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While North Africa’s popular revolutions focus the world’s attention on too long silent majorities’ demands for a political voice and good governance, conflicts and crises that beset many sub-Saharan polities fester away from the global media’s prying eyes. Chronically unstable these regions might be, but investors keen to book new oil reserves and other resources often overlook political realities, adding to a volatile mix

Cameroon | Nigeria
Free

Questions of greater social equity and sustainable development, more stringent governance and controls over globalisation widely discussed in a world looking to emerge from coronavirus are all ideas that President John Magufuli has worked into Tanzania’s policy mix since taking office in November 2015. Magufuli has built up popular support with his assaults on international capital, donor interference and even Beijing and the burden of Chinese debt. However, Tanzania’s experience suggests that good ideas do not make for good policy if they are wrongly implemented.

Tanzania
Free

Eni, ExxonMobil, Total and Statoil have all applied for blocks offshore Cyprus after Eni’s Zohr discovery opened a new play in the eastern Mediterranean. The Ministry of Energy, Commerce, Industry and Tourism said that it had received an application from Eni and Total with Eni as operator for Block 6. For Block 8, the ministry received applications from Eni, and from a consortium of Cairn Energy’s Capricorn Oil with Delek Drilling and Avner Oil Exploration.

Free

For a candidate who promised to “drain the swamp” and represent communities ground down by the depredations of big business, President-elect Donald Trump has done a good job of placing those he attacked before his election into positions of power. Investment bank Goldman Sachs has three former and current executives in key positions. Big Oil is represented not only by climate change sceptics, but in ExxonMobil chief executive Rex Tillerson it has one of its genuine stars at the helm of US foreign policy.

Issue 224 - 02 February 2012

Donors fund small hydro

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Dutch development finance institution FMO has arranged a $24m senior loan for the financing of a 14MW run-of-the-river hydropower project at Kilembe Donors fund small hydro

Uganda
Free

General Electric (GE) announced on 24 February that it has signed a fast-tracked seven-month turnkey agreement to supply equipment and services including two 9E.03 gas turbines and electrical balance of plant for national utility Société Tunisienne de l’Electricité et du Gas’ project to add 250MW to its Bouchemma power plant. The deal includes a two-year contractual services agreement with a possible ten-year extension. A gas power plant using GE turbines has been operating at the coastal site in Bouchemma since the 1990s. It is hoped that the additional capacity will help keep the lights on at tourist resorts during the summer. GE has 15 turbines at seven plants in Tunisia with combined capacity of more than 1.8GW.

Tunisia
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London-based offshore Block 2B operator Thombo Petroleum Ltd has awarded a 3D seismic acquisition and processing contract to WesternGeco, covering 686km2 of the A‐J1 graben off South Africa’s west coast.

South Africa
Free

State utility company Office National de l’Electricité has lined up a E50m ($67.6m) buyer credit to support the construction of a 72MW power plant in the Agadir region to be built by Man Diesel & Turbo.

Morocco
Issue 271 - 14 February 2014

Kenya: Ormat adds new Olkaria capacity

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Ormat Technologies has completed plant 3 in the Olkaria III geothermal power plant complex, bringing total generation capacity to 110MW. The power generated by the Olkaria III complex in the Hells Gate national park near Naivasha is sold under a 20-year power purchase agreement with Kenya Power. The new capacity will enable Kenya to decommission its remaining 30MW of costly rental power. Olkaria III was financed with a $310m debt facility from the Overseas Private Investment Corporation.

Kenya
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Operator CNOOC has made a gas and oil discovery with the E-1 exploration well on the Elephant prospect in the Haute Mer A licence area. Partner Oryx Petroleum said the discovery would be tested in early 2014 as part of a multi-well drilling and testing programme on the block. “Reservoir quality, crude quality and viscosity appear to be better than originally anticipated while the areal extent of the reservoir appears to be slightly smaller than expected,” said Oryx chief operating officer Henry Legarre. “Although subject to testing, the discovery gives us confidence that there is further upside potential and opportunity to expand the prospect inventory in the licence area.”

Congo Brazzaville
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The Agence Française de Développement and the Kenyan and French governments signed a financing agreement worth €33m ($37m) on 1 August to support renewable energy powered mini grids. The project is expected to introduce 9.6MW of solar photovoltaic capacity and 0.6MW of wind generation to power 23 mini grids which currently rely on diesel generators. Kenya Power will be responsible for the project, which is expected to reduce the cost of power on the grids by an average of 20%.

Kenya
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The World Bank Group’s Multilateral Investment Guarantee Agency (Miga) on 29 March approved guarantees worth €698.9m ($783.2m) covering commercial loans to Eskom to fund transmission infrastructure improvements. The guarantees cover the risk of the government failing to honour its financial obligations to the utility for up to 15 years for commercial loans worth €470m from Deutsche Bank and Mizuho Bank. Eskom chief executive Brian Molefe said: “Miga’s credit enhancement has allowed us to secure Euro-denominated funding for longer tenors and on more favourable terms for South Africa.”

South Africa
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The US Millennium Challenge Corporation (MCC) has approved five-year compact agreements with Benin and Liberia, worth $375m and $257m respectively, and a $44.4m threshold agreement with Sierra Leone. The grant packages are intended to develop infrastructure in the three countries, with a focus on electricity in line with the MCC’s intention to invest $2bn in support of the Power Africa initiative. Liberia’s compact agreement was signed with the MCC on 2 October but required ratification by the country’s House of Representatives and Senate before it could be passed into law.

Benin | Sierra Leone | Liberia
Issue 377 - 28 September 2018

New Age: New chairman

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New Age (African Global Energy) has named Timothy Summers as non-executive chairman with effect from 1 September 2018. Summers, a former senior BP executive and board chair of the TNK-BP joint venture, replaces New Age founder Steve Lowden, who stepped down at the end of August. Lowden became non-executive chairman in June 2017, when the roles of chairman and chief executive were separated.

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A new company specialising in acreage in aspiring independent states has teamed up with a firm owned by a Puntland presidential candidate to explore a block offshore Somalia, writes William Macpherson. Belize-registered Kilimanjaro Capital has announced a farm-in agreement with Amsas Consulting, owned by Puntland 2014 presidential election candidate Dr Ali Abdullahi, for the Amsas-Coriole-Afgoye Block, which is presently under force majeure. Kilimanjaro will obtain a 5% non-working interest in the block,

Somalia