Richest Man In Africa Selects His Temptations

After completing almost $5 billion of agricultural projects and an $11 billion oil refinery in Nigeria Aliko Dangote is gearing up to invest $20 billion to $50 billion in several but specific industries that includes renewable energy, petrochemicals, and buying the football club Arsenal, in the US and Europe by 2025. Read more here: https://www.bloomberg.com/news/articles/2017-08-17/africa-s-richest-man-to-invest-up-to-50-billion-in-u-s-europe and read here: https://www.bloomberg.com/features/2017-aliko-dangote-interview/

Ready To Go

South Africa’s first solar thermal plant designed to operate on the basis of the so-called ‘energy sale windows’ Xina Solar One has been fully developed by the Spanish innovative technology solutions multinational corporation, Abengoa. Read more here: https://www.esi-africa.com/news/xina-solar-one-first-energy-sale-windows/

The Surge

The drilling programme carried out by Victoria Oil and Gas plc in Cameroon has caused a 20% surge in the company’s shares after an update of its ‘La-107’ bullish performance was shared with the public. Read more here: http://www.proactiveinvestors.co.uk/companies/news/182587

Drip, Drip, Drop!!!

A recent survey carried out by Daily Trust on cooking gas across different states in Nigeria has revealed a drop in the price of liquefied petroleum gas (LPG) by 30% from N400 per kilogram (kg) in May to N280 per kg currently. Read more here: https://www.dailytrust.com.ng/news/business/cooking-gas-price-drops-by-30/210372.html

Sigh of Relief

Ghana’s energy sector financial challenges may be fixed soon as its government’s 2.4 billion dollar energy sector bond has gotten foreign investors interested in buying it. Read more here: http://citifmonline.com/2017/08/17/govt-woos-foreign-investors-for-its-2-4-bn-energy-sector-bond/

The Long-legged Fellow

Following the Economic Community of West African States (ECOWAS) decision to agree in principle to Morocco’s request to join the union, MoU has been signed between the Nigerian National Petroleum Corporation and Morocco’s National Office of Hydrocarbons and Mines for a partnership on a gas pipeline between the two nations. Read more here: https://wsimag.com/economy-and-politics/28150-morocco-joins-ecowas