Source: United Nations Conference on Trade and Development (UNCTAD) |

Coronavirus - Angola: COVID-19 affirms urgency of trade facilitation reforms in Angola

The coronavirus (COVID-19) pandemic’s blow to global oil prices has re-emphasized the need for Angola to wean its economy off volatile fuel exports

The nation’s oil-dependent economy has been hit by low demand due to the coronavirus pandemic. It’s banking on trade facilitation reforms to improve competitiveness in other sectors. The coronavirus (COVID-19) pandemic’s blow to global oil prices has re-emphasized the need for Angola to wean its economy off volatile fuel exports.…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

South African Chamber of Commerce and Industry Backs Africa Oil & Power 2020

AOP 2020 serves as a platform for bold and decisive policy-making decisions in the African energy sector

The South African Chamber of Commerce and Industry (SACCI) has signed a strategic partnership with Africa Oil & Power (AOP) (www.AfricaOilandPower.com) for the second year; SACCI constructively influences the environment in which business operates in South Africa and has around 20,000 members; AOP 2020 serves as a platform for bold…

Source: The World Bank Group |

Coronavirus: Africa's Pulse, No. 21, Spring 2020 - An Analysis of Issues Shaping Africa’s Economic Future

Despite a late arrival, the COVID-19 virus has spread rapidly across Sub-Saharan Africa in recent weeks

The COVID-19 pandemic has taken a toll on human life and brought major disruption to economic activity across the world. Despite a late arrival, the COVID-19 virus has spread rapidly across Sub-Saharan Africa in recent weeks. Economic growth in Sub-Saharan Africa is projected to decline from 2.4 percent in 2019…

Source: The World Bank Group |

Coronavirus - Africa: COVID-19 (Coronavirus) drives Sub-Saharan Africa toward First Recession in 25 Years

The analysis shows that COVID-19 will cost the region between $37 billion and $79 billion in output losses for 2020 due to a combination of effects

Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to -2.1 to -5.1% in 2020, the first recession in the region over the past 25 years, according to the latest Africa’s Pulse, the World Bank’s twice-yearly…

African Energy Chamber
Source: African Energy Chamber |

Oil Industry Welcomes Re-Appointment of H.E. Diamantino Pedro Azevedo in Angola

The industry has welcomed the Minister’s reappointment and the continued confidence and trust placed on him by President João Lourenço

The Angolan and African energy industry has welcomed the reappointment of Diamantino Pedro Azevedo as Minister of Mineral Resources, Petroleum and Gas of the Republic of Angola by President João Lourenço today. The industry has welcomed the Minister’s reappointment and the continued confidence and trust placed on him by President…

Africa Oil & Power Conference
Source: Africa Oil & Power Conference |

Events Industry retools to build hospitals in Africa

The venture applies HOTT3D’s design, construction and project management expertise to building medical facilities within days

A Cape Town-based exhibition builder, together with an event organizer, offer to work with governments and private sectors across Africa to rapidly build hospital infrastructures and shelters in the midst of the COVID-19 pandemic. Afrika Umoja, an initiative initiated by Cape Town temporary architecture specialists, HOTT3D with pan-African energy event…

African Energy Chamber
Source: African Energy Chamber |

Former Director of State Oil Assets and Entrepreneur Appointed to Lead African Energy Industry Lobby in the Central African Economic and Monetary Community (“CEMAC”) Region

Leoncio is based in Malabo where he will act on behalf of the Chamber across all public and private sector energy initiatives in the region

The African Energy Chamber (http://EnergyChamber.org) has appointed Leoncio Amada Nze, Founder & CEO of APEX Industries, as its Executive-President for the Central African Economic and Monetary Community (“CEMAC”) which is made up of six states: Gabon, Cameroon, the Central African Republic (CAR), Chad, the Republic of the Congo and Equatorial…

Source: African Energy Chamber |

African Energy Chamber Appoints President for East Africa

Elizabeth is based in Nairobi and will represent the Chamber across the region, including Kenya, South Sudan, Ethiopia, Uganda, Tanzania, Rwanda and Burundi

The African Energy Chamber (http://EnergyChamber.org) has appointed Eng. Elizabeth Rogo, Founder & CEO of TSAVO Oilfield Services, as its President for East Africa. Elizabeth is based in Nairobi and will represent the Chamber across the region, including Kenya, South Sudan, Ethiopia, Uganda, Tanzania, Rwanda and Burundi. Elizabeth’s appointment comes at…

Source: African Energy Chamber |

African Energy Chamber urges Organization of the Petroleum Exporting Countries (OPEC) to reach a deal on ending Oil Prices War

The situation in Africa’s oil economies is dire and the continent needs a deal to ensure the continuity and survival of its industry

OPEC and OPEC+ are set to meet in Vienna on Thursday, April 9th, to try to reach a deal on ending the current oil prices war. Since OPEC failed to reach a deal on maintaining production cuts last March, major oil producers have been ramping up production to maintain and…

African Energy Chamber
Source: African Energy Chamber |

South Sudan Petroleum Minister Holds Talks with OPEC to Find Solutions on Oil Price War

Hon. Puot Kang notably expressed South Sudan’s willingness to work with OPEC and OPEC+ to end the price war in any way possible

While oil prices rebounded last week on hopes of successful negotiations between Saudi Arabia and Russia, they went back down again today following the negotiations’ delay. Oil prices currently average $25 to $30 a barrel, maintaining their historic low and hurting producers around the world. Recently appointed Minister of Petroleum…