Savannah raises $65m to help fund Doba/pipeline acquisition

Issue 453 - 05 Jan 2022 | 1 minute read

London AIM-listed Savannah Energy raised $65m on 30 December through a share placing with institutional and other investors. Buyers included five of the company’s six directors, led by chief executive Andrew Knott, who subscribed to £2.2m ($3m)-worth of shares. The proceeds will be used alongside debt and other financing to fund the acquisition of upstream and midstream assets in Chad and Cameroon from ExxonMobil Corporation and Petronas E&P, announced earlier in the month.

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Transmission and interconnections – towards a Continental System Master Plan

Africa Investment Exchange (AIX) power transmission event

6 December 2022, online

This online roundtable will evaluate progress towards a Continental System Master Plan for transmission infrastructure and cross-border interconnections and consider the impact which this plan will have on African electricity supply industries.

The roundtable is part of the monthly AIX membership programme and will be chaired by African Energy's John Hamilton with contributions from guests.

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