Eugene Obiero

Eugene Obiero is the founder of The Africa Resources Post and its predecessor The East African Energy Blog. Eugene has been writing and blogging on energy and extractives in Africa since June 2012. He is based in Nairobi, Kenya and works for Camco Clean Energy (http://www.camcocleanenergy.com/ ) as Senior Manager Africa Projects. He specializes in market entry strategy, research, financial advisory and project management. Eugene has an MBA from The Warwick Business School, University of Warwick (UK).

The posts on this blogsite are Eugene's and do not necessary reflect the thinking of his employer, Camco Clean Energy.

Guinea losing patience with Rio Tinto

Guinea losing patience with Rio Tinto

Guinea is stuck in a painful marriage with Rio Tinto Group. Business Day reports that the West African nation is unhappy that Rio is taking so long to develop Simandou, the world’s largest untapped iron-ore deposit. But with a $20bn bill and prices near a seven-year low making major companies rein in spending, it is difficult […]

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Tanzania gas pipeline launched

By on October 28, 2015 in Infrastructure, Midstream, Oil & Gas with 0 Comments
Tanzania gas pipeline launched

Tanzania has initiated a US$1.33bn project to pipe natural gas to its commercial capital, Dar es Salaam, and help relieve chronic power shortages in the city, reports Reuters Africa. The 532km Mtwara-Dar es Salaam pipeline and gas processing plants, largely financed by a Chinese loan, is part of a plan to add about 2,000 megawatts […]

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Nigeria oil JVs to control budgets

Nigeria oil JVs to control budgets

Nigerian President Muhammadu Buhari has taken his first steps towards overhauling the troubled state oil firm by giving its exploration joint ventures control over their own budgets as a way to overcome chronic cash shortages, reports Reuters Africa. Corruption and mismanagement at the Nigerian National Petroleum Corporation have hampered an industry that provides 70 percent […]

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Former Nigeria oil minister arrested

By on October 26, 2015 in Civil Society, Politics, Topical Issues with 0 Comments
Former Nigeria oil minister arrested

Nigeria has confirmed the arrest in London of former oil minister Diezani Alison-Madueke on suspicion of bribery and money laundering. ‘Nigeria is aware of the arrest of the former petroleum minister in London on money laundering charges,’ presidential spokesman Garba Shehu is quoted in Yahoo News report as saying. ‘The government has been informed and […]

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The African Development Bank (AfDB) to focus on Power

By on September 17, 2015 in Access to Energy, Development, Power with 0 Comments
The African Development Bank (AfDB) to focus on Power

The African Development Bank (AfDB) will focus in coming years on tackling Africa’s chronic power shortages to try to unlock its economic potential and end its vulnerability to fluctuations in commodity prices, its new president is quoted in a Reuters Africa report as saying. Though it boasts nearly a billion people, sub-Saharan Africa consumes about […]

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Angola to end to fuel subsidies

By on May 26, 2015 in Downstream, Oil & Gas with 0 Comments
Angola to end to fuel subsidies

Angola will end petrol subsidies and increase the price of other fuels, the finance ministry said, after last year’s plunge in global oil prices hammered the finances of Africa’s second largest crude exporter. Reuters Africa reports that Angola imports most of its fuel due to insufficient refining capacity and it spent around 4% of its […]

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Kenya Power gets Loan from UBA Bank

By on May 25, 2015 in Distribution, Power with 0 Comments
Kenya Power gets Loan from UBA Bank

The United Bank of Africa (UBA) has, given Kenya Power Company a US$10m loan facility to upgrade its infrastructure to distribute 5,000mw by 2017, which is expected to boost the capacity of the power company’s transmission lines. Star Africa reports that the facility was part of a syndicated loan from a number of lenders to finance […]

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Tanzania – Loan to boost country’s small-scale mining sector

By on May 22, 2015 in Mining with 0 Comments
Tanzania – Loan to boost country’s small-scale mining sector

The World Bank has approved a US$45m loan for Tanzania, Africa’s fourth-biggest gold producer, to help improve its mining sector especially among small-scale producers. Reuters Africa reports that according to Philippe Dongier, the bank’s country director for Tanzania, the funds will help to create a viable domestic mining industry in poor, rural areas where unregulated artisanal […]

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Côte d’Ivoire and Ghana talks on maritime border dispute continue

Côte d’Ivoire and Ghana talks on maritime border dispute continue

The presidents of Côte d’Ivoire and Ghana have held talks in Geneva on a maritime border dispute that has frozen new oil drilling in a contested area, a spokesperson for mediator Kofi Annan said in a Reuters report. An international tribunal ruled last month that Ghana could continue developing a $4.9bn offshore oil project in […]

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Private Investment Key for Power Generation

By on May 18, 2015 in Power with 0 Comments
Private Investment Key for Power Generation

Private investment and technological advances are key to boosting power generation in Africa where an estimated 600m people lack access to electricity. Bloomberg reports that this is according to Amos Hochstein, special envoy and coordinator for international energy affairs at the US State Department who said: ‘There is not enough money in any government to […]

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