A businessman widely known in financial circles, Said Belaidouni, was [...]
Another mandate for presidential-candidate Joaquim Chissano, whose re-election in the face of competition from rival runner Afonso Dhlakama seemed assured as the December 3-4 presidential election approached, will be sharply influenced by the equilibrium between his FRELIMO (governmental) party and [.
The Chad government signed a preliminary accord with Vivendi to take over management of the Societe Tchadienne d'Electricitre et d'Eau [...]
The Zimbabwe government and the Zimbabwe Electricity Supply Authority (ZESA) have just submitted a draft of a new System Development [...]
With the pipeline project between Doba and Kribi coming up before the board in mid-October (AEM 258) the World Bank [...]
Following the IMF's lead, the World Bank will on September 13 present a third structural adjustment credit line for Zimbabwe [...]
An obstacle to the funding of the Chad-Cameroon pipeline in the form of a U.S. bill named "Demilitarization for Development [...]
Chad president Idriss Deby flew to Washington on May 24 to voice his concern over delays in the Doba-Kribi pipeline project to World Bank president James Wolfensohn. Cautious, Wolfenson met earlier in the morning with representatives from three environmental organizations, [.
Of the three regional gas or gas-electricity projects that could be completed by the end of the decade in sub-Saharan Africa the West African Gas Pipeline (WAPG) based on reserves in Nigeria, where 2 billion cu.
The World Bank affiliate International Development Association will shortly approve [...]
Ten companies will submit bids when an invitation to tender is issued next week for the privatization of the state-owned [...]
No fundamental problem appears to stand in the way of an agreement between Cameroon and the World Bank on the Chad-Kribi oil pipeline and the need to protect the environment and foster economic and social development, according to Patrice Mandengabassa, [.
The second phase of the Oso development project centered on the production of NGL has been commissioned. Output began at [...]
The financial package for the Songo Songo project will be put together completely at the end of 1998, AEM learned [...]
The privatization programme for Madagascar's public-sector enterprises has just been updated by the World Bank with a new timetable dated [...]
A "summit of the seven poorest countries" organized by the Greens on June 12 in the European Parliament's building in [...]
If Bill Richardson is mostly known for his peacemaking skills as U.S. ambassador to the United Nations – he exercised them with talent in Bosnia and in more controversial fashion in the Congo-Kinshasa imbroglio – his appointment on June 18 [.
Hydro Quebec has just confirmed in Dakar that it is in the running to become Senelec's strategic partner following the [...]
The Chad-Cameroon oi development and pipeline project that are awaiting the green light for IDA loans - the total was [...]
The consultant Price Waterhouse who prepared the privatization programme of Solima (petroleum products) according to a cession formula known as [...]
The World Bank mission which went to Antananarivo last month is insisting that the government must privatize the state-owned banks [...]
The Exxon group which operates in Chad's oil project and in the TOTCO and COTCO companies that will operate the [...]
On Madagascar, implementation of the economic reform programme passes by firm spoonfeeding at all stages of local institutions (presidency, prime minister's office, economic ministries, etc) by International Monetary Fund and World Bank representatives. Objective: to neutralize all political interference by [.
Work on the pipeline that is to link the Doba oil basin in southern Chad to the future terminal at [...]
Road repairs around Kinshasa and humanitarian missions were all that Laurent Kabila's government won from the "Friends of the Congo" conference organized under the auspices of the World Bank on Dec. 3-4 in Brussels. The "stabilization and recovery" plan prepared [.
Glencore, a large Swiss-based petroleum trader, recently approached a Paris bank to propose a financial package for Madagascar. The deal [...]
Nigelec has been marked down for IMF-World Bank-type privatization along with the water company SNE and oil storage firm Sonidep. [...]
An Ethiopian company has kicked off a project to extract and process up to 65,000 tons of liquid petroleum products [...]
Ethiopia's energy and mines ministry signed two contracts for studies last month with BEICIP-Franlab, the consultancy and international engineering unit [...]
Forty four projects had been accepted by the end of 1996 or were at an advanced stage in the French Global Environment Fund's (FFEM) pipeline. The projects slated to receive grants from the Fund organized by the Caisse Francaise de [.
The liberalization of Tanzania's oil industry, which has long been [...]
