EITI Appoints Bady Baldé As EITI Executive Director

EITI’s Africa Director, Bady Baldé, has been appointed as its Deputy Executive Director. Going forward, he will combine the roles of Africa and Deputy Executive Director. Baldé joined the EITI in 2009 and has progressively assumed more responsibilities for the EITI’s technical, country and policy work. As Africa Director, he currently oversees the International Secretariat’s work in 24 implementing countries in Africa. He also works on several major policy areas. On commodity trading transparency, for example, he has been instrumental in developing EITI transparency requirements and the establishment of the commodity trading working group. Mark Robinson, EITI’s Executive Director, commented: “I am delighted that Bady will take up the role of Deputy Executive Director at the EITI International Secretariat. Bady is an accomplished speaker and strategist, whose skills and substantial country experience will take the EITI forward, as it continues to raise the bar on extractives transparency.” Bady Baldé said:…

Africa Oil & Power To Discuss Renewables, LNG & Energy Finance In Cape Town

Africa Oil & Power 2020 highlights African integration across borders throughout the entire energy value chain; AOP 2020 welcomes presidents, ministers, national oil company and utility heads, IPP and renewables executives and more for the fifth edition of Africa’s Energy Conference; This year’s event will have a major focus on the driving factors behind Africa’s energy transition.The fifth edition of Africa Oil & Power (AOP) returns to Cape Town on September 15-17, for three days of deal-making and discussions focused on Africa’s energy transition, industrialization, regional business and economic transformation.For the first time, AOP will host the Africa Renewables Forum, the Africa LNG Forum and the Energy Finance Forum, in line with the vision of South Africa’s Department of Mineral Resources and Energy and government and private sector partners from all four corners of the continent. The theme of this year’s conference, marking the entering into force of the African…

Equatorial Guinea Outlines Oil & Gas Asian Investment Strategy

Ahead of the Atlantic Council Global Energy Forum in Abu Dhabi, Minister of Mines and Hydrocarbons of Equatorial Guinea, H.E. Gabriel Mbaga Obiang Lima outlined the country’s Asia-focused investment strategy following successful high-level discussions with state-owned oil and gas company Petro Vietnam and other Asian companies based in the United Arab Emirates.During the meeting, Minister Obiang Lima said the energy investment drive into Equatorial Guinea does not have to be China-centric. He committed to visit the Southeast Asian country as well as other neighbouring countries as part of the investment drive.“Equatorial Guinea has built a successful relationship with several Asian countries. Our approach is one of diversification with our investment partners. We welcome all interested private and public companies in Equatorial Guinea. Africa and Asia have a lot to learn from each other when it comes to oil & gas and energy sector development,” the Minister declared. “Equatorial Guinea is…

Nigeria Set To Advance Gas Plans During NIPS Conference

Last month, Nigeria’s Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva declared 2020 as the Year of Gas for the West African Nation.In line with this initiative, the Minister and the Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kolo Kyari, led by Nigeria’s President Muhammadu Buhari will host the third annual Nigeria International Petroleum Summit (NIPS) which will take place on February 9-12, 2020 in Abuja, Nigeria.Determined to showcase Nigeria as the foremost oil and gas investment destination, the conference will feature a spotlight session on the Nigeria LNG Train-7 project, which recently reached the final investment decision on the major gas expansion deal that is set to boost the plant’s production capacity to 30 million tonnes per annum (mtpa), from the current 22.5 mtpa.Further, NIPS will provide the opportunity for the nation to outline how local companies can lend a hand in the…

What Will It Take For 2020 To Truly Be The Year Of Gas In Nigeria?

By NJ Ayuk “The Honorable Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva has declared 2020 as the year of Gas for the Nation”, the news piece started. What amazing news! And certainly long overdue. As it seems, Nigerian officials have finally taken the cue. As I have said ever so often, more than an oil nation, Nigeria is a gas nation. It just doesn’t act like it.Undoubtedly, natural gas has the enormous potential to diversify and grow the Nigerian economy, power its industries and homes, produce ever-so-lacking wealth, create jobs, develop associated industries in the petrochemical sector, raise people out of poverty, the list goes on.Mr. Sylva’s demonstrated intent could perhaps become the most relevant political action anyone has taken in Nigeria in years and could change the country forever; and yet, the work ahead is so vast, we can only hope he has the strength to…

