Source: African Energy Chamber |

African Energy Chamber and the Oil Industry Congratulates Equatorial Guinea’s Government on Setting Up One-Stop Shop

The government does recognize it has an enormous task of fostering an environment where investors and small and medium enterprises can succeed

The African Energy Chamber (www.EnergyChamber.org) welcomes the improvement of Equatorial Guinea’s business environment via the establishment of a one-stop shop for setting up businesses in the country.  “The implementation of Equatorial Guinea’s one-stop shop allows companies to set up a business in Equatorial Guinea in only one week, putting the…

Source: Centurion Law Group |

Equatorial Guinea moves to support prospective entrepreneurs by cutting bureaucratic obstacles with a One-Stop Shop for business incorporation

The step is a very positive move, and a sign that Equatorial Guinea’s government is listening to international investors’ concerns

Equatorial Guinea’s one-stop shop became a reality this week, allowing investors and corporations alike to set up a business in sub-Saharan Africa’s fourth largest oil producer in only seven days. The step is a very positive move, and a sign that Equatorial Guinea’s government is listening to international investors’ concerns…

Source: Republic of South Africa: Department of Government Communication and Information |

President Ramaphosa to address the Pre-World Economic Forum Breakfast

Government will be represented by the Ministers of International Relations and Cooperation; Economic Development; Trade & Industry; Public Enterprises; Health; Energy, and Communications

President Cyril Ramaphosa will address a Team South Africa pre-World Economic Forum (WEF) breakfast meeting in Johannesburg on Wednesday, 16 January 2019. Team South Africa comprises a diversity of stakeholders in the South African society and economy and will participate in the WEF Davos Annual Meetings in Switzerland from 22…

Centurion Law Group
Source: Centurion Law Group |

What Angola can learn from Nigeria as it creates remarkable opportunities for marginal oil production

The Nigerian experience with marginal oil field development had measurable success, with 24 licenses awarded to 31 companies, some as sole operators and others as joint-ventures

With production declining and investment scarce, the Angolan leadership has put in place a number of new policies to reboot its oil industry and propel economic development. However, those changes take time and renewed deep-water oil and gas exploration for fresh reserves will take years to yield the desired results…

Source: Department of Science and Technology, Republic of South Africa |

Space Science capabilities earn South Africa global recognition

South Africa’s international reputation has also been enhanced, with the country now seen as a leading player in the space science sector

South Africa has won an extraordinary victory in space science, with the South African National Space Agency (SANSA) being selected by the International Civil Aviation Organisation (ICAO) to become the designated regional provider of space weather information to the entire aviation sector using African airspace. This means that every aircraft…

Reach for Change
Source: Reach for Change |

Five innovators win a place in the Senegal Start-Up Accelerator

The winners will also receive $2000 each in seed funding, with the chance to secure additional funding upon completion of the program

Five young Senegalese entrepreneurs have been selected to receive six months of business incubation and $2,000 seed-funding to kick-start their business. The Senegal Start-Up Accelerator, run by Kosmos Innovation Center (www.KosmosInnovationCenter.com) and Reach for Change (africa.ReachforChange.org), has been looking for young Senegalese entrepreneurs with innovative ideas that could tackle the…

Source: Africa Oil & Power conference |

Deep Petroleum Industry Reforms Set Angola on Path to Growth in 2019

Key measures include the formation of upstream and downstream taskforces, the privatization of some Sonangol subsidiaries, and the creation of a new regulator to manage concessions

Reforms span from changes in tax law to changes in concession contracts and the opening of marginal fields to African independents. Key measures include the formation of upstream and downstream taskforces, the privatization of some Sonangol subsidiaries, and the creation of a new regulator to manage concessions. The measures are already attracting…

Source: International Monetary Fund (IMF) |

Statement by International Monetary Fund (IMF) Managing Director Christine Lagarde at the Conclusion of a Visit to Ghana

Increasing revenue mobilization, preserving financial stability, improving management of the energy sector, and implementing responsible polices will help anchor investors

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today in Accra at the conclusion of her visit to Ghana "My visit to Accra has been very fruitful and informative, and I am extremely grateful for the warm hospitality of the people of Ghana.…

Source: African Development Bank Group (AfDB) |

Curtain falls on Conference of the Parties (COP24) in Poland: African Development Bank more resolute than ever to fight against climate change in Africa

During the two weeks of the conference, the African Development Bank assumed its role as primary champion of African interests and a steadfast supporter of African negotiators

The curtain has fallen on COP24 (www.COP24afdb.org), this year’s global climate summit held in Katowice, Poland. However, negotiations continued throughout the weekend to reach agreement on specific parts of the 'rulebook' to be applied  from 2020 by the 197 signatories of the Paris Agreement (https://bit.ly/2S8gLZH), to limit global warming to…

Africa Oil & Power conference
Source: Africa Oil & Power conference |

Organization of the Petroleum Exporting Countries (OPEC) applauds Angola Reforms during landmark visit

H.E. Mohammad Sanusi Barkindo visited Luanda for the first time as Secretary General of OPEC

Angola’s leadership is undertaking crucial tax and policy changes to diversify the economy while opening the oil sector to new investment; H.E. Mohammad Sanusi Barkindo visited Luanda for the first time as Secretary General of OPEC; Barkindo on Angola: “Right reforms at the right time” During his first visit to…