Uganda aims to impose financial penalties from March, on its sole power distributor, Umeme Limited, for any frequent and prolonged supply outages, the regulator said. The public has long complained about high tariffs and long power cuts, while unreliable supplies add extra costs to businesses, which often run costly stand-by generators to keep operations going…
Algeria will conclude its deal with Exxon Mobil Corp and set up a trade joint venture with an international company before the first half of 2019, Sonatrach’s CEO said on Monday. “We are very optimistic and things are moving in the right direction so we will conclude with Exxon and have our trade JV,” Abdelmoumen…
The government does recognize it has an enormous task of fostering an environment where investors and small and medium enterprises can succeed JOHANNESBURG, South Africa, January 15, 2019/ — The African Energy Chamber (www.EnergyChamber.org) welcomes the improvement of Equatorial Guinea’s business environment via the establishment of a one-stop shop for setting up businesses in the…
The step is a very positive move, and a sign that Equatorial Guinea’s government is listening to international investors’ concerns JOHANNESBURG, South Africa, January 15, 2019/ — Equatorial Guinea’s one-stop shop became a reality this week, allowing investors and corporations alike to set up a business in sub-Saharan Africa’s fourth largest oil producer in only…
Oilserv Limited bagged the 2018 Distinguished Achievement Award (Corporate) at the 2018 Annual Oil Industry Achievement Dinner and Awards of the Petroleum Technology Association of Nigeria (PETAN) an association of indigenous technical oilfield service companies in the upstream and downstream sectors. The Chairman of Oilserv Group, Engr. Emeka Okwuosa ably represented by the Group Chief…
Ghana aims to complete work on the infrastructure needed to transport natural gas from the offshore Sankofa field for processing onshore. Speaking to the press, Nana Kofi Damoah, head of communications at the Ghana Ministry of Energy said that work will be complete next August. The Sankofa field is located on the Offshore Cape Three…
The Sierra Leone Electricity and Water Regulatory Commission (SLEWRC) on Wednesday January 9th in a technical workshop, engaged government stakeholders on the Drift Mini Grid Regulation. The two-day technical workshop, which ended on Thursday, 10th January, was hosted at the Lagoonda Entertainment Centre Conference Hall, Aberdeen in Freetown. Speaking at the workshop, Director General of…
Wentworth Resources, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, has provided an update to shareholders. Tanzania Operations Gas demand for the Company’s producing reserves continued to grow in the final quarter of 2018, resulting from combined demand from the Kinyerezi-1, Kinyerezi-2 and Ubungo II power stations, and the…
SunFunder and two institutional investors, ResponsAbility and Oikocredit have provided additional financing of $9 million to SolarNow, a specialist in off-grid solar installations in Uganda. SunFunder is a firm founded by a former US-based banker in Kenya. The facility comes after a $6 million first round brought by SunFunder and its two co-investors, ResponsAbility and…
Senegal saw its energy production double over the past six years. The country’s power generating capacity has gone from 500 MW in 2012 to 1,141 MW in 2018. The news was announced by the country’s president, Macky Sall, during his message to the nation. “We must add, in the very short term, two projects of…