Issue 493 PDF: Simandou moves faster than Guinea’s political transition as megaproject takes shape


African Energy, Issue 493 cover
Issue 493 - 20 Oct 2023

The issue leads with Guinea, where further commitments to the Simandou megaproject have offered hope to Interim President Mamady Doumbouya that exports could eventually start from the long-stalled scheme, as his regime moves slowly on the promised transition back to democracy.

African Energy focuses on Rwanda, whose President Paul Kagame has perfected the art of making himself useful to allies, acting as a regional policeman while being a player in neighbouring conflicts. Kigali has drawn in a lot of finance despite criticism of governance abuses, while some question the extent of Rwanda’s ‘economic miracle’.

African Energy also takes a look at the busy insurance sector, where companies active in African energy and other markets appear cautiously optimistic, despite economic, political and security volatility in many countries. Some firms are expanding into new areas, such as transmission and C&I, buoyed by high demand.

Power coverage leads with Lesotho, which is making progress on renewable generation projects that officials say will allow the mountain kingdom to become self-sufficient and even eventually a net power exporter.

African Energy examines the latest moves in Egypt's green energy transition with the European Bank for Reconstruction and Development backing a $2bn transmission upgrade and Maersk choosing it for its first C2X green methanol venture.

Upstream oil and gas coverage leads with a focus on the African ambitions of Abu Dhabi National Oil Corporation (Adnoc), amid reports that it is looking to acquire a stake in the Rovuma Liquified Natural Gas (RLNG) in Mozambique.

The African Energy View focuses on major economic trends outlined by the IMF/World Bank Group's latest World Economic Outlook and Regional Economic Outlook reports.

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