Emery said that senior leaders at the IFC had undermined the “ambitious and thoughtfully designed” plan through a desire to “tell a magical story where a pinch of best practices and a dash of de-risking” would be enough to unlock the required financing.
The plan involves developing 2 GW of renewable energy in Angola, 1 GW in Uganda and 2 GW in Zambia. The agreement with Zambia set out plans to work on wind, solar and hydropower.
Zambia and Namibia have signed a memorandum of understanding (MoU) on a new gas and products pipeline project.
Zambia is in talks with Saudi Arabia to secure fuel supplies, while also seeking support from the International Monetary Fund (IMF).
Angola has inaugurated a new unit at the Luanda refinery, with Zambian officials expressing their interest in securing fuel supplies from their neighbour.
The UK has removed all 11 countries from the red list in the face of international pressure.
Angola and Zambia have signed a memorandum of understanding (MoU) on the construction of pipelines between Lobito and Lusaka.
Eni reported strong results for the fourth quarter, with an adjusted operating profit of 802 million euros ($972.5mn) reported at its exploration and production unit.
“The child gold-diggers”. That was the title of a recent Sunday Times feature, which tracked illegally mined gold from the child miners of Ghana to the “clean” gold markets of Europe, via the Dubai gold souk.
Countries that need power, need power now – and Karadeniz’s Powerships may just be the fastest moving answer to this particular demand.
Zambia has declared distribution and transmission lines of Copperbelt Energy Corp. (CEC) as “common carrier”, a move the company described as expropriation.