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Mining ministers from 11 central African states have endorsed a system for tracing the origins of raw materials drawn up by the Paris-based Organisation for Economic Co-operation and Development (OECD).

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Resource hungry China has given Ghana a $15bn package of loans for energy and other infrastructure, raising fresh expectations that Kosmos’ Jubilee stake will end up in Chinese hands

Ghana
Issue 195 - 09 October 2010

Wade gives energy portfolio to his son

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President Abdoulaye Wade has sacked energy minister Samuel Sarr and given the job to his son Karim after street protests over the latest wave of load shedding.

Senegal
Free

As usual, there was no explanation from Luanda of President José Eduardo dos Santos’ partial government reshuffle on 5 October, which reorganised key economic departments and the senior ranks of the military.

Angola
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Traders’ concern over payments delays have made NNPC’s fuel importing arm a heavily insured entity on the single-risk insurance markets.

Nigeria
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Sonangol is back in the syndicated bank market, which the Angolan parastatal visits at least once a year to raise a minimum $1bn in debt, often on the back of a receivables purchase agreement structure.

Angola
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A lawsuit filed by one of the Gulf region’s most high-profile expatriate executives could point to a dark side in the mighty Abu Dhabi business empire, if the allegations are proven, and threatens to reignite controversy over several deals, including a major power project in Morocco. The suit has been filed in the United States by former Abu Dhabi National Energy Company (Taqa) chief executive Peter Barker-Homek against his erstwhile employer. Taqa rejects all the charges and has said it will contest the case vigorously.

Morocco
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BHP Billiton/ArcelorMittal iron ore deal off; Egyptian minister becomes World Bank MD; Kihansi toads to return to wild

Egypt | Guinea | Liberia | Tanzania
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Doubts are being raised over São Tomé e Príncipe’s ability to handle oil licensing after the tiny island state was thrown out of the Extractive Industries Transparency Initiative, writes Thalia Griffiths

São Tomé & Príncipe
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The US Trade and Development Agency has awarded an initial four grants under the new African Clean Energy Solutions (Aces) Initiative.

Issue 192 - 07 August 2010

Refiner eyes fresh import credits

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One of West Africa’s worst-performing borrowers, the state-owned Tema Oil Refinery (TOR), is lining up new import finance from Ghana Commercial Bank (GCB), formerly its main lender.

Ghana
Issue 192 - 07 August 2010

Rio Tinto signs iron ore deal

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Rio Tinto and China’s Chalco signed a binding agreement in Beijing on 29 July to establish a joint venture covering the development and operation of the Simandou iron ore project in south-east Guinea. The agreement follows a memorandum of understanding between Rio Tinto and Chalco’s parent, Aluminium Corporation of China (Chinalco), announced in March.

Guinea
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New Era newspaper described black economic empowerment (BEE) entrepreneur Knowledge Katti as “one of the fastest growing [exclusive prospecting licence] EPL millionaires in the country”. Born in 1973 and raised by his grandmother in the Walvis Bay township of Kuisebmond, Katti came to international attention in 2008 when Canada’s Universal Power Corporation (UPC) announced

Namibia
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Pressure from Democratic Party Senator Frank Lautenberg and other congressmen on Secretary of State Hillary Clinton to open an investigation into BP 's role in lobbying for the release of the convicted Lockerbie bomber Abdelbaset Al-Megrahi has added

Libya
Issue 191 - 24 July 2010

New management at NOC

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National Oil Corporation has a new management committee. The General People's Committee (GPC - government) decided on 13 July to restructure the national company's executive board, replacing three of its members with four newcomers, all but one of whom has virtually no public profile.

Libya