INSPIRING AFRICA'S BUSINESS LEADERS TO INNOVATE BETTER, GROW FASTER AND DO MORE . . .
COTE D’IVOIRE – Stakeholders in the energy industry have called for restructuring of financing mechanisms in order to enable the development of off-grid and mini-grid connectivity in Africa. The sentiment was made during the 5th Energy Access Investment Forum in Abidjan, Cote…
AFRICA – The African Development Bank (AfDB) announced that it will double its climate finance commitments for the period 2020-2025 to at least US$25 billion. The announcement was made by Akinwumi A. Adesina, the Bank’s President during the One Planet Summit in…
SOUTH AFRICA – South Africa’s airline industry has made a plea to the parliament to be exempted from the proposed carbon tax which aims to reduce emission of greenhouse gases. The tax which is set to hit big energy users will not…
SOUTH AFRICA – Petroleum company Vivo Energy Plc has said that it has concluded a transaction with Engen Holdings (Pty) to restructure the acquisition of Engen International Holdings. The restructured transaction will add operations in eight new countries and over 225 Engen-branded…
SOUTH AFRICA – The African energy industry is set to benefit from the 13th German-African Energy Forum focusing on German and Africa businesses. The event, to be held between 27th-28th March 2019 in Hamburg, Germany, seeks to enhance German and Africa businesses…
SOUTH AFRICA – The Competition Commission of South Africa has recommended that the Competition Tribunal conditionally approve Glencore’s proposed acquisition of the Chevron SA assets. However, the commission highlighted that the proposed transaction had raised public-interest concerns and hence has recommended its…
SOUTH AFRICA – Tetra4, a South African energy firm and Renergen’s subsidiary, has received a US$40million loan facility for its Virginia gas field project. The loan facility was made by Overseas Private Investment Corporation (Opic), the US government’s development finance institution. Renergen…
SOUTH AFRICA – Saudi Arabia is holding talks with South Africa to build an oil refinery in the country as part of a pledge to invest as much as US$10 billion in the economy. According to a Business Day report, joint studies…
Cote d’Ivoire – The Africa Finance Corporation (AFC), an infrastructure development finance institution in Africa, announced financial close of a credit facility towards Cote d’Ivoire’s 44-MW Singrobo-Ahouaty hydroelectric power project (SAHP). AFC’s commitment to the Ivoire Hydro Energy (IHE) amounts to a…
COTE D’IVOIRE – PCM Capital Partners (PCP), leaders in asset management and managers of the West Africa Emerging Growth Fund (WAEMGF) has announced that it has existed its investment in leading Ivorian oil and gas player, Petro Ivoire. According to the firm,…