Africa News

DRC : After numerous delays, US company Symbion Power is eager to finalise Lake Kivu gas project

Almost two years after winning the tender for the Makelele block, the American company Symbion Power resumed negotiations with Kinshasa in July. The Congolese PM Judith Suminwa Tuluka insists that her government is eager for the project to go ahead. ​Almost two years after winning the tender for the Makelele block, the American company Symbion […]

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Gabon : Oligui Nguema sees basic law referendum as springboard for presidential poll

The transitional president hopes to capitalise on the momentum of the vote on the draft new constitution on 16 November to organise the presidential election before the end of this year. ​The transitional president hopes to capitalise on the momentum of the vote on the draft new constitution on 16 November to organise the presidential

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Morocco : Luc Gérard Nyafé sentenced in first instance and awaiting second trial

The chairman of Compagnie Minière de Touissit was handed down an 827 million dirhams (€77m) fine and six-month suspended prison sentence in early October. He is awaiting a second trial scheduled for 25 October. ​The chairman of Compagnie Minière de Touissit was handed down an 827 million dirhams (€77m) fine and six-month suspended prison sentence

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South Africa : Former minister Valli Moosa joins Jay Nadoo in bid for Gautrain concession

South Africa’s former environment minister Mohammed Valli Moosa has joined a consortium vying for the concession to operate Gautrain, a 80km high-speed rail network in the country. ​South Africa’s former environment minister Mohammed Valli Moosa has joined a consortium vying for the concession to operate Gautrain, a 80km high-speed rail network in the country. Read More

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Ivory Coast : Tourism minister attempts to revive Yamoussoukro’s Hotel Président

An agreement had been signed with the South African company Sun International but it was blocked by the Minister for Assets, the State Portfolio and Public Enterprises Moussa Sanogo. ​An agreement had been signed with the South African company Sun International but it was blocked by the Minister for Assets, the State Portfolio and Public

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Ethiopia : VR Capital’s arrival complicates Addis Ababa’s negotiations with private creditors

A newcomer has joined the ranks of the main holders of the Ethiopian Eurobond, the billion-dollar debt Ethiopia issued in […] ​A newcomer has joined the ranks of the main holders of the Ethiopian Eurobond, the billion-dollar debt Ethiopia issued in […] Read More

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Algeria/Morocco : Algiers puts pressure on General Electric over its involvement in project in Western Sahara

General Electric (GE) is playing for time. In early 2024, the Moroccan branch of its energy subsidiary, GE Vernova, set up a tripartite partnership with Morocco’s Office National de l’Electricité et de l’Eau Potable (ONEE) and Nareva, the energy subsidiary […] ​General Electric (GE) is playing for time. In early 2024, the Moroccan branch of

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