Africa

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Climate Investment Funds Approve $2.6 Billion Coal-Exit Plan for South Africa
Jun 13, 2025

A World Bank-linked climate fund has backed South African plans to cut its reliance on coal, unlocking up to $2.6 billion in financing and giving the nation’s energy transition an unexpected boost.

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Egypt Makes LNG Supply Deals With Aramco, Trafigura and Shell
Jun 12, 2025

Egypt agreed to buy liquefied natural gas over 2 1/2 years from suppliers including Saudi Aramco, Trafigura Group and Vitol Group, putting the country on course to be a long-term importer as local production slows.

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