Development

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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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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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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Minerals in Africa must benefit all parties says expert

By on August 4, 2014 in Development, Mining, Power with 0 Comments
Minerals in Africa must benefit all parties says expert

Key among the difficulties and risks of mining in Africa is managing the expectations of communities around mines, as well as the relationship with government  – especially the custodian agency custodian of mineral rights. So says Roger Dixon, chairman and corporate consultant at SRK Consulting (SA), which has four decades of African experience. “There is […]

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Nigeria: Experts advocate oil firms cordiality with host communities

Nigeria: Experts advocate oil firms cordiality with host communities

As Nigeria continues to battle insecurity caused by Boko Haram insurgents, oil and gas experts have advocated a more cordial and harmonious relationship between multi-national oil companies operating in the country and the host communities in order to prevent induced violent crisis. They also urged the Federal government to enact laws to protect the rights […]

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Balancing act: resettling communities and mining

Balancing act: resettling communities and mining

Laws regulating the resettlement of communities for mining projects are often not clear enough to avoid problems that could delay or even threaten the mine’s sustainability. This is according to Robert Gyamfi, community relations and social responsibility manager at Golden Star (Bogoso/Prestea), a subsidiary of Golden Star Resources in Ghana, a mining company operating in […]

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The buck stops with African governments on Power Production

By on July 17, 2014 in Development, Power, Regulation with 0 Comments
The buck stops with African governments on Power Production

Nations in sub-Saharan Africa need to boost efforts to create more conducive climates for investment from independent power producers (IPPs) if they are to remedy their severe shortfall in power generating capacity. According to the Standard Bank Group’s David Humphrey, global head of power and infrastructure at the bank, “Africa’s deficit in power generating capacity […]

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Tanzania – Illegal miners damaging mine infrastructure

By on July 4, 2014 in Development, Mining with 0 Comments

Gemstone producer Richland Resources has lamented a “significant” increase in illegal underground mining at its Tanzania-based joint venture (JV) tanzanite operation with the State Mining Corporation of Tanzania (Stamico), claiming that illegal miners were entering underground areas from neighbouring blocks and presenting a danger to its employees. “While 2013 saw the beginning of action by […]

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Tanzania’s Worried About How To Spend The Gas Money

The President of Tanzania says “there will be a lot of money coming to the government” when the massive gas deposits discovered in the country’s offshore are developed. “The question will be how to spend such money judiciously and effectively”, he told the weekly newsletter Tanzaniainvest. “And for this good leadership and good plans will be […]

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China’s Energy & Raw Materials “Going Out” Strategy, the African Perspective

The Chinese Premier Li Keqiang is on a four country African tour this week, which will culminate in his addressing the 2014 World Economic Forum on Africa in Abuja, Nigeria today. He will also meet several African leaders on the fringes of the WEF for Africa. On this tour China is said to have signed […]

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