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USTDA, transport initiative; IDA financing; World Bank finance for regional project; Chinese loan

DR Congo | Nigeria | Madagascar
Issue 137 - 26 April 2008

Unclos deadline looms, UN may extend

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The deadline is looming for countries to submit claims to the United Nations to extend their maritime boundaries beyond the usual 200 nautical miles to include submarine areas that are the prolongation of their land mass

Madagascar | Morocco
Issue 137 - 26 April 2008

Plus points added to expand EITI

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The World Bank has launched a new initiative to develop and expand the principles of the Extractive Industries Transparency Initiative (EITI). The Bank says its EITI++ initiative seeks to develop national capability to handle the boom in commodity prices and channel growing revenue streams into fighting poverty, hunger, malnutrition, illiteracy and disease.

Mauritania | Nigeria | Guinea
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Sonangol likely to be well received for its foray into structured finance markets

Angola
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IPSA Group has signed a £15.5m ($30m) loan facility agreement with Standard Bank. Some £12.7m has been used to pay the balance of funds due to Siemens subsidiary TurboCare for the _31.2m ($49.5m) acquisition of four Fiat Avio 501 D gas turbines for the Coega industrial zone project. The remainder will be used for working capital purposes. “We are really delighted by the strong support for IPSA shown by Standard Bank at this time of turbulence in the international financial markets.

South Africa
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DR CONGO: AfDB finance for Inga; LIBERIA: Official debt relief

DR Congo | Liberia
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ANGOLA: Deutsche Bank loan for roads; BENIN: Ex-Im Bank supports turbine sales; NIGERIA: FirstBank diversifies with Brazilian import line

Benin | Angola | Nigeria
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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.

Somalia
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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.

South Africa
Issue 135 - 28 March 2008

CDM credit flow still slow in Africa

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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,

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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.

Somalia
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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.

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

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

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

Rwanda | Togo | Côte d'Ivoire