Energy | - Part 3

AfDB funds USD 70.5 million for Tanzania’s power sector reform and governance support programme

Dar Es Salaam, Tanzania (Capital Markets in Africa):– Power sector reform and a governance support programme are central to the African Development’s actions to accompany Tanzania’s economic growth. It is in line with this, that the Permanent Secretary in the Ministry of Finance of the United Republic of Tanzania, Servacius Likwelile and the African Development Bank’s Vice-President, in charge of Agriculture, Water, Human Development, Governance and Natural Resources, Aly Abou-Sabaa signed a USD 70.5 million loan accord…

South Africa’s SacOil exits Nigeria JV on weaker oil prices

Posted on by The Editorial Team

Johannesburg, South Africa (Capital Markets in Africa) :- South Africa’s SacOil Holdings has ended its joint venture with Nigeria’s Nigdel United Oil Company and abandoned its oil licence in that country as softer oil prices forced the firm to cut costs. Global oil prices have dropped by about 40 percent over the last year on oversupply concerns, forcing many companies to avoid risky exploration. Some oil companies are also forming alliances to ride out the…

SA Mining urgently needs Investor-Friendly Guarantees Framework

Posted on by The Editorial Team

Cape Town, 11 February 2015: The positive message delivered by Mineral Resources Minister Ngoako Ramatlhodi to delegates at the Mining Indaba on Tuesday morning serves as a timeous reassurance to investors, but must urgently be followed by concrete interventions to provide guarantees that their investments will be safe and free from excessive interference into the future, says John Orford, Senior Portfolio Manager for Old Mutual Investment Group’s MacroSolutions boutique. In addition, investors will need to…

DAVOS: Energy high on the agenda of African policy makers

Posted on by The Editorial Team

The world economic forum is creating a working group of African leaders to build political momentum for a sustainable energy transition in Africa. Members of the group –to be known as AFRICAN ENERGY LEADERS GROUP, will come together to share insights and to enhance the overall capacity to build public-private partnerships, leverage political support and mobilize funds for sustainable energy and development initiatives on the continent.The Group noted at the inaugural Press Conference, the importance of…

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