AfrElec - Africa Power Monitor

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.

West Africa’s ECOWAS energy ministers adopt common rules for battery storage

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.

Egyptian Elsewedy Electric targets $7bn in 2026 sales amid global expansion

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.

Scatec signs three agreements for $650mn Egypt's Dandara solar project

Uganda's electricity regulator expects power cuts to ease within six months

Uganda's electricity regulator expects fewer power cuts within six months as UEDCL tackles ageing infrastructure, procurement delays and slow upgrades.