Topical Issues

These are issues that affect or which are impacted by energy and extractives

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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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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In the wake of oil price drop, capex needs a rethink

In the wake of oil price drop, capex needs a rethink

Oil and gas explorers have to rethink their capital expenditure (capex) budgets on exploration activity across the African continent in the wake of the significant drop in the global oil price, advisory firm PwC said. ‘Oil and gas explorers will be relooking at their budgets and deciding where to allocate their limited capital spend given […]

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Rio Tinto to reopen mine in Guinea after Ebola Epidemic eases

By on February 12, 2015 in HSSE, Iron Ore, Mining with 0 Comments
Rio Tinto to reopen mine in Guinea after Ebola Epidemic eases

Rio Tinto Group is preparing to restart work on developing the world’s largest untapped iron-ore resource after West Africa’s Ebola crisis curbed progress on the US$20bn project, reports Business Report. Rio now expects a feasibility study on the project in south-eastern Guinea to be completed this year and will resume construction projects stalled amid the […]

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International Development Association (IDA) for large-scale sustainable energy projects

By on January 19, 2015 in Development with 0 Comments
International Development Association (IDA) for large-scale sustainable energy projects

The World Bank’s Board of Executive Directors in November 2014 approved a US$20 million International Development Association (IDA) grant to help generate investment in large-scale sustainable energy projects in Southern Africa. The money will finance the preparation of regional energy projects under the 12-country Southern African Power Pool (SAPP) and help leverage the investment needed […]

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The Green Pioneer Accelerator Programme – East Africa

By on October 29, 2014 in Access to Energy, Info & Resources with 0 Comments
The Green Pioneer Accelerator Programme – East Africa

Growth Africa has partnered with VC4Africa and Hivos to offer a comprehensive program to take early stage enterprises from ‘market proof’ to ‘ready for investment’. This program offers a rare opportunity for ecologically innovative businesses to be taught by leading experts on how to build a case for investment, and be exposed to a network […]

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Political upheavals could affect Kenya’s oil exploration, says report

By on October 15, 2014 in Conflict, Oil & Gas, Politics, Upstream with 0 Comments
Political upheavals could affect Kenya’s oil exploration, says report

Political upheavals blamed for violent flare-ups in Kenya could be a major hindrance to the emerging multi-billion-shilling oil and gas exploration activities, a market research firm has said. In an eight-page report, the UK-based firm Research and Markets says the future looks extremely bright especially after “commercial recoverable reserves” of nearly 1 billion barrels were […]

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Row Erupts over drilling plans by Tullow in Kenya

By on October 13, 2014 in Conflict, Oil & Gas with 0 Comments
Row Erupts over drilling plans by Tullow in Kenya

A fresh row has erupted over the planned oil drilling in Kerio Valley with residents saying they were not involved in negotiations. Tullow Oil has identified the more than 7,000 km² Block 12A, in the Kerio Valley belt, which runs across Elgeyo-Marakwet and Baringo counties, as the potential areas for oil exploration, with the drilling […]

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