The Senate’s passing of the Petroleum Industry Governance Bill is a small, but significant, step towards the long-awaited restructuring of Nigeria’s troubled oil and gas industry. It is through the PIGB that the government hopes to open up the sector to more and better business opportunities through increased transparency, better accountability and clearer regulations.
The actors and transit routes involved in the DRC-Dubai gold trade raise suspicion; not least because estimates suggest that 70% of all DRC gold reaches Dubai. Those who stand to benefit may have little incentive to enforce a crackdown. Understanding the nuances of the DRC-Dubai trade route should be a priority for sector stakeholders.
Investment and religious connections have emerged as the driving forces behind the Gulf’s relationship with Africa. Qatar, lacking its neighbours’ religious, cultural and economic connections to the continent, appears to have been less effective in garnering African support.
In a matter of weeks, the introduction of three new laws has completely changed the legal and regulatory landscape of Tanzania’s extractives industry, risking the country’s reputation as one of Africa’s most attractive investment destinations. As Acacia has discovered, this emerging environment is not a welcome one.
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Nigeria has become one of Turkey’s most important providers of liquid natural gas (LNG), and with the LNG industry in both countries gaining increasing prominence, LNG trade between the two is likely to continue into the foreseeable future.
President Lungu’s increasingly authoritarian actions have attracted concerns over Zambia’s democracy. There are indications that the recent declaration of a state of threatened emergency could be a mere ploy to stifle the increasingly vocal opposition.
A shortage of reliable power in Ghana continues to be a major obstacle for potential investors, but as the new government attempts to make good on its promise to develop the economy and attract investment, solving the power crisis is becoming a priority.
With President Kabila and his close circle of allies retaining tight control over industrial mining in the DRC, it is vital that foreign investors learn how to navigate networks of exposed political elite and their various gatekeepers. Shadow Governance’s new report on mining in the DRC details the key power plays and power players.
Turkey’s relationship with Ethiopia is one of its strongest in Africa, and over the past decade has evolved from merely trade-related to more of a strategic political partnership, with both government’s playing key roles. With Turkey fulfilling Ethiopia’s need for foreign investment, Ethiopia remains a willing partner in Turkey’s fight against the so-called Fethullahçı Terör Örgütü (FETÖ).
Depending on which stance is adopted, Egypt and Sudan are simultaneously the best of friends and the worst of enemies. It is no secret that these countries have their differences, with notable issues playing out publically. However, there is much that binds these two African nations and the recent friction must be understood in context, to gain a deeper understanding of the impact this may have on investments.
Sinopec’s acquisition of Chevron’s downstream businesses in South Africa and Botswana is China’s first major investment into Africa’s downstream oil industry. With energy demand in Africa continuing to increase – and demand slowing in China – Chinese companies are consequently turning to foreign markets to secure further customers for continued growth. Conversely, these investments may merely be part of a wider politically-motivated plan aimed at promoting China’s political influence across, not only Africa, but the wider international community.
Militant groups in Nigeria condemn the failure of the government to force the relocation of oil companies to the Niger Delta, increasing the risk of future attacks on oil infrastructure