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Having undertaken Africa’s biggest-ever banking sector bailout last year, Nigeria is clawing its way back to a more respectable profile in trade and project finance circles, according to market players who talked to Kevin Godier

A London-based trade financier said refined crude oil products still represented “the key market” for trade financiers in Nigeria, reporting that pricing was “fairly stable”. But other market players who talked to African Energy had a different analysis. London Forfaiting Company (LFC) managing director

More transparent, investor-friendly procedures are promised to attract investors to key sectors like electricity, but high transaction costs and burdensome bureaucracy remain a challenge

A review of oil and gas contracts and legislation planned by the African Petroleum Producers Association (APPA) aims to simplify the negotiating process by drawing up a model contract based on international standards and best practice in Africa and worldwide.

Algeria and its energy industry are transfixed by drift and inertia as anti-corruption enquiries continue, energy minister Chakib Khelil is put under pressure and President Bouteflika’s intentions remain unclear

Goodluck Jonathan’s Presidential Action Committee on Power (PACP) must produce a workable blueprint for the sector before end-May, the acting president told journalists on 21 April. Jonathan has retained the electricity portfolio in his new cabinet, working with minister of state Nuhu Somo Wya in another effort to overcome crippling power problems, which, according to Jonathan, have left Nigeria in a state of “semi-emergency”. Again, the government is focusing on reform within a solid regulatory framework as the key to stable power supplies.

The Egyptian Refining Company and General Petroleum Corporation projects indicate a revival in global financing markets which will help downstream expansion, writes Kevin Godier. Commercial syndication has been launched for a $2.35bn project financing that will put in place lending for up to 17 years from banks, multilaterals and export credit agencies (ECAs) for the privately held Egyptian Refining Company (ERC).

AfDB Governors recommend 200% capital increase and New Clean Energy bonds; Regideso debt; Pride bribery allegations

Nigeria’s female ministers have proved themselves a tough and often talented bunch, but new petroleum minister Diezani Allison-Madueke faces a difficult challenge to finalise the Petroleum Industry Bill, which her predecessor, the law’s key architect Rilwanu Lukman,

Goodluck Jonathan’s new cabinet is packed with surprises that the acting president hopes will cement his authority and speed up government business.

Following three months when little business has been transacted at Sonatrach and foreign investors have turned away, there are indications that the Algerian authorities want to mitigate the collateral damage inflicted by the anti-corruption investigation and political in-fighting, write Jon Marks, John Hamilton and correspondents in Algiers

Acting President Goodluck Jonathan has submitted to the senate his first 33 nominations to fill government ministries a week after sacking the cabinet in a bold move to stamp his authority on government.

The financing package for Botswana Power Corporation (BPC)’s $1.6bn-plus, 600MW Morupule B coal-fired power station and transmission project has attracted considerable attention. Funding included $379.1m from the World Bank, divided into

A formal apology over a US State Department spokesman’s comments fails to quell anger at National Oil Corporation as its chairman threatens to favour China and Russia.

Faced with the embarrassing fact that just two countries met the 9 March validation deadline, the Extractive Industries Transparency Initiative has delayed a decision on what it should do with the other candidates until next month’s board meeting in Berlin.