Fitch downgrade on Dangote: Alarm bells for Africa’s Industrial Quests

There is no question that the establishment of the Dangote Refinery, a $19 billion project, represents a significant stride towards Africa’s self-sufficiency in refined petroleum products and its ability to export to other African nations. This transformative initiative has the potential to reduce the continent’s reliance on imports, create jobs, and drive industrialization, ultimately contributing…

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African countries collaborate in ground-breaking BESS consortium.

Several African nations have officially indicated their interest in participating in the innovative Battery Energy Storage Systems (BESS) Consortium, which was launched during COP28. This collaboration has the potential to revolutionize the energy landscape in Africa by fostering advanced energy storage solutions through cooperation and ingenuity. By becoming part of the BESS Consortium, which is…

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Sasol to announce green hydrogen deals with local miners soon – Reuters

South African petrochemical major Sasol SOLJ.J will announce partnerships over the next few weeks with local mining companies to supply green hydrogen for their mining operations, a senior company executive said on Wednesday. A major part of the South African government’s aim to cut climate-warming gas emissions is tied to the private sector’s use of green hydrogen…

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