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Issue 401 - 10 October 2019

Resources companies start lobbying as Cemac currency rules bite

The decision to impose stricter rules regulating currency transfers and payments across the Central African Economic and Monetary Union (Cemac) countries – heavily promoted by the International Monetary Fund (IMF) and its key ally in the process, the regional Banque des Etats de...

Issue 401 - 10 October 2019

Africa

Issue 401 - 10 October 2019

Kenya pushes the boundaries of Africa’s energy transition

Kenya has long been one of the most open markets in sub-Saharan Africa, but private investors in the country’s power sector are not having an easy ride. Power tariffs are being pushed downwards, with the most recent solar power purchase agreements (PPAs), signed earlier this...

Issue 401 - 10 October 2019

Kenya

Issue 401 - 10 October 2019

Community engagement means asking the people’s view

Project developers and financiers spend inordinate amounts of time and money assessing risks and their mitigation. But when traditional credit and political risk calculations are being made, they still too often overlook the populations whose land they are building on, even if...

Issue 401 - 10 October 2019

Africa

Issue 401 - 10 October 2019

Zimbabwe: Power tariffs rise again

The government has approved a domestic electricity price rise of more than 200% from 3 October, raising tariffs to about US$0.12/kWh from approximately US$0.02/kWh. Following the rise, the second since August, domestic users will pay Z$0.41 for the first 50kWh and Z$0.91 for 51-...

Issue 401 - 10 October 2019

Zimbabwe

Issue 401 - 10 October 2019

Benin: AfDB funding for rural power

The African Development Bank board approved a loan of €61.77m ($70m) to the government of Benin on 26 September to finance a rural electrification project targeting 309 communities. The three-year project aims to benefit 1m people and increase the rate of access to electricity...

Issue 401 - 10 October 2019

Benin

Issue 401 - 10 October 2019

Equatorial Guinea: Supercar sale fetches $27m

A sale took place in Switzerland on 29 September of 25 supercars seized by Swiss authorities from vice-president Teodoro Nguema Obiang Mangue, known as Teodorín, the son of the president. The cars were auctioned with no reserve on behalf of the State of Geneva by auction...

Issue 401 - 10 October 2019

Equatorial Guinea

Issue 400 - 26 September 2019

Chad seeks to stabilise finances as IOCs look for buyers

Chad’s upstream sector is experiencing renewed interest thanks to asset sales, an upturn in crude output which the government says rose to 126,000 b/d in H1 2019, and an agreement with the International Monetary Fund (IMF) that has helped to stabilise the oil-dependent economy...

Issue 400 - 26 September 2019

Chad

Consultancy