South Sudan touts oil recovery at AOP18, but obstacles remain

South Sudan touts oil recovery at AOP18, but obstacles remain

South Sudan’s oil production is recovering from years of conflict, according to Ezekiel Lol Gatkuoth, the country’s Minister of Petroleum, but many obstacles remain even as oilfield operations come back online. Security was top of mind as South Sudan took the spotlight during the Africa Oil & Power conference in…

Report finds African energy investment is financing fossil fuels

Report finds African energy investment is financing fossil fuels

The African continent is attracting some USD$20 billion in energy investment from government-backed development institutions across the world each year – but far too much of it promotes fossil fuels rather than the shift to renewable energy. That’s according to a new analysis from Oil Change International, an advocacy organization based in…

OPEC welcomes Congo Brazzaville as newest member

The central African nation of Congo Brazzaville has become the newest member of the Organization of the Petroleum Exporting Countries (OPEC), following the conclusion of the OPEC member meeting in Vienna on Friday. It is now the 15th nation to become a member, seven of them on the continent. The…

AfDB denies reports it has cut off $400 million loan to Nigeria

The African Development Bank (AfDB) said Tuesday that it has not decided to call off loans to Nigeria, countering widespread media reports that the support for the West African nation’s ailing economy was withdrawn. “The African Development Bank is highly encouraged by the economic recovery of Nigeria from recession and…