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Finance minister Calle Schlettwein is caught between debt concerns and political pressures as he argues the case against developing the Kudu gas field in a debate that has pitted the ruling Swapo party’s patronage networks against financial prudence.Following mines and energy minister Obeth Kandjoze’s decision in June to cancel the Xaris standby power plant as a result of a doubling in the price tag, President Hage Geingob tasked Schlettwein to find a solution to a projected 250MW shortfall in electricity supply in 2016.

Namibia
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President Paul Biya on 15 June ceremonially launched construction of the 200MW Memve’ele dam on the Ntem River.

Cameroon
Issue 308 - 25 September 2015

Egypt: New round of arrears paid

Free

The government paid another $600m of arrears to oil companies in August, bringing its debt down to $2.9bn. Petroleum minister Sherif Ismail told Reuters that Egypt aimed to reduce the arrears to $2.5bn by year-end. Egypt received a significant boost on 30 August when Eni announced a huge gas discovery on the Shorouk licence. Eni said the block had estimated reserves of 30tcf in the Miocene interval, which could increase further once the deeper Cretaceous is explored.

Egypt
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Swiss engineering consultancy Stucky has said that the Inga I and II dams show “permanent deformations” and that it is studying the cause.State power utility Société Nationale d’Electricité du Congo (Snel) gave Stucky a contract in 2012 to investigate the causes of permanent deformations in the dams and powerhouses that had been observed since construction. The contract is funded by the World Bank, and work is scheduled to be carried out from 2013 to 2016.

DR Congo
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Kenya’s Mombasa refinery has secured its short-term future with a $250m working capital loan to support its transformation from a tolling refinery to a merchant one, writes Kimemia Mugo in Nairobi

Kenya
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The Mount Coffee hydroelectric power plant rehabilitation project is rushing to arrange compensation for around 500 people living along the two transmission lines that will take power from the plant to Monrovia. The issue needs to be resolved in time for the transmission lines to begin evacuating power when the first unit is connected to the grid, which is expected in December. Mount Coffee is expected to generate 88MW on completion, which is scheduled for August 2017.

Liberia
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AFREN: Share placing; CAITHNESS PETROLEUM: Cabre takes new Moroccan block; CAMAC/PACIFIC ASIA: Long-term relationship starts with stake in Nigeria’s Oyo field; Hydrocarbons measurements

Nigeria | Morocco
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After East Africa’s offshore gas finds hit the headlines, results from onshore drilling in Puntland and Kenya could further boost expectations in a variety of unproven plays stretching from Djibouti to Zambia. Markets are eager for news, but seasoned geologists are urging caution

Kenya | Somalia | Tanzania
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AfDB – first private equity investment in Maghreb; CADF $90m for four projects; US EX-IM Sub-Saharan Africa Advisory Committee

Ghana | Libya | Zimbabwe | Algeria | Morocco | Tunisia
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Concerns over Egyptian General Petroleum Corporation (EGPC)’s mounting debts to international oil companies and uncertainty over the hydrocarbons sector’s long-term political management have not dissuaded bidders from signing up new exploration concessions. The Egyptian Natural Gas Holding Company (Egas) bid round announced in June has been put back by four months, but EGPC has finally announced the result of its bid round launched in October 2011.

Egypt
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National Oil Corporation (NOC) has been obliged to reduce oil output by as much as 15% owing to the combined effects of accidents and routine maintenance.

Libya
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Jacka Resources’ arrival as Somaliland’s first new IOC entrant in four years reflects renewed interest in the region’s geology, which could be further spurred by drill-bit success in neighbouring Puntland

Somalia
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Full notice to proceed was given on 23 January to contractors at the Mubuga solar PV project in Gitega province. The plant is Burundi’s first IPP to reach this point and will play an important role in reducing reliance on thermal power and providing power during the dry season. Mubuga has been in development by Gigawatt Global Coöperatief for five years alongside a range of international financial institutions. Commercial operation is expected by year-end.

Burundi
Free

Morocco’s readmission to the African Union in January 2017 was widely welcomed, ending a boycott called by the late King Hassan II in 1984 after the Sahrawi Arab Democratic Republic (SADR) was admitted as a full member of the then Organisation of African Unity. Morocco sees its future security and prosperity in an energetic drive to build business, political and cultural relations across Africa and King Mohammed VI received a standing ovation when he addressed the 2017 African Union summit.

Morocco
Issue 338 - 19 January 2017

Kenya: Sefa backs small hydro scheme

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The African Development Bank (AfDB)-managed Sustainable Energy Fund for Africa (Sefa) has approved a $992,000 grant for a 7.8MW hydropower project on the Mutonga River in Meru County. The project is based on standard run-of-river technology, with a shareholding structure where the Mutunguru community in central Kenya will receive a fixed small share of profits. The Sefa grant to Mutunguru Hydroelectric Company Limited will help finance legal support for setting up community arrangements, financial advisory, support to lenders’ due diligence, support to environmental and social impact assessments, and institutional and management capacity building.

Kenya