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Issue 341 - 02 March 2017

Soma director named Somali PM

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Soma Oil & Gas executive director for Africa Hassan Khaire has been named as prime minister in the government of new Somali president Mohamed Abdullahi Mohamed. Soma said Khaire had resigned from the board and relinquished all his shares in the company. Khaire, 46, had worked with Soma since the company was founded in 2013, and before that as director for the Norwegian Refugee Council for Somalia and East Africa, having come to Norway in the late 1980s as a refugee.

Somalia
Free

French consultancy Sofreco has a new technical assistance contract to support the energy agency of the three-nation Great Lakes Economic Community (CEPGL), Energie des Grands Lacs. The 2015-16 contract is intended to build institutional, technical, human and other capacity; update the Regional Energy Master Plan; harmonise norms and standards, and environmental assessment practices; adopt funding, implementation and monitoring procedures for studies and projects; and consolidate the information and communication system.

Issue 405 - 05 December 2019

Tunisia: New boss for Steg ER

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In a continuing reshuffle of parastatal heads and other senior posts by the outgoing prime minister, Youssef Chahed, his Tahya Tounès party ally Leila Ouled Ali Bahri is to become head of Steg Energies Renouvelables (ER), the renewables affiliate of state utility Société Tunisienne de l’Electricité et du Gaz. Created in 2010 to promote solar projects, Steg ER has public and a few private sector shareholders, not all of whom are said to be happy with Chahed’s last-minute ‘political’ appointment.

Tunisia
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The UK’s Serious Fraud Office (SFO) has begun investigations into Rolls-Royce’s operations in Nigeria, following accusations that the London Stock Exchange-listed engineering group filtered payments through intermediaries such as Unaoil to win deals in Indonesia, China, India and Brazil. As with previous investigations, the deals under scrutiny were transacted by Rolls-Royce’s previous management, headed by Sir John Rose. The Times newspaper reported on 20 May that the Nigerian deals involved Rolls-Royce’s alleged use of an intermediary company, PSL Engineering and Control, to influence the sale of gas turbines.

Nigeria
Issue 254 - 16 May 2013

Equatorial Guinea: Libel ruling

Free

A French court in late April ruled that NGO the Catholic Committee Against Hunger and for Development did not libel President Teodoro Obiang Nguema in a 2009 report. The report, entitled ‘Biens mal acquis, à qui profite le crime?’ said that Obiang and ten family members had laundered about $26.5m in property deals via an account at Santander bank Madrid between 2000 and 2003. The latest court ruling follows a lower court decision that the report’s allegations were covered by the right to free speech.

Equatorial Guinea
Issue 265 - 11 November 2013

Weatherford: $250m settlement

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Oil services company Weatherford International said on 4 November that it hoped to finalise a settlement for some $250m with the US government for violations of the US Foreign Corrupt Practices Act and the Iraq oil-for-food programme, and trading with sanctioned countries. The sanction settlement alone is expected to cost $100m, and Weatherford is awaiting approval from the US Securities and Exchange Commission. Weatherford first disclosed an overseas bribery investigation in 2007. The investigation later expanded to include potential violations of the Iraq oil-for-food programme and possible illegal trade with Cuba, Iran, Sudan and Syria.

Subscriber

President Filipe Nyusi has been working to raise Mozambique’s attractiveness to investors during a period when growth rates have dipped, and currency and political risks have risen. Promising signs have included a welcome easing of visa procedures and a more sympathetic ear given to major investors. The macroeconomic picture is improving: growth, which halved from its strong performance of recent years to 3.5% in 2016, will rise to 4.5% in 2017, with further improvement after that, Electricidade de Moçambique (EDM) chairman and chief executive Mateus Magala told the Africa Energy Forum (AEF) in Copenhagen.

Mozambique
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Wide-ranging reform of Angola’s power sector is making progress, but with the economy heavily dependent on oil revenues, investment plans could be significantly slowed. Angola-watchers suggest the effects on the domestic economy of sharply lower global oil prices, coupled with the continued uncertainty over veteran President José Eduardo dos Santos’ succession plans, may create a ‘perfect storm’ that could hasten the long-awaited regime change.

Angola
Subscriber

With the Programme for Infrastructure Development in Africa (Pida) framework endorsed by African leaders in 2012 returning the development focus to big dams, there is an increasing amount of research into how climate change may affect future water supply. Pida includes a Priority Action Plan which calls for an expansion of hydroelectric power generation capacity by more than 54GW. The listed priority projects, currently being designed on the basis of the historical climate, will jump to the head of the queue for donor funds and government approvals.

Subscriber

The trial at the International Criminal Court (ICC) of Kenyan deputy president William Ruto was adjourned for a week on 23 September after Ruto asked for a suspension to enable him to return to Nairobi to handle the aftermath of an attack on the city’s Westgate shopping mall. Ruto went on trial on 10 September along with radio presenter Joshua arap Sang, charged with crimes against humanity in relation to their alleged role in co-ordinating the violence that swept Kenya in the aftermath of the country’s contested 2007 elections.

Kenya
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US developer Symbion Power Tanzania Ltd on 13 March filed a request for arbitration at the International Chamber of Commerce (ICC) in Paris claiming breach of contract due to non-payment by Tanzania Electricity Supply Corporation (Tanesco) for power from the 126MW Ubungo plant (AE 331/1). Symbion says Tanesco has refused to pay for its power since the contract was agreed, claiming variously that the power purchase agreement (PPA) had been “put on hold”, never been signed or, later, that it had been rescinded.

Tanzania
Issue 309 - 08 October 2015

Algeria: Saipem case advances

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An Italian court will try six defendants in December on charges related to Saipem’s payment of €198m in bribes to secure approximately €8bn worth of contacts in Algeria. The most significant among the accused is the alleged go-between in the affair, Farid Bedjaoui, for whom Interpol has issued a red notice saying that he is wanted for “criminal associations leading to corruption”. He will be tried in absentia with two other Algerians. Three Italian senior Saipem executives will be in the dock, but the company’s country manager at the time will not, as he has struck a deal with prosecutors.

Algeria
Subscriber

London-based Independent Resources, which has assets in Tunisia and Egypt, has brought in three directors from ambitious Morocco player Sound Energy and plans to change its name to Echo Energy. Continental Investment Partners, which also has 10% in Sound, has taken a 29.9% share via its associate Greenberry plc. Sound chief executive James Parsons will join the company as non-executive chairman, while two other Sound directors, Marco Fumagalli and Stephen Whyte, will also join the board.

Subscriber

French investigators on 25 April charged industrialist Vincent Bolloré and two colleagues as part of an investigation into suspected bribery of foreign officials in Guinea and Togo. Prosecutors are investigating whether Bolloré’s Havas communications business helped African leaders win power in return for contracts for Bolloré Group to operate ports. Bolloré Group said in a statement that a subsidiary was under investigation “regarding the payment of provisions for communication services in Guinea and Togo that were provided in 2009 and 2010”.

Issue 332 - 18 October 2016

Chad: Doba consortium fined $76bn

Subscriber

A court in N’djamena has fined the ExxonMobil-led consortium producing oil from the Doba Basin $76bn in a dispute about royalties. Exxon said it disagreed with the court’s ruling and was “evaluating next steps”. It said the dispute was over “commitments made by the government to the consortium, not the government’s ability to impose taxes”. The court awarded the finance ministry CFA483.6bn in damages, plus a penalty of CFA44,294bn. The consortium has lodged an appeal in N’djamena as well as a case at the International Court of Arbitration in Paris.

Chad