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Plans to develop an iron ore joint venture are in doubt, Legend Mining Ltd said on 29 October, after the Australian Securities Exchange (ASX)-listed junior’s South Korean partner Posco Africa (Pty) Ltd said it would not proceed due to global market conditions.

In a process delayed by political bickering and dramatic protests, the chosen candidate to take over as Libya’s new oil and gas minister is an environmentalist and senior member of the Muslim Brotherhood-supported JCP, who was sentenced to life imprisonment by the former Qadhafi regime, writes John Hamilton

Ugandan and Ghanaian government plans for rigorous local content regimes reflect politicians’ concerns that the fruits of oil production will neither be enjoyed by sufficient numbers of voters nor create sustainable national industries. Implementation may add to the burden on IOCs but is in the interests of all parties, writes Hugh Boylan

Fastnet Oil and Gas executive vice president exploration Paul Griffiths said in October that Morocco’s Foum Assaka offshore permit, which is operated by Kosmos Energy, as having “multi-billion barrel resources in place in several plays including a Jubilee field, Ghana analogue”.

Negotiations over the disputed lake border between Tanzania and Malawi have broken down, with Malawian officials telling their Tanzanian counterparts that they will pursue their cause before the International Court of Justice (ICJ) rather than continue talks to resolve the dispute.

The World Bank Group approved a total of $3.6bn in financing for renewable energy projects worldwide in FY2012, a record 44% share of its annual energy lending of $8.2bn

US oil industry lobbying groups have filed a lawsuit against the Securities and Exchange Commission (SEC), seeking to overturn new transparency legislation

Private equity has a growing role to play in developing African infrastructure and building up companies, but the going can be tough for fund managers looking to tap conventional investors who feel comfortable in North America, Europe and many Asian markets

Israeli miner Elenilto has dropped out of Block SL-07A-10 offshore Sierra Leone, leaving it to be licensed to newcomer Minexco Petroleum with 90% and Signet Petroleum with 10%. Elenilto said on 15 August it had been awarded a majority stake and operatorship of the block

African Development Bank (AfDB) president Donald Kaberuka on 16 October officially opened the AfDB’s External Representation Office (ERO) for Asia in Tokyo AfDB

The recent Moody’s downgrading of Eskom’s credit rating echoes the worsening external view on South Africa rather than reflecting specific worries about the power parastatal, writes Kevin Godier

There was near consensus among African ministers and central bank governments at this year’s International Monetary Fund (IMF)/World Bank Group (WBG) annual meetings, held on 9-14 October in Tokyo, that relations between governments and multilaterals were much-improved from previous decades of conflict

The World Bank has launched a fund to help African countries negotiate equitable deals in their natural resource contracts with international companies

US government development finance institution the Overseas Private Investment Corporation (Opic) has announced it will beef up its South African operation from 2013, dedicating a senior staff member “to leverage the country’s position as a business hub and strategic US partner” and help implement the US-Africa Clean Energy Finance Initiative (US-ACEF)

While the growth of key emerging markets is slowing and G8 economies remain sluggish at best, high-growth African borrowers can look to Eurobonds and private equity, as well as increased multilateral and bilateral support, to support their budgets and help finance infrastructure, writes Jon Marks in Tokyo