The Nigerian Electricity Regulatory Commission (NERC) has raised the proportion of revenues that electricity Distribution Companies (DisCos) must channel into infrastructure upgrades. The move aims to accelerate network rehabilitation and improve electricity supply across the country. The directive is contained in a revised Order on the utilisation of earned Non-Administrative Operating Expenditure (Non-Admin OpEx), issued …
A UAE-based energy firm, ePointZero, has announced its decision to acquire a 90 per cent stake in Azura Power Holdings, a major African independent power producer, marking a significant entry into the continent's power generation market. ePointZero is a global energy infrastructure platform and subsidiary of the 2PointZero Group. The company made this known in …
The European Union has pledged €15.5 billion to accelerate Africa’s clean energy transition. The funding aims to expand electricity access and support sustainable economic growth across the continent. European Commission President Ursula von der Leyen announced the pledge on behalf of Team Europe. It includes over €10 billion in EU-led funding, along with significant contributions …
