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Announcements
African Energy Chamber
Source: African Energy Chamber |

African Energy Chamber Launches New Energy Jobs Portal and Pledges to Boost Local Content

The platform will assist local and international companies in attracting local talent across 30 different skills set in the oil & gas, power and renewable energy sectors

In order to maximize the saving of local jobs and assist in the recovery of African energy markets after the Covid-19 crisis, the African Energy Chamber (www.EnergyChamber.org) and its partners have launched a free-of-access jobs portal for trained and qualified African workforce. The collaborative platform is accessible at www.EnergyChamber.org/jobs and…

African Energy Chamber
Source: African Energy Chamber |

African Energy Chamber Hopeful for a Quick Resolution of Disagreements Over Fuel Shortages in Tanzania

The African Energy Chamber is calling for the respect of the rule of law, and asking that they be afforded all due processes as required by Tanzanian law

The African Energy Chamber (https://EnergyChamber.org/) expresses its concerns over the alleged arrest and detention of three energy executives in Tanzania last week. Total Tanzania’s Managing Director Jean-Francois Schoepp, Puma Supply Manager Adam Eliewinga and Oryx’s representative August Dominick were arrested for questioning and taken into custody while attending a consultative…

United Nations (UN)
Source: United Nations (UN) |

Coronavirus - Africa: Amidst COVID-19 pandemic, UN High-Level Forum aims to chart pathways toward a sustainable recovery

The virtual ten-day Forum convened by the UN Economic and Social Council (ECOSOC) takes place as the global death toll from COVID-19 has passed 500,000

Facing the devastating impacts of COVID-19, which is threatening decades of progress in improving people’s lives, countries are meeting at the United Nations High-Level Political Forum (HLPF) on Sustainable Development from 7 to 16 July to chart the best paths forward to a healthier, more equitable world. The virtual ten-day…

African Energy Chamber
Source: African Energy Chamber |

European Travel Bans are counter-productive and hurting the Oil & Gas Sector’s ability to support Africa’s Economic Recovery

Restrictions of visa issuance are de facto preventing a lot of projects to move forward and to successfully contribute to the recovery of the continent

The continuation of travel restrictions and suspension of visas and travel between Africa and Europe is heavily restraining the oil & gas industry’s recovery efforts. Because of its international nature, the oil & gas sector relies on global value-chains and successful cooperation and movement of people, goods and services between…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Coronavirus - São Tomé and Príncipe: International Monetary Fund (IMF) Staff Completes a Virtual Extended Credit Facility First Review Mission for São Tomé and Príncipe

The COVID-19 pandemic is expected to cause the economy to contract sharply by 6.5 percent this year

The COVID-19 pandemic is expected to cause a sharp real economic contraction of 6.5 percent in 2020 and raise large health and social needs; Program performance under the Extended Credit Facility (ECF) had a good start, but progress has been hampered by the pandemic and some policy slippages prior to…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Our journey to electrify the continent: Five years of the New Deal on Energy for Africa (By Dr. Kevin Kariuki)

The NDEA called for a substantial increase in investments to realize the Bank’s High 5 priority to “Light Up and Power Africa”

By Dr. Kevin Kariuki Five years into the African Development Bank’s (https://www.AfDB.org/) ambitious New Deal on Energy for Africa (NDEA), the Bank’s investments are set to provide electricity access to around 13 million people and deliver about 55,000 km of distribution lines, and 6,700 km of transmission lines, of which…

African Energy Chamber
Source: African Energy Chamber |

International Energy Agency’s Africa Dialogue Needs to be Inclusive for a Workable Africa’s Energy Transition

The Chamber reiterates its support to inclusive dialogues that take into account the realities of African economies and of energy poverty

The African Energy Chamber (https://EnergyChamber.org/) takes notes of recent initiatives taken by the International Energy Agency (IEA) to support Africa’s energy transition and salutes the leadership of the IEA in this dialogue. Such conversations notably echo the Chamber’s recent statement on African Lives Matter, questioning the OECD and IEA’s recent call…

African Energy Chamber
Source: African Energy Chamber |

In Times When Black Lives Finally Matter, Building Purpose-Driven Businesses is Key to Economic Empowerment

The Opportunity Fund will invest only in companies led by people of color, and is the first such fund to be created in response to growing protests

Earlier this month and following the death of George Floyd, SoftBank announced a $100m investment fund for minority-owned businesses. The Opportunity Fund will invest only in companies led by people of color, and is the first such fund to be created in response to growing protests, in the US and…

Sustainable Energy for All (SEforALL)
Source: Sustainable Energy for All (SEforALL) |

Africa has a once in a generation opportunity to ‘recover better’ with sustainable energy

Sustainable Energy for All sets out clear, practical steps for African countries to recover better from COVID-19 and close energy access gaps

As countries continue to rebuild from the COVID-19 pandemic, a new guide by Sustainable Energy for All (SEforALL) (www.SEforALL.org) shows how clean energy investment can support countries to ‘Recover Better’, and use this unique moment to reset their economies and close energy access gaps. According to The Recover Better with…

Arab Petroleum Investments Corporation (APICORP)
Source: Arab Petroleum Investments Corporation (APICORP) |

Arab Petroleum Investments Corporation (APICORP) issues a benchmark USD750 million 5-year bond

The latest issuance, part of APICORP’s USD3 billion Global Medium-Term Note (GMTN) program, will bolster the corporation’s business operations

Financing will bolster APICORP’s (www.APICORP.org) business operations, including its countercyclical role in mitigating the impact of the COVID-19 pandemic and oil price fluctuations in the MENA region; Issuance attracted more than USD 1.1 billion in orders for the debt sale from over 40 investors of various types; At 1.46% per…