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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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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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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
Issue 191 - 24 July 2010

US passes transparency reforms

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The US Senate has passed a new bill on resource transparency that will require oil, gas and mining companies registered with the Securities and Exchange Commission (SEC) to publicly disclose their tax and revenue payments to governments around the world.

DR Congo
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A growing number of industry executives are making their way to previously unfashionable Nouakchott as rising demand for electricity is driving a push for more generation capacity. The prospect of a significant gas-fired project

Mauritania
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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
Issue 191 - 24 July 2010

New bridge over the Zambezi

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The government has awarded the construction contract for a new $132m bridge across the Zambezi River to the Estradas de Zambeze consortium of Portuguese and Mozambican companies

Mozambique
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A pattern is emerging in the way big resources contracts are being reallocated to unknown companies that the authorities say meet their criteria for fit and proper partners criteria

DR Congo
Issue 191 - 24 July 2010

Cable start-up boosts telecoms

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The Main One submarine cable to West Africa started operations at the beginning of July, improving regional internet and telephone communications.

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A big new loan for a Nigerian gas project underlines growing interest from private investors in the country’s potential, writes Kevin Godier. Two Nigerian banks have extended a landmark $60m project finance facility to part- finance the construction of a gas pipeline, central processing facility and associated infrastructure in Akwa Ibom state.

Nigeria