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A major challenges to the status of Somalia’s autonomous Somaliland and Puntland territories is the dispute over the Sool and eastern Sanaag regions, which are believed to be oil-rich.

Oil means everything to Puntlanders, who believe its discovery will lift the Somali region’s people out of poverty, transform the economy into a Dubai-style success story and unite all Somalis.

IOCs and consumer governments are indulging in intense speculation about Gazprom’s Nigerian love-in, with indications that Moscow might also revive co-operation with Algeria and invest big in several other African gas plays.

The International Finance Corporation announced on 17 March that it signed agreements for projects in South Africa and India that will make first use of its carbon delivery guarantee.

Long project lead-ins and an increasingly cumbersome registration and assessment system have severely limited the volume of carbon emission reduction credits generated by African companies,

ALGERIA: Energy subsidies hamper WTO; ANGOLA/NIGERIA: Oil business PRI rates come down

A $200m naira-linked loan for Nigerian energy player Oando has set a series of benchmarks, writes Kevin Godier.

COTE D’IVOIRE: ADB post-conflict funds; RWANDA: World Bank funding; TOGO: World Bank arrears deal

Plans are moving ahead for the most radical overhaul of Nigeria’s hydrocarbons industry in 40 years, according to the draft report seen by Our Gulf of Guinea Correspondent. Also in African Energy, Eleanor Gillespie in Abuja and Leonard Lawal in Lagos report on joint ventures and other aspects of the reform promised across the industry, which may not be to the taste of many IOCs but fulfill a need for real change in Nigeria.

President Umara Musa Yar’Adua wants a stronger national industry – as he noted, opening CWC Associates’ Nigeria Oil & Gas Conference 2008 in Abuja on 19 February, “the provision of petroleum projects is dependent on expertise from other countries.”

EGYPT: EIB loan will help launch Egyptian Refining Co project; UGANDA: New oil and gas policy; TANZANIA: Heads roll over power scandal

The European Investment Bank has launched its first international bond issue denominated in Zambian kwacha.

The African Union’s new energy arm is intended to help the continent present a more coherent message – and mobilise more resources – in the global energy fora that count, writes Jon Marks in Algiers.

AfDB: Support for BOAD; EU to fund rural electrification; Lighting Africa finalists; AFC membership, power initiative

Afrinvest name change; Maputo port investment; First Quantum financing; PA bond issue