Merrill Lynch

North Africa
Harbour Energy weighs sale of North African oil assets

Bank of America is expected to be appointed to place some of Harbour Energy's Algerian, Libyan and Egyptian oil interests on the market.

The New Guard
Rwanda, Morocco, Zambia

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

RwandaNelly Mukazayire, Paul Kagame's multi-tasking minister

MoroccoAmine Kandil, the kingdom's new ‘data centre guru'

ZambiaJosiah Kalala, the constitutional expert with an influential network

Tunisia
US banks eye Tunisian market

Jean-Michel Saliba, Middle East-North Africa director at Bank of America's investment division, BofA Securities (formerly Bank of America Merrill Lynch), led a delegation of US financiers this month to Tunis.

Morocco
Ithmar Capital lobbies European Union

Moroccan investment fund Ithmar Capital joined the EU's transparency register in December 2022 with its sights set on climate policy.

Chad
Savannah Energy always opts for Azerbaijani traders

The British junior continues to enjoy the support of Azerbaijani funds when acquiring blocks in Africa. After Niger, Savannah is now interested in Chad.

Tunisia
Moez Ben Zid returns to investment banking with CAP

Moez Ben Zid has just joined Capital African Partners Bank [...]

Madagascar
Former SOMA OIL & Gas CFO takes charge of Madagascar oil's finances

Malagasy company Madagascar Oil has recruited Philip Wolfe as its [...]

Congo
And the winner of New Age's Marine XII shares is...

According to our sources, Russian firm Lukoil is expected to secure New Age's 25% stake in Marine XII, Congo-B offshore. [...]

Niger, Nigeria
Savannah Petroleum boss' Azerbaijani networks

The British junior developing its deposit in the Agadem zone has well-heeled shareholders close to Baku.

Spotlight | Gulf of Guinea
Norwegian oil service magnates form pack to take on African market

With business tight on their domestic market since the 2014 slump in oil prices, several Norwegian oil services firms owned by local business tycoons have decided to try their hand at developing low cost projects in Africa with their own [.

Guinea
Rudolf Wolff's financiers help Anglo-African evacuate its bauxite

The pledging of British funds for the construction of an export railway line and a port should help Anglo-African move forward on two bauxite projects.

Sudan
Gerald Trent will help Stamper to stay within budget

Geralt Trent, the director of the Austrian bank Sberbank Europe, [...]

Africa
For its upstream debut, EIG places bet on New Age

Up to now confined to North America, the EIG fund has ventured into Africa’s oil industry.

Algeria
Will Worldview get the better of Petroceltic?

The Irish explorer Petroceltic could well lose a fight it [...]

Algeria
Strapped for cash, Petroceltic could be forced into fire sale of assets

Petroceltic says it is pleased about headway in the Ain Tsila project in Algeria, but the firm may shortly lose control of it.

Mozambique
After Lusaka, Dagon group targets Maputo

The Netherlands-registered holding company Dagon is expanding its activity in [...]