African News

EITI unhappy with Ghana’s oil, mineral resources management transparency

Mar 25, 2019

Ghana’s inability to publish an audited report on its extractive sector has angered an International body established to promote accountable management of oil, gas and other mineral resources. Guided by the belief that a country’s natural resources belong to its citizens, the International body, the Extractive Industries Transparency Initiative (EITI) standard requires the disclosure of…

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Power shortage looms for Zambia, Zimbabwe as Kariba Dam dries up due to drought

Mar 25, 2019

The Zambezi River Authority (ZRA), which manages the Kariba Dam on behalf of Zimbabwe and its northern neighbour Zambia, has warned of a serious electricity crisis as water levels in the man-made lake have gone down to 39 percent. ZRA reported Thursday, that water levels had gone down by seven centimeters mid March owing to…

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Aminex and ARA Petroleum Tanzania extend Ruvuma farm-out agreement

Mar 25, 2019

Aminex announces that all parties to the previously announced Ruvuma farm-out agreement have agreed to an extension to the longstop date to 31 July 2019. The Company and ARA Petroleum Tanzania Limited (“APT”) have made good progress on closing out the conditions precedent, including all joint venture partner approvals, and are actively engaged with the…

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Sound Energy reports increase in Tendrara TE-7 connected gas volume

Mar 25, 2019

Sound Energy, the Moroccan focused upstream gas company, has provided a further update on the TE-7 well reservoir pressure, following the latest retrieval of the pressure gauge data. The measured pressure data provides further information on the extent and quality of the reservoir at TE-7 and provides additional confidence for the development plan of the…

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Kibo Energy gives update on Benga coal power plant project, Mozambique

Mar 25, 2019

Kibo Energy PLC (“Kibo” or the “Company”), the multi-asset energy company, is pleased to provide an update on the Benga Power Plant Project in Mozambique (‘Benga’), further to the RNS published on January 30, 2019. Highlights · Definitive Feasibility Study (‘DFS’) completed ahead of schedule and final review in progress · Coal Purchase Agreements (‘CPA’)…

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Ghanaian Government aims at 100% power penetration – Minister

Mar 25, 2019

Minister of Energy, John Peter Amewu, says the government is aiming at 100 percent electricity penetration and to also ensure that there is affordability. Currently, about 83 percent of the population have access to power. He added that a lot would be needed to be done to achieve the goal of universal access. He was…

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Exxon, Algeria talks to tap shale gas falter over unrest

Mar 24, 2019

Talks between Exxon Mobil and Algeria to develop a natural gas field in the North African country have stalled because of domestic unrest, industry sources said. Irving, Texas-based Exxon entered talks with Algeria’s national oil company Sonatrach several months ago to develop a field in the southwestern Ahnet basin, the sources close to the discussions…

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Kuwait Fund finances power plant in Sudan

Mar 24, 2019

Sudan’s Ministry of Finance signed an agreement for financing of Al-Fula Power Station project in West Kordofan with The Kuwait Fund for Arab Economic Development (KFAED) in the amount of KD 25 million. The Minister of State for Finance, Mustafa Hawally , commended the support provided by the KFAED to Sudan and its financial and…

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Liberian government to train more rural women as solar energy technicians

Mar 24, 2019

The Government of Liberia, in partnership with the Barefoot College of India, is planning to open a Vocational Training Center at the Grand Bassa Community College, for the training of rural women in the use of solar energy. The Center, when established will train on an annual basis, twenty (20) women living in rural areas…

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SRK Consulting prepares screening tool for the Southern African Power Pool

Mar 24, 2019

South African mining consultancy SRK Consulting has compiled and Environmental and Social Management Framework (ESMF) that is being utilised to help increase the speed and efficiency in electricity projects across the region of Southern Africa. Specifically, the framework accelerates the screening process prior to commencing a project. Reports in recent years have indicated that Africa…

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