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After winning a tender in 2017 to provide electricity to 300,000 households in Togo over five years, off-grid solar company BBOXX has launched a new distributed energy service company (desco) to handle in-country operations. BBOXX Togo is owned by BBOXX alongside EDF and BBOXX equity partner Beam. BBOXX is already supplying electricity to 26,000 households, having opened around 20 shops employing 100 people.

Togo
Subscriber

Federalists in Cyrenaica are publicly maintaining a hard line in their seven-month stand-off with the central government. Negotiations have stalled, and a sense of crisis pervades every part of Libya’s transitional institutions, but military options to retake the terminals – although discussed – seem remote. The high-risk strategy being promoted by the main federalist grouping behind the blockades, the Political Bureau of Cyrenaica (PBC), is to push for the failure of the current transitional institutions in the hope of claiming the right to self-determination and to sell oil independently in the ensuing vacuum.

Libya
Issue 201 - 21 January 2011

Madagascar Oil debacle alarms companies

Subscriber

The suspension of Madagascar Oil's shares two weeks after listing highlights the problems facing the transitional government, writes Paul Melly. Under the guise of a New Year courtesy call on mining and hydrocarbons minister Mamy Ratovomalala, a delegation of senior managers from oil companies active in Madagascar began to lay the ground for new development talks with the government. In mid-December 2010, Ratovomalala made operators and ..

Madagascar
Issue 335 - 24 November 2016

Actis out of Umeme, still in distribution

Subscriber

Actis has made its final exit from Ugandan electricity distribution company Umeme, ending a ground-breaking investment that began a decade ago. Following a privatisation process in 2005, Actis held 100% of the former state company’s equity; since 2012, it has built up an institutional and retail investor base by selling down equity on the Uganda and Nairobi exchanges. A significant tranche of shares was sold by Actis’s Umeme Holdings Ltd (UHL) subsidiary to institutional and retail investors in June 2014, when Actis made a commitment to the Kampala government to retain a minimum stake of 14% for at least 24 months.

Nigeria
Issue 327 - 07 July 2016

Algeria: Tenders under scrutiny

Free

Groupement Berkine, the Sonatrach-Anadarko joint venture which produces just under 150,000 b/d from the El Merk oil field, has come under scrutiny for the large number of gré-à-gré (single source) tenders it has issued over the past five years. An Algiers-based unofficial and unregistered NGO, the Association Nationale de Lutte contre la Corruption (ANLC), and the web-based news service Algérie-Focus claimed at the end of June that they had been anonymously emailed details of 1,150 gré-à-gré contracts issued by the joint venture between 2011 and 2015. ANLC secretary general Halim Feddal described the quantity of this type of contract as “a terrible situation”, as uncompetitive tendering is supposed to be the exception rather than the rule.

Algeria
Free

A financial crisis is undermining the Nigerian electricity supply industry (ESI), but just as important is the lack of natural gas to generate power, as potential suppliers have ducked calls for much-increased supply to the domestic industry while purchase prices remain low and cost-reflective tariffs are elusive. Lack of gas is compromising efforts to increase generated electricity output, shown in African Energy’s analysis of available data and forecasts based on research for the African Energy Database.

Nigeria
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A review of oil and gas contracts and legislation planned by the African Petroleum Producers Association (APPA) aims to simplify the negotiating process by drawing up a model contract based on international standards and best practice in Africa and worldwide.

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Nearly a year after the unity government came to power, Zimbabwe’s economic fundamentals are little improved and financiers are holding back from supporting essential projects, writes Kevin Godier

Zimbabwe
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The government’s attempts to disregard parliament’s oil resolutions, and to weaken the capacity of a corruption probe committee, have met with considerable opposition, underlining the capacity of domestic politics to complicate Uganda’s passage to becoming an oil producer

Uganda
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Norway’s Spectrum ASA has announced an agreement to acquire 28,000km of long offset 2D seismic data offshore southern Somalia. Spectrum’s survey will cover areas licensed to Pecten, a joint venture of Shell and ExxonMobil, which have been under force majeure since 1992. It will also manage and market 20,000km of 2D data gathered and processed by Soma Oil & Gas in 2014, which it says the survey is designed to complement. Soma – a UK company chaired by former Conservative party leader Lord (Michael) Howard – is giving the results of its survey to the federal government in return for the right to pre-emptively choose 12 blocks.

Somalia
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For long a significant player in project finance and emerging markets, BNP Paribas (BNPP) has become a bigger force still on the Africa and Middle East energy scene with the acquisition

Issue 290 - 04 December 2014

Beach Energy: New MD

Free

Australia’s Beach Energy has named former Woodside vice-president Rob Cole as its new managing director, replacing Reg Nelson, who is stepping down after nearly 25 years. Beach is Australia’s largest onshore oil producer, but also has the Lake Tanganyika South licence in Tanzania, where Woodside farmed in in July, taking 70%.

Subscriber

Australia’s Swala Energy has submitted bids for three exploration permits. The bids are for Block 31, which includes part of Lake Tanganyika and was previously licensed to Rapid African Energy, and Karoo blocks 42 and 44 in the south of the country. If the applications are successful, Swala will have an 83% equity interest in any block awarded. Block 3, Zambia’s largest, lies within the East African Rift System, adjacent to acreage held on the Tanzanian side of the lake by Australia’s Beach Petroleum.

Zambia
Issue 223 - 19 January 2012

IFC co-ordinates Kribi lenders

Subscriber

The World Bank’s International Finance Corporation (IFC) is investing €60m ($76m) in direct financing, and co-ordinating €138m in syndicated and parallel loans to the Kribi Power Development Company (KPDC) for its 216MW gas-fired power plant project

Cameroon
Subscriber

Sterling Energy has announced plans to raise £62.5m ($103m) through a discounted share placing and says it is no longer in takeover talks.

Madagascar