INTERNATIONAL

Germany Hosts Dialogue on Low-Carbon Hydrogen and Just Transition at the 6th Edition of the Nigeria International Energy Summit

The Embassy of the Federal Republic of Germany to Nigeria and the German-Nigerian Hydrogen Office, financed by the Federal Foreign Office and implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), today, 18th April, hosted an event titled “Low-Carbon Hydrogen: A Key Piece for a Just Transition” within the framework of the 6th Nigeria International […]

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African Energy Chamber Drives Intra-African Energy Investment in Lagos

“Neocolonial Oil Racket” in Kavango Basin is Not a Shakespearean Tragedy; It’s an Opportunity, and Namibia and Botswana are Right to Seize it

In August 2021, African Energy Chamber (www.EnergyChamber.org) Chairman NJ Ayuk wrote an op-ed about the promise of exploratory drilling by Reconnaissance Energy Africa Ltd. (“ReconAfrica”) in the Kavango Basin of northeast Namibia and northwest Botswana. This was about six months after the Canadian oil and gas company released preliminary data from exploratory wells confirming an

“Neocolonial Oil Racket” in Kavango Basin is Not a Shakespearean Tragedy; It’s an Opportunity, and Namibia and Botswana are Right to Seize it Read More »

AfDB

Evaluation of LMCP Shows Significant Positive Impact and Need for Productive Use of Electricity

An impact assessment of Phase 1 of the Last Mile Connectivity Project in Kenya has established a need for the African Development Bank (www.AfDB.org)-supported initiative to encourage the productive use of electricity by beneficiaries, in addition to basic household consumption. The study — Impact Evaluation of the AfDB-Supported Kenya Last Mile Connectivity Project, Phase 1

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Gabon’s Oil and Gas Industry: Exploring Opportunities in Mature Fields

Even among oil-rich nations, the extent to which hydrocarbons has fueled the Gabonese economy throughout its independent history is exceptional. Since production started in the 1950s, the majority of the country’s GDP has been derived from crude oil exports. However, after oil production peaked in 1996, Gabon’s future looked less certain, particularly following the price

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ICIEC Convenes High-Level Panel Discussions at Upcoming IsDB Group-annual meetings in Jeddah

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org), the Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is co-organising the IsDB Group Private Sector Forum as a side event at the 48thAnnual Meetings of the Board of Governors of the IsDB on 10-13 May 2023 in

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African Energy Chamber Drives Intra-African Energy Investment in Lagos

Petrosen E&P Director to Speak at Invest in African Energy Forum in Paris

The African Energy Chamber’s (www.EnergyChamber.org) Invest in African Energy Forum has seen a series of successful editions in London, Oslo, Frankfurt and Dubai, with the next edition set to take place on June 1 at the Westin Paris Vendome in France. During the event, Thierno Seydou LY, Director General of Senegal’s national oil company (NOC)

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NIGERIA: IMF downgrades 2023 growth projection, puts 2022 at 3.4 %

IMF Reaches Agreement on Review of Extended Credit Facility and Conducts Discussions on the 2023 Article IV Consultation with Zambia

IMF staff and the Zambian authorities have reached a staff-level agreement on economic policies to conclude the first review of the 38-month ECF-supported program. All structural benchmarks and quantitative performance criteria for the first review have been met; Zambia will have access to about US$188 million in financing once the review is approved by IMF

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$500m: SERAP asks World Bank to publish documents on funded electricity projects

ECONOMY: Growth slows in MENA economies amid food inflation

By Our Correspondent Economies in the Middle East and North Africa (MENA) are expected to grow at a slower pace in 2023, as double-digit food inflation adds pressure on poorer households and the impact of food insecurity can span generations, according to the World Bank’s latest economic update. Titled “Altered Destinies: The Long-Term Effects of

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$500m: SERAP asks World Bank to publish documents on funded electricity projects

World Bank Sees Africa’s Growth Low, advocates Resource Wealth for Sustainable Development, Transition to Low-Carbon

By Our Correspondent The World Bank said growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation, and a sharp deceleration of investment growth, a World Bank report said Wednesday. According to the bank, “In the face of dampened growth prospects and

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African energy businesses to pitch for millions in funding at Energy Investment Village

The Green Energy Africa Summit (GEAS) has announced the launch of the 2023 Energy Investment Village (EIV), an exciting deal-pitching event for African clean-tech start-ups and energy projects. The EIV is now open for entries from emerging African energy businesses and will culminate in a lion’s den-type pitching event during the GEAS in Cape Town

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