Search results

Egypt Hydrocarbon Corporation (EHC), an affiliate of the local Carbon Holdings, has announced that it has concluded financing worth $298m and begun work on a world-scale chemical complex in the Suez region

The African Development Bank is considering a $550m loan to finance the 650MW Suez steam-cycle thermal power plant project

A multi-billion dollar chunk of an estimated $5bn-6bn payments backlog accumulated by Nigerian National Petroleum Corporation (NNPC)’s fuel importing arm has been paid this autumn, African Energy has been told

The European Investment Bank (EIB) has signed agreements for a €500m ($718m) loan to the Medgaz project company for the construction of a gas pipeline between Algeria and Spain

The government in Kinshasa is looking to impose President Joseph Kabila Kabange’s vision of how the world should do business with Democratic Republic of Congo, as it struggles to work with a pitifully small state budget, substandard governance and a woeful lack of human resources to meet huge demands for everything from basic health and education services to building transport, energy and other infrastructure almost from scratch

The African Development Bank’s concessional loans arm is considering a UA93.75m loan and UA58m grant for a project to improve the electricity transmission system

As Ghana prepares for first oil from the Jubilee field, the syndication of a $500m pre-export loan for Ghana National Petroleum Corporation (GNPC) is on track to close in the weeks ahead, according to political risk insurance (PRI) market sources close to the deal.

Hopes that long-delayed elections could end a decade-old political crisis looked set for disappointment as African Energy went to press, with President Gbagbo showing no sign of accepting defeat

Kenya Power and Lighting Company is holding a rights issue to raise up to KSh10bn ($119m) to finance upgrade projects

After years of trying to get the Mmamabula power project off the ground, CIC Energy Corporation has been bought by coal-hungry Indian power developer JSW Energy

The re-emergence of controversial former vice president Atiku Abubakar as presidential candidate for a group of powerful northern elite factions has added some very Nigerian spice to the 2011 presidential election

Construction work on the milestone 36MW wood-chip burning power plant in Monrovia is set to begin in early 2011, according to its sponsor

Ophir Energy has revived plans to seek a share listing to help fund its growing exploration activity. The company was considering an initial public offering in 2007, but opted to stay private. It argued that markets liked to see short-term results, but that it was still a couple of years from drilling, and private equity was a better way of meeting its needs (AE 126/14

London has enjoyed close security co-operation with Algiers and Tripoli for some time, but the relationship is now more overt and ministerial attention more focused. In mid-November, minister for the Middle East and North Africa Alastair Burt – who civil servants say is genuinely enthusiastic about understanding North Africa – addressed a conference at the Royal Institute of International Affairs (Chatham House) on Europe’s relationship with North Africa.

Fresh legal proceedings have been filed in a long-running Tanzanian power plant dispute, as Standard Chartered Bank tries to recover debt that it claims is owed to its Hong Kong subsidiary, writes Kevin Godier