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In-fighting within the political class rarely surfaces in public, but it remains a significant factor in Egyptian decision-making.

MCC funds for schools, farming; MoU for Port Harcourt ring road; JBIC: Africa office

MCC funds for schools, farming; MoU for Port Harcourt ring road; Japan Bank for International Co-operation has established an Africa Office

The World Bank Group’s International Finance Corporation has signed the first project development agreements (PDAs) under its new IFC Global Infrastructure Project Development Fund (IFC InfraVentures) product.

Investors’ belief that Africa will continue to show above-average growth, as global returns on private equity continue to fall, is shown by a wave of new fund vehicles. The Pan-African Investment Partners II (PAIP II) fund has closed a first stage requirement of

NOC head Shukri Ghanem’s authority has been enhanced by his adroit steering of the Libyan parastatal through some very choppy waters following Muammar Qadhafi’s decision to radically overhaul government in his Jamahiriya.

Its power is substantial, but Libya’s National Oil Corporation currently has no plans to extend its remit overseas according to the model established by Russia’s Gazprom and is now being enthusiastically followed by Algeria’s Sonatrach and in a smaller way by Tunisia’s Entreprise Tunisienne d’Activités Pétrolières (Etap).

Flex LNG has completed a private placement to raise $350m. The final subscription price was set at NOK60/share and a total of 29,580,834 new shares will be issued.

A N26bn ($220m) financing agreement for the Escravos gas-to-liquids (GTL) project was signed on 21 June between a consortium of Nigerian banks and Nigerian National Petroleum Corporation (NNPC) and its joint venture partner Mobil Producing Nigeria (MPN).

Presidential adviser on energy Rilwanu Lukman has said he expects final government approval of his report on the restructuring of the Nigerian hydrocarbons sector “in the next week or two”.

WBG post-conflict funding; IFC microfinance programme; EADB Chinese credit; World Bank loan for ONE

Eager to secure new sources of oil, Lakshmi Mittal has taken over from Tokyo Sexwale as Ophir Energy’s biggest shareholder as the company embarks on an ambitious exploration programme.

Slightly later than expected, the National Energy Regulator of South Africa (Nersa) has sought to placate the very different, often conflicting, demands of building SA’s economy according to international benchmarks and protecting millions of poor consumers from the worst depredations of transition to a hard-knuckles market economy. Nersa on 18 June agreed a 13.3% average tariff increase for Eskom Holdings Ltd

French partnership agreement; Sudan and China have signed eight agreements

Côte d’Ivoire has joined the Extractive Industries Transparency Initiative; New PM as Conte’s circle consolidates.