American, African Oil and Gas Players propose regulatory measures to ensure sustainability

These measures are intended to mitigate the expected loss of jobs and abandonment of erstwhile viable projects in the African oil and gas sector in the face of a global recession. In response to the current global COVID-19 pandemic and the associated crash in the price of oil, the African Energy Chamber (AEC) (www.EnergyChamber.org) and the IAGC have proposed a number of mitigating measures on behalf of the oil and gas industry. These measures are intended to mitigate the expected loss of jobs and abandonment of erstwhile viable projects in…

How Africa Can Make a Comeback from the Oil & Gas Downturn

Stunning drops in crude oil prices the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia and Russia have been taking their toll around the globe this spring. For Africa’s oil-producing countries, where crude oil exports make up a large portion of their revenue, the situation is especially dire. In Nigeria, for example, Finance Minister Zainab Ahmed recently warned of an imminent recession and requested billions of dollars in international emergency funding. As of the second week of April, national oil production in Angola was…

PRESS RELEASE The Ministry of Mines and Hydrocarbons pushes for Financing for Investment Projects post COVID-19

As African markets take the hit of the economic crisis caused by the COVID-19 pandemic, the Ministry of Mines and Hydrocarbons is pushing for the mobilisation of African capital to finance the recovery of the continent’s economies. In order advance the Year of Investment 2020 projects and have them backed by credible African investors, H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea, held a working meeting yesterday with senior representatives of the Development Bank of the Central African States (BDEAC). The BDEAC delegation was headed…

Greenpeace Africa  Lauds Plans to Roll Out Off-Grid Solar Electricity in Kenya

Responding to the news that the Government of Kenya has partnered with the World Bank to finance off-grid solar projects in Kenya,  Amos Wemanya, Greenpeace Africa’s Campaigner has said:   Greenpeace Africa has received this news with a lot of eagerness. The project will help rural off-grid households access electricity that is important in unlocking their economic potential. “Kenya is among the countries that have been hit hard by the impacts of climate breakdown. Investing in clean energy technologies such as solar, especially for the rural off-grid households will help…

Dangote Industries shows its commitment to empowering Africa

A new branded content campaign on CNN TV, digital and social media platforms is showing global audiences some of the many ways that Dangote Industries is impacting people in African communities and industries.   The ‘Touching Lives’ campaign, which starts airing on TV this month, has been conceived and developed by CNN International Commercial’s award-winning branded content studio Create as part of the extended partnership between Dangote Industries and CNN. Announced last year, the partnership also includes sponsorship within CNN Marketplace Africa and Dangote being the first African brand to…