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Issue 407 -
CFA franc to be replaced by eco, but initial change is largely symbolic
The move by the eight-member Union Economique et Monétaire Ouest Africaine (Uemoa) to end its 55-year-old currency union based on the French-guaranteed CFA franc will have a range of consequences for businesses and political relations. The new eco currency, whose creation was...
Issue 407 -
West Africa
Issue 407 -
Ghana’s Genser Energy raises $366m for off-grid power supply
Genser Energy Ghana Ltd announced in December that it had reached financial close on a $366m financing agreement that will fund the expansion of its business in Ghana. The transaction funds the expansion of existing plants and the company’s gas pipeline network, as well as...
Issue 407 -
Ghana
Issue 407 -
South Africa: Eskom chairman resigns amid broken promises
Eskom lost another senior figure on 10 January as chairman Jabu Mabuza resigned, ostensibly because Eskom failed to live up to a promise made by President Cyril Ramaphosa on 11 December that there would be no load-shedding between 17 December and at least 13 January. The...
Issue 407 -
South Africa
Issue 407 -
South Africa publishes draft petroleum bill
South Africa’s draft Upstream Petroleum Resources Development Bill was published for public comment on 24 December. The draft immediately attracted criticism for its generous provision of a 20% carried interest for the state in upstream projects, plus a minimum 10% black-...
Issue 407 -
South Africa
Issue 407 -
Nigeria: FID for NLNG Train 7
Eni and its partners in Nigeria LNG announced a final investment decision (FID) on 27 December for the long-mooted Train 7 expansion of the plant. The development will increase NLNG’s production capacity to more than 30m t/yr from the current 22.5m t/yr when it starts up in...
Issue 407 -
Nigeria
Issue 407 -
Angola: Government steps up action against dos Santos family
Angola has moved in recent weeks to take concrete legal action against the children of former president José Eduardo dos Santos over longstanding corruption allegations. José Filomeno dos Santos went on trial in December, accused of taking $500m out of the country in 2017...
Issue 407 -
Angola
Issue 407 -
Côte d’Ivoire in election mode
Ahead of Côte d’Ivoire’s October 2020 presidential election, the government is firmly focused on securing a win for President Alassane Dramane Ouattara’s Rassemblement des Houphouëtistes pour la Démocratie et la Paix (RHDP). For all the history-making import of the eco...
Issue 407 -
Côte d’Ivoire
Views - Free
Sahel region invites excitement and trepidation in equal measure
The growing number of energy sector professionals working in West Africa’s Sahel region can point to positive signs emerging from markets that must develop as quickly as possible to serve fast-growing and youthful populations seeking opportunities for a better future. The...
West Africa
External factors raise stakes in Libya’s proxy war
The meeting of the Libyan British Business Council in Tunis at which National Oil Corporation (NOC) chairman Mustafa Sanalla set out ambitious plans to increase crude production was also notable for an altercation with Central Bank of Libya governor Sadiq Al-Kebir. Speaking...
North Africa
Can T&D plus offgrid enter a new world of investment?
A few far-sighted public officials and private equity investors have been looking at transmission and distribution (T&D) as the next big thing for the African electricity supply industry for some time. Momentum is building behind this, underlined by the recent creation of...
Africa
Russia remains an economic minnow Putin has made into a big fish
The United States is no longer the global hyperpower, former colonial powers have lost their captive markets and China has emerged as an economic superpower in Africa but not yet a dominant global force. While geopolitical tectonic plates shift, African governments are being...
Africa
Events
29 April 2020 to 30 April 2020
AIX: Gas 2020
Part of the AIX: Spring Meetings in London, the sixth annual Africa Investment Exchange: Gas...
RSA House, London
Africa
1
AIX: Grid & Storage
Part of the AIX: Spring Meetings in London, the meeting will focus on key issues facing Africa’s...
RSA House, London
Africa
1
27 January 2020 to 28 January 2020
Middle East and North Africa Energy 2020
The shift in the global energy economy from a hydrocarbons-based industry to one that is...
Chatham house, London
North Africa
0
19 February 2020 to 21 February 2020
Congo’s International Oil & Conference and Exhibition (CIEHC)
The Ministry of Hydrocarbons of the Republic of Congo and AME Trade Ltd are delighted to announce...
Centre International de Conférence de Kintélé Brazzaville, Congo
Congo B
0
24 February 2020 to 26 February 2020
Powering Africa Summit
The 6th Powering Africa: Summit (PAS) will return to Miami in February 2020. The Summit will...
Miami
Africa
0
17 March 2020 to 18 March 2020
Securex West Africa
Securex is the leading exhibition brand for the industry right across the continent with events in...
Landmark centre, Lagos, Nigeria
Nigeria
0
31 March 2020 to 01 April 2020
The Power & Electricity World Africa
Built on 23 years of history, Power & Electricity World Africa is about innovation, investment...
Sandton Convention Centre, Johannesburg
South Africa
0