African News

Soco completes Merlon Petroleum El Fayum acquisition

Apr 7, 2019

Further to the Company’s announcement on 29 March 2019, SOCO is pleased to announce the completion of the acquisition of Merlon Petroleum El Fayum Company (“Merlon“) from Merlon International LLC (the “Seller”) (the “Transaction”). As previously announced, SOCO agreed to acquire Merlon in consideration for approximately US$136 million in cash and the issue of 65,561,041…

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Zimbabwe’s Govt speaks on fuel situation

Apr 7, 2019

Energy and Power Development Minister Dr Joram Gumbo yesterday said he has engaged Finance and Economic Development Minister Professor Mthuli Ncube to facilitate for the importation of fuel by mining companies to ease the demand for foreign currency on the Reserve Bank of Zimbabwe (RBZ). Minister Gumbo said current hitches in the fuel supply situation…

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Gambia sees fuel prices increase

Apr 7, 2019

The pump price of Petrol and Diesel have increased twice since the beginning of 2019. This was confirmed upon visiting three different petrol stations within the Kanifing Municipality by this reporter. Drivers has raised concerns on the increase and noted that the prices have been increasing since last year and that it does not commensurate…

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Solar Aid implements solar powered lights in Malawi village

Apr 6, 2019

People of Mandevu Village in Traditional Authority Mwase in Kasungu will have the chance of using cheap solar powered lighting with support from Sunny Money Project. The project, implemented by Solar Aid from United Kingdom, is aimed at eliminating poverty, illiteracy and combating climate change in the country. About 200 households are expected to benefit…

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Sierra Leone’s SLEWRC holds meeting with stakeholders over draft electricity regulations

Apr 6, 2019

Sierra Leone Electricity and Water Regulatory Commission (SLEWRC), in collaboration with the Millennium Challenge Coordinating Unit (MCCU), yesterday (Tuesday 2nd April), held a consultative meeting with key stakeholders on the draft electricity and water regulations, with the theme “Effective regulation for improved electricity and water services.” The meeting was hosted at the Stadium hostels hall,…

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GET FiT Zambia awards six solar PV projects

Apr 6, 2019

Get Fit Zambia, which was designed to assist the Zambian government in the implementation of its Refit Strategy, on Friday announced that six solar photovoltaic (PV) independent power producer (IPP) projects, totalling 120 MW, have been awarded. Get Fit Zambia aims to procure 200 MW of renewable energy projects within the next three years. Of…

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Siemens launches FABRIC project to help develop intelligent water infrastructure & sustainable energy solutions in Ghana

Apr 6, 2019

Siemens (www.Siemens.com) launched an extraordinary data visualization project called FABRIC at the German Africa Business Summit in Accra, demonstrating how crucial data is in transforming Africa’s urban centers into smart cities of the future. This interactive initiative previously launched in South Africa, Nigeria and Kenya showcases African ecosystems and how by understanding data patterns, we…

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Kenya-Somalia oil/maritime tensions thaw as envoys due to return to stations

Apr 6, 2019

Kenya and Somalia are set to normalise diplomatic relations after nearly two months of diplomatic tensions over a maritime border dispute. Foreign Ministers of both countries expressed “a strong desire to normalise relations,” with an agreement to allow their respective ambassadors return to their diplomatic postings in Nairobi and Mogadishu following a meeting in Nairobi…

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Cameroon seeks consultants to help develop electricity distribution master plan

Apr 6, 2019

A call for expressions of interest has been announced to pre-qualify a consulting firm that will be responsible for the development of a study to optimise the evacuation of electricity generating facilities in the framework of the Master Plan Production Transport Distribution of Electricity. The services consist of the production of the preliminary design (APS),…

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OPEC lauds Nigeria, 8 African nations for helping to stabilize oil market

Apr 6, 2019

The Organisation of Petroleum Exporting Countries (OPEC) has said that more than one-third of the 24 countries currently working together under a negotiated framework to cut down oil outputs and inventories, to stabilise prices in the global market were from Africa. It explained that these countries included Algeria; Angola; the Republic of the Congo; Equatorial…

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