Six operators pre-qualified under Mozambique’s 6th Licensing Round


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Following the evaluation of pre-qualification documents from thirteen bidders, Mozambique has pre-qualified 12 companies under its ongoing 6th Licensing Round. Only Nigerian independent Aiteo Exploration & Production did not meet the requirements for pre-qualification. Pre-qualified operators include three Chinese national oil companies (NOCs): CNOOC, Sinopec International and PetroChina International. The three international oil companies (IOCs) […]

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Mozambique’s Balama graphite mine to rely on new hybrid solar/thermal power system


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Solarcentury Africa, part of the BB Energy Group, has just reached financial close on a 11.25 MWp solar PV plant and 8.5 MW/MWh battery energy storage system for Mozambique’s Balama graphite mine. The project is financed by CrossBoundary Energy and is expected to start operating at the end of Q1 2023. The Balama mine is […]

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EPC contract signed for Ethiopia’s first IPP


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The EPC contract for the Phase 1 (50 MW) of the Tulu Moye Geothermal Project in Oromia, Ethiopia, was signed yesterday with the consortium of Mitsubishi Corporation and SEPCOIII Electric Power construction Co. Construction is expected to start in September this year for a commissioning by December 2024. The project is led by Tulu Moye […]

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NOCs dominate list of bidders under Mozambique’s 6th Licensing Round


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Following the completion of the pre-qualification process for Mozambique’s 6th Licensing Round, a total of 13 companies have submitted documents. Interested bidders mostly include national oil companies, including CNOOC, Sinopec International, and PetroChina International (CNPC) of China, ONGC Videsh of India, Rosneft (RN Angoche) of Russia and QatarEnergy. The IOCs that already have blocks in […]

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Angola: Eni’s discovers at least 500m additional barrels at Ndungu field


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Eni has upgraded its field estimate at Ndungu on Block 15/06 offshore Angola at 800 million to 1 billion barrels of oil equivalent in place following the successful drilling of the Ndungu-2 appraisal well. The Ndungu-1 discovery well had been drilled in 2019 with original oil in place (OIIP) of 257m barrels according to Sonangol. […]

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Togo becomes first in Africa to be connected to Equinao subsea cable


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In collaboration with Google, Société d’Infrastructures Numériques (SIN) and CSquared, Togo became last week the first landing point of the Equiano subsea cable in Africa. President Faure Gnassingbé inaugurated it on Friday at the autonomous port of Lomé. The cable is part of Google’s $1bn plan to build African digital capacity, and will also land […]

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Meet Azule Energy, Angola’s newest and biggest upstream player


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Following their announcement last year that they were in negotiations to combine their Angolan businesses, bp and Eni have officially signed an agreement to form a new 50/50 independent company in the country, Azule Energy. Azule Energy, a bp and Eni Company, combines both majors’ businesses in Angola with over 200,000 barrels of oil equivalent […]

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Gabon’s first mini gold refinery to start operations this year


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The Government of Gabon has signed convention agreements this week with Alpha Centauri Mining (ACM) to boost gold exploration, exploitation and refining in the country. The company is held by British and Emirati investors and entered Gabon in 2016. In September last year it produced about 100 kg of gold per month, according to its […]

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VAALCO Energy’s drilling campaign successfully delivers first well offshore Gabon


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VAALCO Energy has placed the Etame 8H-ST well on production at its Etame Marin offshore permit in Gabon. While the well had initial flow rates of about 5,000 barrels of oil per day (bopd), it was choked back to about 4,200 bopd for reservoir management purposes, the company said. Ongoing drilling campaign VAALCO embarked in […]

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Official: Shell discovers working petroleum system offshore Namibia


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After weeks of speculation, Namibia’s national oil company NAMCOR has confirmed that Shell made a light oil discovery at the Graff-1 well on the PEL-39 license in the Orange Basin. The block is operated by Shell with a 45% interest along with QatarEnergy (45%) and NAMCOR (10%). The Graff-1 deep-water well was drilled to a […]

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Burkina Faso: President Kabore ousted in a military coup


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After Mali and Guinea, Burkina Faso is yet another West African country that witnessed a military coup over the weekend. Confirming several rumous, the army had declared yesterday that it has ousted President Kabore. Citing the deterioration of the security situation, including the rising Islamist insurgency, the army has halso suspended the constitution, dissolved the […]

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Africa50 and India’s POWERGRID join hands for Kenya’s first independent power transmission project


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Pan-African infrastructure investment platform Africa50 and the Power Grid Corporation of India (POWERGRID) have signed a Joint Development Agreement (JDA) for the continued development of the Kenya Transmission Project. The 400 kV Lessos-Loosuk and 200 Kv Kisumu-Musaga transmissions lines are being developed in Western Kenya on a public-private partnership (PPP) basis. Africa50 and POWERGRID are […]

