Issue 492 PDF: Ghana grapples with debt overhang, clinging to signs of stabilising economy


African Energy Issue 492 cover
Issue 492 - 06 Oct 2023

The issue leads with a focus on Ghana, where there are tentative signs that the economy may be turning a corner as politicians limber up for an election year.

Through a series of articles, African Energy examines the path of the country's economy, the roots of the country's debt crisis, the progress of debt restructuring deals – including those with independent power producers (IPPs) – and the state of the upstream oil and gas sector.

A feature article looks at Uganda where donors are seeking a solution over President Yoweri Museveni’s anti-gay law and climate campaigners are putting pressure on funders, insurers and service companies to steer clear of the East African Crude Oil Pipeline (Eacop).

Power coverage leads with a focus on the installation of the first reactor core at Egypt's Dabaa nuclear power plant, a milestone in Cairo’s political and financial alliance with Moscow that could have a more meaningful and longer impact than Egypt’s recently-agreed membership of an enlarged Brics alliance.

Oil and gas coverage includes a look at South Sudan, where concerns about governance have been reinforced following government statements about the future of South Sudanese assets held by Malaysia's Petronas.

African Energy also examines signs of renewed optimism and momentum surrounding the TotalEnergies and ExxonMobil-led LNG projects and looks at BP's latest announcements regarding its Greater Tortue Ahmeyim development offshore Mauritania and Senegal.

Transition minerals coverage leads with Zimbabwe, where exports of lithium have begun from a number of recently-developed processing plants – many operated by Chinese companies.

The African Energy View reflects on Kenyan President William Samoei Ruto's first year in office and the challenges ahead.

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