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Nigeria has succeeded in overturning a $6.6bn arbitral award made against it in 2017, with the High Court in London ruling the award had been obtained by fraud. The High Court ruled that British Virgin Islands-registered Process and Industrial Development (P&ID) had engaged in “the most severe abuses of the arbitral process” in winning its 2017 case against the Nigerian government over a failed gas supply and processing deal.

Karadeniz’s subsidiary Karpowership South Africa has secured environmental approval to proceed with the 450MW Richards Bay gas-to power plant.

The International Monetary Fund has agreed a new $253m programme to help Nouakchott strengthen its resilience to climate shocks and accelerate its transition to clean energy.

Insurers focusing on energy sectors appear cautiously optimistic, despite many parts of Africa experiencing economic, political or security volatility. Some insurers are expanding into new sectors, such as transmission and C&I power plants, buoyed by high demand for what is often an unsung, but important element in project and financial structures, writes Marc Howard.

Few countries generate such strong opinions, for and against, as Rwanda, which is ruled with an iron fist by an apparently ageless President Paul Kagame. All but set for re-election again in August 2024, Kagame continues to make himself very useful to allies, acting as a regional policeman while also a player in his neighbours’ conflicts, while drawing in finance despite criticism of governance abuses, write Tonderayi Mukeredzi and African Energy staff .

Guinea’s military government has received a significant fillip as mining giant Rio Tinto and Chinese steelmaker Baowu made further commitments to the Simandou megaproject – in the process offering hope to Interim President Mamady Doumbouya that exports could eventually start from the long-stalled scheme, as his regime moves slowly on the promised transition back to democracy, write Marc Howard and Our Conakry Correspondent.

Macky Sall has installed trusted ally Antoine Félix Abdoulaye Diome as oil and energy minister in a move said to be designed to extend outgoing president’s influence over the sector even after he leaves office, writes Waly Dione Faye.

A Dubai-based company backed by a well-connected but relatively low-profile member of Dubai’s ruling Al-Maktoum family has been signing deals across Africa to generate carbon credits – generating some controversy in the process.

Mpho Makwana will leave Eskom at the end of October, having served for only slightly over a year as chair of the state utility’s board of directors, with further divisions among decision-makers apparent in the protracted search for a new group chief executive officer (GCEO).

Reports of a surprise deal by the government to acquire Petronas’s oil and gas portfolio in partnership with a little-known American outfit have reinforced concerns about South Sudan’s governance. Juba has backtracked on its initial claims about a $3bn oil and infrastructure deal that would have replaced the previously announced Petronas-Savannah deal, but investors are likely to be ever more nervous, writes James Gavin.

Ghana’s improving economic indicators have provided some much-needed relief for the embattled New Patriotic Party (NPP) government, which is now at the tail-end of President Nana Addo Dankwa Akufo-Addo’s constitutionally allowed two terms.

Former Lundin Energy executives denied charges of any complicity in Sudanese atrocities as their trial opened in early September, with hearings in the Stockholm District Court that fit into a growing trend for prosecutors to target companies and senior personnel for war crimes and similar outrages, no matter when they were committed, writes Chris Stephen in Stockholm.

President Bola Ahmed Tinubu has named Olayemi Cardoso to head the Central Bank of Nigeria (CBN). Cardoso was Lagos state’s economic planning and budget commissioner from 1999 until 2005, when Tinubu was governor. He is the latest member of that team to be appointed to high office. Cardaso fills the vacancy left by Godwin Emefiele’s suspension and arrest in June, as the ex-governor was closely linked to disastrous policies enacted by outgoing president Muhammadu Buhari’s government.

The long-awaited signing of the Simandou iron ore development infrastructure agreement is a watershed moment for Conakry, which has also set in motion ambitious plans for domestic alumina processing. Both industries will require significant investment in gigawatts of energy and power capacity, write Marc Howard and a Special Correspondent in Conakry.

Zimbabwe’s President Emmerson Mnangagwa has been sworn in for a second five-year term after an election widely condemned as flawed. The fallout could stifle efforts to put the economy back on track and undermine his plans to reengage with the world, writes Nicholas Makombe.