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Hyperdynamics Corporation’s cash woes have hit its troubled Guinea project.

Human Rights Watch’s new report lists a number of business dealings between relatives of President Obiang and US

The World Bank board has approved a package of three loans totalling $535m to support government efforts to improve economic governance and stabilise the economy.

EGYPT: USTDA funds petrochemicals, railways; EGYPT: First public-private infrastructure transaction; LIBERIA: AfDB finances development bank; LIBERIA: Extra World Bank funds for infrastructure; MOZAMBIQUE/MALAWI: AfDB funds Nacala road corridor

Royal Dutch Shell has agreed to pay $15.5m to the Ogoni people to settle a long-running court case brought in the United States under the Alien Tort Claims Act.

Brussels is looking for project proposals to be funded from a new renewables-focused European Union facility to stimulate electrification projects and help fight climate change, writes François Misser.

No one doubts Dr Rilwanu Lukman’s pedigree in the Nigerian oil industry, but his return as oil minister last year, formalising his central role in shaping the Yar’Adua administration’s policy,

SOUTH AFRICA: Proparco gives IDC E30m credit line; REGIONAL: Donors back private equity health fund; TANZANIA: IFC backs forestry project

In a dramatic sign of the effect of the global downturn, middle-income Botswana has been forced to turn to the African Development Bank for a big chunk of budget support

The World Bank board has approved an Emergency Infrastructure and Electricity Rehabilitation Project (PURISE) for the Republic of Togo. PURISE is funded by a $26.82m grant, $25m of which is being provided by the World Bank and $1.82m by the Global Environment Facility (GEF).

AFDB: Clean technology fund investment; MALAWI: World Bank funding; SIERRA LEONE: IFC opens new country office

A World Bank delegation visited the unrecognised Somali breakaway Republic of Puntland in mid-May to sign a $1.5m grant with President Abdirahman Mohamed Farole. The Puntland government’s Planning Minister

Zimbabwe appeals for funds but international investors remain wary

Despite the global downturn, the Dutch DFI retains a strong line-up of diverse energy projects, writes Kevin Godier. Netherlands Development Finance Company (FMO) is maintaining its role as one of the most active and flexible debt and equity providers as the global credit crisis has cut back commercial finance, with a string of new financing packages for African power generation schemes awaiting approval

While little has been heard since UK Prime Minister Gordon Brown met Nigerian President Umaru Musa Yar’Adua last July and promised to help tackle illegal bunkering of fuel from the Niger Delta, officials say technical work has been going on behind the scenes (AE 144/24).