Bunyoro Demands For Improved Services Before Start Of Oil Production

Residents and local leaders from Hoima and Kikuube districts are demanding for better services before the actualization of the commercial oil production. They argue that although the government has tried to upgrade some schools and health facilities, the rural areas remain underserved and seriously neglected. They want the government to improve the education and health services in the area since it will be for the benefit of the residents to prepare themselves to tap up opportunities in the oil and gas sector. Ruth Atugonza, a resident of Kyangwali Sub County in Kikuube district wants the few existing Secondary schools in the area upgraded to Ordinary and Advanced levels of Education, which will prepare the locals to attain Education to benefit from oil and gas directly. She also wants elevation of the few existing health facilities. Geoffrey Rutungu, a resident of Kayera in Kabaale Sub County says the discovery of oil…

Waltersmith Modular Refinery Set To Meet The Scheduled Deadline

Phase one of the modular refinery and the ground breaking ceremony of the phase two is expected to hold in May 2020; The Waltersmith project has already reached 90 percent completion; The project falls in line with H.E. Chief Timipre Sylva's objectives to foster private sector participation in increasing domestic refinery capacity.Last week, Nigeria's Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva paid an inspection visit to the Waltersmith Modular Refinery in Ohaji/Egbema LGA, Imo State.Accompanied by Executive Secretary of the Nigerian Content Development Monitoring Board (NCDMB) Engr. Simbi K. Wabote, Minister Sylva said the Federal Government would continue on its efforts to ensure that the project meets the set deadline where phase one (5,000 bpd) of the modular refinery and the groundbreaking ceremony of phase two, which is targeted at delivering 25,000 bpd crude and condensate refinery; designed to produce gasoline, diesel, LPG, kerosene and aviation fuel,…

AfDB's $55m To Jumpstart TZ Private Sector Led Economic Growth

The African Development Bank has approved a $55 million facility to strengthen implementation of reforms to enhance Tanzania's economic competitiveness and private sector participation in the country's growth.These critical reforms will lead to a more vibrant economy, which will improve the living conditions of Tanzanians, particularly the poor and vulnerable, and including women and youth. "Tanzania's private sector is dominated by small enterprises mostly in smallholder agriculture and small informal non-farm businesses," said Abdoulaye Coulibaly, the Bank's Director of Governance and Public Financial Management Department."By strengthening the regulatory framework, the country's private sector will have the required incentives to fully participate in the economy, particularly in cross sector growth-enhancing and transformational investment opportunities."Constraints to doing business in Tanzania include high compliance costs, lengthy pre-approval procedures, multiple and duplicate processes for business registration, loopholes in some laws and regulations applied by regulators during inspections, and high regulatory costs at the national…

ADF-15 Replenishment: Donors Commit $7.6bn To Support Africa's Fragile Countries

Donors of the African Development Fund (ADF) on Thursday agreed to commit $7.6 billion to speed up growth in Africa's poorest nations and help lift millions out of poverty.This fifteenth replenishment of the ADF (ADF-15), up 32% from the previous cycle, sends a strong signal of trust in the Fund, which is the concessional window of the African Development Bank Group.The Fund comprises 32 contributing states and benefits 37 countries – including those experiencing higher growth rates, headed towards new emerging markets, and fragile states needing special support for basic service delivery. The Fund's resources are replenished every three years.ADF-15 will support Africa's most vulnerable countries by tackling the root causes of fragility, strengthening resilience, and mainstreaming cross-cutting issues. These include gender, climate change, governance, private sector development, and decent job creation."What a great pledge we've achieved with your support... Together we've exceeded the target set for this replenishment. What…

OPEC, Non OPEC Members To Focus On Energy Poverty

Global oil producers will convene Friday in Vienna, Austria for the 177th OPEC Meeting. Through the meeting, the producers are aiming to determine the management of oil production in 2020. The African Energy Chamber urges African OPEC and non-OPEC members to commit to the Declaration of Cooperation and ensure compliance. This is of key importance as it keeps the path to dignity and prosperity for African economies open. The meeting falls amidst the climate change debate which has put pressure the global energy industry to implement less carbon-intensive energy solutions. Attending the 177th Meeting, the Africans see this gathering as an opportunity for OPEC members to focus on the realities of energy poverty on the African continent and provide a solution that allows Africa to still meet its objectives of improving power access and building competing economies while participating in the dialogue about addressing climate change. “Climate change is real.…
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