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Issue 394
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ATI replaces sacked chief executive

The Africa Trade Insurance Agency (ATI) has announced an interim replacement for George Oduor Otieno, who is fighting his sacking as chief executive of Africa’s largest insurer. The ATI board decided in early May to sack Otieno, and his job was advertised before he had been...

Africa
Issue 394
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Lukoil buys New Age’s Marine XII stake

Russia’s Lukoil has bought New Age (African Global Energy)’s 25% stake in Eni’s Marine XII licence for $800m. New Age and Lukoil are partners in Cameroon, while Lukoil is also a partner with Eni in Kazakhstan, Mexico and elsewhere. The announcement follows a visit to Moscow...

Central Africa
Issue 394
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Cameroon: Refinery fire

A fire at the Sonara refinery in Limbe on the night of 31 May has put four units out of action but the energy minister has said the shortage will be covered by imports. The refinery declared force majeure after a tank exploded, causing a fire. “Flames consumed four of the 13...

Cameroon
Issue 394
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Burundi: Project development consultants sought

Songa Energy Burundi is seeking expressions of interest from consultants to carry out development studies for the 8MW Mule037 and 1.07MW Ruvyi102 hydropower projects, which are being co-developed with East African renewables developer Virunga Power. The studies will also...

Burundi
Issue 394
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Botswana: CBM schemes selected

The Sekaname and Lesedi coal bed methane (CBM) projects have both been selected as preferred bidders in a government tender for up to 100MW of CBM power following a long-drawn-out tender process that only involved the two projects. The process is not over, as the pair have...

Botswana
Issue 394
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EDM selling power to Botswana

Electricidade de Moçambique (EDM) has agreed to sell 70MW of power to Botswana under a five-month contract running from May to September. EDM director of system operations and markets Aderito de Sousa told a news conference in Maputo that Mozambique had previously exported...

Botswana
Issue 394
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Angola: Bid round offers ten blocks

Angola has announced a licensing round offering nine blocks in the Namibe Basin and Block 10 in the Benguela Basin. The National Agency of Petroleum, Gas and Biofuels (ANPG) will hold a series of roadshows in Houston, London and Dubai in September before the bidding process...

Angola
Issue 394
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Angola: Refinery contracts

Sonangol and Eni have announced a contract award to Italy’s KT-Kinetics Technology for two new refining process units to quadruple gasoline production at the Luanda refinery. KT is a subsidiary of Maire Tecnimont, which valued the contract, announced on 4 June at the Angola...

Angola
Issue 394
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Management of Algeria’s economy under populist/nationalist pressure

The announcement by interim President Abdelkader Bensalah that Algeria will not, after all, hold a presidential election on 4 July points to many more months of political unpredictability. Protests remain largely peaceful, but there is a growing prospect of turmoil as a...

Algeria

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