Ocelot Energy won two licences to be operated on a production sharing basis in Gabon following negotiations that were already [...]
A project to establish a free trade zone in Agulhas [...]
As Equatorial Guinea is a small country with rich oil prospects several big groups are scrambling to install the first [...]
During the meeting of the World Bank consultative group on Uganda, held in Paris on November 21 and 22, Uganda [...]
The government has completed the privatization of British Petroleum Zambia [...]
Nigeria has managed to fend off the threat of oil or other sanctions with for a selective release of jailed [...]
The International Development Association, an affiliate of the World Bank, has begun work on three projects for loans to Ethiopia, [...]
Head of state Albert Zafy showed unmistakable signs of tiredness during recent discussions with the World Bank mission led by [...]
A Portuguese bid to acquire all or part of the shares of the government and/or Lonrho in the Beira-Harare pipeline [...]
French judge Jean Pierre Rousseau has set the CID's economic and financial fraud squad in Nice (France) on the complex [...]
The World Bank has announced approval by the International Development Association (IDA) of a $23 million loan that had been [...]
The timetable will be honored, as with electricity-generation, but the privatization of Congo's downstream oil sector will leave a government [...]
The approaching World Bank consultative group on Mozambique has relaunched the debate on cleaning up Mozambique's state-owned companies. International fund donors are expected to use the Paris meeting (April 17 and 18) to jog the Maputo authorities over their failure [.
A meeting of the consultative group of donors for Kenya held in Paris under the auspices of the World Bank [...]
Work is shortly to begin on the liquefaction plant that Nigeria Liquefied Natural Gas Ltd. (NLNG) is to build at [...]
After four years of studies and negotiations, an agreement to proceed with the Songo Songo gas and electricity project was [...]
The opening of Madagascar's electricity sector to "private capital" has been underscored in a so-called "outline document for economic policy" [...]
The Kenyan government and the Kenya Power & Lighting Corporation (KPLC) unveiled their energy projects, loan requirements and the reforms they've already undertaken during a conference with donors on Sept. 11-12 in Paris. But no fresh funds were offered and [.
AEM understands that the World Bank is counting on Congo's privatization process being completed by next June at latest. The [...]
An agreement to build a regional gas pipeline tying Benin, Togo and Ghana into the fields in Nigeria's Escravos basin [...]
Kwesi Botchwey may owe his downfall to a drillship. The dismissal of Botchwey, a top-rate finance minister who played a [...]
Marked on June 10 by the largest opposition demonstration seen in Antananarivo since last year, the campaign for the impeachment of the head of state Albert Zafy, which opposition MPs are now threatening to continue inside parliament, has rekindled the [.
With the government poised to privatize the country's two refineries at the end of this year, draft legislation putting an [...]
"There is a lack of openness in the oil sector" and a drop in receipts appears inevitable, confirmed a report entitled "Macro-Economic Survey of Cameroon after the Devaluation" commissioned by the French cooperation ministry. The report resulted from a mission [.
Mauritius' ministers of finance (Rama Sithanen) and energy (Swaley Kassenaly) are expected to be in Paris next week for a [...]
Pierre Demangel, who holds the Malagasy dossier at World Bank headquarters in Washington, apparently doesn't hold a grudge against prime minister Francisque Ravony although the latter was targetting Demangel - without naming him - when he commented on April 6 [.
Energy cooperation in the Mediterranean will figure high on the agenda at a conference in Barcelona on Nov. 12 between the foreign ministers of the 15 European Union countries and 13 nations on the southern and eastern rims of the [.
No sooner had a law been adopted to allow the government to sell its stake in Elf Congo than the [...]
Madagascar intends to open all of its sedimentary zones to oil and gas exploration this year with a revised legislative framework allowing for production sharing accords for the first time instead of the so-called "participation" agreements which prevailed under the [.
The government last week took a major step towards privatization as championed by the IMF and World Bank when it [...]
The Aboadse thermic power station will probably be the last built in Ghana by the Volta River Authority (VRA) without [...]
Long-running negotiations between the Chad oil consortium and Yaoundé over the trans-Cameroon pipeline that is required to carry Chad's oil [...]
Nigerian oil minister Don Etiebet signed an agreement in early January with his counterparts from Benin, Togo and Ghana to [...]
