years, with Jindal Africa financing, rehabilitating, and operating...

Uganda plans to borrow $358 million from regional and international financial institutions. Funds will finance an electricity interconnection with South Sudan and a road link to the DRC. The loans aim to strengthen regional integration and expand access to clean water. Uganda intends to borrow $358 million from several regional and international financial institutions....

DP World plans a $29 million cold storage facility in Egypt with a 25,000-pallet capacity. The 16,000 m² facility will store refrigerated and frozen goods, addressing growing food logistics needs. Africa's cold storage capacity covers less than 30% of annual production, leading to significant post-harvest losses. The port and logistics group DP World announced the signing of...