Energy

Spotlight | Africa
Afreximbank, Standard Bank and French banks among last financiers of hydrocarbons in Africa

More and more banks, caught between the hammer of oil companies and the anvil of NGOs, are turning their backs on fossil fuel projects in Africa. Only a handful are still showing support for the sector.

Tunisia
Energy minister Neila Gonji gets serious about renewables

Faced with rocketing gas prices, Tunisia's industry and energy minister will be concentrating after the summer recess on kick-starting the many solar and wind power projects that have nominally been launched in recent years but have so far come to nothing.

Angola
MPLA chum Somoil juggles projects and departures

The junior oil company founded by dos Santos-era heavyweights has several balls up in the air while dealing with key managerial changes.

Nigeria
Ex-Glencore Anthony Stimler's sentencing control date pushed to 2023

The sentencing control date of Anthony Stimler, who led the West Africa department of Swiss trader Glencore from 2002 to 2009, then again between 2011 and 2019, has been postponed for another six months.

Angola
INA Industrija Nafte quietly says goodbye to sub-Saharan Africa

Once the sale of its stock in Angola has been finalised, the small Hungarian-Croatian firm will have no assets left in sub-Saharan Africa and its geographical presence will be limited to Egypt and Croatia.

Algeria
Sonatrach claims major Hassi R'Mel gas discovery

Sonatrech's announcement at the beginning of July of its discovery of a volume of between "100 and 340 billion cubic metres of gas for condensate" on the Hassi R'Mel perimeter came at a particularly opportune moment for the company, which is under pressure from its clients to increase the volume of its gas exports to Europe.

Sudan
Petronas vs Khartoum arbitration fizzles out

The arbitration proceedings initiated at ICSID in October 2021 by the Malaysian major Petronas against the government of Sudan, whom it has accused of seizing its assets in the country, have been suspended.

Spotlight | Mozambique
ExxonMobil and ENI leave TotalEnergies in lurch over Afungi

The US and Italian majors are radically changing their plans for the huge gas reserves in their Block 4 in Mozambique. They no longer believe that calm will be restored to Cabo Delgado any time soon.

The New Guard
Guinea, Kenya, South Africa, Ghana

Every Wednesday, Africa Intelligence reveals the next generation of movers and shakers in business and politics.

GuineaDjami Diallo, key to negotiations on the Simandou iron ore project

KenyaOgutu Okudo, oil specialist and Odinga's spin doctor

South AfricaMaropene Ramokgopa, the pro-Ramaphosa leader of the ANC Women's League

GhanaTawiah Agyarko-Kwarteng, social and environmental spokesperson for the cocoa industry

Chad
Employees at Chad's sole refinery outraged at operator CNPC

Despite the government lifting Covid-19 regulations, employees at the Djermaya refinery still have to adhere to drastic quarantine and lockdown conditions. They are discussing a strike that could lead to a fuel shortage, as the country only has one refinery.

DRC
Sparks fly at SNEL over Nzilo II

The chairman of the board of state-run power company Société Nationale d'Electricité (SNEL) regrets it was not consulted about the change in contract over hydroelectric power sattion Nzilo II (125MW). He is asking the minister to annul the contract awarded to Lualaba Power.