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Hive Hydrogen and Linde announce $4.6bn Green Ammonia Plant in South Africa


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Hive Hydrogen, Built Africa and Linde’s South African subsidiary Afrox have announced the establishment of a 780,000 ton/year Green Ammonia Plant at the Coega Special Economic Zone alongside the Port of Ngqura in South Africa. The $4.6bn project will be developed two phases and have its own dedicated power supply. The facility will use renewable […]

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UTM Offshore signs $2bn MoU with Afreximbank for Nigeria’s first FLNG project


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Nigerian marine and services group UTM Offshore and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) to raise $2 billion for the development of Nigeria’s first floating liquefied natural gas (FLNG) project. The MoU was signed yesterday in Abuja by Julius Rone, Group Managing Director/CEO of UTM Offshore and Dr. Benedict […]

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Ghana bets on higher oil revenues despite production decline over 2022-2025


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Ghana made its 2022 Budget Statement this week, forecasting an overall GDP growth of +5.8% next year on the back of higher industrial and mining output and stronger commodity prices. This is slightly under the IMF’s own forecast of +6.2% for Ghana in 2022. Without Pecan, oil production will keep declining But the country is […]

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African Development Bank signs off on 205 MW Sahofika hydropower scheme in Madagascar


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Yesterday, the African Development Bank (AfDB) signed two key agreements to further boost energy access in Madagascar. The contracts were signed by Rindra Hasimbelo Rabarinirinarison, Madagascar’s Minister of Economy and Finance, and Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth at the AfDB. The first one covers the $118m Power Transmission Network […]

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Hawilti releases Nigeria LPG Watch Q3 2021


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Hawilti has released today its Nigeria LPG Watch for Q3 2021. The report brings you the latest on market trends currently affecting Nigeria’s liquefied petroleum gas value-chain, from supply disruptions to prices fluctuations. After a record LPG supply into Nigeria in Q2 this year, Q3 witnessed more moderate deliveries as global supply chain disruptions affect […]

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AIIM closes $370m financing for IDEAS Managed Fund – plans to keep investing in renewable energy


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African Infrastructure Investment Managers (AIIM) has announced it has successfully completed a capital increase of ZAR 5.5 bn (about $370m) for its IDEAS Managed Fund (IDEAS) dedicated to infrastructure financing in the Southern African Development Community (SADC) region. “The new commitments were secured from 19 key South African institutional and pension fund investors, with two […]

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South32 exercises its pre-emptive rights in Mozambique’s leading aluminum smelter


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Mining and metals company South32 has announced it is exercising its pre-emptive rights to acquire Mitsubishi’s 25% shareholding in Mozal Aluminium, Mozambique’s largest industrial employer. Mitsubishi currently holds the 25% via MCA Metals Holding GmbH with the rest of the shares owned by South32 (47.1%), the Industrial Development Corporation (IDC) of South Africa (24%) and […]

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‘Hotel Rwanda’ hero sentenced to 25 years in prison by Rwandan court


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Unsurprisingly, Paul Rusesabagina was sentenced to 25 years in prison on Monday, September 20, by the Kigali Tribunal. On trial since February, the former manager of the Hôtel des Mille Collines, who became a fierce opponent of President Paul Kagame, was found guilty of supporting a “terrorist” group which “attacked people in their homes, in […]

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Guinea’s military junta refuses to bow to regional pressure


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On September 16th, ECOWAS took more severe sanctions against Colonel Mamady Doumbouya and his acolytes. Members of the putschist junta were thus prohibited from traveling and using their pecuniary property in banks. They were also ordered to organize presidential and legislative elections within 6 months, without the possibility of participating themselves. The demands were on […]

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How Obama’s backing for NBA Africa venture could boost basketball on the continent


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by John Nauright, Dean, Richard J. Bolte, Sr. School of Business, Mount St. Mary’s University, and Sarah Zipp, Lecturer, Faculty of Health Science and Sport, University of Stirling Former US president Barack Obama’s decision to invest in the National Basketball Association’s Africa venture reflects a lot about his past – his basketball playing youth and his African roots. It also […]

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A plant grown in Nigeria shows potential for epilepsy treatment


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by Moses B. Ekong, Senior Lecturer, The University of Uyo Epilepsy is a brain disorder that arises from imbalances of brain chemicals called neurotransmitters. This disorder manifests as recurring seizure, unconsciousness and momentary loss of memory. These events are frequent and unpredictable. This is because the brain cells called neurons either overwork or are unable to […]

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Why Edgar Lungu and his party lost Zambia’s 2021 elections


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by Chris Changwe Nshimbi, Director & Research Fellow, University of Pretoria Hakainde Hichilema’s election victory is the third time an opposition leader has unseated an incumbent president in Zambia since 1991. The victory bequeaths on the new president and his party, the United Party for National Development (UPND), the immense task of restoring the rule of law, fixing […]

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