Search results

General

Type

Sector

Regions

Sort options

2,051 results found for your search

Free

Benedict Oramah has been appointed to replace Jean-Louis Ekra as head of the Cairo-based export credit agency African Export-Import Bank. Oramah, a Nigerian national, joined the bank as an analyst in 1994. Presently executive vice-president in charge of business development and corporate banking, he will take over the leadership in September as the institution’s third president since it was founded in 1994.

Issue 351 - 28 July 2017

Chad: AfDB to fund Djermaya solar

Subscriber

The African Development Bank (AfDB) has confirmed its intention to contribute to the financing of the Djermaya solar plant. AfDB vice-president for power, energy, climate change and green growth Amadou Hott visited President Idriss Déby Itno on 5 July to discuss financing for the project, and several other areas of potential cooperation. An AfDB statement said the bank also plans to support other energy sector projects such as the electrical interconnection between Chad and Cameroon, and the rehabilitation of the Societe Nationale d’Electricité thermal plant.

Chad
Subscriber

The Tanzanian government has unveiled a new gas policy focused on prioritising the domestic market rather than the large-scale exports favoured by IOCs, writes Hugh Boylan.

Tanzania
Free

The Export Import bank of China has lent Zimbabwe $319m to finance the 300MW expansion of its Kariba hydropower station under a contract awarded to Sinohydro last year (AE 245/10). “This should go a long way in reducing power outages that characterise our power generation.

Zimbabwe
Subscriber

The governments of Sudan and South Sudan have agreed to renegotiate the terms under which Juba exports its oil, according to officials from the two countries. Transit fees of almost $25/bbl, combined with the drop in the global oil price and the discount at which Dar Blend crude trades, meant that South Sudan faced selling its oil at a loss. Output dropped sharply, heralding a possible shutdown and requiring an urgent renegotiation of transit terms.

South Sudan
Subscriber

A project to develop mapping software to find viable sites for micro-hydro projects, aiming to facilitate a mass market for turbines and ease financing for micro-scale projects, has been awarded £274,000 ($333,000) for a pilot project in Uganda. The software uses satellite imaging to look at river gradient and flow and combines it with geographic demographic data to pick out sites which have characteristics suitable for any turbine size.

Uganda
Subscriber

Standard & Poor’s has affirmed its B+ long-term and B short-term sovereign credit ratings, with a negative outlook, placing Senegal’s country risk on a similar level to Ghana, Cape Verde and Kenya.

Senegal
Subscriber

A group of investors and lenders is creating a $400m fund to invest more flexibly in power plants in Africa. Speaking at the Africa Energy Forum in Lisbon on 13 June, Lion’s Head Global Partners co-chief executive Clemens Calice said the equity portion of the first close of about $120m for the Facility for Energy Inclusion (FEI) on-grid fund was completed and that it was now in the process of bringing in loan finance.

Subscriber

Italy’s Saipem has said it could lose up to €500m ($653m) in payments due from Algeria because of an investigation into allegations that it paid bribes to win contracts. Chief executive Umberto Vergine said on 23 April, “we are having some difficulties to get recent payments and the worst-case scenario is we won’t get these payments.” Saipem said it had been informed that an Algerian court had extended its investigation, but added it had no details on the state of the case or the people involved.

Algeria
Subscriber

Investment advisory GreenMax Capital Advisors and merchant bank Broad Street Capital Group are pioneering a new approach to financing portfolios of off-grid projects called the GreenStreet Africa Energy Infrastructure Financing Programme. The initiative aims to allow public institutions access to low-interest financing while encouraging African governments to take on some of the risks in the sector.

Nigeria
Subscriber

US strategic consultancy Détente Group has signed agreements with the Ethiopian government to manage development of the country’s wind energy potential with support from President Barack Obama’s Power Africa Initiative. Détente managing partner Brien Morgan told African Energy that, based on the support received from the Export-Import Bank of the United States (US Ex-Im Bank), the Department of Commerce’s Export Assistance Center, and a 25 September meeting between Obama and Prime Minister Hailemariam Desalegn at the United Nations General Assembly in New York, the government of Ethiopia has pledged to source the entire programme from the US renewable energy industry.

Ethiopia
Issue 262 - 02 October 2013

Lake Turkana nears financial close

Subscriber

Lake Turkana Wind Power (LTWP) expects to bring its 300MW project in Kenya on line during 2015, constituting a large chunk of the 510MW of wind energy that the government plans to commission over the next 40 months. “Commissioning will probably be 2015, which will be 50MW, and then will be injected in tranches of 10MW, with the turbines erected at one per day,” LTWP founder and owner Chris Staubo told African Energy. The company is meeting lenders in London to go through the remaining conditions precedent, of which there are about 600. “The lenders and debt are in place, we have our term sheet. What remains now is to have a meeting in London with all the lenders to go through the various conditions precedent,” said Staubo, adding: “We foresee financial close in December this year.”

Kenya
Free

With all the talk about leapfrogging the grid, it is surprising how little the possible implications have filtered through to the debate about tariffs. The Africa Investment Exchange: Power and Renewables conference in London on 15-16 November saw a lively discussion about potential grid ‘disruptors’, in particular low-cost, small-scale renewable power sold directly to consumers. The technology has huge potential to provide clean power to households and industry at a fraction of the cost of the grid.

Issue 199 - 03 December 2010

IDB funds rural electrification

Free

The Islamic Development Bank has signed loan agreements totalling $51.7m to finance the last phase of Morocco’s rural electrification programme (Perg)

Morocco
Issue 154 - 09 January 2009

IDA grant heralds utility reform

Subscriber

The World Bank Group has approved a $190m International Development Association grant for an urban water supply project, paving the way for major reforms at water utility Regideso, which from H2 09 could be operated by a private contractor under a management contract.

DR Congo