CAMEROON/CHAD/LESOTHO: Scatec Enters into Multiple Deals to Deliver Hybrid Solar & Storage Plants in Africa

CAMEROON Release by Scatec has entered into a lease agreement with electricity company ENEO in Cameroon to deliver two hybrid solar and storage plants totalling 36 MW solar and 20 … Read More

Africa to Continue Exploiting Hydrocarbon Resources While Exploring the Use of Renewable Energies – APPO

The Council of Ministers of the African Petroleum Producers’ Organization (APPO) just ended its 41st Ministerial Session with a resolve to continue the exploitation of its Member Countries’ huge oil and … Read More

CAMEROON/CHAD: Savannah Energy Signs SPA with Exxon Mobil Corporation and PETRONAS

Savannah Energy PLC, has announce that it has signed a Share Purchase Agreement (SPA) with Exxon Mobil Corporation, ExxonMobil International Holdings, Inc. and Esso Exploration Holdings, Inc. (Exxon) and has separately … Read More

CONGO: CEMAC Business Energy Forum Will Position CEMAC as a Globally Competitive Oil and Gas Market

The Oil and Natural Gas Industry is proud to endorse the upcoming Central African Economic and Monetary Community (CEMAC) Business Energy Forum, taking place on 29 – 30 November 2021 … Read More

Green Climate Fund Invests $150 million in Desert to Power G5 Sahel Financing Facility

The African Development Bank has welcomed $150 million investment in its Desert to Power G5 Financing Facility from the Green Climate Fund (GCF). The GCF approved the amount at its … Read More

A Pragmatic Solution to the BEAC’s FOREX Regulations Will Not be Reached Without the Involvement of Local Stakeholders

  The FOREX regulations imposed by the Bank of Central African States (BEAC) remain one of the major impediments to investments in Central Africa’s energy markets: Equatorial Guinea, Congo, Cameroon, … Read More

BEAC must reconsider its new Forex regulation to save jobs in Gabon, Cameroon, Republic of Congo, Equatorial Guinea, Central African Republic and Chad

On March 1st, 2019, a new Foreign Exchange Currency Regulation was adopted by the members of the Economic and Monetary Community of Central Africa states – CEMAC. These member states, … Read More

Central Africa’s Economic Recovery Must Go Through a Reform of Forex Regulations

By Leoncio Amada NZE The health and economic crisis caused by the Covid-19 pandemic is devastating the productive, economic and financial systems throughout the entire planet: businesses went bankrupt, millions … Read More

Energy Lobby Lauds the Bank of Central African States (BEAC)’s Authorization to Open Foreign Currency-labelled Escrow Accounts

In its Ordinary Meeting held on July 2nd, 2020, the Board of Directors of the Bank of Central African States (BEAC) has allowed the opening of foreign currency escrow accounts … Read More

Presidents of Chad, Uganda and Senior Minister implicated in Chinese Energy Firm bribing scandal

U.S. Attorney’s Office in the Southern District of New York has said it has charged Chi Ping Patrick Ho aka “Patrick C.P. Ho,” and Cheikh Gadio (the former Foreign Minister … Read More