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Chad: AfDB funding for Djermaya solar plant

The Board of Directors of the African Development Bank (AfDB) on 26 September approved a loan of €18m ($20m) and a partial risk guarantee for the 32MWp first phase of the Djermaya solar PV plant. The plant, Chad’s first utility-scale renewable...

Central African Republic: Electrification study

The Ministry of Public Works and Road Maintenance is seeking expressions of interest from consultants for a rural electrification study and development of an investment plan.

Benin: AfDB funding for rural power

The African Development Bank board approved a loan of €61.77m ($70m) to the government of Benin on 26 September to finance a rural electrification project targeting 309 communities. The three-year project aims to benefit 1m people and increase...

Angola: ANPG sets out bid round terms

The new Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) on 2 October published bidding parameters for the ten blocks in the 2019 bid round. The terms, published on the ANPG website, include a carried 20% stake for state oil company...

Algeria: ExxonMobil joins Alnaft study

ExxonMobil signed an agreement with regulator Agence Nationale pour la Valorisation des Ressources en Hydrocarbures (Alnaft) on 29 September to participate in a study assessing the hydrocarbon potential of basins in the Algerian Sahara. Exxon has...

Scatec Solar launches ambitious solar hybrid leasing platform

Norwegian solar power developer Scatec Solar has launched a new solar hybrid leasing platform named Release. The company joins FTSE 100 leasing behemoth Aggreko, which launched its first hybrid system at the Bisha gold mine in Eritrea in 2018. US...

Community engagement means asking the people’s view

Project developers and financiers spend inordinate amounts of time and money assessing risks and their mitigation. But when traditional credit and political risk calculations are being made, they still too often overlook the populations whose...

Resources companies start lobbying as Cemac currency rules bite

The decision to impose stricter rules regulating currency transfers and payments across the Central African Economic and Monetary Union (Cemac) countries – heavily promoted by the International Monetary Fund (IMF) and its key ally in the process...

Total closes Anadarko Mozambique acquisition

Total on 30 September announced the closing of its acquisition of Anadarko’s 26.5% operated interest in the Mozambique LNG project for a purchase price of $3.9bn. Total agreed with Occidental Petroleum in May to acquire Anadarko’s assets in...

Kenya: Off-grid developers wary of regulatory trends

Off-grid developers at the Africa Investment Exchange (AIX): Nairobi event on 2-3 October are approaching trends towards greater regulation of the sector with caution. Many African countries are putting in place regulation intended to both aid...

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