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Archive In Energy
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Business
Mozambique plans to tax Cove Energy sale.
Reuters – Mozambique wants to impose a capital gains tax on the sale of Cove Energy, the Africa-focused gas explorer at the centre of a bidding war.
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Business
Liberia to benefit from World Bank’s Lighting Africa Initiative.
MONROVIA (Xinhua) — With the help of the World Bank, the Rural Renewable Energy Agency (RREA) of Liberia has launched the Commercialization of Off-Grid Solar Electric Lighting in Liberia that is aimed at providing affordable lighting for...
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Business
Brent Oil Slips Downward.
that Oil fell in the first of four sessions on Monday, with Brent slipping towards $125, as weak Chinese exports heightened demand fears, countering support from supply disruption worries in the Middle East and Africa and...
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Business
Zimbabwean Government reach an agreement with Implats on 51% mine stake.
(BusinessDay SouthAfrica) – The Zimbabwean government and Impala Platinum (Implats ) said yesterday that they had agreed to a transfer of a 51% stake in the Zimplats subsidiary of the world’s second-biggest platinum group, but the...
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Business
European sanctions against Iran take effect from July 1, South Africa looks elsewhere for oil.
d of May as western powers tighten sanctions against the Islamic republic, the country’s energy minister said on Tuesday.
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Business
Nersa approves a 31,6% increase for Transnet Pipelines.
(BusinessDay SouthAfrica) – The National Energy Regulator of SA (Nersa) has approved a 31,6% increase for Transnet Pipelines, a move that could see the petrol price rising by 4c/l in Gauteng.
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Business
Indonesia buys Libyan El Sharara crude for 1st time.
(Reuters) – Petral, the trading arm of Indonesia’s state-owned refiner Pertamina, has bought Libyan El Sharara crude for the first time as it seeks to diversify the types of oil its refineries can process, trade...
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Business
Africa’s Mining, What Next?
Mwila lwando says there is need to create a level playing field in the Mining sector.
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Business
Kenya set to sign power deal with Ethiopia.
Kenya will this week sign a power deal with Ethiopia. The agreement for a Sh54 billion ($666 million) transmission line is expected to enhance trade in electricity between the two East African neighbours.
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Business
Kenya Strikes Black Gold.
President Kibaki announced today. The President stated this after Anglo-Irish oil firm; Tullow Oil plc., announced that the Ngamia-1 exploration well in Kenya has encountered in excess of 20 metres of net oil pay.