Dominic Dudley

3 days ago | africa-energy.com | Dominic Dudley

Issue 529 - 26 Jun 2025 - By Dominic Dudley | 1 minute read Four power purchase agreements (PPAs) between private generators and consumers have been approved, under rules developed by the Egyptian Electric Utility and Consumer Protection Regulatory Agency (Egypt ERA).

3 days ago | semafor.com | Dominic Dudley

Foreign direct investment to the UAE increased by 49% last year, bucking global and regional trends. FDI reached $45.6 billion in 2024, according to the World Investment Report from the United Nations Conference on Trade and Development (UNCTAD). In contrast, global FDI fell 11% and most other Gulf countries, including Saudi Arabia, also saw declines. The UAE attracted 1,359 investments in greenfield projects, placing it second only to the US on that metric.

5 days ago | africa-energy.com | Dominic Dudley

Issue 529 - 24 Jun 2025 - By Dominic Dudley | 2 minute read London AIM-listed Afentra and Paris-based Maurel & Prom have together bought a 10% stake in Block 3/05 and a 13.3% interest in Block 3/05A from the local Etu Energias, in a deal worth up to $68m. Afentra has also moved a step closer to becoming operator of the KON4 onshore block.

2 weeks ago | semafor.com | Dominic Dudley

Kuwait’s Ministry of Defence agreed to buy eight patrol ships from Abu Dhabi-based defense contractor EDGE, in a deal valued at 9 billion dirhams ($2.45 billion). The Falaj-3 class gunships, already in service with the UAE Navy, mark their first international order, a significant milestone for the government-owned EDGE, which is pushing to grow exports.

2 weeks ago | semafor.com | Dominic Dudley

Gulf countries are expanding their footprint in Africa — moving beyond traditional sectors like mining, logistics, and agriculture — as they seek to deepen their commercial and diplomatic ties to the continent. The UAE is backing a new economic zone and digital incubator in Ghana, while Qatari businesses have been in talks over possible investments in construction and infrastructure projects in Tanzania.