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Issue 382 - 06 December 2018

Togo: Africa Finance Corporation’s 20th member

Togo has joined the Lagos-based Africa Finance Corporation (AFC) as the development financier’s 20th member. In August 2018, the government launched a national development plan which seeks to attract $5.4bn in private sector investment, with infrastructure as a priority....

Issue 382 - 06 December 2018

Togo

Issue 382 - 06 December 2018

Algeria: Desalination contract breaks down as state exercises control

One of Algeria’s few privately financed infrastructure projects has formally broken down after years of problems, with state energy giant Sonatrach and water company L’Algérienne des Eaux telling a group led by Malaysia’s Malakoff Corporation they are terminating their water...

Issue 382 - 06 December 2018

Algeria

Issue 382 - 06 December 2018

Algeria: Investment at home and abroad

Sonatrach and Turkey’s Ronesans Holding have announced they are to invest $1.2bn-$1.3bn to build a polypropylene plant in Ceyhan industrial zone in southern Turkey. Ronesans chairman Erman Ilicak said the plant would produce 450,000 t/yr of polypropylene, with propane gas to be...

Issue 382 - 06 December 2018

Algeria

Issue 380 - 08 November 2018

Mozambique’s vision of LNG-fuelled prosperity faces challenges

There are grounds for optimism that Mozambique’s planned $30bn liquefied natural gas (LNG) export project could provide a foundation for the ailing economy’s resurgence. Mozambique’s exports could plug a mid-2020s global LNG supply gap, and Portuguese gas distributor Galp’s vice...

Issue 380 - 08 November 2018

Mozambique

Issue 380 - 08 November 2018

Ethiopia turns to PPPs for ambitious power expansion

Ethiopia’s plans to attract more foreign capital into its power industry took a step forward in late October as the government announced 14 projects that it wants to build and run as public-private partnerships (PPPs). The plan to attract private finance for the planned...

Issue 380 - 08 November 2018

Ethiopia

Issue 380 - 08 November 2018

Simandou contract lapse underlines Guinea government’s problems

Amid a deteriorating political situation, President Alpha Condé’s government has been counting on a $20bn Chinese infrastructure investment-for-minerals package, linked to Simandou and other projects, to herald a better future ahead of elections in 2020. But Rio Tinto’s late...

Issue 380 - 08 November 2018

Guinea

Issue 380 - 08 November 2018

Sudan: Lundin could face fine

Lundin Petroleum said on 1 November that it had been notified by the Swedish Prosecution Authority that the company could face fines in connection with the preliminary investigation into its operations in Sudan. The Swedish government in October authorised the country’s...

Issue 380 - 08 November 2018

Sudan

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