Policy

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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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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Stable regulatory environment needed for Kenyan gas

By on November 5, 2014 in Policy with 0 Comments
Stable regulatory environment needed for Kenyan gas

Kenya needs to focus on providing a competitive and stable fiscal environment to fully exploit its offshore gas industry and attract investors ahead of Mozambique and Tanzania, says an analyst with research and consulting firm GlobalData. Reece Straker, GlobalData’s upstream oil and gas analyst, says while Kenya lags behind Tanzania and Mozambique in terms of […]

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Regulatory uncertainty discouraging investment in mining

By on October 28, 2014 in Policy, Regulation with 0 Comments
Regulatory uncertainty discouraging investment in mining

Tanzania’s mining industry is currently facing several key challenges, including the need to attract investment for exploration in a difficult financial climate, compounded by regulatory uncertainty discouraging additional investment. A Mining Weekly report says director of law firm Norton Rose Fulbright Tanzania, Adam Lovett attributes these challenges to the risk associated with investment that cannot […]

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Chinese labour not wanted in Zimbabwe, minister warns

By on October 27, 2014 in Generation, Policy, Regulation with 0 Comments
Chinese labour not wanted in Zimbabwe, minister warns

Zimbabwe’s Energy Minister Dzikamai Mavhaire has warned a Chinese company which was handed a $1.5bn contract to boost electricity generation in the country against bringing labourers from Beijing. New Zimbabwe reports that Mavhaire was speaking at the conclusion of the deal with Chinese company Synohydro for the addition of two new units at the coal-fired […]

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Western companies playing catch up with China in Africa

By on October 23, 2014 in Policy with 0 Comments
Western companies playing catch up with China in Africa

Asked which foreign power was playing its cards best in Africa, CEOs of six companies with huge operations on the continent gave a unanimous answer, China, says a Financial Times report. ‘China is doing a fantastic job because they are coming with patient capital and (a) long-term vision,’ said Vimal Shah, CEO of Nairobi-based consumer […]

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IMF advises Kenya to go slow on Production Share agreements until Commercial viability is fully established

By on October 15, 2014 in Oil & Gas, Policy, Upstream with 0 Comments
IMF advises Kenya to go slow on Production Share agreements until Commercial viability is fully established

Crafting of the law to govern sharing of revenue from oil and gas mining should be delayed until the actual quantity of the resources is known. “The terms of sharing of revenues from natural resource exploitation between the central government and counties should be decided once the volume and expected time-span for the exploitation of […]

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To Boost Mining in Africa Stabilization Clauses in Contracts Needed

By on October 1, 2014 in Policy, Regulation with 0 Comments
To Boost Mining in Africa Stabilization Clauses in Contracts Needed

Australian miners and explorers wanting to increase their footprint in Africa’s resources riches have been encouraged to push increasingly for stabilisation clauses in all new contracts. This is according to DLA Piper head of mining Rob Edel, who spoke at the Paydirt 2014 Africa Down Under Conference recently. According to Edel, these clauses have become […]

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Mining law delay may cost Kenya major investment

By on July 31, 2014 in Mining, Policy, Regulation with 0 Comments
Mining law delay may cost Kenya major investment

Regulatory uncertainty, corruption and infrastructural deficiencies could cost Kenya billions of shillings in lost investment. Chris Bredenhann, PwC Africa Oil & Gas Advisory Leader, believes that delays in passing the Mining Bill, and the resulting regulatory uncertainty, could force investors to put their money elsewhere on the continent. He cited Nigeria’s example where delays cost […]

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New World Bank Project to support Kenya better & sustainabily manage its oil and gas development

By on July 30, 2014 in Oil & Gas, Policy, Regulation with 0 Comments
New World Bank Project to support Kenya better & sustainabily manage its oil and gas development

The World Bank’s Board of Executive Directors today approved US$50 million for the Government of Kenya to strengthen its capacity to manage the oil and gas sector and the distribution of its revenues to create sustainable growth across all areas of the country’s economy. With the recent discovery of oil, the International Development Association (IDA) […]

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