African Energy Chamber
Source: African Energy Chamber |

Demonizing Oil and Gas companies is not a constructive way forward on energy transition. Africa will push for “the Right to Drill”

African nations must and will take advantage of their hydrocarbon resources for economic development. Environmental sustainability is a part of it, not an impediment

In an article written for the Guardian newspaper this week, Nobel Peace Prize Winner Archbishop Desmond Tutu of South Africa argued for an Apartheid-style boycott on coal, oil and gas companies as a solution to fight climate change and help ensure global environmental sustainability goals. “We must stop climate change.…

Source: European Investment Bank (EIB) |

European support to rehabilitate Malawi transport network confirmed: EUR 139m

Works to reduce transport costs, cut travel time and facilitate export

European institutions provide a EUR 139 million contribution towards the rehabilitation of over 347 km of the M1 road; EUR 95.5 million EIB loan combined with EUR 43.1 million European Union grant, to support EUR 191 million total investment; works to reduce transport costs, cut travel time and facilitate export;…

U.S. Embassy in Namibia
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    • From the left is Assistant Secretary of State for the Bureau of Energy Resources (ENR), Francis R. Fannon , Deputy Prime Minister and Minister of International Relations and Cooperation, Netumbo Nandi-Ndaitwah, and U.S. Ambassador to Namibia, Lisa Johnson
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Source: U.S. Embassy in Namibia |

Highest ranking U.S. official on energy visits Southern Africa

While in Namibia Assistant Secretary Fannon engaged with the government to strengthen government-to-government relationships on mines and energy and also met with business leaders

Assistant Secretary of State for the Bureau of Energy Resources (ENR) Francis R. Fannon visited Sub-Saharan Africa from November 2 to 9, 2019, including South Africa, Namibia, and Botswana.  While in Namibia Assistant Secretary Fannon engaged with the government to strengthen government-to-government relationships on mines and energy and also met…

Source: Africa Oil Week |

Total builds on Brulpadda success to herald new era for South Africa

Total has made a gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin

One of the most important discoveries of the year took place 1785km off the southern coast of South Africa where Total has made a gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin. The exploration well encountered 57 metres of net gas condensate play…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Concludes Visit to Mozambique

The outlook for 2020 is for a strong rebound in economic activity and low inflation

An International Monetary Fund (IMF) staff team led by Ricardo Velloso visited Maputo during November 6–12, 2019, to take stock of recent economic developments and update macroeconomic projections. At the end of the mission, Mr. Velloso issued the following statement: “As a result of Tropical Cyclones Idai and Kenneth, real…

African Energy Chamber
Source: African Energy Chamber |

African Energy Chamber Takes Part in High-Level Debate on the Future of the Global Oil & Gas Industry at Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC)

Executives agreed that global energy markets are more than ever open for business and competing for foreign investments

The African Energy Chamber (https://EnergyChamber.org) participated in the Oil & Gas 4.0 Strategic Roundtables at ADIPEC in Abu Dhabi this week. During the “Energy trends, policy formation and geopolitical factors affecting the global oil and gas industry” roundtable, the Chamber provided a critical African perspective to the global debate on…

Source: African Development Bank Group (AfDB) |

Africa Investment Forum 2019: Unveiling the Boardroom: $67.6 billion dollars of deals tabled, $40.1 billion investor interest secured

Africa is winning…Africa is bankable- African Development Bank President Akinwumi Adesina

It was deals that brought participants to the 2019 Africa Investment Forum and they were not disappointed. The second Forum ended on a high note Wednesday, with 56 boardroom deals valued at $67.6 billion tabled - a 44% increase from last year. Fifty-two deals worth $40.1 billion secured investor interest…

Source: Africa Regional Media Hub |

U.S. International Development Finance Corporation (DFC) and African Development Bank partner to Support Development in Africa

The memorandum of understanding (MOU) was signed at the Africa Investment Forum in Johannesburg, South Africa

Adam Boehler, Chief Executive Officer of the U.S. International Development Finance Corporation (DFC), today joined Akinwumi Adesina, President of the African Development Bank Group, to sign a memorandum of understanding (MOU) strengthening collaboration in support of development in Africa. The MOU was signed at the Africa Investment Forum in Johannesburg,…

Source: Africa Regional Media Hub |

U.S. provides Financing to Tetra4 to develop Energy Infrastructure in South Africa

First disbursement of $40 million loan will help advance energy security

Adam Boehler, Chief Executive Officer of the U.S. International Development Finance Corporation (DFC), today announced the first disbursement of a $40 million loan to Tetra4 Proprietary Ltd. to support the development of critical gas infrastructure and advance energy security in South Africa. The announcement was made at the Africa Investment…

Source: Africa Regional Media Hub |

Power Africa and Africa50 Announce New Partnership to Implement Energy and Transmission Projects

Africa50 will be the nineteenth development partner to join the Power Africa initiative

On November 12, Power Africa and Africa50 signed a memorandum of understanding for a new partnership focused on attracting power sector financing and developing innovative public private partnership models in sub-Saharan Africa. Africa50 will be the nineteenth development partner to join the Power Africa initiative. This new partnership between Power…