Prime Gas pads out its team and its coffers
According to our information, new shareholders recently bought into gas distribution and trading firm Prime Gas, created in 2015 in [...]
Gas was not explored to its full potential in Africa until recently. Now, especially in its liquefied form, it has enabled several African countries stake a claim for themselves on the global energy market. Gas production requires hefty infrastructure, forcing states to undertake extensive work, part of which is sub-contracted to local industry. This gives politically-connected companies an opportunity to cut themselves a sizeable chunk of these mega-contracts.