Algeria's Energy Future was launched at a half-day round-table seminar at Chatham House, London, on Wednesday 6 April.
The report was presented at the seminar by its lead authors, Jon Marks and John Hamilton, and critically assessed by Algerian and international experts. Read more
The African Energy Atlas has established itself as an indispensable resource for energy industry professionals.
The 2011 edition features more than 45 maps and charts drawn with expert care by journalist cartographer David Burles. Read more
Briefings and Reports 2
AfricaHardball is an executive dialogue that brings together policy-makers, industry leaders and analysts to discuss the key political issues affecting African markets in frank and open terms.
The next AfricaHardball roundtable will be held on 1 December in London, focusing on North Africa Read more
Briefings and Reports 3
A detailed and frank analysis of Libya’s energy sector
Published in July 2010, Libya's Energy Future provides authoritative, independently sourced analysis of Libya’s energy sector policy and history, examines the country’s governance and financial record and assesses the potential for international partners to do business with its institutions and interest groups.
Philippe Edmonds’ latest venture, BioEnergy Africa Ltd, floated on London’s Alternative Investment Market on 1 September. The company, formed to develop the production of ethanol from sugar cane projects in southern Africa, raised £8.6m ($15.3m) through a placing of new shares, giving it a market capitalisation of some £41.5m. The funds raised will be used to develop Edmonds’ 30,000ha Massingir Fuel Ethanol Project in Mozambique’s southern Gaza province, and to pursue other opportunities. Nominated adviser for the listing was Seymour Pierce Ltd, broker was Haywood Securities (UK) Ltd and the reporting accountant was Baker Tilly Corporate Finance LLP.
In August, Edmonds bought 94% of the ProCana company, which had launched the project. Former England cricketer Edmonds – better known for his mining interests in Democratic Republic of Congo and oil and gas exploration in Kenya and Ethiopia and, more controversially, in the Government of Southern Sudan area – is chairman, with his long-standing business associate Andrew Groves as non-executive director and South African born ProCana founder Corne Holtzhausen as development director, based in Mozambique.
BioEnergy Africa’s AIM admission document – a copy of which is lodged in the Reference Library at www.africa-energy.com – shows that Edmonds and Groves’ Central African Mining & Exploration Company Plc (Camec) has been providing significant financial and administrative support, including $4.1m debt up to August; Camec has now committed to providing a total $22m credit to the deal. Camec remains BioEnergy Africa’s biggest shareholder, holding 37.4% before the IPO and 29.6% afterwards, according to the listing document. The shareholders say they are committed to upgrading corporate governance: “The company is currently in the process of recruiting a chief executive officer and is seeking appropriate candidates,” the document says: “The finance function is currently provided by Camec (pursuant to the terms of an administrative and support services agreement). The board will be strengthened, including the appointment of a finance director, in step with the company’s development.”
The Massingir project is targeting an initial production of 600,000 ltrs/d of ethanol rising to 1.2m ltrs/d at full production (AE 144/3). The company is in talks with Brazil’s Dedini to supply a turnkey ethanol plant. At the moment, there is no power supply to the project area, but Electricidade de Moçambique is building a new 33kV power line to Massingir which should be completed by end-2008. Ethanol will be transported to Maputo, initially by road to Chokwe then by rail, though ProCana is considering building a 30-40km rail spur to the estate. A bulk liquid terminal is being constructed in Maputo, which ProCana expects to use for exporting.
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