Featured
Issue 403 -
Ghana renegotiates with IPPs
Ghana has one of the higher prices for electricity in the region, with tariffs ranging from $0.05-0.14/kWh for residential consumers and $0.12-0.21/kWh for non-residential consumers. The last substantial tariff increase in 2016 resulted in significant grid migration and the...
Issue 403 -
Ghana
Issue 403 -
Ghana terminates PDS concession but still hopes for private participation
The United States’ Millennium Challenge Corporation (MCC) on 23 October withdrew $190m of grant funding to Ghana, the same day the government formally began the process of cancelling a concession agreement between the state-owned Electricity Company of Ghana (ECG) and Power...
Issue 403 -
Ghana
Issue 403 -
AfDB capital doubled in big win for Adesina
African Development Bank (AfDB) shareholders on 31 October approved a $115bn capital increase – from $93bn to $208bn – more than doubling its capital base. The AfDB said its largest ever General Capital Increase (GCI) signalled “a united front by shareholders”. Analysts...
Issue 403 -
Africa
Issue 403 -
Eni commits to stay out of heritage sites
Eni announced on 24 October that it had formally committed not to perform oil and gas exploration and development activities within the boundaries of natural sites included in the United Nations Educational, Scientific and Cultural Organization World Heritage List. The threat of...
Issue 403 -
Africa
Issue 403 -
Afreximbank postpones IPO
The African Export-Import Bank announced on 29 October that it was postponing a planned London share listing due to market conditions. The bank only announced plans for the initial public offering on 9 October, and said on 16 October it planned to issue an initial $250m of...
Issue 403 -
Africa
Issue 402 -
Ketraco to introduce wheeling tariffs
Kenya Electricity Transmission Company (Ketraco) is set to introduce wheeling tariffs next year on electricity transported through part of its network, mainly via interconnections with neighbouring countries. “Ketraco will soon start earning money through wheeling charges,...
Issue 402 -
Kenya
Issue 402 -
Nigeria: Seplat buys Eland for £382m
Nigerian independent Seplat Petroleum announced on 15 October that it had agreed to buy AIM-listed Eland Oil & Gas for £382m ($478m). The 166p/share price represents a premium of approximately 28.5% to the Eland closing price of 129.2p on 14 October. The offer has been...
Issue 402 -
Nigeria
Consultancy
Events
13 November 2019 to 14 November 2019
Africa Investment Exchange: Power & Renewables
RSA House, London
Central Africa, East Africa, North Africa, Southern Africa, West Africa
1
17 November 2019 to 18 November 2019
Solar asset management MENA
Renaissance Downtown Hotel, Dubai
North Africa
0
