African News

OPIC commits $10m to fund off-grid solar kits in Chad

Mar 11, 2019

The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has committed $10 million to support the introduction of off-grid solar kits and appliances in Chad. OPIC’s loan will help FinLux Ellen Sarl distribute solar kits and appliances to individuals, schools, health clinics and small businesses in Chad, providing them with an affordable…

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Planes operating from Nairobi’s JKIA seek fuel in neighbour airports

Mar 11, 2019

Airlines operating from the Jomo Kenyatta International Airport (JKIA) in Nairobi were Thursday forced to divert to regional airports for fuelling as stocks of the commodity neared depletion. The fuel shortage, which is expected to persist till Sunday, has been blamed on inadequate orders by oil marketing companies that sell directly to airlines. In an…

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Congo lost $617m dispute before approving oil deal

Mar 9, 2019

An international court ordered the Democratic Republic of Congo to pay DIG Oil Ltd. of South Africa $617 million for failing to honor two oil contracts, weeks before outgoing President Joseph Kabila finally approved one of the deals. The previously undisclosed ruling is the latest twist in an 11-year dispute over concessions in the central…

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ADES, Vantage JV secures deepwater drilling contract in Egypt

Mar 8, 2019

ADES International Holding PLC (“ADES” or the “Company”), a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has entered, through its subsidiary ADES S.A.E., into a short-term exploration contract with Dana Gas for deepwater drilling services in the Egyptian Mediterranean…

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World Bank provides $150m fund to increase access to electricity in Madagascar

Mar 8, 2019

Today, the World Bank’s Board of Directors approved a $150 million International Development Association (IDA) credit to provide improved access to electricity services for households, enterprises, and health facilities in Madagascar. Today, with an electrification rate of only 15%, roughly four fifths of Madagascar remain ‘in the dark’, shutting out large parts of the population…

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Renewable energy on the rise in Southern Africa – SACREEE/UNIDO

Mar 8, 2019

The Southern African Development Community (SADC) region is seeing a significant increase in the number and quality of its renewable energy and energy efficiency policies, according to a new status report launched at a special side event of the 11th Africa Energy Indaba. The report was prepared by the Namibia-hosted SADC Centre for Renewable Energy and Energy Efficiency…

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East Africa focused Wentworth Resources provides operational and commercial update.

Mar 8, 2019

Wentworth, the AIM (AIM: WEN) listed independent, East Africa-focused oil & gas company, is today providing an update to shareholders. Mnazi Bay Operations  As part of the scheduled maintenance program of the Operator, a slick-line campaign is planned to commence towards the end of March 2019.  It will include opening the sliding-sleeves of various well…

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NOIC storage facilities construction in Zimbabwe gathers pace

Mar 8, 2019

THE National Oil and Infrastructure Company of Zimbabwe (Noic) has made significant progress on the completion of several fuel storage depots across the country, as the State-owned enterprise moves to increase the country’s storage capacity of petroleum products. This was said by acting chief executive officer Wilfred Matukeni in an interview with The Herald Business.…

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DEA extends oil concessons in Egypt

Mar 8, 2019

DEA has extended its concessions for the Ras Budran and Zeit Bay oil fields in the Gulf of Suez. At a formal ceremony event, witnessed by H.E. Eng. Tarek El-Molla the Egyptian Minister of Petroleum and Mineral Resources, DEA’s General Manager Sameh Sabry signed the new concession agreement. The new agreement extends the concession for…

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Seaways takes delivery of two Damen crew suppliers for West Africa job

Mar 8, 2019

On March 4th at Damen Shipyards Singapore, Seaways International took delivery of two Damen Fast Crew Suppliers (FCS) 2206. The Dubai-headquartered company has previously operated a Damen FCS 3307. Seaways International specialises in offshore marine services and will use the new vessels to transport crew to offshore energy locations in West Africa. Damen signed the…

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