Energy

Guinea
Conakry seeks investment bank to issue its first Eurobond

With a view to financing its Simandou 2040 development plan, the country is seeking to raise funds on the international markets. It is expected to announce the investment bank that will guide it through the procedure in the coming weeks.

Cameroon
Yaoundé water overhaul to begin at end of month

The ground-breaking ceremony, scheduled for 25 June and to be attended by the water and energy minister, Gaston Eloundou Essomba, will mark the start of the project, which is ultimately intended to improve the capital’s water supply.

Chad
N'Djamena races to replace ageing Kribi oil export platform

The current vessel is over 20 years old and as of April 2028 will no longer be operational or insurable.

Niger
Oil minister Tini out of favour amid junta power struggles

Rivalries between the leading generals at the helm of the state are having an impact on the running of the strategic Ministry of Petroleum, whose minister, Hamadou Tini, has found himself sidelined since taking office at the start of the year.

Equatorial Guinea
Panoro Energy rethinks offshore after US firm Kosmos makes exit

The Norwegian junior is looking for a partner for one of its licences, ideally located near existing production facilities. It has appointed a London investment bank to assist it in its quest.

Nigeria
Nestoil faces legal challenge from the NNPC

Pushed to the brink by debt, the junior oil company owned by Ernest Azudialu-Obiejesi and Nnenna Obiejesi has been ordered to pay compensation to the NNPC for an unfinished pipeline project. Although it has managed to have the fine reduced, the state-owned oil company has already launched a counter-attack.

Kenya
Ministers and communicators clash over the stance to take on fuel crisis

Amid widespread social unrest, the sidelining of the executive's main spokespeople by certain government members is only fuelling the fire. This situation stems from the lack of trust among senior officials.

The New Guard
Namibia, Nigeria, Mali

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

NamibiaBeatrice Bienvenu, the new face of Chevron in Windhoek

NigeriaMoses Umoru, the point man on French investment

MaliYoussouf Doumbia, aka ‘Delfro', the influencer challenging the junta

Cameroon
Consulting firm A2S International promotes national infrastructure projects

Since early May, its president Abdou Samb has been mobilising an international network to drive forward a portfolio of 27 major projects in the country. The amount sought is $32bn.

Namibia
The challenges facing the new US ambassador in Windhoek

The staunch Trump supporter John Giordano was appointed six months ago and intends to develop Washington's trade ties with Namibia. There are already many US players in the oil sector, but the Americans lag far behind their Chinese rivals in mining.

Libya
NOC gets good deal for Ras Lanuf refinery

State-owned National Oil Corp (NOC) has finally succeeded in buying out Emirati firm Trasta Energy’s stake in the Libyan Emirates Oil Refining Co (LERCO), its joint venture which owns the refinery located in the Gulf of Sirte.

Nigeria
Trade minister sets foundation for new deal with Paris

At the Africa Forward summit in Nairobi, the Nigerian minister for trade, Jumoke Oduwole, proposed to her French counterpart, Nicolas Forissier, that a trade and investment agreement be established between the two countries.

Tunisia
British group Tende Energy acquires ENI's permits

The company led by Lotfi Fourati has acquired 49% of the shares in ENI Tunisia BV, with the remaining 51% still held by national oil company Entreprise Tunisienne d’Activités Pétrolières.