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Algeria can be a difficult jurisdiction, but Sonatrach’s termination of the Isarène E&P contract may not just be driven by aggressive resource nationalism, writes John Hamilton.

Algeria
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DRC has fallen dramatically behind in meeting sustainable development goals that would provide basic improvements for its impoverished population, even as President Tshisekedi and friends from Cairo to Abidjan work on hugely costly prestige projects, from a new capital to yet more plans for Inga, writes François Misser.

DR Congo
Issue 437 - 29 April 2021

Nigeria: Chinese permits restored

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President Muhammadu Buhari has reversed a government decision to revoke four oil permits from a unit of China Petroleum & Chemical Corporation (Sinopec). Buhari approved the restoration of the licences to Addax Petroleum Corporation, as part of his commitment to “the rule of law and sanctity of contracts”, spokesman Garba Shehu said in a 23 April statement to Bloomberg.

Nigeria
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President Emmanuel Macron’s planned 18 May get-together of African leaders in Paris is intended to lead support for economies badly affected by the Covid-19 pandemic. On the formal agenda will be putting together major new financial support, including through International Monetary Fund special drawing rights and, possibly, a new round of debt cancellation.

Mozambique
Free

The United States Agency for International Development (USAID) expects to solicit bids from 15 July, for award by end-2022, for a five-year contract in its $50m-99.9m estimated cost/amount range to assist the government in its efforts to meet increasing electricity demand and promote energy conservation.

Tunisia
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Prime Minister Abiy Ahmed set out an ambitious reform programme when he came to power in 2018, but the pace of change has been slow. The government has had to contend with a hugely difficult political and security environment, with regional coup attempts, conflict and riots, and a packed legislative and policy programme – as well as a deeply ingrained scepticism of international business – although there are signs the next generation of managers and politicians has a different outlook.

Ethiopia
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 In the face of vocal opposition from Egypt and Sudan, which are reliant on water from the Nile, Ethiopia faces strategic challenges in its efforts to build the 4,875MW Grand Ethiopian Renaissance Dam (Gerd). The giant dam’s construction is now around 80% complete and is expected to reach generation capacity in 2023. While diplomatic solutions remain elusive, the Gerd will retain its potential to set sabres rattling and tensions are undoubtedly rising.

Ethiopia
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The Commercial Court in London has ruled that the Ghanaian government could not challenge an arbitration award made against it as its appeal had come too late. The arbitration was brought by Ghana Power Generation Company (GPGC), which procured two GE LM 6000 combined cycle power plants in Italy to be installed in Aboadze under an emergency purchase agreement.

Ghana
Issue 441 - 24 June 2021

1 July: Opec+ Ministerial Meeting

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The 18th Organisation of the Petroleum Exporting Countries and non-Opec Ministerial Meeting will take place via videoconference with a potentially full agenda. The Opec+ allies sailed through their 1 June virtual 30th Joint Ministerial Monitoring Committee meeting, but their is much now to decide.

Free

The African Development Bank (AfDB) announced on 29 June that South Korea’s Ministry of Economy and Finance (MoEF) and the Export-Import Bank of Korea had signed an agreement to provide $600m to co-finance energy projects in Africa. It adds to the glut of funds targeting the African power sector, but oversupply of donor money – or undersupply of projects – is driving interest rates down and causing concern amongst financiers.

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The government has forecast an upturn in average production in 2021 to 344,000 b/d. This would be higher than the record 339,000 b/d produced in 2019 and would mark a recovery from 2020 when only 300,000 b/d was produced due to output declines in mature fields and the low level of investment.

Congo Brazzaville
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Confronted by the challenges posed of bringing people together during a period of continued global health, the organisers of the Africa Energy Forum (aef) and Africa Investment Exchange (AIX): Power & Renewables have agreed to work in parallel to hold their industry-leading events in London during the week of 15-19 November.

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Political change via the ballot box in Zambia has been widely welcomed. The focus for newly-elected President Hakainde Hichilema is to aggressively restructure government debt and fight corruption to spur economic development in a significant about-turn from the outgoing Lungu administration. If successful, this could provide headroom for social spending and help to restore donor and investor confidence, writes Chiwoyu Sinyangwe in Lusaka and African Energy staff.

Zambia
Free

The government was dealt a blow on 15 June when the Judicial Committee of the Privy Council ruled in favour of Betamax, after the Mauritian-Singaporean petroleum products supply joint venture had appealed to the arbiter in London against a Supreme Court of Mauritius (SCM) decision against it.

Mauritius
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Analysts have cast doubt on the government’s claims to have killed or injured 130 mercenaries linked to insurgents in Tigray who, the government said, planned to bomb the Grand Ethiopian Renaissance Dam (Gerd).

Ethiopia