energy

Imagine waking up a sleeping giant. That's the task that lies at the heart of transforming Africa's energy potential. Rich in resources yet starved of investments, Africa has remained on the sidelines of global energy discussions for far too long. You might wonder how a continent brimming with untapped reserves finds itself in such a predicament. Chronic underfunding over the decades has stymied progress, shackling a land that could fuel not only its own growth but…

Protecting Trade from Regional Conflicts In today's world, large-scale wars reminiscent of the 20th century are relics of the past. However, the persistence of regional conflicts poses its own brand of challenges. As one navigates through these murky waters, it is crucial to ask: are we truly prepared for the complexities these smaller-scale skirmishes unveil? Conflicts in vital corridors of global commerce, especially near bustling shipping lanes, spell huge disruptions. These aren't just…

Imagine being a country with a burgeoning energy sector, only to face a sudden, jolting halt. This has been Egypt's narrative recently, as it navigates a precarious path in securing energy stability. The latest word from reliable corridors is that Egypt is deeply engaged in negotiations with Germany to lease a state-of-the-art liquefied natural gas (LNG) unit. Why now? They forecast a potential surge in demand in the upcoming months. Anticipating needs before they become exigencies is crucial, isn't it?…

Imagine a world where businesses never sleep. The bustling streets of Accra are alive at midnight, factories hum with the rhythm of machinery well past dusk, and digital startups thrive in the quiet hours when most are asleep. This vision could soon become a reality in Ghana, as highlighted by Simon Madjie, the Acting Chief Executive of the Ghana Investment Promotion Centre (GIPC). Madjie, brimming with enthusiasm, spoke about the flagship policy that aims to revolutionize the Ghanaian economy. Dubbed the…

Ethiopia: A Beacon of Renewable Energy in Africa Ethiopia stands at the forefront of Africa's transition into renewable energy. What's truly remarkable is its reliance on eco-friendly energy sources, predominantly hydroelectric power. Have you ever paused to consider how a nation achieves such an environmental feat? This was effectively highlighted by Fitsum Assefa Adela. She articulated that Ethiopia harnesses almost 100% of its electricity from renewable sources through a distinct…

Mogadishu (AX) — In a world where energy drives economies and fuels innovation, two nations have set the stage for a significant journey of collaboration. On a brisk morning in Baku, Azerbaijan’s skyline shimmering in the early light, an agreement was signed that could transform the energy landscape of a nation. Azerbaijan and Somalia have embarked on an ambitious path to strengthen their energy ties by endorsing a Memorandum of Understanding (MoU) centered on the development of oil, gas, and, significantly, renewable…

Somalia and Azerbaijan Forge a Path Toward Energy Collaboration BAKU - In a move likely to reverberate through the corridors of global energy markets, Azerbaijan and Somalia have inked a Memorandum of Understanding (MoU) poised to usher in a new era of cooperation in the oil and gas sector. This announcement, delivered with enthusiasm by Azerbaijan’s Energy Minister, Parviz Shahbazov, lays the groundwork for a promising partnership between two distinct yet mutually enterprising nations. The finer details…

In a significant move, the three Baltic states—Estonia, Latvia, and Lithuania—have successfully severed their electricity systems from Russia's power grid. This landmark decision, communicated by regional operators, is part of a broader strategy aimed at enhancing their integration with the European Union and bolstering regional security. With the disconnection from the IPS/UPS joint network complete, these nations are poised to synchronize with the EU's electricity grid by midday tomorrow, pending final confirmation from…

Mogadishu (AX) – In a move set to shape the future fabric of Somali society, the Somali Council of Ministers recently ratified two pivotal cooperation agreements with Azerbaijan, focusing on education and energy. During Thursday’s meeting in the heart of Mogadishu, Deputy Prime Minister Salah Ahmed Jama, who presided over the proceedings with a thoughtful gaze, underscored the profound significance of these accords. "These agreements will enhance education and energy collaboration, laying the groundwork for long-term…

The Liberian Electricity Corporation (LEC) has recently announced a substantial reduction in electricity supply across the nation. This situation arises from a decision by its Ivorian energy supplier, Compagnie Ivoirienne d'Électricité (CIE), to slash its energy provision to Liberia by a staggering "85 percent." Under a power purchase agreement, CIE has historically supplied a vital share of Liberia's electricity demands, making this cut particularly consequential. According to the Liberian authorities, this latest…