Oke Peter with Agency Report Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the Federal Government said in a London lawsuit that it believed a handful of executives, including Chief Executive Officers, were tied to more than $1bn in bribery payments. The Federal Government had in…
Nigeria is set to receive US $21m from the United Kingdom and Africa Enterprise Challenge Fund (AECF) to support the deployment of solar generated electricity small businesses in the country. The funds will provide a mix of interest free loans and repayable grants and technical assistance to private sector operators in the solar business. It…
The agreement is the second EPSA signed since South Sudan gained independence in 2012 and shows progress for the country’s oil industry as production resumes at existing oilfields and new exploration begins. According to the ESI Africa, the deal will see Block B2 operated by state-owned Strategic Fuel Fund (SFF), the Ministry of Petroleum and…
The Nigeria Employers’ Consultative Association (NECA), has joined the Global Dialogue Forum on Decent Work in the management of electrical and electronic waste (e-waste), which took place in Geneva recently, as part of ILO Centenary celebrations. According to NECA, Nigeria’s representative at the forum, the discussion focused on current and emerging issues as well as…
An investment fund focused on the development of renewable energy projects in sub-Saharan Africa, Frontier Energy II, has achieved final close at $227 million. The capital raised so far has been mainly invested in East Africa, but the fund is expected to increase its investments into other countries in sub-Saharan Africa in the medium term….
By Oke Peter The organiser of the forthcoming Africa Energy Forum (AEF), EnergyNet Limited has teamed with KOHLER, principal partner of Manchester United, and Clarke Energy, a KOHLER company, to raise £50,000 for victims of Cyclone Idai, one of the worst storms on record to ever hit the African continent. The ‘Africa Challenge Cup’ football…
By Tsvetana Paraskova The world’s largest sovereign wealth fund—Norway’s US$1-trillion fund that has amassed its wealth from oil. The country earned US$84 billion in Q1 in the “strongest quarter ever”, boosted by technology and oil and gas stocks. The Government Pension Fund Global, as the so-called ‘oil fund’ is officially known, said in its Q1…
Rwanda has announced plans to establish a Centre for Nuclear Science and Technology (CNST) within the next five years. Robert Nyamvumba, the Energy Division Manager at the Ministry, revealed the reports and said the government is in talks with Russia’s State Atomic Energy Corporation (ROSATOM) on the development process. Construction Review has reported. “Rwanda envisions…
Penny Herbst is the Strategy Director at Africa GreenCo. She is also a moderator of a session on financing renewable projects, during the Energy Revolution Africa conference session at the forthcoming African Utility Week and POWERGEN Africa in Cape Town in May. In this exclusive interview, she speaks on challenges of power finance. Excerpts Eskom’s…
The Dutch reign as a pivotal European gas supplier is officially over, as supply from the Groningen gas field declines. The Netherlands is now officially a net gas importer, as dwindling domestic gas output means it is no longer a key European supplier. As a result, the country has nearly tripled LNG imports into its…
