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Ethiopia

Ethiopia launches $2.5bn refinery to reduce fuel import dependency
Ethiopia has begun construction of its first crude oil refinery in Gode, a $2.5bn project awarded to GCL, aimed at strengthening the country’s energy security amid ongoing reliance on fuel imports.
Putin calls for new financing models for global nuclear energy
At World Atomic Week in Moscow, the Russian president advocated for a reform of civil nuclear funding mechanisms, urging stronger involvement from multilateral financial institutions.

Ethiopia commissions Africa’s largest hydroelectric dam

The Grand Ethiopian Renaissance Dam is now fully operational, with a planned capacity of 5,150 MW, marking a key step in the country’s energy deployment.
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Renaissance Dam could generate $1bn annual revenues for Ethiopia
The Grand Renaissance Dam, set to be inaugurated in September, aims to produce 5,000 megawatts and could generate up to $1 billion per year for Ethiopia, according to the government.
Electricity demand reaches 2,362 MW in Kenya as KenGen focuses on renewables
Kenya registers a historic record in electricity consumption, driven by industrial growth and a strong contribution from geothermal and hydropower plants operated by Kenya Electricity Generating Company PLC.

African Debt: Why Investors Must Anticipate Immediate Climate Impacts

African countries now spend more on debt service than on education and healthcare, limiting essential investments despite significant energy potential. The G20, under pressure, struggles to provide an adequate response to the financial and climate challenges.
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Ethiopia accelerates regional energy integration with Abbay Dam
Ethiopia is intensifying its role in East Africa's energy interconnection by focusing on hydropower and electricity exports to neighbouring countries.
Ethiopian Prime Minister visits TOYO solar site in Vietnam to support African expansion
The Ethiopian Prime Minister’s visit to TOYO’s factory in Vietnam signals a new phase in energy cooperation with the Japanese group, focusing on industrial expansion in Ethiopia.

Algeria strengthens its African strategy with an electricity project in Burkina Faso

The Algerian energy group Sonelgaz is offering its technical expertise to Burkina Faso to strengthen its electrical infrastructure, illustrating Algeria's strategic intention to consolidate its presence in sub-Saharan Africa’s energy markets.
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Jean-Christian Bergeron appointed as head of Rubis Énergie to accelerate growth
Rubis, an energy group based in Paris, appoints Jean-Christian Bergeron as the General Manager of Rubis Énergie. He will assume his role in January 2025 to lead growth strategy in global energy distribution markets.
The Grand Ethiopian Renaissance Dam: Essential Cooperation for Sustainable Management of the Nile
The Grand Ethiopian Renaissance Dam offers hope for Ethiopia's energy needs and challenges for Egypt and Sudan's water security. Collaborative management is crucial to prevent crises in the Nile Basin.

Saudi Arabia: Launch of a Carbon Credit Exchange to Support Decarbonization Efforts

Saudi Arabia, the world’s largest oil exporter, has inaugurated its first carbon credit exchange platform during COP29 in Baku, aiming to bolster its decarbonization efforts and diversify its economy.
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Africa could create up to 3.3 million green jobs by 2030, according to an FSD Africa report
The "Forecasting Green Jobs in Africa" report by FSD Africa and Shortlist reveals the potential to create millions of green jobs on the continent by 2030, focusing on key sectors like energy, agriculture, and sustainable mobility.
BRICS+ Members Strengthen Their Cooperation in Nuclear Energy
The BRICS+ Nuclear Energy Platform aims to share experiences and support the development of nuclear technologies among member countries, thereby enhancing collaboration in the energy sector.

Africa: Strategies and Challenges of Renewable Energy Policy

Africa is resolutely moving towards a renewable energy transition, combining economic growth with addressing the energy needs of 1.5 billion inhabitants. This evolution presents both strategic opportunities and complex challenges.
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TOYO Co., Ltd Announces Plans for a 2 GW Solar Cell Manufacturing Facility in Ethiopia
TOYO Co., Ltd plans to establish a 2 gigawatt solar cell manufacturing plant in Ethiopia, leveraging favorable investment policies and the country's hydropower supply.
Military tensions paralyze South Sudan’s oil exports
The blockage of South Sudan's oil exports, crucial to its economy, continues due to military tensions in Sudan, involving the Rapid Support Forces.

BRICS accelerate energy exchanges and de-dollarization

BRICS energy ministers focus on the future of global energy markets, highlighting the de-dollarization of trade, despite the challenges of currency fluctuations and the complexity of oil trade.
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Energy information systems: An asset for governments, says IEA
Energy information systems are a strategic lever for governments to monitor their energy transition and decarbonization objectives, but their implementation remains uneven.
Ethiopia exacerbates regional tensions with GERD
Ethiopia completed the filling of the Grand Barrage de la Renaissance (GERD) reservoir, increasing electricity production to 1,550 MW. This progress, achieved despite objections from Egypt and Sudan, aggravates geopolitical tensions over control of the Nile's water resources.
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