African News

Angola LNG resumes operations following ‘minor intervention’

Dec 19, 2018

Chevron-led Angola LNG project has resumed with the production of liquefied natural gas from its Soyo facility following a shutdown. Angola LNG spokeswoman said the shutdown took place due to a ‘minor intervention’, without providing further detail. No timeline was given for the loading of the next LNG cargo following the resumption of operations. Citing…

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OPEC lauds Angola reforms during landmark visit

Dec 19, 2018

Angola’s leadership is undertaking crucial tax and policy changes to diversify the economy while opening the oil sector to new investment; H.E. Mohammad Sanusi Barkindo visited Luanda for the first time as Secretary General of OPEC; Barkindo on Angola: “Right reforms at the right time” During his first visit to Angola as the head of…

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Libya’s NOC declares force majeure on El Sharara oilfield operations

Dec 19, 2018

Libya’s National Oil Company (NOC) declared force majeure on operations at El Sharara oil field, the company said in a statement late on Monday. Libya’s NOC said oil production from Libya’s biggest oilfield will only restart after “alternative security arrangements”, the statement added. Source: Hellenic Shipping News

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Empower women to help save Africa from climate change – AfDB, others

Dec 19, 2018

Africa must unlock the power of its women and girls if it is to adapt to climate change, cope with disasters and build its green energy sector. That is the message from African delegates as the world prepares to implement the Paris Agreement on climate change in Katowice, Poland, this week. Research shows that when…

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APPO secretary general to push for Africa-wide cooperation

Dec 19, 2018

The secretary general of the African Petroleum Producers Organisation (APPO) has called for action to reform Africa’s energy sector. APPO members will meet in Malabo, Equatorial Guinea for the Cape VII Exhibition and Conference from 1-5 April 2018. The new APPO reforms aim to increase the organisation’s influence on the international stage. The reforms will…

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Kenyan authorities allegedly harass opponents of coal plant

Dec 19, 2018

A new report says Kenyan authorities have harassed and abused environmental activists protesting the development of a new coal plant. The Human Rights Watch and National Coalition of Human Rights Defenders report, titled “They Just Want to Silence Us” details harassment and abuses against Kenyan environmental activists who have campaigned against a proposed coal plant…

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FMO, SYMBIOTICS and ZOLA Electric announce new $32.5m facility for ZOLA Tanzania’s expansion

Dec 19, 2018

ZOLA Electric, formerly Off Grid Electric; FMO, the Dutch entrepreneurial development bank; and Symbiotics, a leading investment firm specialized in emerging, sustainable and inclusive finance, today announced a USD 32.5 million facility to finance the growth of ZOLA’s Tanzania operations over the next 5 years. FMO is the lead arranger in the financing package that will grow…

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Solar firm D.light bags $41m to grow Africa business

Dec 19, 2018

Off-grid solar company d.light said today it has raised USD 41 million (EUR 36m) in equity funding from a group of investors led by Africa-focused investment advisory firm Inspired Evolution. D.light will use the fresh funds to grow its solar and Pay-Go consumer finance business in Africa, including expanding its product line and entering new…

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Ugandan government plans $5.7bn for electricity transmission and distribution

Dec 18, 2018

Ziria Tibalwa Waako, the Chief Executive Officer at the Electricity Regulatory Authority has told The Independent on the sidelines of a two-day symposium organised by ERA at Imperial Resort Beach Hotel on Dec.5- 7, that the government is considering the possibility of investing up to US$4bn (Shs14.8tn) in the electricity transmission network and up to…

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Actis acquires 88% of 100MW Kipeto wind power project in Kenya

Dec 18, 2018

Emerging Market Investor Actis has acquired 88 percent of Kipeto energy making it the largest shareholder of the 100MW wind power project. Actis acquired equity interest of International Finance Corporation (IFC) and African Infrastructure Investment Managers (AIIM). The project is now funded by equity from Actis (88 percent) and Kenyan company Craftskills Wind Energy International…

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