Energy & Power

Investment | Eni to invest EUR 20 bilion in Africa over next four years, CEO says

Posted on by The Editorial Team
Investment | Eni to invest EUR 20 bilion in Africa over next four years, CEO says

Lagos, Nigeria, Capital Markets in Africa — Italy’s Eni plans to invest about 20 billion euros ($22.5 billion) in Africa over the next fours, mostly in oil and gas, the company’s Chief Executive Officer Claudio Descalzi said on Friday. “That represents about 60 percent of our investments” (over that period) he said in a presentation at the International Energy Agency in Paris. Descalzi said Eni, which is involved in projects in 15 African countries, will…

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AfDB unveils a blueprint to get rid of Africa’s energy poverty by 2025

Posted on by The Editorial Team
AfDB unveils a blueprint to get rid of Africa’s energy poverty by 2025

Abidjan, Cote d’Ivoire, Capital Markets in Africa — The African Development Bank Group (AfDB) unveiled its landmark initiative to solve Africa’s huge energy deficit by 2025 at a High Level Stakeholder Consultative Meeting attended by business and political leaders at its headquarters in Abidjan on 17 September 2015. The “New Deal for Energy in Africa,” which charts the way for a transformative partnership on energy focuses on mobilizing support and funding for the initiative from…

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