The board of the Extractive Industries Transparency Initiative (EITI) declared Sierra Leone EITI compliant on 26 April. EITI compliance means that the country must regularly publish the government’s revenues from its natural resources, and Sierra...
A report from US-based advocacy group Global Financial Integrity (GFI) has highlighted how much money is siphoned out of African countries due to the practice of over or understating invoices. In its report, Hiding in Plain Sight, GFI analysed...
Accounting firm PricewaterhouseCoopers (PwC) has started work with the federal auditor-general to carry out an audit on the Nigerian National Petroleum Corporation (NNPC) over an alleged missing $20bn in oil revenues. Speaking at the World...
Global Witness has called on Italy’s Eni to explain incoming chief executive Claudio Descalzi’s apparent personal involvement in a corrupt oil deal in Nigeria. Descalzi is credited with heading Eni’s E&P division when it discovered huge gas...
Canadian-Saudi joint venture SkyPower FAS Energy has signed agreements with the federal and Delta State governments which it says will lead to the development of 3,000MW of utility-scale solar photovoltaic projects over the next five years at a...
Algeria’s electricity sector has taken a major step forward in encouraging independent production of renewable energy. The Journal Officiel published on 23 April set out detailed feed-in tariffs which will be paid to companies producing...
Private equity firm Denham Capital’s Africa-focused independent power company Endeavor Energy has signed a joint development agreement with GE and France’s Finagestion to develop the Ghana 1000 Project gas-to-power initiative to deliver more than...
A successful bid by US firm Defense Solutions on 7 May to buy 1m barrels of the South Sudan government’s crude was a first for the company. In recent months, most government oil contracts have been won by a small handful of traders: Glencore,...
Amal Alamuddin, the British barrister who is to marry Hollywood favourite George Clooney, is no stranger to the Gulf: her impressive CV includes a stint providing legal advice to Bahrain’s King Hamad Bin Isa Al-Khalifa in 2011, specifically in...
Prince Abdelaziz Bin Fahd has been relieved of his positions as minister of state and cabinet member “at his request”, according to a 25 April royal order. The prince – son of the late king Fahd – was removed from his post as head of the cabinet...
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