The European Investment Bank has confirmed its participation in bankrolling the rehabilitation of the pipeline linking the port and refinery [...]
Congo is preparing to privatize the Congolaise de Raffinage (CORAF) concern in the second quarter of 1995 as the World [...]
The World Bank is calling for the energy sector in Eritrea to be gradually turned over to private hands in [...]
The World Bank's delegate for Central Africa and the Indian Ocean, Eugene Scanteje, met in late November with prime minister [...]
Chad's major oil project has bounced back onto the agenda [...]
There is every indication the World Bank has set its mind on seeing an existing gas pipeline in Nigeria between [...]
The first invitations to tender are expected to be issued in 1995 for Madagascar's electricity project dubbed "Energie II" while new impetus has been given to reforms in the oil sector although investment in the refinery branch has been shelved.
A consultancy will be chosen from a short list by the end of January to carry out three studies forming [...]
A delegation from the World Bank was expected in Nairobi on Nov. 21 for talks on a so-called Energy programme [...]
The companies that distribute oil products in Kenya are facing a choice in the short term of either squeezing their profit margins, not to say accepting losses, or resigning themselves to ushering in the new free market era with a [.
"The government has signed with ENH," declared Mario Marques, managing director of Mozambique's Empresa Nacional de Hidrocarbonetos. However, it was not with ENH but with Enron that Mozambique had signed a memorandum of understanding to develop the Pande gas deposit, [.
The level of the European Investment Bank's commitments could climb this year if a number of projected loans currently in the pipeline, and particularly concerning energy projects in Africa, are approved. As the Luxembourg-based institution never puts up money alone [.
As predicted (AEM 139), the new secretary-general in the president's [...]
An agreement was signed in Paris on July 20 between partners in the Compagnie des Energies Nouvelles de Cote d'Ivoire [...]
In early July a round-table committee will examine a first series of applications for funding under a new pre-financing facility created by France for international projects on renewable sources of energy, particularly solar, and on energy conservation.
In the first three months of 1994, no less than ten businessmen went to see the trade attache at the [...]
The International Development Association (IDA) is examining a $50 million loan to Cameroon for an "adjustment" programme for the country's [...]
Congo signed a production sharing agreement last week with operator Agip Congo and its associates on the Marine VI and VII permits -- the latter includes the Kitina discovery -- just as it reached a similar accord with Elf Congo [.
Bidding in the pre-qualification round for the construction of Morocco's first power stations to be built with private capital was [...]
The Ghana National Petroleum Corporation (GNPC) has chosen Stone and Webster Engineering to prepare technical documents prior to putting together [...]
In an urgent bid to fend off the competition from Indonesia and Uganda and from substitute products, vanilla exporting countries of the Indian Ocean region have become embroiled in a fierce price-cutting war which has resulted in sale prices well [.
Paul Toungui has been given the mines-enery and hydraulic resources [...]
The International Development Association, a subsidiary of the World Bank, has put seven new projects, totalling more than US$280 million, [...]
The managing committee of France's Fonds d'Aide et de Coopération (aid and cooperation fund) agreed on February 10 to make [...]
Facilities at the Malagasy electricity company Jyrama and Solima's oil refinery at Toamasina figure among installations that suffered from cyclone Geralda that barrelled destructively across the island between Feb.2-4 two weeks after an earlier cyclone, Daisy, had struck Madagascar.
The simultaneous arrival in Djibouti last week of a "high level" French political delegation and a "heavyweight" World Bank and International Monetary Fund mission is an eye-opener on the way that tasks are being distributed in the matter of the [.
The financial package for the Foxtrot gas and electricity project has been virtually put together following a meeting of donor [...]
The initial phase in a series of tenders will open this month to select oil storage and pipeline equipment as [...]
Despite some slight recovery in the second half of 1993, the economic balance sheet for 1993 remains pretty mediocre for Zimbabwe: inflation and interest rates have declined but the growth rate (about 1 or 2 percent of GDP) is lower [.
The combustion turbine and combined cycle power station that the Volta River Authority (VRA) will run at Aboadse near Takoradi [...]
If it is put into practice, the Kenyan Government's Policy Framework Paper (1994-1996), worked out with the International Monetary Fund and the World Bank, will mean a veritable revolution for the country's economy. In its final version (of November 10), [.