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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.

Sonangol likely to be well received for its foray into structured finance markets

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.

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

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

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,

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.

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

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.