Featured
Issue 412 -
Cameroon/Chad: Interconnection financing
President Paul Biya has signed two decrees enabling the minister of economy, planning and regional development to sign two financing agreements with the African Development Bank (AfDB) totalling CFA147.85bn ($24m) to finance the interconnection of power networks in Cameroon and...
Issue 412 -
Cameroon, Chad
Issue 412 -
Oil companies tighten belts again as crude price falls
African oil explorers are rapidly revising budgets to take account of the latest market developments. Global oil demand is forecast to fall by 6m b/d in April as countries shut down in an attempt to control the spread of the Covid-19 pandemic. At the same time, the collapse of...
Issue 412 -
Africa
Issue 412 -
Nigeria: Economy wilts under oil price, coronavirus
Recession and a potential public health crisis will test Nigeria’s social cohesion and fragile health system as the oil-dependent economy struggles with falling demand and sharply lower crude prices. Net oil revenue is expected to slump to $11bn this year from $45bn in 2019,...
Issue 412 -
Africa
Issue 412 -
Producers’ fund seeks to turbocharge
The African Petroleum Producers Organisation (APPO) is looking to reinvigorate its Cotonou-based APPO Fund, which has been renamed the Africa Energy Investment Corporation (AEICorp). Managing director Zakaria Dosso told African Energy AEICorp was looking to raise hundreds of...
Issue 412 -
Africa
Issue 409 -
South Africa/Namibia: Impact raises $40m for wells
Impact Oil & Gas Limited has secured $40m via an open offer at 20p/share. The proceeds will be used to fund Impact’s share of costs for Total’s Venus-1 well offshore Namibia later in H1, and black economic empowerment company Arostyle Investments’ share of costs for the...
Issue 409 -
Namibia, South Africa
Issue 409 -
Nigeria: USTDA grant for 1.35GW gas power plant
The US Trade and Development Agency on 10 February approved a $1.1m grant to the Nigerian National Petroleum Corporation Gas and Power Investment Company to support development of a 1,350MW combined-cycle gas power plant in Abuja. The grant will fund technical, economic and...
Issue 409 -
Nigeria
Consultancy
