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The World Bank Group’s International Finance Corporation is selling stakes in three producing concessions in Egypt and one in Côte d’Ivoire. The IFC has retained Scotia Waterous as financial advisor for the sales.

Eni to fund transmission work; New turbine for Vridi plant; Nuwaiba turbine generator tender; First two turbines start up at Merowe; Tanesco seeks procurement advisor

The International Monetary Fund (IMF) and World Bank have declared that Côte d’Ivoire could soon be eligible for debt relief under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative.

Private equity firm Emerging Capital Partners has announced a $30m investment in Finagestion, a holding company owned by France’s Bouygues that operates water and power production and distribution contracts in Côte d’Ivoire and Senegal.

Chevron Africa Holdings has agreed to sell Chevron Nigeria Holdings (CNH) and its operations in Benin, Cameroon, Republic of Congo, Côte d’Ivoire and Togo to Corlay Global, a Panamanian company owned by a consortium of Nigeria’s MRS Holdings Ltd and Petroci Holdings of Cote d’Ivoire. Bermuda-registered CNH holds 60% of the publicly listed Chevron Oil Nigeria.

Devon Energy Corporation has completed the sale of its operations in Côte d’Ivoire to Alternative Investment Market-listed indie Afren (AE 143/16).

EU date for Arzew probe; Higher fuel prices in Abidjan; Indians seek Chevron east Africa assets; Technip gets EPC contract for fertiliser project

Cabinda South find, Lukoil plans, Lotshi survey, RWE gas find in North El Amriya, Woodside find in Libya; Sweden’s PA Resources has spudded a second well on the Didon field; Eurogas drills on Sfax permit

WBG post-conflict funding; IFC microfinance programme; EADB Chinese credit; World Bank loan for ONE

Côte d’Ivoire has joined the Extractive Industries Transparency Initiative; New PM as Conte’s circle consolidates.

The state Société d’Opération Ivoirienne d’Electricité (Sopie) has outlined plans to expand generation capacity, as the country seeks to revive its infrastructure after a damaging civil conflict.

Afren plc has followed its acquisition of Devon Energy Corporation’s assets in Ghana and Angola by acquiring Devon’s assets in Côte d’Ivoire

COTE D’IVOIRE: ADB post-conflict funds; RWANDA: World Bank funding; TOGO: World Bank arrears deal

Construction has begun on a long-awaited transmission line connecting Côte d’Ivoire and its north-eastern neighbour Mali, which forms an important link in the nascent West African Power Pool (AE 105/3).

Among the larger Saudi-controlled companies active in the African resources boom is Stockholm-based Svenska Petroleum, which belongs to Saudi/Ethiopian magnate Mohammed Hussein Al-Amoudi – one of that group of Saudi businessmen born into non-Saudi or marginal communities who have emerged as very significant players, usually by being linked to senior Saudi princes as ‘men of business’ during part, at least, of their careers.