Shell and GNPC blame Tema LNG delays on war in Ukraine
The developers of Ghana's gas import terminal keep postponing the start of the project. The war in Ukraine has been added to a long list of excuses about why it is so far behind schedule.
Luxembourg-based Ghanaian financier Kwaku Boakye-Adjei, who is a key figure in Ghana's Tema LNG gas import project, is also organising the construction of storage and regasification facilities in neighbouring countries to which he hopes to export gas from Ghana.
Run by the Nigerians Tope Lawani and Babatunde Soyoye from London, the pan-African private equity firm Helios is putting the final touches to Helios Fairfax Partners Corp (HFP), its joint fund with Fairfax Africa owned by the Canadian billionaire Prem Watsa.
Unlike other African countries, which are reducing the volume of fertilisers they are ordering for 2021 in response to the Covid-19 crisis, Ghana plans to increase its fertiliser imports. It wants to avoid food shortages but also to avoid problems for President Nana Akufo-Addo as he prepares to run for a fresh term in December.
Canadian financier Prem Watsa, who heads the giant Fairfax investment group, announced plans to bring fellow investment giant Helios into the capital of his African subsidiary, Fairfax Africa, on 10 July. Fairfax Africa will divest itself of its struggling African banks, however, before Helios proceeds with its investment.