Gas development boost in west Africa

Gas development boost in west Africa

Gas development boost in west Africa

Equatorial Guinea’s Ministry of Mines and Hydrocarbons has signed a memorandum of understanding (MoU) with the government of Burkina Faso, to supply the west African country with liquefied natural gas (LNG) and build critical infrastructure to import, store and transport gas. The initial three-year agreement compels both sides to negotiate and sign a LNG sales and purchase agreement and a…

Guinea mine embroiled in bribery scandal

Guinea mine embroiled in bribery scandal

Guinea mine embroiled in bribery scandal

The UK’s Serious Fraud Office has announced an investigation into “suspected corruption in relation to the conduct of business in Guinea by the Rio Tinto group, its employees and others associated with it”. Last year, global mining giant Rio Tinto had reported itself to the UK regulator after allegedly discovering payments of $10.5m to a contractor, relating to an iron ore project in…

UK government flags willingness to invest in Nigeria

UK government flags willingness to invest in Nigeria

UK government flags willingness to invest in Nigeria

The British government is reported to have expressed readiness to invest in pipeline infrastructure, renewable energy, gas and power of the Nigerian oil and gas industry. British High Commissioner, His Excellency Paul Arkwright, said the UK government has genuine investment interest in the downstream, midstream and upstream sectors, stressing that the British Department for International Trade is ready to liaise with the…

Drive continues to deliver low cost power across Africa

Drive continues to deliver low cost power across Africa

Drive continues to deliver low cost power across Africa

Developing reliable power supplies across the continent is a global priority and a critical necessity to ensure Africa can reach its economic and human potential, and technology can be used to create reliable, sustainable, localised and more efficient energy networks. That was the message from George Njenga, GM, Steam Power Systems for Sub Saharan Africa, which he delivered to delegates…

Lights go on in Burundi thanks to solar project

Lights go on in Burundi thanks to solar project

Lights go on in Burundi thanks to solar project

A new project has just delivered street lighting to downtown Bujumbura, extending commercial hours and personal safety. The switch-on is part of a deal between the capital of Burundi’s Mayor Freddy Mbonimpa and Gigawatt Global, a founding member of US Power Africa’s Beyond the Grid programme. Solar-powered ‘light islands’ began appearing in the heavily-trafficked central bus station and nearby marketplace.…

Mining sector climbing back to profit

Mining sector climbing back to profit

Mining sector climbing back to profit

The world’s giant mining houses are reversing their race to the bottom, according to PwC’s Mine 2017 report. The report shows the top 40 companies have bolstered balance sheets and a return to profitability in 2016. At the release of the 14th edition of PwC’s industry series, Michal Kotzé, energy, utilities and mining industry leader for PwC Africa, said: “The…

Call for private sector to invest in Africa’s power industry

Call for private sector to invest in Africa’s power industry

Call for private sector to invest in Africa’s power industry

A new World Bank report has called for increased private sector investment in Africa’s underdeveloped electricity transmission infrastructure, a vital ingredient for reaching Africa’s energy goals. The continent needs some $3.2bn to $4.3bn invested annually between now and 2040 if it is to bridge its power gap. The report warns that Africa lags the rest of the world in terms…

Power deal for Uganda and Sudan

Power deal for Uganda and Sudan

Power deal for Uganda and Sudan

Siemens has signed a memorandum of understanding (MoU) to work more closely with the African countries Uganda and Sudan in terms of power supply, industry, transport and healthcare. The African states signed the MoU at the World Economic Forum 2017 in the South African city of Durban. “Africa’s economies are gaining ground and can develop their full potential with the…

Chubb MENA makes four underwriting appointments

Chubb MENA makes four underwriting appointments

Chubb MENA makes four underwriting appointments

Chubb has made four appointments to its underwriting team in MENA, as it continues to build its insurance capabilities in the region. Adam Groves, currently senior underwriter, oil and energy for Chubb in MENA, has been promoted to the role of regional manager, oil and energy, MENA. He will continue to be based in Dubai, reporting to Mojgan Khoshabi, regional…

Oil price affecting political risk in key African states

Oil price affecting political risk in key African states

Oil price affecting political risk in key African states

Political events can have a significant influence on the price of oil, but the price of oil also has a strong influence on political events. In 2016, the latter was in full force, with enormous geopolitical consequences from the downturn in the price of oil, according to a new report from Marsh. Its 2017 Oil and Gas Risk Reward Index…

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