Geopolitics

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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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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US advisory group warns African economies on over-reliance on oil and gas

A US-based risk advisory group has warned that foreign direct investment into energy sectors of marginal African oil producers will decline as the US and China ramp up shale oil production.DaMina Advisors says acceleration in hydraulic fracturing and horizontal drilling technologies has catalysed domestic shale oil boom in the US, “altering the future landscape of […]

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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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China plans airbase in Zimbabwe

By on March 11, 2014 in Geopolitics, Politics with 0 Comments

China is planning to set up a modern high-tech military base in the diamond-rich Marange fields, says a German-based website, Telescope News.The news of the agreement to set up the first Chinese military airbase in Africa comes amid increasing bilateral cooperation between Zimbabwe and China – notably in mining, agriculture and preferential trade. China is the […]

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China signs US$ 1.7 billion dollar deal with Tanzania

By on November 5, 2013 in Development, Generation, Geopolitics, Power with 0 Comments

Tanzania has signed contracts worth US$1.7 billion dollars with Chinese companies to construct power plants and housing units in east Africa’s second-largest economy. The new investment deals mark China’s growing economic presence in Tanzania, which has made big discoveries of natural gas off its southern coast. “The government has today signed seven agreements with six […]

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Nile dam raises tensions between Egypt, Ethiopia

By on June 18, 2013 in Conflict, Geopolitics, Hydro with 0 Comments

Tensions between Egypt and Ethiopia are rising after Ethiopia began diverting the water of a Nile River tributary to build the continent’s biggest hydroelectric power plant. Despite criticism from Egypt, Ethiopia says construction of the dam will proceed.Ethiopia summoned the Egyptian ambassador to demand an explanation after Egyptian politicians were overheard on a live broadcast […]

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