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oil

It’s time for Africa to shape climate change policies

It’s time for Africa to shape climate change policies  Global efforts to limit carbon emissions are falling short, developed countries have not coughed up the USD100-billion promised to help developing countries meet targets, and the EU is set to impose carbon taxes that will hamstring Africa’s development ambitions. Therefore its time for Africa to assume

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Africa can leapfrog traditional power systems

Africa can leapfrog traditional power systems Africa’s ability to leapfrog traditional power systems and adopt renewables on a massive scale is not a fantasy. By Marc Thiriet, Director, Africa, Wärtsilä Energy  In-depth studies from Wärtsilä have demonstrated that with the adequate support of flexible power technologies, ambitious renewable energy objectives in Africa are not only

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Oil company rolls out initiatives for innovation hubs in Rwanda

Oil company rolls out initiatives for innovation hubs in Rwanda     Italian based multinational energy company Eni has signed four agreements with the Government of Rwanda to develop innovative joint initiatives in agriculture, protection of unique forest ecosystems, technology, and health. Eni, headquartered in Rome, is one of the seven supermajor oil companies in the

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African parliamentarians support East Africa Crude Oil Project

African parliamentarians support East Africa Crude Oil Project The Motion for a Resolution of the Pan African Parliament (PAP) to support the East African Crude Oil Project was adopted by the PAP under Rule 60 of the Rules of Procedure of the PAP. The motion was brought before the PAP by Hon. Okot Ogong Felix from Uganda.

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Zimbabwe on a drive to entice investors and boost energy security

23 July 2021 – Zimbabwe is on a drive to entice investors and boost the country’s energy security. This is according to African Energy Chamber Executive Chairman NJ Ayuk, who met Zimbabwean President Emmerson Mnangagwa this week. According to Ayuk, Zimbabwe is on a drive to attract new investors and projects to increase installed power

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The benefits of Nigeria’s new Petroleum Industry Bill will top the agenda at African Energy Week 2021

06 July 2021 – The benefits of Nigeria’s new Petroleum Industry Bill (PIB) will be top of the agenda at the African Energy Week 2021, which will take place in Cape Town from the 9th to the 12th of November 2021. The Nigerian Senate has officially passed the long-awaited PIB after deliberation and input by

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What impact will AfCFTA have on the oil and gas industry?

30 March 2021 – Estimations forecast that the African Continental Free Trade Agreement (AfCFTA) will positively impact Africa’s Gross Domestic Product (GDP), resulting in welfare gains for citizens, facilitate trade growth, and improve Africa’s trade deficit. The question is what impact will AfCFTA have on the African oil and gas industry? Created by the African

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A flexible power strategy will benefit Mozambique.

By Fhedzi Modau, Mozambique Country Manager, Wartsila Energy Business    25 March 2021 – With its massive gas reserves and billions of dollars of investment flowing in to monetise them, Mozambique has a unique opportunity to deploy a flexible power strategy that will bring major benefits across both its domestic and regional electricity markets. Countries

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Oil sector reform in Angola drives growth.

By Andres Vega, International Associate at Centurion Law Group. 26 February 2021 – Recent oil sector reform in Angola has led to progressive and reform driven growth in other sectors of the economy. In addition, these reforms have generated vast amounts of revenue and created good paying jobs. Angolan lawmakers last week approved the revision

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Mining in Mozambique to benefit from battery technology.

By Grace Goodrich 19 February 2021 – The gradual transition to renewable energy around the globe will affect several African countries. Mining in Mozambique is set to benefit from battery technology, for example, as it hosts a number of minerals required for the production of Electric Vehicles and lithium-ion batteries.     In addition to sizable

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