South Africa’s power utility to delay coal plants closures​

by | May 24, 2024 | Business

​South Africa experienced one of its worst electricity crisis last year with daily power cuts of up to almost 10 hours.
It strangled Africa’s most developed economy.
This put the spotlight on the government’s energy transition strategy. South Africa experienced one of its worst electricity crisis last year with daily power cuts of up to almost 10 hours.
It strangled Africa’s most developed economy.
This put the spotlight on the government’s energy transition strategy.  

South Africa’s public power utility Eskom will delay the closure of some coal-fired power plants.

Local media outlet Engineering News reported Monday (May. 20) that the Eskom board gave its approval for the continued operation of the Camden, krootflei and Hendrina power stations to 2030.

The power stations were initially scheduled to be retired between 2023 and 2027.

South Africa experienced one of its worst electricity crisis last year with daily power cuts of up to almost 10 hours.

It strangled Africa’s most developed economy.

READ ALSO: South Africa’s looming energy crisis could plunge economy into darkness

This put the spotlight on the government’s energy transition strategy.

When developing countries are asked to prioritize green projects out of environmental concerns, various deals are proposed. The Just Energy Transition Partnership (JetP) financing model has raised questions. It is a controversial deal that that was proposed to South Africa.

The Komati power plant in the northeastern province of Mpumalanga, was completely retired in a much-criticized move in October 2022. It is to be repurposed as a wind and solar power plant.

 

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Dangote officials, refiners tackle marketers over imported PMS

Dangote officials, refiners tackle marketers over imported PMS

by | Sep 20, 2024 |

Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria. Oil refiners alleged that some imported fuels were of low quality when compared with the ones produced by the Dangote refinery, a position

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Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria. Oil refiners alleged that some imported fuels were of low quality when compared with the ones produced by the Dangote refinery, a position

Read More Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria. Oil refiners alleged that some imported fuels were of low quality when compared with the ones produced by the Dangote refinery, a position
Read More  Punch Newspapers – Business

Domestic crude oil refiners and officials at the Dangote Petroleum Refinery have kicked against the commencement of the importation of Premium Motor Spirit, popularly called petrol, by major oil marketers in Nigeria. Oil refiners alleged that some imported fuels were of low quality when compared with the ones produced by the Dangote refinery, a position
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Nigerian economy to hit $400bn by 2026 – Rewane

Nigerian economy to hit $400bn by 2026 – Rewane

by | Sep 20, 2024 |

The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 per cent by 2026, pushing the country’s gross domestic product to approximately $400bn. He disclosed this at the Access Bank Customer Forum held in Lagos on Thursday.  “The Nigerian economy will

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The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 per cent by 2026, pushing the country’s gross domestic product to approximately $400bn. He disclosed this at the Access Bank Customer Forum held in Lagos on Thursday.  “The Nigerian economy will

Read More The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 per cent by 2026, pushing the country’s gross domestic product to approximately $400bn. He disclosed this at the Access Bank Customer Forum held in Lagos on Thursday.  “The Nigerian economy will
Read More  Punch Newspapers – Business

The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 per cent by 2026, pushing the country’s gross domestic product to approximately $400bn. He disclosed this at the Access Bank Customer Forum held in Lagos on Thursday.  “The Nigerian economy will
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Africa Creatives Alliance launched to boost economy

Africa Creatives Alliance launched to boost economy

by | Sep 20, 2024 |

The Africa Creatives Alliance has been launched to boost the creative economy in the African continent. The ACA launched recently in alignment with the African Union’s Agenda 2063, ‘The Africa We Want’, is poised to become a key catalyst for transforming Africa into a global powerhouse by harnessing the immense potential of the continent’s cultural

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The Africa Creatives Alliance has been launched to boost the creative economy in the African continent. The ACA launched recently in alignment with the African Union’s Agenda 2063, ‘The Africa We Want’, is poised to become a key catalyst for transforming Africa into a global powerhouse by harnessing the immense potential of the continent’s cultural

Read More The Africa Creatives Alliance has been launched to boost the creative economy in the African continent. The ACA launched recently in alignment with the African Union’s Agenda 2063, ‘The Africa We Want’, is poised to become a key catalyst for transforming Africa into a global powerhouse by harnessing the immense potential of the continent’s cultural
Read More  Punch Newspapers – Business

The Africa Creatives Alliance has been launched to boost the creative economy in the African continent. The ACA launched recently in alignment with the African Union’s Agenda 2063, ‘The Africa We Want’, is poised to become a key catalyst for transforming Africa into a global powerhouse by harnessing the immense potential of the continent’s cultural
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Solid mineral industry growth fuels transparency calls

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by | Sep 20, 2024 |

Despite the mining sector’s growing contribution to the country’s economy, stakeholders are calling for greater transparency in the Solid Minerals Development Ministry’s emphasis on value addition. They are demanding a policy framework that promotes a comprehensive value chain in the sector, DAMILOLA AINA writes The policy direction of the Solid Minerals Development Ministry to entrench

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Despite the mining sector’s growing contribution to the country’s economy, stakeholders are calling for greater transparency in the Solid Minerals Development Ministry’s emphasis on value addition. They are demanding a policy framework that promotes a comprehensive value chain in the sector, DAMILOLA AINA writes The policy direction of the Solid Minerals Development Ministry to entrench

Read More Despite the mining sector’s growing contribution to the country’s economy, stakeholders are calling for greater transparency in the Solid Minerals Development Ministry’s emphasis on value addition. They are demanding a policy framework that promotes a comprehensive value chain in the sector, DAMILOLA AINA writes The policy direction of the Solid Minerals Development Ministry to entrench
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Despite the mining sector’s growing contribution to the country’s economy, stakeholders are calling for greater transparency in the Solid Minerals Development Ministry’s emphasis on value addition. They are demanding a policy framework that promotes a comprehensive value chain in the sector, DAMILOLA AINA writes The policy direction of the Solid Minerals Development Ministry to entrench
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FIRS engages industry leaders in tax reforms

FIRS engages industry leaders in tax reforms

by | Sep 20, 2024 |

The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Wednesday addressed Nigeria’s recent tax reforms, as industry leaders deliberated progress and drawbacks. Adedeji, represented by the Acting Director of the Medium Taxpayers Department, South, Oti Olaniyi, described the restructuring of FIRS as a customer-centric shift designed to improve efficiency and responsiveness. The

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The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Wednesday addressed Nigeria’s recent tax reforms, as industry leaders deliberated progress and drawbacks. Adedeji, represented by the Acting Director of the Medium Taxpayers Department, South, Oti Olaniyi, described the restructuring of FIRS as a customer-centric shift designed to improve efficiency and responsiveness. The

Read More The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Wednesday addressed Nigeria’s recent tax reforms, as industry leaders deliberated progress and drawbacks. Adedeji, represented by the Acting Director of the Medium Taxpayers Department, South, Oti Olaniyi, described the restructuring of FIRS as a customer-centric shift designed to improve efficiency and responsiveness. The
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The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, on Wednesday addressed Nigeria’s recent tax reforms, as industry leaders deliberated progress and drawbacks. Adedeji, represented by the Acting Director of the Medium Taxpayers Department, South, Oti Olaniyi, described the restructuring of FIRS as a customer-centric shift designed to improve efficiency and responsiveness. The
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